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Simon Property (SPG) Gains As Market Dips: What You Should Know

Simon Property (SPG) closed the most recent trading day at $89.03, moving +1.91% from the previous trading session. This change outpaced the S&P 500's 0.21% loss on the day. At the same time, the Dow lost 0.43%, and the tech-heavy Nasdaq gained 0.03%.

Prior to today's trading, shares of the shopping mall real estate investment trust had lost 15.72% over the past month. This has lagged the Finance sector's loss of 9.32% and the S&P 500's loss of 9.7% in that time.

Investors will be hoping for strength from Simon Property as it approaches its next earnings release. The company is expected to report EPS of $2.94, down 6.07% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $1.34 billion, up 3.43% from the prior-year quarter.

For the full year, our Zacks Consensus Estimates are projecting earnings of $11.66 per share and revenue of $5.31 billion, which would represent changes of -2.35% and +3.8%, respectively, from the prior year.

Any recent changes to analyst estimates for Simon Property should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.14% lower within the past month. Simon Property is holding a Zacks Rank of #3 (Hold) right now.

Digging into valuation, Simon Property currently has a Forward P/E ratio of 7.49. For comparison, its industry has an average Forward P/E of 11.56, which means Simon Property is trading at a discount to the group.

It is also worth noting that SPG currently has a PEG ratio of 1.65. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. REIT and Equity Trust - Retail stocks are, on average, holding a PEG ratio of 1.7 based on yesterday's closing prices.

The REIT and Equity Trust - Retail industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 71, which puts it in the top 29% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.


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