Simon Property Group Company Profile (NYSE:SPG)

About Simon Property Group (NYSE:SPG)

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. As of December 31, 2016, the Company owned or held an interest in 206 income-producing properties in the United States, which consisted of 108 malls, 67 Premium Outlets, 14 Mills, four lifestyle centers, and 13 other retail properties in 37 states and Puerto Rico. As of December 31, 2016, it had redevelopment and expansion projects, including the addition of anchors, big box tenants, and restaurants, underway at 27 properties in the United States and it had one outlet and one other retail project under development.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Retail REITs
  • Sub-Industry: Retail REITs
  • Symbol: NYSE:SPG
  • CUSIP: 82880610
  • Web:
  • Market Cap: $50.8213 billion
  • Outstanding Shares: 312,202,000
Average Prices:
  • 50 Day Moving Avg: $158.52
  • 200 Day Moving Avg: $172.60
  • 52 Week Range: $150.15 - $229.10
  • Trailing P/E Ratio: 27.46
  • Foreward P/E Ratio: 13.17
  • P/E Growth: 2.58
Sales & Book Value:
  • Annual Revenue: $5.44 billion
  • Price / Sales: 9.21
  • Book Value: $13.02 per share
  • Price / Book: 12.32
  • Annual Dividend: $7.00
  • Dividend Yield: 4.4%
  • EBIDTA: $4 billion
  • Net Margins: 34.99%
  • Return on Equity: 40.16%
  • Return on Assets: 6.47%
  • Debt-to-Equity Ratio: 4.94%
  • Current Ratio: 1.05%
  • Quick Ratio: 1.05%
  • Average Volume: 2.05 million shs.
  • Beta: 0.61
  • Short Ratio: 6.13

Frequently Asked Questions for Simon Property Group (NYSE:SPG)

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 Thursday, April 27th. Stockholders of record on Wednesday, May 17th will be given a dividend of $1.75 per share on Wednesday, May 31st. This represents a $7.00 annualized dividend and a dividend yield of 4.36%. The ex-dividend date is Monday, May 15th. View Simon Property Group's Dividend History.

How were Simon Property Group's earnings last quarter?

Simon Property Group, Inc. (NYSE:SPG) announced its quarterly earnings data on Thursday, April, 27th. The company reported $2.74 earnings per share for the quarter, missing the Zacks' consensus estimate of $2.76 by $0.02. The company earned $1.35 billion during the quarter, compared to analysts' expectations of $1.36 billion. Simon Property Group had a return on equity of 40.16% and a net margin of 34.99%. Simon Property Group's revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter last year, the company earned $2.63 earnings per share. View Simon Property Group's Earnings History.

When will Simon Property Group make its next earnings announcement?

Simon Property Group is scheduled to release their next quarterly earnings announcement on Tuesday, July, 25th 2017. View Earnings Estimates for Simon Property Group.

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

Simon Property Group updated its FY17 earnings guidance on Thursday, April, 27th. The company provided earnings per share (EPS) guidance of $11.45-11.55 for the period, compared to the Thomson Reuters consensus estimate of $11.57.

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

13 brokerages have issued twelve-month price targets for Simon Property Group's stock. Their forecasts range from $158.00 to $245.00. On average, they expect Simon Property Group's stock price to reach $202.67 in the next year. View Analyst Ratings for Simon Property Group.

What are analysts saying about Simon Property Group stock?

Here are some recent quotes from research analysts about Simon Property Group stock:

  • 1. According to Zacks Investment Research, "Shares of Simon Property underperformed the Zacks categorized REIT and Equity Trust – Retail industry over the past three months. However, the company’s second-quarter and full-year 2017 funds from operations (FFO) per share estimates moved north over the past seven days. Recently, the company disclosed the continuation of the enhancements at the Southdale Center in Edina with the beginning of the construction on Homewood Suites by Hilton. Also, the company joined forces with health and lifestyle company, Life Time, for changing consumer experience at Southdale, with a planned athletic resort. Such efforts come at a point when mall traffic is facing challenges due to a change in shopping patterns, with online shopping taking precedence over in-store purchase. However, such steps require decent upfront costs. So margin expansion is likely to remain limited in the near term. Also, rate hike have added to its woes." (6/22/2017)
  • 2. Canaccord Genuity analysts commented, "We are updating our model to reflect intra-quarter items for Simon Property, including the company's amended and extended $4B revolving line of credit, the recent 25bp increase in the fed funds rate, and the near-term occupancy impact of recently announced and likely pending store closings by apparel retailers including The Limited, Wet Seal, BCBG Max Azria, and bebe." (3/27/2017)
  • 3. Hilliard Lyons analysts commented, "Our upgrade is based on what we view as a compelling valuation. We have always viewed Simon as a best in class operator, but have been waiting for a compelling entry point to recommend the shares again. We find the shares attractive at the current price." (3/17/2017)

Who are some of Simon Property Group's key competitors?

Who are Simon Property Group's key executives?

Simon Property Group's management team includes the folowing people:

  • David E. Simon, Chairman of the Board, Chief Executive Officer
  • Andrew A. Juster, Chief Financial Officer, Executive Vice President
  • Richard S. Sokolov, President, Chief Operating Officer, Director
  • John Rulli, Senior Executive Vice President, Chief Administrative Officer
  • Steven K. Broadwater, Senior Vice President, Chief Accounting Officer
  • Brian J. McDade, Senior Vice President, Treasurer
  • Steven E. Fivel, General Counsel, Secretary
  • Alexander L. W. Snyder, Assistant General Counsel, Assistant Secretary
  • Herbert Simon, Chairman Emeritus
  • Larry C. Glasscock, Lead Independent Director

Who owns Simon Property Group stock?

Simon Property Group's stock is owned by many different of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (14.22%), BlackRock Inc. (9.31%), State Street Corp (5.86%), Morgan Stanley (2.62%), FMR LLC (2.20%) and APG Asset Management US Inc. (2.16%). Company insiders that own Simon Property Group stock include Allan B Hubbard, Andrew Juster, David J Contis, Reuben S Leibowitz and Steven K Broadwater. View Institutional Ownership Trends for Simon Property Group.

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, Daiwa Securities Group Inc., Ameriprise Financial Inc., Morgan Stanley, Janus Capital Management LLC, Lasalle Investment Management Securities LLC, Russell Investments Group Ltd. and Nuveen Asset Management LLC. Company insiders that have sold Simon Property Group stock in the last year include Andrew Juster and Steven K Broadwater. View Insider Buying and Selling for Simon Property Group.

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 BlackRock Inc., Vanguard Group Inc., PGGM Investments, Renaissance Technologies LLC, Sumitomo Mitsui Asset Management Company LTD, Canada Pension Plan Investment Board, JPMorgan Chase & Co. and Geode Capital Management LLC. Company insiders that have bought Simon Property Group stock in the last two years include Allan B Hubbard and Reuben S Leibowitz. View Insider Buying and Selling for Simon Property Group.

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.

What is Simon Property Group's stock price today?

One share of Simon Property Group stock can currently be purchased for approximately $160.45.

MarketBeat Community Rating for Simon Property Group (NYSE SPG)
Community Ranking:  3.7 out of 5 (  )
Outperform Votes:  515 (Vote Outperform)
Underperform Votes:  173 (Vote Underperform)
Total Votes:  688
MarketBeat's community ratings are surveys of what our community members think about Simon Property Group and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Simon Property Group (NYSE:SPG) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 4 Hold Ratings, 9 Buy Ratings
Consensus Rating:Buy (Score: 2.69)
Consensus Price Target: $202.67 (26.31% upside)

Analysts' Ratings History for Simon Property Group (NYSE:SPG)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
6/20/2017Goldman Sachs Group, Inc. (The)UpgradeNeutral -> Buy$175.00 -> $185.00LowView Rating Details
6/3/2017Morgan StanleyReiterated RatingEqual Weight$180.00 -> $158.00LowView Rating Details
5/30/2017MizuhoUpgradeNeutral -> Buy$178.00MediumView Rating Details
5/22/2017Deutsche Bank AGBoost Price TargetHold$188.00 -> $191.00LowView Rating Details
5/18/2017Royal Bank Of CanadaReiterated RatingHold$182.00HighView Rating Details
5/15/2017Barclays PLCReiterated RatingOverweight$200.00 -> $191.00LowView Rating Details
4/17/2017Jefferies Group LLCReiterated RatingBuy$210.00LowView Rating Details
4/3/2017BTIG ResearchReiterated RatingBuy$231.00LowView Rating Details
3/27/2017Canaccord GenuityLower Price TargetBuy$250.00 -> $224.00LowView Rating Details
3/17/2017Hilliard LyonsUpgradeNeutral -> Buy$197.00LowView Rating Details
1/19/2017SunTrust Banks, Inc.DowngradeBuy -> HoldN/AView Rating Details
8/11/2016ArgusSet Price TargetBuy$235.00 -> $245.00N/AView Rating Details
8/1/2016Stifel NicolausBoost Price TargetBuy$232.00 -> $240.00N/AView Rating Details
4/1/2016Citigroup Inc.Boost Price TargetBuy$214.00 -> $235.00N/AView Rating Details
3/21/2016Evercore ISIBoost Price TargetBuy$213.00 -> $220.00N/AView Rating Details
1/29/2016Raymond James Financial, Inc.Lower Price Target$235.00 -> $220.00N/AView Rating Details
1/12/2016Cowen and CompanyReiterated RatingOutperform$241.00N/AView Rating Details
12/4/2015Boenning ScattergoodInitiated CoverageOutperform$230.00N/AView Rating Details
9/8/2015Evercore Partners IncLower Price TargetBuy$210.00 -> $205.00N/AView Rating Details
7/3/2015Credit Suisse GroupReiterated RatingOutperform$230.00N/AView Rating Details
(Data available from 6/27/2015 forward)


Earnings History for Simon Property Group (NYSE:SPG)
Earnings by Quarter for Simon Property Group (NYSE:SPG)
Earnings History by Quarter for Simon Property Group (NYSE SPG)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
4/27/2017Q1 2017$2.76$2.74$1.36 billion$1.35 billionViewN/AView Earnings Details
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)


Earnings Estimates for Simon Property Group (NYSE:SPG)
2017 EPS Consensus Estimate: $11.56
2018 EPS Consensus Estimate: $12.25
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20173$2.72$2.78$2.76
Q2 20173$2.80$2.83$2.81
Q3 20173$2.86$2.90$2.87
Q4 20173$3.11$3.13$3.12
Q1 20181$2.95$2.95$2.95
Q2 20181$2.99$2.99$2.99
Q3 20181$3.06$3.06$3.06
Q4 20181$3.25$3.25$3.25
(Data provided by Zacks Investment Research)


Current Dividend Information for Simon Property Group (NYSE:SPG)
Most Recent Dividend:5/31/2017
Annual Dividend:$7.00
Dividend Yield:4.36%
Dividend Growth:11.80% (3 Year Average)
Payout Ratio:119.66% (Trailing 12 Months of Earnings)
62.61% (Based on This Year's Estimates)
57.47% (Based on Next Year's Estimates)
Track Record:7 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for Simon Property Group (NYSE:SPG)

Dividend History by Quarter for Simon Property Group (NYSE SPG)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Simon Property Group (NYSE:SPG)
Insider Ownership Percentage: 8.42%
Institutional Ownership Percentage: 95.30%
Insider Trades by Quarter for Simon Property Group (NYSE:SPG)
Institutional Ownership by Quarter for Simon Property Group (NYSE:SPG)
Insider Trades by Quarter for Simon Property Group (NYSE:SPG)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
3/28/2017Reuben S. LeibowitzDirectorBuy1,400$166.00$232,400.00View SEC Filing  
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)


Headline Trends for Simon Property Group (NYSE:SPG)
Latest Headlines for Simon Property Group (NYSE:SPG)
DateHeadline logoSimon Property Group Schedules Second Quarter 2017 Earnings Release And Conference Call - PR Newswire (press release) - June 27 at 8:36 AM logoSimon Property Group Schedules Second Quarter 2017 Earnings Release And Conference Call - June 27 at 8:36 AM logoCan Simon Property (SPG) Combat Mall Traffic Challenges? - Nasdaq - June 25 at 6:33 AM logoCan Simon Property (SPG) Combat Mall Traffic Challenges? - June 24 at 6:52 AM logoZacks Investment Research Upgrades Simon Property Group, Inc. (SPG) to "Hold" - June 22 at 12:22 PM logoSimon Property Group: Retail Carnage Creates Opportunity - June 21 at 5:47 AM logoSimon Property Group, Inc. (SPG) Upgraded to "Buy" by Goldman Sachs Group, Inc. (The) - June 20 at 8:10 AM logoLTC Properties, Inc. (LTC) Ex-Dividend Date Scheduled for June 20, 2017 - Nasdaq - June 19 at 9:32 AM logoJefferies Group Comments on Simon Property Group, Inc.'s Q3 2017 Earnings (SPG) - June 19 at 7:20 AM logoHead-To-Head Review: Simon Property Group (SPG) & Cedar Realty Trust (CDR) - June 18 at 10:20 PM logoSimon Centers Surpass $1 Million Fundraising Goal In Support Of Susan G. Komen® - June 17 at 6:18 AM logoZacks: Brokerages Anticipate Simon Property Group, Inc. (SPG) Will Post Quarterly Sales of $1.33 Billion - June 16 at 1:54 PM logoMorgan Stanley Bank of America Merrill Lynch Trust 2012-C5 -- Moody's Affirms Fifteen Classes of MSBAM 2012-C5 - June 16 at 6:49 AM logoSimon Opens Genting Highlands Premium Outlets - Second Premium Outlet Center® In Malaysia - June 15 at 3:30 PM logoSouthdale Enhancements Continue As Construction Begins on Homewood Suites by Hilton - June 15 at 3:30 PM logoSunTrust Banks Equities Analysts Lift Earnings Estimates for Simon Property Group, Inc. (SPG) - June 15 at 11:38 AM logo$2.72 Earnings Per Share Expected for Simon Property Group, Inc. (SPG) This Quarter - June 14 at 6:20 PM logoSimon Property Group, Inc. (SPG) Cut to "Sell" at Zacks Investment Research - June 14 at 9:13 AM logoHere's Where To Get 6%+ Yields And Double-Digit Gains - June 9 at 9:25 AM logoSimon Property (SPG) & Life Time to Create Athletic Resort - June 9 at 12:05 AM logoSimon Property Group Enters Oversold Territory - Nasdaq - June 8 at 8:06 AM logoStock Traders Buy High Volume of Put Options on Simon Property Group (SPG) - June 7 at 8:52 AM logoMorgan Stanley Reiterates "Equal Weight" Rating for Simon Property Group Inc (SPG) - June 3 at 11:22 PM logoSimon Property Group Inc (SPG) Cut to "Hold" at ValuEngine - June 3 at 9:32 AM logoSimon Property Group a Top 25 Dividend Giant With 4.53% Yield (SPG) - June 3 at 1:29 AM logoSimon Property Group Inc (SPG) Given Consensus Rating of "Buy" by Brokerages - June 2 at 10:28 AM logoSimon Property Group Inc (SPG) Stock Rating Upgraded by Mizuho - May 31 at 10:04 PM logo'Global Powerhouse' Simon Property Group Upgraded at Mizuho - May 30 at 7:37 PM logoMizuho Securities Upgrades Simon Property Group (SPG) to Buy - - May 30 at 9:00 AM logoSimon Property Group To Redeem All Outstanding 5.65% Notes Due 2020 - May 26 at 7:13 AM logoFitch Rates Simon Property Group's Notes Offering 'A' - May 25 at 2:49 AM logo[$$] Simon Property Group to Invest $1 Billion to Redevelop Mall Assets - May 23 at 7:21 PM logoThe Forum Shops at Caesars Palace to Welcome 'The Slanted Door' Restaurant - May 23 at 7:20 PM logoSimon Property (SPG) Plans to Invest $1B in its Portfolio - May 23 at 9:13 AM logoHow Well Does Simon Property Leverage Its Balance Sheet? - May 22 at 6:58 PM logoSimon To Invest $1 Billion In 2017, Enhancing Its Premier Shopping, Dining, And Entertainment Destinations - May 22 at 6:58 PM logoThe Shops at Clearfork Introduces New-To-Market Luxury Retailers - May 22 at 6:58 PM logoSimon Property Group Sells $1.35 Billion Of Senior Notes - May 22 at 6:58 PM logoSimon Property Group Inc (SPG) Rating Reiterated by Deutsche Bank AG - May 22 at 11:30 AM logoSimon Property Group Can Give Steady Returns - May 22 at 8:54 AM logoWhy Simon Property Group May Not Fear the Fed’s Rate Hikes - May 19 at 12:47 PM logoSPG Fights Rate Headwinds with Product Diversification - May 19 at 12:47 PM logoSimon Property Group Inc (SPG) Given Hold Rating at Royal Bank of Canada - May 18 at 9:40 PM logoSimon Property Group: Growth in a Time of Shrinking Malls - May 18 at 12:59 PM logoSimon Property Group, Inc. : SPG-US: Dividend Analysis : May 17th, 2017 (record date) : By the numbers : May 18, 2017 - May 18 at 12:59 PM logo'Big Short' Steve Eisman likes two FANG stocks - May 16 at 7:54 PM logoIs it Wise to Hold Simon (SPG) in Your Portfolio Right Now? - May 16 at 9:04 AM logo'Big Short' Steve Eisman likes two FANG stocks - May 16 at 9:04 AM logoSimon Property Group Inc (SPG) Stock Rating Reaffirmed by Barclays PLC - May 15 at 3:50 PM logoSimon Property Group, Inc. (SPG) Ex-Dividend Date Scheduled for May 15, 2017 - Nasdaq - May 13 at 8:03 AM



Simon Property Group (SPG) Chart for Tuesday, June, 27, 2017

This page was last updated on 6/27/2017 by Staff