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MarketScreener Homepage  >  Equities  >  Nyse  >  Simon Property Group, Inc    SPG

SIMON PROPERTY GROUP, INC

(SPG)
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Simon Property : Shares Rising in Monday's After-Hours Market

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06/29/2020 | 05:35pm EDT

By Stephen Nakrosis

Shares of Simon Property Group Inc. are trading higher in Monday's after-hours market, following the real estate investment trust's update on the reopening of its retail properties.

At 5:08 p.m. EDT, the company's shares had risen 5.9% to trade at $72.12. Volume at the time topped 387,000 shares.

The company's stock finished the day's regular-trading session with a 10.06% gain, closing at $68.13.

Simon said it had reopened 199 of its 204 retail properties across 37 U.S. states, "which represent more than 95% of the company's property net operating income." The remaining five properties are expected to be reopen within the next week, the company said.

Simon also said 30 of its Designer and international Premium Outlets properties are open, with the last remaining international Premium Outlet expected to open next week.

Also on Monday, Simon said its board declared a $1.30 second-quarter dividend, adding "the company expects to pay at least $6 per share in common stock dividends for 2020, in cash, subject to board of directors approval."

The company's previous dividend was $2.10.

 

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

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Financials (USD)
Sales 2020 4 986 M - -
Net income 2020 1 494 M - -
Net Debt 2020 25 313 M - -
P/E ratio 2020 14,3x
Yield 2020 9,85%
Capitalization 20 360 M 20 360 M -
EV / Sales 2019
EV / Sales 2020 9,16x
Nbr of Employees 4 000
Free-Float 94,7%
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Technical analysis trends SIMON PROPERTY GROUP, INC
Short TermMid-TermLong Term
TrendsBearishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 89,50 $
Last Close Price 66,59 $
Spread / Highest target 145%
Spread / Average Target 34,4%
Spread / Lowest Target -21,9%
EPS Revisions
Managers
NameTitle
David E. Simon Chairman, President & Chief Executive Officer
Brian J. McDade Chief Financial Officer, Treasurer & Executive VP
David Schacht Chief Information Officer & Senior Vice President
Richard S. Sokolov Vice Chairman
Karen N. Horn Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
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REGENCY CENTERS CORPORATION-31.90%7 269
NATIONAL RETAIL PROPERTIES, INC.-33.89%6 096
CAPITALAND MALL TRUST-17.07%5 419