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NYSE:SPG

Simon Property Group (SPG) Stock Price, News & Analysis

$150.17
+1.27 (+0.85%)
(As of 12:45 PM ET)
Today's Range
$148.18
$150.92
50-Day Range
$136.79
$149.97
52-Week Range
$100.17
$150.92
Volume
280,604 shs
Average Volume
1.56 million shs
Market Capitalization
$48.99 billion
P/E Ratio
21.51
Dividend Yield
5.06%
Price Target
$137.75

Simon Property Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.57 Rating Score
Upside/​Downside
8.2% Downside
$137.75 Price Target
Short Interest
Healthy
1.39% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.10
Upright™ Environmental Score
News Sentiment
1.31mentions of Simon Property Group in the last 14 days
Based on 14 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
3.74%
From $12.04 to $12.49 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.76 out of 5 stars

Finance Sector

370th out of 852 stocks

Real Estate Investment Trusts Industry

83rd out of 177 stocks


SPG stock logo

About Simon Property Group Stock (NYSE:SPG)

Simon is a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE: SPG). Our properties across North America, Europe and Asia provide community gathering places for millions of people every day and generate billions in annual sales.

SPG Stock Price History

SPG Stock News Headlines

Higher VIX just made Realty Income’s 6% dividend better (SPG)
Realty Income stock could soon attract a new flow of investors, the same ones that just booked a 50% profit on this other REIT, finding more safety here.
Analysts jumped on this stock ahead of earnings; markets love it (SPG)
Simon Property Group is a REIT stock attracting lots of market - and analyst - interest to it, willing to boost targets and overpay for the underlying property
An Unusual Way to Invest in Gold
Most financial experts recommend including gold in your investment mix to protect against rising prices and keep wealth secure. Investors are discovering a little-known way to benefit from gold, which offers the chance to gain from higher gold prices and mining successes while avoiding the costs of operating mines.
Simon Property Group (NYSE:SPG) Authorizes Share Buyback Plan
Americans Now Favor Gold Over Stocks as an Investment Vehicle
Americans now consider gold a better long-term investment than stocks for the first time since 2013. But physical gold requires storage and insurance, and gold mining stocks come with significant risks. Fortunately, investors have found a little-known way to benefit from gold that avoids many of these challenges.
Simon Property Group (NYSE:SPG) Sets New 52-Week High at $147.37
Simon Property Group, Inc.: Raising target
Invest Like Jeff Bezos With This Hack
Q4 2023 Simon Property Group Inc Earnings Call
Simon Property Group pops as Q4 results top estimates
Simon Property (SPG) Q4 FFO and Revenues Top Estimates
See More Headlines
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Company Calendar

Ex-Dividend for 12/29 Dividend
12/07/2023
Dividend Payable
12/29/2023
Last Earnings
2/05/2024
Today
2/21/2024
Ex-Dividend for 3/29 Dividend
3/07/2024
Dividend Payable
3/29/2024
Next Earnings (Estimated)
5/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Retail REITs
CUSIP
82880610
Employees
3,300
Year Founded
1993

Price Target and Rating

Average Stock Price Target
$137.75
High Stock Price Target
$172.00
Low Stock Price Target
$106.00
Potential Upside/Downside
-7.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57
Research Coverage
7 Analysts

Profitability

Net Income
$2.28 billion
Pretax Margin
41.06%

Debt

Sales & Book Value

Annual Sales
$5.66 billion
Cash Flow
$11.81 per share
Book Value
$10.58 per share

Miscellaneous

Free Float
298,255,000
Market Cap
$48.59 billion
Optionable
Optionable
Beta
1.65

Social Links

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Key Executives

Should I Buy Simon Property Group Stock? SPG Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Simon Property Group was last updated on Tuesday, February 20, 2024 at 10:28 PM.

Pros

Here are some ways that investors could benefit from investing in Simon Property Group, Inc.:

  • Simon Property Group, Inc. is a real estate investment trust with premier shopping, dining, and entertainment destinations across North America, Europe, and Asia, providing community gathering places for millions of people and generating billions in annual sales.
  • Simon Property Group, Inc. has a diverse portfolio of properties, including malls, outlets, and mixed-use developments, offering investors exposure to various segments of the real estate market.
  • Recent developments in the company's operations and expansion plans indicate a focus on growth and innovation, potentially leading to increased value for investors.
  • The current stock price of Simon Property Group, Inc. reflects market sentiment and investor confidence in the company's future prospects, presenting an opportunity for potential gains.
  • Simon Property Group, Inc. has a strong track record of success and stability in the real estate industry, providing investors with a reliable investment option.

Cons

Investors should be bearish about investing in Simon Property Group, Inc. for these reasons:

  • Spark Power Group Inc., not Simon Property Group, provides electrical contracting, operations, and maintenance services in Canada, which may lead to confusion or misinformation for investors.
  • The information retrieved from the database includes outdated data about Spark Power Group Inc. being taken private as of December 5, 2023, which is not relevant to Simon Property Group, Inc.
  • Investors should exercise caution when relying on data from the database, as it may contain inaccuracies or outdated information that could impact investment decisions.
  • Due to the nature of real estate investments, market conditions and economic factors can influence the performance of Simon Property Group, Inc. properties, leading to potential risks for investors.
  • While Simon Property Group, Inc. has a strong reputation in the industry, external factors such as changing consumer preferences or economic downturns could impact the company's financial performance and stock value.














SPG Stock Analysis - Frequently Asked Questions

Should I buy or sell Simon Property Group stock right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Simon Property Group in the last year. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" SPG shares.
View SPG analyst ratings
or view top-rated stocks.

What is Simon Property Group's stock price target for 2024?

7 equities research analysts have issued 1 year target prices for Simon Property Group's shares. Their SPG share price targets range from $106.00 to $172.00. On average, they anticipate the company's stock price to reach $137.75 in the next twelve months. This suggests that the stock has a possible downside of 8.2%.
View analysts price targets for SPG
or view top-rated stocks among Wall Street analysts.

How have SPG shares performed in 2024?

Simon Property Group's stock was trading at $142.64 at the beginning of the year. Since then, SPG stock has increased by 5.2% and is now trading at $150.07.
View the best growth stocks for 2024 here
.

When is Simon Property Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our SPG earnings forecast
.

How were Simon Property Group's earnings last quarter?

Simon Property Group, Inc. (NYSE:SPG) announced its quarterly earnings results on Monday, February, 5th. The real estate investment trust reported $2.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.34 by $1.05. The real estate investment trust had revenue of $1.53 billion for the quarter, compared to analysts' expectations of $1.38 billion. Simon Property Group had a trailing twelve-month return on equity of 70.97% and a net margin of 42.30%. The firm's revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.15 EPS.
Read the conference call transcript
.

How often does Simon Property Group pay dividends? What is the dividend yield for Simon Property Group?

Simon Property Group declared a quarterly dividend on Monday, February 5th. Investors of record on Friday, March 8th will be paid a dividend of $1.95 per share on Friday, March 29th. This represents a $7.80 annualized dividend and a dividend yield of 5.20%. The ex-dividend date is Thursday, March 7th. This is an increase from the stock's previous quarterly dividend of $1.90.
Read our dividend analysis for SPG
.

Is Simon Property Group a good dividend stock?

Simon Property Group (NYSE:SPG) pays an annual dividend of $7.60 per share and currently has a dividend yield of 5.07%. SPG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 108.88%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, SPG will have a dividend payout ratio of 60.85% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SPG.

How will Simon Property Group's stock buyback program work?

Simon Property Group declared that its Board of Directors has authorized a share repurchase plan on Thursday, February 8th 2024, which permits the company to repurchase $2,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 4.2% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board believes its shares are undervalued.

What guidance has Simon Property Group issued on next quarter's earnings?

Simon Property Group issued an update on its FY 2024 earnings guidance on Monday, February, 5th. The company provided EPS guidance of 11.850-12.100 for the period, compared to the consensus EPS estimate of 12.200. The company issued revenue guidance of -.

What is David Simon's approval rating as Simon Property Group's CEO?

197 employees have rated Simon Property Group Chief Executive Officer David Simon on Glassdoor.com. David Simon has an approval rating of 44% among the company's employees. This puts David Simon in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Simon Property Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Simon Property Group investors own include AT&T (T), AbbVie (ABBV), Exxon Mobil (XOM), Intel (INTC), Johnson & Johnson (JNJ), Walt Disney (DIS), Pfizer (PFE), Verizon Communications (VZ), Cisco Systems (CSCO) and NVIDIA (NVDA).

Who are Simon Property Group's major shareholders?

Simon Property Group's stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (14.01%), Cohen & Steers Inc. (7.04%), Norges Bank (5.50%), Daiwa Securities Group Inc. (1.51%), Legal & General Group Plc (1.51%) and Dimensional Fund Advisors LP (1.42%). Insiders that own company stock include Brian J Mcdade, J Albert Smith Jr, Karen N Horn, Marta R Stewart, Peggy Fang Roe, Reuben S Leibowitz and Simon Property Group Inc /De/.
View institutional ownership trends
.

How do I buy shares of Simon Property Group?

Shares of SPG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:SPG) was last updated on 2/21/2024 by MarketBeat.com Staff