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NYSE:SPG

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

$146.17
-1.80 (-1.22%)
(As of 05/22/2024 ET)
Today's Range
$145.63
$148.21
50-Day Range
$140.18
$156.49
52-Week Range
$100.17
$157.82
Volume
734,378 shs
Average Volume
1.46 million shs
Market Capitalization
$47.64 billion
P/E Ratio
18.62
Dividend Yield
5.34%
Price Target
$141.40

Simon Property Group MarketRank™ Stock Analysis

Analyst Rating
Hold
2.44 Rating Score
Upside/​Downside
3.3% Downside
$141.40 Price Target
Short Interest
Healthy
1.41% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.10
Upright™ Environmental Score
News Sentiment
0.88mentions of Simon Property Group in the last 14 days
Based on 14 Articles This Week
Insider Trading
Acquiring Shares
$24,054 Bought Last Quarter
Proj. Earnings Growth
-3.42%
From $12.87 to $12.43 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.

3.73 out of 5 stars

Finance Sector

345th out of 821 stocks

Real Estate Investment Trusts Industry

69th out of 175 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

3 Companies Buying Back Cheap Stock Lately
Investors tend to focus on two things when measuring the performance of their investments, particularly in stocks. The lion's share is taken by appreciation, the classic 'buy low and sell high' behavior, with a second focus on bragging about quarterly – and sometimes monthly – dividend income.
3 Companies Buying Back Cheap Stock Lately (SPG)
Three companies are now considered cheap enough for insiders to start buying; high profit margins and price discounts make for potential wealth compounders
Simon Property Announces a Revamp of Fashion Valley
3 Cheap REITs to Buy Now: May 2024
The 3 Best REITs to Buy in May 2024
See More Headlines
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Company Calendar

Ex-Dividend for 3/29 Dividend
3/07/2024
Dividend Payable
3/29/2024
Last Earnings
5/06/2024
Today
5/22/2024
Ex-Dividend for 6/28 Dividend
6/07/2024
Dividend Payable
6/28/2024
Next Earnings (Estimated)
8/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Retail REITs
CUSIP
82880610
Employees
3,000
Year Founded
1993

Price Target and Rating

Average Stock Price Target
$141.40
High Stock Price Target
$172.00
Low Stock Price Target
$106.00
Potential Upside/Downside
-3.3%
Consensus Rating
Hold
Rating Score (0-4)
2.44
Research Coverage
9 Analysts

Profitability

Net Income
$2.28 billion
Pretax Margin
47.85%

Debt

Sales & Book Value

Annual Sales
$5.66 billion
Cash Flow
$11.51 per share
Book Value
$10.87 per share

Miscellaneous

Free Float
297,913,000
Market Cap
$47.64 billion
Optionable
Optionable
Beta
1.68

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Key Executives


SPG Stock Analysis - Frequently Asked Questions

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

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Simon Property Group in the last twelve months. There are currently 5 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" SPG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SPG, but not buy additional shares or sell existing shares.
View SPG analyst ratings
or view top-rated stocks.

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

9 brokerages have issued twelve-month target prices for Simon Property Group's shares. Their SPG share price targets range from $106.00 to $172.00. On average, they predict the company's stock price to reach $141.40 in the next year. This suggests that the stock has a possible downside of 3.3%.
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 start of the year. Since then, SPG shares have increased by 2.5% and is now trading at $146.17.
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 Wednesday, August 7th 2024.
View our SPG earnings forecast
.

How were Simon Property Group's earnings last quarter?

Simon Property Group, Inc. (NYSE:SPG) posted its quarterly earnings results on Monday, May, 6th. The real estate investment trust reported $2.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.80 by $0.55. The real estate investment trust earned $1.44 billion during the quarter, compared to analyst estimates of $1.31 billion. Simon Property Group had a trailing twelve-month return on equity of 78.50% and a net margin of 46.49%. Simon Property Group's revenue was up 6.8% compared to the same quarter last year. During the same period last year, the business earned $2.74 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 announced a quarterly dividend on Monday, May 6th. Shareholders of record on Friday, June 7th will be paid a dividend of $2.00 per share on Friday, June 28th. This represents a $8.00 annualized dividend and a dividend yield of 5.47%. The ex-dividend date is Friday, June 7th. This is an increase from the stock's previous quarterly dividend of $1.95.
Read our dividend analysis for SPG
.

Is Simon Property Group a good dividend stock?

Simon Property Group (NYSE:SPG) pays an annual dividend of $7.80 per share and currently has a dividend yield of 5.33%. 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 99.36%. 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 62.75% 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 announced that its Board of Directors has approved a stock buyback plan on Thursday, February 8th 2024, which authorizes the company to buyback $2,000,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 4.2% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's management believes its stock is 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, May, 6th. The company provided earnings per share guidance of 12.750-12.900 for the period, compared to the consensus estimate of 12.080. 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 a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (14.23%), Price T Rowe Associates Inc. MD (1.36%), Daiwa Securities Group Inc. (1.29%), Bank of New York Mellon Corp (0.78%), Centersquare Investment Management LLC (0.56%) and Russell Investments Group Ltd. (0.49%). Insiders that own company stock include Brian J Mcdade, 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 5/23/2024 by MarketBeat.com Staff

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