Simon Property (SPG, $55.50) to open more than half of its outlets by next week.
Simon Property Group announced that more than half of its outlets will be open by next week. The mall operator also said that it will continue paying out dividends to shareholders.
The coronavirus crisis compelled Simon to close more than 200 of its properties .The company reported a -20% decline in quarterly earnings, and withdrew its full-year profit guidance.
But as of now, around 77 have been re-opened in states that have eased lockdown restrictions, and a least half will be up-and-running by next week - the company said.
CEO David Simon said that the Board will announce a second quarter dividend before the end of June and that dividend will be paid in cash. "We expect to pay out at least 100% of our taxable income in 2020 in cash", said Simon.
SPG in upward trend: price may jump up because it broke its lower Bollinger Band on April 03, 2025
SPG may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 28 cases where SPG's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where SPG's RSI Indicator exited the oversold zone, of 18 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on April 21, 2025. You may want to consider a long position or call options on SPG as a result. In of 99 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for SPG just turned positive on April 17, 2025. Looking at past instances where SPG's MACD turned positive, the stock continued to rise in of 45 cases over the following month. The odds of a continued upward trend are .
SPG moved above its 50-day moving average on May 08, 2025 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SPG advanced for three days, in of 327 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 13 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The 50-day moving average for SPG moved below the 200-day moving average on April 25, 2025. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SPG declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for SPG entered a downward trend on April 11, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 74, placing this stock better than average.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. SPG’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: SPG's P/B Ratio (16.779) is very high in comparison to the industry average of (1.987). P/E Ratio (21.989) is within average values for comparable stocks, (62.654). Projected Growth (PEG Ratio) (8.059) is also within normal values, averaging (7.058). Dividend Yield (0.049) settles around the average of (0.070) among similar stocks. P/S Ratio (8.865) is also within normal values, averaging (7.141).
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a real estate investment trust
Industry RealEstateInvestmentTrusts