(SPG) Simon Property - Ratings and Ratios

Simon Property Group Inc (NYSE:SPG) is a leading real estate investment trust (REIT) that specializes in owning, developing, and managing high-end shopping, dining, and entertainment destinations across the globe. The companys diverse portfolio comprises malls, Premium Outlets, The Mills, and International Properties, with a total of 229 properties spanning 183 million square feet across North America, Asia, and Europe.

As a major player in the retail REIT sector, Simon Property Group has a significant presence in the global market, with a substantial stake in The Taubman Realty Group (TRG), which owns 22 regional and super-regional malls in the US and Asia. Additionally, the company holds a 22.4% ownership interest in Klepierre, a prominent European real estate company with a portfolio of shopping centers in 14 countries.

From a technical analysis perspective, Simon Property Groups stock has been exhibiting a relatively stable trend, with its 20-day simple moving average (SMA) at $162.06 and 50-day SMA at $158.48, indicating a potential bullish crossover. However, the stock is currently trading below its 200-day SMA of $167.11, suggesting a longer-term bearish trend. The average true range (ATR) is 3.94, representing a 2.42% volatility.

Fundamentally, Simon Property Groups market capitalization stands at $59.1 billion, with a price-to-earnings (P/E) ratio of 24.92 and a forward P/E of 26.81. The companys return on equity (RoE) is an impressive 73.28%, indicating strong profitability.

Based on the technical and fundamental data, a forecast for Simon Property Groups stock could be as follows: Given the current technical indicators and fundamental strengths, we can expect the stock to experience a moderate increase in the short term, potentially reaching $170-$175 per share. However, the longer-term trend remains uncertain due to the stocks position relative to its 200-day SMA. If the company continues to demonstrate strong profitability and the retail REIT sector experiences a favorable market environment, the stock could potentially reach $190-$200 per share within the next 12-18 months.