Here Are the Facts You Need to Understand SPG

By Emilio Sanchez • Friday, November 03 10:13 • Permanent Link

With gains of 2.8%, Simon Property was one of the winners on Wall Street today. Its shares are now trading at $119.12 and have logged a 1.0% daily outperformance of the S&P 500. Don't join the feeding frenzy before checking some basic facts about this stock:

Simon Property has moved 6.0% over the last year, and the S&P 500 logged a change of 16.0%
SPG has an average analyst rating of buy and is -7.71% away from its mean target price of $129.07 per share
Its trailing earnings per share (EPS) is $6.74
Simon Property has a trailing 12 month Price to Earnings (P/E) ratio of 17.7 while the S&P 500 average is 15.97
Its forward earnings per share (EPS) is $6.36 and its forward P/E ratio is 18.7
The company has a Price to Book (P/B) ratio of 13.35 in contrast to the S&P 500's average ratio of 2.95
Simon Property is part of the Real Estate sector, which has an average P/E ratio of 24.81 and an average P/B of 2.24
SPG has reported YOY quarterly earnings growth of 10.3% and gross profit margins of 0.8%
Simon is a real estate investment trust engaged 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.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.