SPG stock: buy or sell?

SPG stock price: $155.04 0.27% At close on September 20th, 2019

Updated on:
September 20th, 2019

2

Simon Property ended today at $155.04 and stayed constant a slightly good 0.27%.

Simon is a global leader in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE: SPG).

Should I buy SPG stock?

Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best time to buy them. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

None of our preferred buy setups matches with Simon Property stock situation right now, hence this is not a suitable entry point.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

Is Simon Property stock a buy?

Banks and financial institutions publish stock ratings everyday. At Stocks2.com, we detected 12 ratings published for SPG stock in the last 30 days.

Is SPG a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-9-3Morgan Stanleyn/aEqual Weight
2019-9-11Canaccord GenuityBuySpeculative Buy
2019-8-23SunTrust Banksn/aHold
2019-8-22Cormarkn/an/a
2019-6-3JPMorgan Chase & Co.n/aOverweight
2019-6-28Citigroupn/aBuy
2019-6-20Morgan Stanleyn/aEqual Weight
2019-6-11Deutsche Bankn/aHold
2019-4-16Barclaysn/aBuy
2019-2-8Wells Fargo & CoOverweightMarket Weight
2019-2-15MizuhoBuyNeutral
2019-2-1BMO Capital Marketsn/aBuy

SPG stock analysis

Daily outlook

Shares of Simon Property closed today at $155.04 and stayed stable a slightly good 0.27%.

Simon Property shares stayed stable 0.27% to $155.04 today. SPG is retaking the upward trend marking a new rising bottom heading to break out over $163.60.

SPG stock chart (daily)

Weekly outlook

Simon Property inched a tiny 0.72% this week. Counting this, it's been 4 climbing weeks in a row, soaring a 6.06%.

Simon Property is in a clear downtrend, marking consecutive declining tops and bottoms. Now is trading in between the - range. If the support holds the price, this might mark a double bottom configuration and create a flat-base to reverse this downtrend. Since early May, when SPG stock price broke down the 40-weeks moving avarage line, it slid $-19.84 per share (-11.34%). Trading stocks that are below the 40-weeks (that is, 200-days) moving average mark is not recommended by many experts, as it indicates that the stock has not enough institutional support.

SPG stock chart (weekly)

SPG stock price history

SPG IPO was on December 14th, 1993 at $5.02 per share1. Since then, SPG stock grew a 2,988.40%, with an average of 119.50% per year. If you had invested right after SPG's IPO a $1,000 in SPG stock in 1993, it would worth $29,884.00 today.

1: Adjusted price after possible price splits or reverse-splits.

SPG stock historical price chart

SPG stock reached 52-week highs on December at $184.59, and all-time highs 2016-07-29 with a price of 198.28.

SPG stock price target is $180.80

Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. We found 8 price predictions for Simon Property stock released in the last 30 days:
SPG stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-9-3Morgan StanleyLowers Target$170.00$157.00-7.6%
2019-8-23SunTrust BanksLowers Target$185.00$160.00-13.5%
2019-6-3JPMorgan Chase & Co.Lowers Target$198.00$193.00-2.5%
2019-6-28CitigroupLowers Target$192.00$185.00-3.6%
2019-6-20Morgan StanleyLowers Target$180.00$170.00-5.6%
2019-6-11Deutsche BankLowers Target$191.00$188.00-1.6%
2019-4-16BarclaysReiteratesn/a$202.00-
2019-2-1BMO Capital MarketsReiteratesn/a$191.00-
(in average)$186.00$180.80-3.0%
Moving in a range from $202.00 and $157.00, the price prediction for SPG stock is $180.80. In average, analysts' outlook on SPG price target is negative, downgrading the target by a -3.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

After presenting its last earnings report on April, Simon Property . Unfortunately, reported EPS is not yet available in our database.
SPG earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a1.62n/a
2017-Q32017-10-271.631.651.2%
2017-Q42018-01-311.771.844.0%
2018-Q12018-04-272.832.871.4%
2018-Q22018-07-302.912.982.4%
2018-Q32018-10-253.023.051.0%
2018-Q42019-02-013.243.23-0.3%
2019-Q12019-04-251.61n/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

Compared to 2017, last anual turnover report draw a tiny gain of 2.15% to $5,657.92 million dollars. Instead, its earnings margin (compared to revenues) rose to 43.13%, that is $2,440.06 million.

To have an up to date view of the financial situation of Simon Property, we have calculated the trailing twelve month (TTM) sales and income figures. TTM values are the sum of the last 4 quarters and aproximate to an annual fiscal report ending in 2019-Q1 that can be compared to 2018 fiscal year results. Annual Simon Property TTM sales up to March 2019 were $5,710.94 and income was $2,367.88 million dollars. When comparing this TTM figures with the last reported annuality, we can esteem Simon Property business evolution since December 2018: Annual turnover up to March, compared to lastest yearly report, stayed steady a slightly good 0.94%. However, profit margin (net income/revenues) depreciated at 43.13%.

SPG annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$5,180 M-$1,210 M23.4%-
2014$4,871 M-5.97%$1,409 M28.9%16.41%
2015$5,266 M8.12%$1,828 M34.7%29.76%
2016$5,435 M3.21%$1,839 M33.8%0.61%
2017$5,539 M1.90%$1,948 M35.2%5.93%
2018$5,658 M2.15%$2,440 M43.1%25.26%
TTM $5,711 M0.94%$2,368 M41.5%-2.96%

Quarterly financial results

Simon Property posted $1,452.83 million in sales for 2019-Q1, a -0.54% decline compared to previous quarter. Reported quarter income marked $549.31 M with a profit margin of 37.81%. Profit margin collapsed a -11.04% compared to previous quarter when profit margin was 48.85%. When comparing revenues to same quarter last year, Simon Property sales marked a beatiful increase and grew a 3.79%.
SPG quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$1,360 M-$378 M27.8%-
2017-Q3$1,380 M1.47%$515 M37.3%36.20%
2017-Q4$1,428 M3.46%$572 M40.1%11.14%
2018-Q1$1,400 M-1.95%$621 M44.4%8.66%
2018-Q2$1,388 M-0.82%$548 M39.5%-11.85%
2018-Q3$1,409 M1.49%$557 M39.5%1.69%
2018-Q4$1,461 M3.67%$714 M48.9%28.10%
2019-Q1$1,453 M-0.54%$549 M37.8%-23.03%

Simon Property ownership

When you are planning to invest in shares of a company, it's worth to review its ownership structure.

Simon Property shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.50% of all shares.

Bearish positions for SPG stock account 0.00%, no big difference from last month.

The following table compares ownership indicators for other stocks related to Simon Property:

SPGARESNR
Market cap$47.8 B$17.5 B$541.2 M
Total shares308.0 M113.4 M83.1 M
Float shares305.6 M111.9 M71.6 M
  - Institutional holdings (%)98.8%101.6%68.4%
  - Insider holdings (%)0.5%1.3%2.0%
Shares in short selling0.0%0.0%0.0%

SPG summary

Friday, September 20th, 2019
Open$155.58
Close$155.04
Day range$155.01 - $157.85
Previous close$154.62
Session gain0.27%
Average true range$3.17
50d mov avg$153.29
100d mov avg$158.91
200d mov avg$165.79
Daily patternlb02a
Weekly pattern lt02a

Simon Property performance

Performance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. In the following table, we compare Simon Property performance to Alexandria Real Estate Equities and New Senior Investment:
Stock3m6m12m
SPGSimon Property-4.19%-10.44%-9.92%
AREAlexandria Real E...6.80%10.23%25.21%
SNRNew Senior Invest...-3.84%33.13%24.24%

Simon Property competitors

Defining a list of competitors for Simon Property it's a hard job. We selected 2 public companies that are related to and can be considered as competitors of Simon Property:

Latest SPG stock news