If You Invested $10,000 In Simon Property Stock 10 Years Ago, How Much Would You Have Now?
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
Simon Property Group (NYSE:SPG) owns, develops and manages premier shopping, dining, entertainment and mixed-use destinations, primarily malls, Premium Outlets, The Mills and International Properties.
It is set to report its Q4 2024 earnings on Feb. 3, 2025. Wall Street analysts expect the company to post an EPS of $3.38, down from $3.69 in the year-ago period. According to Benzinga Pro, quarterly revenue is expected to reach $1.38 billion, down from $1.53 billion in the previous year.
Don’t Miss:
The company’s stock traded at approximately $178.87 per share 10 years ago. If you had invested $10,000, you could have bought roughly 56 shares. Currently, shares trade at $180.91, meaning your investment’s value could have grown to $10,114 from stock price appreciation alone. However, Simon Property also paid dividends during these 10 years.
Simon Property’s dividend yield is currently 4.64%. Over the last 10 years, it has paid about $69.60 in dividends per share, which means you could have made $3,891 from dividends alone.
Summing up $10,114 and $3,891, we end up with the final value of your investment, which is $14,005. This is how much you could have made if you had invested $10,000 in Simon Property stock 10 years ago. This means a total return of 40.05%. However, this figure is significantly less than the S&P 500 total return for the same period, which was 225.72%.
Trending: Over the last five years, the price of gold has increased by approximately 83% — Investors like Bill O’Reilly and Rudy Giuliani are using this platform to create customized gold IRAs to help shield their savings from inflation and economic turbulence.
Simon Property has a consensus rating of “Buy” and a price target of $145.74 based on the ratings of 19 analysts. The price target implies more than 19% potential downside from the current stock price.
On Nov. 1, the company announced its Q3 2024 earnings, posting an FFO of $2.84, missing the consensus estimate of $3.03. Revenues of $1.481 billion came in above the consensus of $1.325 billion, as reported by Benzinga.
Leave a Reply