Simon Property Group Company Profile (NYSE:SPG)

About Simon Property Group

Simon Property Group logoSimon Property Group, Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company owns, develops and manages retail real estate properties, which consist primarily of malls, Premium Outlets and The Mills. Simon Property Group, L.P. (Operating Partnership), is the Company's partnership subsidiary that owns all of its real estate properties and other assets. The Company owns an interest in approximately 210 income-producing properties in the United States, which consists of approximately 110 malls, 70 Premium Outlets, 15 Mills and 12 other retail properties in over 35 states and Puerto Rico. The Company also owns The Mills at Jersey Gardens in Elizabeth, New Jersey, and University Park Village in Fort Worth, Texas. The Company is involved in redevelopment and expansion projects, including the addition of anchors and big box tenants, underway at approximately 25 properties in the United States.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: REIT - Retail
  • Sub-Industry: Retail REITs
  • Exchange: NYSE
  • Symbol: SPG
  • CUSIP: 82880610
Key Metrics:
  • Previous Close: $207.58
  • 50 Day Moving Average: $213.33
  • 200 Day Moving Average: $209.82
  • 52-Week Range: $176.11 - $229.10
  • Trailing P/E Ratio: 36.87
  • Foreward P/E Ratio: 17.73
  • P/E Growth: 2.58
  • Market Cap: $65.23B
  • Outstanding Shares: 314,231,000
  • Beta: 0.76
Profitability:
  • Net Margins: 34.03%
  • Return on Equity: 34.61%
  • Return on Assets: 5.86%
Debt:
  • Debt-to-Equity Ratio: 4.35%
  • Current Ratio: 1.23%
  • Quick Ratio: 1.23%
Additional Links:
Companies Related to Simon Property Group:

Analyst Ratings

Consensus Ratings for Simon Property Group (NYSE:SPG) (?)
Ratings Breakdown: 3 Hold Ratings, 12 Buy Ratings
Consensus Rating:Buy (Score: 2.80)
Consensus Price Target: $235.82 (13.61% upside)

Analysts' Ratings History for Simon Property Group (NYSE:SPG)
Show:
DateFirmActionRatingPrice TargetDetails
9/16/2016Canaccord GenuityReiterated RatingBuyView Rating Details
8/25/2016BTIG ResearchInitiated CoverageBuy$266.00View Rating Details
8/17/2016Deutsche Bank AGBoost Price TargetBuy$232.00 -> $233.00View Rating Details
8/11/2016ArgusSet Price TargetBuy$235.00 -> $245.00View Rating Details
8/3/2016MizuhoDowngradeBuy -> Neutral$238.00View Rating Details
8/2/2016RBC Capital MarketsDowngradeOutperform -> Sector Perform$220.00 -> $230.00View Rating Details
8/2/2016Royal Bank Of CanadaDowngradeOutperform -> Sector Perform$220.00 -> $230.00View Rating Details
8/1/2016Stifel NicolausBoost Price TargetBuy$232.00 -> $240.00View Rating Details
6/13/2016Goldman Sachs Group Inc.DowngradeConviction-Buy -> Buy$243.00 -> $236.00View Rating Details
4/27/2016Jefferies GroupReiterated RatingBuyView Rating Details
4/1/2016Citigroup Inc.Boost Price TargetBuy$214.00 -> $235.00View Rating Details
3/21/2016Evercore ISIBoost Price TargetBuy$213.00 -> $220.00View Rating Details
1/29/2016Raymond James Financial Inc.Lower Price Target$235.00 -> $220.00View Rating Details
1/12/2016Cowen and CompanyReiterated RatingOutperform$241.00View Rating Details
12/4/2015Boenning ScattergoodInitiated CoverageOutperform$230.00View Rating Details
11/2/2015Barclays PLCBoost Price TargetOverweight$233.00 -> $245.00View Rating Details
10/16/2015Morgan StanleyBoost Price Target$217.00 -> $220.00View Rating Details
9/8/2015Evercore Partners Inc.Lower Price TargetBuy$210.00 -> $205.00View Rating Details
7/3/2015Credit Suisse Group AGReiterated RatingOutperform$230.00View Rating Details
4/26/2015MLV & Co.Reiterated RatingHold$207.00View Rating Details
4/6/2015JPMorgan Chase & Co.Reiterated RatingOverweight$215.00View Rating Details
3/16/2015SunTrust Banks Inc.Lower Price TargetBuy$225.00 -> $220.00View Rating Details
1/14/2015Wells Fargo & Co.UpgradeOverweightView Rating Details
(Data available from 9/29/2014 forward)

Earnings

Earnings History for Simon Property Group (NYSE:SPG)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/25/2016        
7/27/2016Q216$2.62$2.63$1.33 billion$1.32 billionViewListenView Earnings Details
4/26/2016Q116$2.54$2.63$1.26 billion$1.34 billionViewListenView Earnings Details
1/29/2016Q415$2.40$2.40$1.38 billion$1.38 billionViewListenView Earnings Details
10/27/2015Q315$2.47$2.54$1.30 billion$1.32 billionViewListenView Earnings Details
7/24/2015Q215$2.35$2.63$1.24 billion$1.35 billionViewListenView Earnings Details
4/24/2015Q115$2.26$2.28$1.22 billion$1.22 billionViewListenView Earnings Details
1/30/2015Q414$2.47$2.47$1.31 billion$1.30 billionViewListenView Earnings Details
10/22/2014Q314$1.95$1.90$1.19 billion$1.23 billionViewListenView Earnings Details
7/23/2014Q214$2.13$2.16$1.25 billion$1.18 billionViewListenView Earnings Details
4/22/2014Q114$2.24$2.38$1.30 billion$1.32 billionViewListenView Earnings Details
1/31/2014Q413$2.42$2.47$1.39 billion$1.42 billionViewListenView Earnings Details
10/25/2013Q313$2.16$2.21$1.30 billionViewListenView Earnings Details
7/29/2013Q213$2.07$2.11$1.24 billion$1.24 billionViewListenView Earnings Details
4/26/2013Q113$2.00$2.05$1.19 billion$1.22 billionViewListenView Earnings Details
2/4/2013Q4 2012$2.16$2.29$1.29 billion$13.44 billionViewListenView Earnings Details
10/25/2012$1.92$1.99ViewN/AView Earnings Details
7/24/2012$1.81$1.89ViewN/AView Earnings Details
4/27/2012$1.67$1.82ViewN/AView Earnings Details
2/3/2012$1.91$1.91ViewN/AView Earnings Details
10/25/2011$1.66$1.71ViewN/AView Earnings Details
4/29/2011$1.54$1.61ViewN/AView Earnings Details
2/4/2011$1.74$1.75ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Simon Property Group (NYSE:SPG)
Current Year EPS Consensus Estimate: $10.86 EPS
Next Year EPS Consensus Estimate: $11.71 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20161$2.55$2.55$2.55
Q2 20162$2.61$2.63$2.62
Q3 20162$2.67$2.72$2.70
Q4 20162$2.88$2.90$2.89
Q1 20171$2.69$2.69$2.69
Q2 20171$2.83$2.83$2.83
Q3 20171$2.93$2.93$2.93
Q4 20171$3.16$3.16$3.16
Q1 20181$2.94$2.94$2.94
Q2 20181$3.07$3.07$3.07
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Simon Property Group (NYSE:SPG)
Annual Dividend:$6.60
Dividend Yield:3.18%
Dividend Growth:13.80% (3 Year Average)
Payout Ratio:117.23% (Based on Trailing 12 Months of Earnings)
60.77% (Based on Current Year Consensus EPS Estimate)
56.36% (Based on Next Year Consensus EPS Estimate)
Track Record:6 Years of Consecutive Dividend Growth

Dividend History for Simon Property Group (NYSE:SPG)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
7/27/2016quarterly$1.652.98%8/15/20168/17/20168/31/2016
4/26/2016quarterly$1.603.13%5/13/20165/17/20165/31/2016
1/29/2016quarterly$1.603.41%2/10/20162/12/20162/29/2016
10/27/2015quarterly$1.603.11%11/12/201511/16/201511/30/2015
7/24/2015quarterly$1.553.36%8/13/20158/17/20158/31/2015
4/24/2015quarterly$1.503.16%5/13/20155/15/20155/29/2015
2/2/2015quarterly$1.402.81%2/11/20152/13/20152/27/2015
10/22/2014quarterly$1.303.02%11/12/201411/14/201411/28/2014
7/23/2014quarterly$1.303.08%8/13/20148/15/20148/29/2014
4/22/2014quarterly$1.303.05%5/14/20145/16/20145/30/2014
1/31/2014quarterly$1.253.31%2/12/20142/14/20142/28/2014
10/25/2013quarterly$1.203.01%11/13/201311/15/201311/29/2013
7/29/2013quarterly$1.152.82%8/14/20138/16/20138/30/2013
4/26/2013quarterly$1.152.61%5/15/20135/17/20135/31/2013
2/4/2013quarterly$1.152.84%2/12/20132/14/20132/28/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Simon Property Group (NYSE:SPG)
Insider Ownership Percentage: 8.50%
Institutional Ownership Percentage: 98.56%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
9/1/2016Steven K BroadwaterSVPSell945$215.41$203,562.45View SEC Filing  
8/29/2016Andrew JusterCFOSell7,000$215.68$1,509,760.00View SEC Filing  
4/28/2016Allan B HubbardDirectorBuy136$204.92$27,869.12View SEC Filing  
3/21/2016David J ContisEVPSell11,000$202.63$2,228,930.00View SEC Filing  
12/22/2015Allan B HubbardDirectorBuy145$192.70$27,941.50View SEC Filing  
8/18/2015Steven K BroadwaterCAOSell1,489$194.17$289,119.13View SEC Filing  
12/24/2014John RulliEVPSell5,400$186.28$1,005,912.00View SEC Filing  
12/23/2014Stephen E SterrettCFOSell9,369$186.21$1,744,601.49View SEC Filing  
12/22/2014Andrew JusterEVPSell7,500$185.51$1,391,325.00View SEC Filing  
6/26/2014Steven K BroadwaterCAOSell1,370$165.88$227,255.60View SEC Filing  
3/5/2014David ContisEVPSell4,000$164.27$657,080.00View SEC Filing  
12/27/2013Stephen SterrettCFOSell8,955$153.14$1,371,368.70View SEC Filing  
12/26/2013James BarkleyGeneral CounselSell4,000$154.40$617,600.00View SEC Filing  
3/12/2013Larry C GlasscockDirectorBuy1,500$159.99$239,985.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Simon Property Group (NYSE:SPG)
DateHeadline
publicnow.com logoSimon Goes More Than Pink™ With Susan G. Komen® To Reduce Breast Cancer Deaths By 50 Percent In The Next Ten Years (NYSE:SPG)
www.publicnow.com - September 29 at 12:49 PM
News IconA look at a High Market Cap Stock: Simon Property Group Inc., SPG - The Daily Leicester (NYSE:SPG)
thedailyleicester.com - September 28 at 12:37 PM
finance.yahoo.com logoSimon to Bring French Retailers at Stanford Shopping Center (NYSE:SPG)
finance.yahoo.com - September 28 at 12:37 PM
4-traders.com logoSimon Property : Mall Owners Go on Defensive to Rescue Aéropostale (NYSE:SPG)
www.4-traders.com - September 27 at 12:00 PM
News IconTop Gainers of the Day: Simon Property Group Inc. (NYSE:SPG) from REIT – Retail (NYSE:SPG)
twincountynews.com - September 27 at 12:00 PM
News Icon2 Stocks Analyst-Opinion Need Close Attention Simon Property Group Inc (NYSE:SPG), Tesla Motors Inc (NASDAQ ... - The Voice Registrar (NYSE:SPG)
voiceregistrar.com - September 26 at 7:26 PM
News IconThe Mall's Not Dead (NYSE:SPG)
news.morningstar.com - September 26 at 10:37 AM
News IconPosition Changed: Simon Property Group INC (SPG) Stock Price ... - Chester News (NYSE:SPG)
www.chesterindependent.com - September 25 at 12:31 PM
News IconREIT – Retail: Simon Property Group Inc. (NYSE:SPG) Position of the day (NYSE:SPG)
twincountynews.com - September 23 at 11:49 AM
bizjournals.com logoAeropostale’s consortium owners just created a new retail model (NYSE:SPG)
www.bizjournals.com - September 22 at 11:57 AM
investornewswire.com logoSimon Property Group, Inc. (NYSE:SPG): Fetches Consensus Rating ... - Investor Newswire (NYSE:SPG)
www.investornewswire.com - September 21 at 6:56 PM
News IconSimon Property Group Inc. (NYSE:SPG) To Report September 2016 Results - The Voice Registrar (NYSE:SPG)
voiceregistrar.com - September 21 at 6:56 PM
investors.com logoUnearth 'Hidden Gems' With Rich Yields In The New Real Estate Sector (NYSE:SPG)
www.investors.com - September 21 at 6:56 PM
News IconLeading stocks in today’s market: Simon Property Group Inc. (NYSE:SPG) (NYSE:SPG)
twincountynews.com - September 21 at 11:31 AM
publicnow.com logoSimon Property Group Schedules Third Quarter 2016 Earnings Release And Conference Call (NYSE:SPG)
www.publicnow.com - September 21 at 11:31 AM
News IconBrokers Concerns on Analysts' Opinion- Navient Corporation ... - Seneca Globe (NYSE:SPG)
www.senecaglobe.com - September 20 at 11:34 AM
News IconHigh Market Cap Stock of the Day – Simon Property Group Inc. (NYSE:SPG) (NYSE:SPG)
twincountynews.com - September 19 at 7:20 PM
finance.yahoo.com logo9 Stocks Chris Davis Keeps Buying (NYSE:SPG)
finance.yahoo.com - September 19 at 7:20 PM
News IconIs Simon Property Group Inc. (NYSE:SPG), a large market cap stock a smart buy? (NYSE:SPG)
twincountynews.com - September 17 at 11:50 AM
finance.yahoo.com logoVon Maur Department Store Opens Third Location in Georgia (NYSE:SPG)
finance.yahoo.com - September 17 at 11:50 AM
streetinsider.com logoAéropostale Acquisition Finalized (SPG) (GGP) - StreetInsider.com - StreetInsider.com (NYSE:SPG)
www.streetinsider.com - September 16 at 7:08 PM
feeds.reuters.com logoBRIEF-Aéropostale consortium finalizes acquisition (NYSE:SPG)
feeds.reuters.com - September 15 at 7:55 PM
News IconRussell Frank Co Decreased Stake in Simon Ppty Group INC New Com (NYSE:SPG) by $38.45 Million as Shares Rose - Chester News (NYSE:SPG)
www.chesterindependent.com - September 15 at 7:30 PM
News IconAnalysts Valuations For Two Stocks: Abbott Laboratories (NYSE:ABT), Simon Property Group Inc (NYSE:SPG) - The Voice Registrar (NYSE:SPG)
voiceregistrar.com - September 15 at 7:30 PM
finance.yahoo.com logoAéropostale Consortium Finalizes Acquisition (NYSE:SPG)
finance.yahoo.com - September 15 at 7:30 PM
thecountrycaller.com logoTesla Motors Inc Installs Powerpack System At Simon Property Group Inc Location (NYSE:SPG)
www.thecountrycaller.com - September 15 at 11:03 AM
News IconSimon Property Group, Inc. (NYSE:SPG): How Are Analysts Advising to Play This Stock? - Post News (NYSE:SPG)
www.kentuckypostnews.com - September 14 at 7:34 PM
News IconAnalysts Valuations For Two Stocks: Simon Property Group Inc (NYSE:SPG), SYSCO Corporation (NYSE:SYY) - The Voice Registrar (NYSE:SPG)
voiceregistrar.com - September 14 at 7:34 PM
nasdaq.com logoJanuary 2019 Options Now Available For Simon Property Group - Nasdaq (NYSE:SPG)
www.nasdaq.com - September 13 at 12:17 PM
seekingalpha.com logoSimon Property's Premium Valuation Is Costing Income Investors Their Dividend Yields (NYSE:SPG)
seekingalpha.com - September 12 at 12:06 PM
nasdaq.com logoJanuary 2019 Options Now Available For Simon Property Group (NYSE:SPG)
www.nasdaq.com - September 12 at 12:06 PM
finance.yahoo.com logoNobu And Fig & Olive Slated To Open Only Locations In Houston At The Galleria (NYSE:SPG)
finance.yahoo.com - September 12 at 12:06 PM
finance.yahoo.com logoAeropostale Bankruptcy Judge to Approve $243 Million Asset Sale (NYSE:SPG)
finance.yahoo.com - September 12 at 12:06 PM
investors.com logoOil ETF Strength Continues As Broad Stock Market Wavers (NYSE:SPG)
www.investors.com - September 8 at 7:03 PM
News IconToday's Top Gainers in the Market Simon Property Group Inc. (NYSE:SPG) from Financial - The Daily Leicester (NYSE:SPG)
thedailyleicester.com - September 8 at 11:15 AM
publicnow.com logoSuper Group ranked 6th in Financial Mail Top 20 Companies Report (NYSE:SPG)
www.publicnow.com - September 8 at 11:15 AM
capitalcube.com logoSimon Property Group, Inc. breached its 50 day moving average in a Bullish Manner : SPG-US : September 8, 2016 (NYSE:SPG)
www.capitalcube.com - September 8 at 11:15 AM
News IconPlacing Simon Property Group, Inc. (NYSE:SPG) Shares Under the Microscope - Post News (NYSE:SPG)
www.kentuckypostnews.com - September 7 at 7:31 PM
News IconStock Trading Above Moving Averages: Simon Property Group Inc. (NYSE:SPG) - Post News (NYSE:SPG)
www.kentuckypostnews.com - September 7 at 7:31 PM
fidaily.com logoInsider Trading Activity – Simon Property Group, Inc. Comm (NYSE:SPG) (NYSE:SPG)
www.fidaily.com - September 6 at 7:33 PM
wsj.com logo[$$] Hudson's Bay Swings to Quarterly Loss But Sales Surge (NYSE:SPG)
www.wsj.com - September 6 at 7:33 PM
News IconIs Simon Property Group Inc. (NYSE:SPG), a large market cap stock a smart buy? - Twin County News (NYSE:SPG)
twincountynews.com - September 6 at 11:42 AM
publicnow.com logoSimon and Condé Nast to Issue 2016 Edition of Lifestyle Publication Simon Magazine (NYSE:SPG)
www.publicnow.com - September 6 at 11:42 AM
News IconA look at a High Market Cap Stock: Simon Property Group Inc., SPG ... - The Daily Leicester (NYSE:SPG)
thedailyleicester.com - September 2 at 7:19 PM
News IconLong Term Growth Shares in Review: Simon Property Group Inc. (NYSE:SPG) - Post News (NYSE:SPG)
www.kentuckypostnews.com - September 2 at 7:19 PM
News IconShare Valuation Review for Simon Property Group Inc. (NYSE:SPG) - Post News (NYSE:SPG)
www.kentuckypostnews.com - September 2 at 7:19 PM
News IconSimon Property, General Growth Group wins Aéropostale auction (NYSE:SPG)
www.crainsnewyork.com - September 2 at 12:18 PM
wsj.com logo[$$] Teen Retailer Aeropostale Avoids Bankruptcy Liquidation (NYSE:SPG)
www.wsj.com - September 2 at 12:18 PM
News IconAéopostale gets bid to keep 229 stores open (NYSE:SPG)
www.crainsnewyork.com - August 31 at 12:49 PM
News IconAnalysts Valuations For Two Stocks: Kraft Heinz Co (NASDAQ:KHC), Simon Property Group Inc (NYSE:SPG) - The Voice Registrar (NYSE:SPG)
voiceregistrar.com - August 30 at 7:20 PM

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Simon Property Group (NYSE:SPG) Chart for Thursday, September, 29, 2016


Last Updated on 9/29/2016 by MarketBeat.com Staff