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: $184.99
  • 50 Day Moving Average: $182.83
  • 200 Day Moving Average: $192.78
  • 52-Week Range: $173.11 - $229.10
  • Trailing P/E Ratio: 31.51
  • Foreward P/E Ratio: 27.24
  • P/E Growth: 2.88
  • Market Cap: $58.13B
  • Outstanding Shares: 314,237,000
  • Beta: 0.6
Profitability:
  • Net Margins: 35.11%
  • Return on Equity: 39.00%
  • Return on Assets: 6.46%
Debt:
  • Debt-to-Equity Ratio: 4.67%
  • Current Ratio: 1.01%
  • Quick Ratio: 1.16%
Additional Links:
Companies Related to Simon Property Group:

Analyst Ratings

Consensus Ratings for Simon Property Group (NYSE:SPG) (?)
Ratings Breakdown: 5 Hold Ratings, 9 Buy Ratings
Consensus Rating:Buy (Score: 2.64)
Consensus Price Target: $228.62 (23.58% upside)

Analysts' Ratings History for Simon Property Group (NYSE:SPG)
Show:
DateFirmActionRatingPrice TargetDetails
2/1/2017BTIG ResearchReiterated RatingBuy$231.00View Rating Details
1/23/2017Barclays PLCLower Price TargetOverweight$247.00 -> $202.00View Rating Details
1/19/2017SunTrust Banks, Inc.DowngradeBuy -> HoldView Rating Details
1/9/2017Deutsche Bank AGDowngradeBuy -> Hold$231.00 -> $188.00View Rating Details
1/7/2017Canaccord GenuityReiterated RatingBuyView Rating Details
1/3/2017RBC Capital MarketsReiterated RatingHold$216.00View Rating Details
11/1/2016Royal Bank Of CanadaLower Price TargetSector Perform$230.00 -> $216.00View Rating Details
10/23/2016Jefferies Group LLCReiterated RatingBuy$255.00View Rating Details
8/11/2016ArgusSet Price TargetBuy$235.00 -> $245.00View Rating Details
8/3/2016MizuhoDowngradeBuy -> Neutral$238.00View Rating Details
8/1/2016Stifel NicolausBoost Price TargetBuy$232.00 -> $240.00View Rating Details
6/13/2016Goldman Sachs Group, Inc. (The)DowngradeConviction-Buy -> Buy$243.00 -> $236.00View 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
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 GroupReiterated RatingOutperform$230.00View Rating Details
4/26/2015MLV & Co.Reiterated RatingHold$207.00View Rating Details
4/6/2015J P Morgan Chase & CoReiterated RatingOverweight$215.00View Rating Details
(Data available from 2/24/2015 forward)

Earnings

Earnings History for Simon Property Group (NYSE:SPG)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
4/24/2017        
1/31/2017Q416$1.48$2.53$1.46 billion$1.43 billionViewListenView Earnings Details
10/26/2016Q316$2.68$2.70$1.35 billion$1.36 billionViewListenView Earnings Details
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: $6.49 EPS
Next Year EPS Consensus Estimate: $6.79 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$2.50$2.88$2.69
Q1 20171$2.72$2.72$2.72
Q2 20171$2.83$2.83$2.83
Q3 20171$2.91$2.91$2.91
Q4 20171$3.06$3.06$3.06
Q1 20181$2.94$2.94$2.94
Q2 20181$3.05$3.05$3.05
Q3 20181$3.13$3.13$3.13
Q4 20181$3.30$3.30$3.30
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Simon Property Group (NYSE:SPG)
Annual Dividend:$7.00
Dividend Yield:3.78%
Dividend Growth:11.80% (3 Year Average)
Payout Ratio:119.25% (Based on Trailing 12 Months of Earnings)
107.86% (Based on Current Year Consensus EPS Estimate)
103.09% (Based on Next Year Consensus EPS Estimate)
Track Record:7 Years of Consecutive Dividend Growth

Dividend History for Simon Property Group (NYSE:SPG)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
1/31/2017quarterly$1.753.86%2/10/20172/14/20172/28/2017
10/26/2016quarterly$1.653.61%11/14/201611/16/201611/30/2016
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: 97.40%
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
News IconThe BTIG Research Reiterates Buy Rating for Simon Property Group, Inc. (SPG) (NYSE:SPG)
oakridgeobserver.com - February 23 at 8:07 PM
News IconSimon Property Group Inc (NYSE:SPG)
prensariotiretail.com - February 23 at 8:07 PM
schaeffersresearch.com logo2 Real Estate Stocks with Cheap Options - Schaeffers Research (blog) (NYSE:SPG)
www.schaeffersresearch.com - February 23 at 1:10 AM
News IconEarnings According to Analysts for Simon Property Group, Inc. (NYSE:SPG)? - Aiken Advocate (NYSE:SPG)
aikenadvocate.com - February 23 at 1:10 AM
News IconToday Analysts Focus on Simon Property Group, Inc. (SPG), Norwegian Cruise Line Holdings Ltd. (NCLH) - StockNewsJournal (NYSE:SPG)
stocknewsjournal.com - February 23 at 1:10 AM
seekingalpha.com logoWhy I Added Simon Property Group To My Portfolio (NYSE:SPG)
seekingalpha.com - February 22 at 8:08 PM
News IconSPG October 20th Options Begin Trading (NYSE:SPG)
www.stockoptionschannel.com - February 21 at 4:57 PM
News IconWhat Analysts are Predicting For Simon Property Group, Inc. (SPG), Norwegian Cruise Line Holdings Ltd. (NCLH)? - The USA Commerce (NYSE:SPG)
theusacommerce.com - February 20 at 8:48 AM
News IconTracking the Numbers on Shares of Simon Property Group, Inc. (NYSE:SPG) - Rives Journal (NYSE:SPG)
rivesjournal.com - February 17 at 7:27 PM
News IconAre Analysts Optimistic About Where Simon Property Group, Inc. (NYSE:SPG) is Heading? - Winfield Review (NYSE:SPG)
winfieldreview.com - February 17 at 7:27 PM
News IconTraders Secrets on Simon Property Group, Inc. (SPG), Advance Auto Parts, Inc. (AAP) - StockNewsJournal (NYSE:SPG)
stocknewsjournal.com - February 17 at 7:27 PM
News IconSADIF Analytics releases new summary due diligence report for Simon Property Group Inc ($SPG). (NYSE:SPG)
reports.pr-inside.com - February 16 at 7:43 PM
nasdaq.com logoKemper Corp Master Retirement Trust Buys HCP, Simon Property Group, Weingarten Realty ... (NYSE:SPG)
www.nasdaq.com - February 16 at 7:43 PM
marketexclusive.com logoSIMON PROPERTY GROUP,INC. (NYSE:SPG) Files An 8-K Other Events - Market Exclusive (NYSE:SPG)
marketexclusive.com - February 15 at 6:07 AM
finance.yahoo.com logo2:15 pm Simon Properties announces a 2-year extension of its $2 bln common stock repurchase program (NYSE:SPG)
finance.yahoo.com - February 15 at 6:07 AM
finance.yahoo.com logoSimon Property Group Announces 2 Year Extension Of Its $2 Billion Common Stock Repurchase Program (NYSE:SPG)
finance.yahoo.com - February 15 at 6:07 AM
bizjournals.com logoWhat’s behind those retailers closing at SouthPark mall? (NYSE:SPG)
www.bizjournals.com - February 15 at 6:07 AM
biz.yahoo.com logoSIMON PROPERTY GROUP INC /DE/ Files SEC form 8-K, Other Events, Financial Statements and Exhibits (NYSE:SPG)
biz.yahoo.com - February 15 at 6:07 AM
forbes.com logo4 REITs For Retirement (NYSE:SPG)
www.forbes.com - February 13 at 8:09 AM
us.rd.yahoo.com logoSimon Property Group: A Premier REIT (NYSE:SPG)
us.rd.yahoo.com - February 11 at 3:20 AM
News IconDuff Phelps Investment Management Co Cuts Position in Simon Property Group Inc (SPG) by $176635528 - Highland Mirror (NYSE:SPG)
www.highlandmirror.com - February 10 at 4:42 AM
nasdaq.com logoSimon Property Group, Inc. (SPG) Ex-Dividend Date Scheduled for February 10, 2017 - Nasdaq (NYSE:SPG)
www.nasdaq.com - February 10 at 4:42 AM
News IconREIT – Retail: Simon Property Group, Inc. (NYSE:SPG) Position of the day (NYSE:SPG)
twincountynews.com - February 8 at 6:15 AM
finance.yahoo.com logoInvest in the Largest REIT? (NYSE:SPG)
finance.yahoo.com - February 8 at 6:15 AM
fool.com logoWhy the Macy's-Hudson's Bay Co. Buyout Rumors Don't Make Sense (NYSE:SPG)
www.fool.com - February 6 at 8:18 AM
News IconLeading stocks in today’s market: Simon Property Group, Inc. (NYSE:SPG) (NYSE:SPG)
twincountynews.com - February 4 at 8:01 PM
News IconSimon Property Group, Inc. (NYSE:SPG) from REIT – Retail – Todays Top Gains (NYSE:SPG)
twincountynews.com - February 4 at 2:16 AM
us.rd.yahoo.com logoSimon Property Group Reports Fourth Quarter And Full Year 2016 Results And Raises Quarterly Dividend (NYSE:SPG)
us.rd.yahoo.com - February 2 at 3:38 AM
us.rd.yahoo.com logo8:34 am Simon Properties misses by $0.04, misses on revs; guides FY17 FFO below consensus; increases quarterly dividend 10% QoQ to $1.75/share (NYSE:SPG)
us.rd.yahoo.com - February 2 at 3:38 AM
sg.finance.yahoo.com logoSimon Property reports 4Q results (NYSE:SPG)
us.rd.yahoo.com - February 2 at 3:38 AM
finance.yahoo.com logoSimon Rolls Out Innovative Interactive Mapping To Its Digital Channels (NYSE:SPG)
finance.yahoo.com - February 2 at 3:38 AM
reuters.com logoBRIEF-Simon Property Group Inc Q4 FFO per share $2.53 (NYSE:SPG)
www.reuters.com - February 1 at 5:53 AM
nasdaq.com logoSimon Property Group Inc Reports 5% Gain In Q4 Bottom Line (NYSE:SPG)
www.nasdaq.com - February 1 at 5:53 AM
News IconAs Simon Ppty Group INC (SPG) Market Value Declined, Shareholder Daiwa Securities Group INC Has Decreased Holding (NYSE:SPG)
randolphguide.com - February 1 at 5:53 AM
News IconTop Gainers of the Day: Simon Property Group, Inc. (NYSE:SPG) from REIT – Retail (NYSE:SPG)
twincountynews.com - February 1 at 5:53 AM
seekingalpha.com logoSimon Property Group (SPG) Q4 2016 Results - Earnings Call Transcript (NYSE:SPG)
seekingalpha.com - February 1 at 5:53 AM
us.rd.yahoo.com logoSimon Property (SPG) Q4 FFO & Revenues Beat Estimates (NYSE:SPG)
us.rd.yahoo.com - February 1 at 5:53 AM
biz.yahoo.com logoSimon Property Group Inc Earnings Call scheduled for 11:00 am ET today (NYSE:SPG)
us.rd.yahoo.com - February 1 at 5:53 AM
us.rd.yahoo.com logoNice Gains for Simon Property After Strong Earnings, Dividend Hike (NYSE:SPG)
us.rd.yahoo.com - February 1 at 5:53 AM
us.rd.yahoo.com logoEdited Transcript of SPG earnings conference call or presentation 31-Jan-17 4:00pm GMT (NYSE:SPG)
us.rd.yahoo.com - February 1 at 5:53 AM
capitalcube.com logoSimon Property Group, Inc. breached its 50 day moving average in a Bearish Manner : SPG-US : January 30, 2017 (NYSE:SPG)
us.rd.yahoo.com - January 30 at 10:05 PM
gurufocus.com logoJan 27, 2017 - Forum Securities Ltd Buys Simon Property Group Inc ... - GuruFocus.com (NYSE:SPG)
www.gurufocus.com - January 28 at 6:42 AM
News IconWith Markets Booming Higher, Is This Stock Fairly Valued: Simon Property Group, Inc. (NYSE:SPG) - Aiken Advocate (NYSE:SPG)
aikenadvocate.com - January 27 at 3:49 AM
istreetwire.com logoEquities Trend Analysis: Danaher Corporation (DHR), Simon Property Group, Inc. (SPG), American Tower Corporation ... - iStreetWire (NYSE:SPG)
istreetwire.com - January 27 at 3:49 AM
News IconCornerstone Real Estate Advisers LLC Lowered Its Simon Property Group INC (SPG) Position as Valuation Declined (NYSE:SPG)
randolphguide.com - January 26 at 5:52 AM
nasdaq.com logoAthena Capital Advisors Llc Buys Simon Property Group Inc, SPDR S&P 500, iShares Select ... (NYSE:SPG)
www.nasdaq.com - January 25 at 6:07 AM
News IconAew Capital Management LP Has Decreased Its Position in Simon Property Group INC (SPG) by $12.84 Million (NYSE:SPG)
randolphguide.com - January 25 at 6:07 AM
News IconQuantbot Technologies LP Buys New Stake in Simon Property Group Inc. (SPG) (NYSE:SPG)
vouxmagazine.com - January 23 at 9:47 PM
News IconFocus Equity: Stock Strength Indicator Watch On Simon Property Group, Inc. (NYSE:SPG) - Wall Street Beacon (NYSE:SPG)
wsbeacon.com - January 22 at 7:40 PM
News IconWall Street Holds Inauguration Gains, How Did This Stock Fare: Simon Property Group, Inc. (NYSE:SPG) - Wall Street Beacon (NYSE:SPG)
wsbeacon.com - January 22 at 8:08 AM

Social

What is Simon Property Group's stock symbol?

Simon Property Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "SPG."

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

Simon Property Group announced a quarterly dividend on Tuesday, January 31st. Shareholders of record on Tuesday, February 14th will be paid a dividend of $1.75 per share on Tuesday, February 28th. This represents a $7.00 annualized dividend and a yield of 3.78%. The ex-dividend date is Friday, February 10th. This is a boost from Simon Property Group's previous quarterly dividend of $1.65.

Where is Simon Property Group's stock going? Where will Simon Property Group's stock price be in 2017?

14 equities research analysts have issued 12-month price targets for Simon Property Group's shares. Their forecasts range from $188.00 to $255.00. On average, they anticipate Simon Property Group's stock price to reach $228.62 in the next twelve months.

When will Simon Property Group announce their earnings?

Simon Property Group is scheduled to release their next quarterly earnings announcement on Monday, April, 24th 2017.

Who owns Simon Property Group stock?

Simon Property Group's stock is owned by a variety of of retail and institutional investors. Top institutional investors include State Street Corp (5.78%), FMR LLC (2.78%), Dimensional Fund Advisors LP (1.33%), Russell Investments Group Ltd. (0.51%), Asset Management One Co. Ltd. (0.41%) and Janus Capital Management LLC (0.32%). Company insiders that own Simon Property Group stock include Allan B Hubbard, Andrew Juster, David J Contis and Steven K Broadwater.

Who sold Simon Property Group stock? Who is selling Simon Property Group stock?

Simon Property Group's stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, State Street Corp, I.G. Investment Management LTD., Franklin Resources Inc., AMF Pensionsforsakring AB, William Blair Investment Management LLC, Davis Selected Advisers and NN Investment Partners Holdings N.V.. Company insiders that have sold Simon Property Group stock in the last year include Andrew Juster, David J Contis and Steven K Broadwater.

Who bought Simon Property Group stock? Who is buying Simon Property Group stock?

Simon Property Group's stock was acquired by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Renaissance Technologies LLC, Asset Management One Co. Ltd., DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main, Prudential PLC, Edge Asset Management Inc., Genovese Burford & Brothers Wealth & Retirement Plan Management LLC and Numeric Investors LLC.

How do I buy Simon Property Group stock?

Shares of Simon Property Group can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Simon Property Group stock cost?

One share of Simon Property Group stock can currently be purchased for approximately $184.99.

Simon Property Group (NYSE:SPG) Chart for Friday, February, 24, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for Simon Property Group (NYSE:SPG)

Earnings History Chart

Earnings by Quarter for Simon Property Group (NYSE:SPG)

Dividend History Chart

Dividend Payments by Quarter for Simon Property Group (NYSE:SPG)

Last Updated on 2/24/2017 by MarketBeat.com Staff