Home Dividends High Dividend Yield Recent Fundamentals: Simon Property Group (NYSE: SPG)

Recent Fundamentals: Simon Property Group (NYSE: SPG)

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Simon Property Group is part of the real estate sector and is part of the REITs industry. The company CEO is David Simon. Simon Property Group Inc is real estate investment trust. It owns, develops and manages retail real estate properties including malls, outlets and community and lifestyle centers.

Previous Intraday Trading Performance:

The SPG stock showed a previous change of 0.65% with an open at 184.00 and a close of 185.30. It reached an intraday high of 185.48 and a low of 183.39.

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Liquidity:

The stock has a market cap of $57.3b with 309.0m shares outstanding, of which the float is 306.6m shares. Trading volume reached 1,056,949 shares compared to its average volume of 1,451,505 shares. Based on the current average volume and close price, the trading liquidity is good.

Historical Trading Performance:

Over the last five trading days, Simon Property Group shares returned 0.71% and in the past 30 trading days it returned 10.23%. Over three months, it changed -0.33%. In one year it has changed 23.90% and within that year its 52-week high was 191.49 and its 52-week low was 145.78. SPG stock is 27.11% above its 52 Week Low.

Our calculations show a 200 day moving average of 171.32 and a 50 day moving average of 177.22. Currently SPG stock is trading 8.16% above its 200 day moving average.

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Earnings:

The last annual fiscal EPS for the company was reported at 12.13 that ended on 31st of December 2018, which according to the previous close, that is a PE of 29.70. Based on 9 analyst estimates, the consensus EPS for the next quarter is 3.24. The TTM EPS is 12.13, which comes to a TTM PE of 15.28. Historically, the PE high was 46.00 and the PE low was 15.28. SPG stock has set a new PE low record!

The following are the last four quarter reported earnings per share:
12-31-2018:  3.23
09-30-2018:  3.05
06-30-2018:  2.98
03-31-2018:  2.87

The dividend per share is currently 8.20, which is a dividend yield of 4.43%.

Base on our calculations, the intrinsic value per share is 210.10, which means it is possibly undervalued and has a margin of safety of 11.81%

Indicators to Watch:

Based on the latest filings, there is 0.70% of insider ownership and 150.90% of institutional ownership. Short-interest is 9,129,470, which is 2.95% of shares outstanding. The short-interest ratio or days-to-cover ratio is 5.83. This stock has some short interest, but it may be normal and no cause for concern if long the position.

The current calculated beta is 0.57

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Fundamental Indicators:

Based on last reported financials, the company’s return on equity is 70.66%, return on assets is 7.74%, profit margin is 53.38%, price-to-sales is 10.76 and price-to-book is 17.48.

Company Scores:

All scores are out of six:
 1  :Valuation Score
 5  :Past Performance Score
 1  :Financial Strength Score
 1  :Future Growth Score
 5  :Dividend Score
 2  :Overall Score

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John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.