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NYSE:SPG

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

$108.83
+0.64 (+0.59%)
(As of 09/28/2023 ET)
Compare
Today's Range
$107.72
$109.07
50-Day Range
$108.16
$125.45
52-Week Range
$88.41
$133.08
Volume
1.98 million shs
Average Volume
1.52 million shs
Market Capitalization
$35.61 billion
P/E Ratio
16.54
Dividend Yield
6.98%
Price Target
$128.36

Simon Property Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.63 Rating Score
Upside/​Downside
17.9% Upside
$128.36 Price Target
Short Interest
Healthy
1.62% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.10
Upright™ Environmental Score
News Sentiment
1.41mentions of Simon Property Group in the last 14 days
Based on 7 Articles This Week
Insider Trading
Acquiring Shares
$21,838 Bought Last Quarter
Proj. Earnings Growth
2.60%
From $11.91 to $12.22 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.45 out of 5 stars

Finance Sector

426th out of 877 stocks

Real Estate Investment Trusts Industry

84th out of 182 stocks


SPG stock logo

About Simon Property Group (NYSE:SPG) Stock

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 Price History

SPG Stock News Headlines

America's Favorite Dividend Is On Sale, Grab Realty Income Now (SPG)
Realty Income is proving itself as the most promising large-cap REIT, a trifecta of management, analysts, and markets are all betting on THIS happening.
REIT Stocks - Best REIT Stocks to Add to Your Portfolio Today (SPG)
A real estate investment trust is a corporation that owns or finances real estate. From an investor’s perspective, it’s essentially a pooled investment vehicle for buying and managing real estate properties. There are private REITs (which could also be called non-listed REITs or a non-traded REIT) but these REIT investments are only available to private or institutional investors.
Unlock the treasure on Mount Olympus with this little-known mining stock.
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
High Dividend REITs: Are They an Ideal Way to Diversify? (SPG)
A real estate investment trust (REIT) refers to real estate companies that own a portfolio of income-producing real estate assets. Learn more.
Unlock the treasure on Mount Olympus with this little-known mining stock.
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
6 Analysts Have This to Say About Simon Property Group
Shein Strikes Deal With Forever 21
Is Simon Property Group Inc (SPG) Fairly Valued?
This New Mall Is About More Than Just Shopping
See More Headlines
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SPG Company Calendar

Last Earnings
2/06/2023
Ex-Dividend for 6/30 Dividend
6/08/2023
Dividend Payable
6/30/2023
Ex-Dividend for 9/29 Dividend
9/07/2023
Today
9/28/2023
Dividend Payable
9/29/2023
Next Earnings (Estimated)
11/07/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
$128.36
High Stock Price Forecast
$150.00
Low Stock Price Forecast
$106.00
Forecasted Upside/Downside
+18.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.63
Research Coverage
8 Analysts

Profitability

Net Income
$2.14 billion
Pretax Margin
36.85%

Debt

Sales & Book Value

Annual Sales
$5.29 billion
Cash Flow
$9.93 per share
Book Value
$10.41 per share

Miscellaneous

Free Float
299,387,000
Market Cap
$35.44 billion
Optionable
Optionable
Beta
1.54

Social Links

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Key Executives

  • Mr. David E. SimonMr. David E. Simon (Age 61)
    Chairman, CEO & Pres
    Comp: $29.4M
  • Mr. Brian J. McDade (Age 44)
    Exec. VP & CFO
    Comp: $4.34M
  • Mr. Adam J. Reuille (Age 48)
    Sr. VP & Chief Accounting Officer
    Comp: $1.89M
  • Mr. John Rulli (Age 67)
    Chief Admin. Officer
    Comp: $2.95M
  • Mr. Steven E. Fivel (Age 62)
    Gen. Counsel & Sec.
    Comp: $7.45M
  • Mr. Steven K. BroadwaterMr. Steven K. Broadwater (Age 56)
    Sr. VP of Financial Reporting & Operations
  • Mr. Stanley Shashoua (Age 52)
    Chief Investment Officer
  • Joseph W. Chiappetta
    Sr. VP & Chief Technology Officer
  • Mr. Thomas Ward (Age 54)
    Sr. VP of Investor Relations
  • Ali Slocum
    VP of PR













SPG Stock - Frequently Asked Questions

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

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Simon Property Group in the last twelve months. There are currently 3 hold ratings and 5 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 forecast for 2023?

8 analysts have issued twelve-month target prices for Simon Property Group's stock. Their SPG share price forecasts range from $106.00 to $150.00. On average, they expect the company's share price to reach $128.36 in the next twelve months. This suggests a possible upside of 18.5% from the stock's current price.
View analysts price targets for SPG
or view top-rated stocks among Wall Street analysts.

How have SPG shares performed in 2023?

Simon Property Group's stock was trading at $117.48 at the beginning of 2023. Since then, SPG stock has decreased by 7.8% and is now trading at $108.30.
View the best growth stocks for 2023 here
.

When is Simon Property Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
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, 6th. The real estate investment trust reported $2.06 earnings per share for the quarter, missing analysts' consensus estimates of $3.14 by $1.08. The real estate investment trust earned $1.40 billion during the quarter, compared to the consensus estimate of $1.29 billion. Simon Property Group had a net margin of 39.63% and a trailing twelve-month return on equity of 63.01%. Simon Property Group's quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the firm earned $3.09 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 Wednesday, August 2nd. Investors of record on Friday, September 8th will be paid a dividend of $1.90 per share on Friday, September 29th. This represents a $7.60 dividend on an annualized basis and a yield of 7.02%. The ex-dividend date is Thursday, September 7th. This is a boost from the stock's previous quarterly dividend of $1.85.
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 6.96%. 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 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 115.50%. 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 62.19% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SPG.

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

Simon Property Group updated its FY 2023 earnings guidance on Wednesday, August, 2nd. The company provided EPS guidance of $11.85-$11.95 for the period, compared to the consensus estimate of $11.91. 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).

What is Simon Property Group's stock symbol?

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

Who are Simon Property Group's major shareholders?

Simon Property Group's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (10.40%), Cohen & Steers Inc. (7.47%), State Street Corp (6.91%), Geode Capital Management LLC (2.34%), Daiwa Securities Group Inc. (1.66%) and JPMorgan Chase & Co. (1.44%). Insiders that own company stock include Daniel C Smith, J Albert Smith Jr, Karen N Horn, Marta R Stewart, Peggy Fang Roe 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Simon Property Group's stock price today?

One share of SPG stock can currently be purchased for approximately $108.30.

How much money does Simon Property Group make?

Simon Property Group (NYSE:SPG) has a market capitalization of $35.44 billion and generates $5.29 billion in revenue each year. The real estate investment trust earns $2.14 billion in net income (profit) each year or $6.58 on an earnings per share basis.

How many employees does Simon Property Group have?

The company employs 3,300 workers across the globe.

How can I contact Simon Property Group?

Simon Property Group's mailing address is 225 WEST WASHINGTON STREET, INDIANAPOLIS IN, 46204. The official website for the company is www.simon.com. The real estate investment trust can be reached via phone at (317) 636-1600, via email at tom.ward@simon.com, or via fax at 317-685-7222.

This page (NYSE:SPG) was last updated on 9/28/2023 by MarketBeat.com Staff

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