NYSE:SPG

Simon Property Group - SPG Stock Forecast, Price & News

$115.85

+1.78 (+1.56%)

(As of 08/12/2022 12:00 AM ET)

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Today's Range: $114.14
▼
$115.99
50-Day Range: $94.00
▼
$115.85
52-Week Range: $93.06
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$171.12

Volume: 1.49 million shs
Average Volume: 1.74 million shs
Market Capitalization: $39.73 billion

P/E Ratio: 18.07
Dividend Yield: 5.96%
Price Target: $145.07

Simon Property Group MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.64 Rating Score
Upside/Downside: 25.2% Upside
$145.07 Price Target
Short Interest: Healthy
1.97% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -3.10
Upright™ Environmental Score
News Sentiment: 0.22
Based on 11 Articles This Week
Insider Trading: Acquiring Shares
$3,190 Bought Last Quarter
Proj. Earnings Growth: 4.36%
From $11.70 to $12.21 Per Share

Overall MarketRank^™

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

3.18 out of 5 stars

Finance Sector

34th out of 926 stocks

Real Estate Investment Trusts Industry

4th out of 195 stocks

4.3

Analyst's Opinion

Consensus Rating
Simon Property Group has received a consensus rating of Buy. The company's average rating score is 2.64, and is based on 9 buy ratings, 5 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $145.07, Simon Property Group has a forecasted upside of 25.2% from its current price of $115.85.
Amount of Analyst Coverage
Simon Property Group has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

5.0

Short Interest

Percentage of Shares Shorted
1.97% of the float of Simon Property Group has been sold short.
Short Interest Ratio / Days to Cover
Simon Property Group has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Simon Property Group has recently decreased by 7.49%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Leadership
Simon Property Group is a leading dividend payer. It pays a dividend yield of 5.96%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Simon Property Group has only been increasing its dividend for 2 years.
Dividend Coverage
The dividend payout ratio of Simon Property Group is 106.08%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on earnings estimates, Simon Property Group will have a dividend payout ratio of 55.69% next year. This indicates that Simon Property Group will be able to sustain or increase its dividend.

1.9

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Simon Property Group has received a -3.72% net impact score from Upright. The largest negative impact of Simon Property in category "GHG emissions" seems to be driven mostly by its "Parking lot services", "Real estate funds investing in office buildings", and "Real estate funds investing in shopping centers" products. See details.
Environmental Sustainability
The Environmental Impact score for Simon Property Group is -3.10.

2.3

News and Social Media Coverage

News Sentiment
Simon Property Group has a news sentiment score of 0.22. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.65 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 11 news articles for Simon Property Group this week, compared to 5 articles on an average week.
Search Interest
Only 65 people have searched for SPG on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
38 people have added Simon Property Group to their MarketBeat watchlist in the last 30 days. This is an increase of 90% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Simon Property Group insiders have bought more of their company's stock than they have sold. Specifically, they have bought $3,190.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 8.50% of the stock of Simon Property Group is held by insiders.
Percentage Held by Institutions
91.62% of the stock of Simon Property Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Simon Property Group are expected to grow by 4.36% in the coming year, from $11.70 to $12.21 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Simon Property Group is 18.07, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 129.57.
Price to Earnings Ratio vs. Sector
The P/E ratio of Simon Property Group is 18.07, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 153.92.
Price to Earnings Growth Ratio
Simon Property Group has a PEG Ratio of 2.68. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Simon Property Group has a P/B Ratio of 11.38. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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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.

Simon Property Group Trading Up 1.6 %

Shares of NYSE:SPG traded up $1.78 during mid-day trading on Friday, reaching $115.85. 1,491,121 shares of the company's stock were exchanged, compared to its average volume of 1,742,227. The firm has a market capitalization of $39.73 billion, a price-to-earnings ratio of 18.07, a PEG ratio of 2.68 and a beta of 1.49. The business's fifty day moving average price is $101.69 and its 200-day moving average price is $119.71. The company has a debt-to-equity ratio of 7.13, a quick ratio of 1.02 and a current ratio of 1.02. Simon Property Group has a twelve month low of $93.06 and a twelve month high of $171.12.

Simon Property Group (NYSE:SPG - Get Rating) last released its earnings results on Monday, August 1st. The real estate investment trust reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.08. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.25 billion. Simon Property Group had a net margin of 40.59% and a return on equity of 56.93%. Simon Property Group's revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.92 earnings per share. On average, research analysts predict that Simon Property Group will post 11.7 EPS for the current fiscal year.

Simon Property Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 9th will be issued a $1.75 dividend. This is a positive change from Simon Property Group's previous quarterly dividend of $1.70. The ex-dividend date is Thursday, September 8th. This represents a $7.00 annualized dividend and a yield of 6.04%. Simon Property Group's payout ratio is presently 106.08%.

Analysts Set New Price Targets

SPG has been the topic of a number of recent analyst reports. Mizuho decreased their price objective on shares of Simon Property Group from $158.00 to $115.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 3rd. Piper Sandler decreased their target price on shares of Simon Property Group to $130.00 in a research note on Monday, July 4th. Morgan Stanley decreased their target price on shares of Simon Property Group from $145.00 to $133.00 and set an "overweight" rating on the stock in a research note on Friday, July 15th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Simon Property Group from $173.00 to $129.00 in a research note on Monday, July 18th. Finally, Truist Financial decreased their target price on shares of Simon Property Group from $155.00 to $130.00 in a research note on Friday, June 3rd. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $145.07.

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