Brokerages expect Simon Property Group (NYSE:SPG) to announce earnings per share (EPS) of $2.83 for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Simon Property Group’s earnings, with estimates ranging from $2.77 to $2.89. Simon Property Group posted earnings of $2.74 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 3.3%. The firm is expected to report its next quarterly earnings report before the market opens on Friday, April 27th.

On average, analysts expect that Simon Property Group will report full year earnings of $12.00 per share for the current financial year, with EPS estimates ranging from $11.95 to $12.09. For the next fiscal year, analysts anticipate that the company will report earnings of $12.56 per share, with EPS estimates ranging from $12.32 to $12.83. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Simon Property Group.

Simon Property Group (NYSE:SPG) last announced its quarterly earnings data on Friday, April 27th. The real estate investment trust reported $2.87 EPS for the quarter, beating the consensus estimate of $2.83 by $0.04. The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.38 billion. Simon Property Group had a return on equity of 44.93% and a net margin of 35.14%. The company’s revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.53 EPS.

SPG has been the topic of several recent research reports. Zacks Investment Research upgraded Simon Property Group from a “sell” rating to a “hold” rating in a research report on Tuesday, March 20th. JPMorgan Chase lowered Simon Property Group from an “overweight” rating to a “neutral” rating in a research report on Tuesday, March 27th. Boenning Scattergood reiterated a “buy” rating and set a $240.00 price objective on shares of Simon Property Group in a research report on Thursday, February 1st. Barclays reiterated a “buy” rating and set a $190.00 price objective on shares of Simon Property Group in a research report on Wednesday, January 31st. Finally, ValuEngine lowered Simon Property Group from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company’s stock. Simon Property Group presently has a consensus rating of “Hold” and a consensus price target of $185.61.

A number of institutional investors and hedge funds have recently bought and sold shares of SPG. RFG Advisory Group LLC purchased a new stake in Simon Property Group in the 4th quarter worth approximately $200,000. Partnervest Advisory Services LLC purchased a new stake in Simon Property Group in the 4th quarter worth approximately $204,000. Murphy Capital Management Inc. purchased a new stake in Simon Property Group in the 4th quarter worth approximately $206,000. Advisory Services Network LLC lifted its holdings in Simon Property Group by 822.4% in the 4th quarter. Advisory Services Network LLC now owns 1,236 shares of the real estate investment trust’s stock worth $212,000 after buying an additional 1,102 shares during the period. Finally, First Merchants Corp purchased a new stake in Simon Property Group in the 4th quarter worth approximately $213,000. Institutional investors and hedge funds own 94.82% of the company’s stock.

Shares of Simon Property Group stock opened at $156.14 on Wednesday. The company has a debt-to-equity ratio of 5.87, a quick ratio of 1.75 and a current ratio of 1.75. The stock has a market cap of $48,101.66, a PE ratio of 13.38, a PEG ratio of 1.92 and a beta of 0.57. Simon Property Group has a 12 month low of $145.78 and a 12 month high of $173.02.

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 31st. Investors of record on Thursday, May 17th will be given a dividend of $1.94 per share. This represents a $7.76 annualized dividend and a yield of 4.97%. Simon Property Group’s payout ratio is 69.58%.

Simon Property Group Company Profile

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). Our properties across North America, Europe and Asia provide community gathering places for millions of people every day and generate billions in annual sales.

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Earnings History and Estimates for Simon Property Group (NYSE:SPG)

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