Simon Property Set to Announce Q4 Earnings on February 2nd
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: seekingalpha
- Earnings Expectations: Simon Property is set to announce its Q4 earnings on February 2nd after market close, with consensus FFO estimate at $3.49 and revenue at $1.51 billion, reflecting a 5.34% year-over-year growth potential for the company.
- Dividend Increase: The company raised its quarterly dividend from $2.15 to $2.20 per share, indicating increased cash flow and confidence in future earnings, which enhances investor return expectations.
- Analyst Ratings: In January, Morgan Stanley, Scotiabank, Barclays, and UBS raised their price targets on Simon Property, reflecting analysts' confidence in its portfolio mix and financial strength, with an overall rating of Buy.
- Insider Trading Activity: Over the past three months, insiders reported 12 net buy transactions, indicating confidence in the company's future performance, while short interest stood at 1.56%, suggesting a relatively optimistic market outlook.
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Analyst Views on SPG
Wall Street analysts forecast SPG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SPG is 193.69 USD with a low forecast of 181.00 USD and a high forecast of 225.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
13 Analyst Rating
4 Buy
9 Hold
0 Sell
Moderate Buy
Current: 189.800
Low
181.00
Averages
193.69
High
225.00
Current: 189.800
Low
181.00
Averages
193.69
High
225.00
About SPG
Simon Property Group, Inc. is a self-administered and self-managed real estate investment trust. The Company owns, develops and manages premier shopping, dining, entertainment and mixed-use destinations, which consist primarily of malls, Premium Outlets, The Mills, and International Properties. It owns approximately 250 plus global properties. Its properties include Apple Blossom Mall, Auburn Mall, Barton Creek Square, Battlefield Mall, Bay Park Square, Brea Mall, Briarwood Mall, Brickell City Centre, Broadway Square, Burlington Mall, Cape Cod Mall, Castleton Square, Cielo Vista Mall, Coconut Point, College Mall, Columbia Center, Copley Place, Coral Square, Cordova Mall, Dadeland Mall, Del Amo Fashion Center, Empire Mall, Firewheel Town Center, Greenwood Park Mall, Haywood Mall, King of Prussia, La Plaza, Lakeline Mall, Lenox Square, Mall of Georgia, Meadowood Mall, Menlo Park Mall, Miami International Mall, North East Mall, Ocean County Mall, Pheasant Lane Mall, and Phillips Place.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Simon Property Set to Announce Q4 Earnings on February 2nd
- Earnings Expectations: Simon Property is set to announce its Q4 earnings on February 2nd after market close, with consensus FFO estimate at $3.49 and revenue at $1.51 billion, reflecting a 5.34% year-over-year growth potential for the company.
- Dividend Increase: The company raised its quarterly dividend from $2.15 to $2.20 per share, indicating increased cash flow and confidence in future earnings, which enhances investor return expectations.
- Analyst Ratings: In January, Morgan Stanley, Scotiabank, Barclays, and UBS raised their price targets on Simon Property, reflecting analysts' confidence in its portfolio mix and financial strength, with an overall rating of Buy.
- Insider Trading Activity: Over the past three months, insiders reported 12 net buy transactions, indicating confidence in the company's future performance, while short interest stood at 1.56%, suggesting a relatively optimistic market outlook.
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