Simon Property Group Inc Announces Quarterly Dividend of $1.30 (SPG)

Share on StockTwits

Simon Property Group (NYSE:SPG) announced a quarterly dividend on Wednesday, July 23rd, Analyst RN reports. Investors of record on Friday, August 15th will be paid a dividend of 1.30 per share on Friday, August 29th. This represents a $5.20 annualized dividend and a dividend yield of 3.04%.

Several analysts have recently commented on the stock. Analysts at Jefferies Group raised their price target on shares of Simon Property Group from $190.00 to $193.00 in a research note on Tuesday. On the ratings front, analysts at Barclays raised their price target on shares of Simon Property Group from $185.00 to $199.00 in a research note on Monday. They now have an “overweight” rating on the stock. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $186.43.

Shares of Simon Property Group (NYSE:SPG) opened at 171.33 on Wednesday. Simon Property Group has a 52-week low of $134.026 and a 52-week high of $172.01. The stock has a 50-day moving average of $167. and a 200-day moving average of $157.6. The company has a market cap of $53.225 billion and a price-to-earnings ratio of 38.48.

Simon Property Group (NYSE:SPG) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.13 by $0.03. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the previous year, the company posted $2.11 earnings per share. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. Analysts expect that Simon Property Group will post $9.14 EPS for the current fiscal year.

Simon Property Group, Inc(NYSE:SPG), is a self-administered and self-managed real estate investment trust (REIT).

Receive News & Ratings for Simon Property Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Simon Property Group Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.

Latest News

Honeywell Profit Passes Forecast, Seeking Deals
Honeywell Profit Passes Forecast, Seeking Deals
Amazon Now Has Grocery Delivery in Brooklyn
Amazon Now Has Grocery Delivery in Brooklyn
Google Disappoints on Slowdown of Advertising Growth
Google Disappoints on Slowdown of Advertising Growth
Nestle Sales Growth Slows Spooking Investors
Nestle Sales Growth Slows Spooking Investors
Intel Earnings Grow in Third Quarter
Intel Earnings Grow in Third Quarter
Shares Down on Debut of Fiat Chrysler on NYSE
Shares Down on Debut of Fiat Chrysler on NYSE


Leave a Reply

Advertisement
Advertisement
© 2006-2014 Ticker Report. Google+.