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S&P 500   4,550.58
DOW   35,430.42
QQQ   389.81
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[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
These are the top sectors for blue chip growth in 2024
MercadoLibre up 28% as Latin American ecommerce poised for growth
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The 4 highest-shorted large-cap stocks
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[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
What’s next for GM stock: Buybacks and a dividend increase
General Motors, NetApp rise; Petco, Hormel Foods fall, Wednesday, 11/29/2023
S&P 500   4,550.58
DOW   35,430.42
QQQ   389.81
How to trade penny stocks: A step-by-step guide
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
These are the top sectors for blue chip growth in 2024
MercadoLibre up 28% as Latin American ecommerce poised for growth
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
The 4 highest-shorted large-cap stocks
The top-rated strong-buy stocks on Marketbeat’s radar
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
What’s next for GM stock: Buybacks and a dividend increase
General Motors, NetApp rise; Petco, Hormel Foods fall, Wednesday, 11/29/2023

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

$122.76
+0.66 (+0.54%)
(As of 11/29/2023 ET)
Compare
Today's Range
$122.58
$124.51
50-Day Range
$103.34
$122.76
52-Week Range
$100.17
$133.08
Volume
1.15 million shs
Average Volume
1.30 million shs
Market Capitalization
$40.05 billion
P/E Ratio
18.19
Dividend Yield
6.19%
Price Target
$128.90

Simon Property Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.57 Rating Score
Upside/​Downside
5.0% Upside
$128.90 Price Target
Short Interest
Healthy
1.32% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.10
Upright™ Environmental Score
News Sentiment
1.19mentions of Simon Property Group in the last 14 days
Based on 6 Articles This Week
Insider Trading
Acquiring Shares
$103,022 Bought Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

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

2.00 out of 5 stars

Finance Sector

609th out of 878 stocks

Real Estate Investment Trusts Industry

119th out of 183 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

Ride the momentum: Apparel stocks soaring at 52-week highs
These two stocks carry the consumer discretionary industry forward this quarter, joining the market's bullish sentiment toward them.
Last chance alert: Seize an unbeatable deal on Realty Income (SPG)
Realty Income is offering you the last chance to acquire its stock at these ridiculous discounts, analysts and markets agree on this being the best option
The Only Practical Solution to the World’s Looming Energy Crisis
There’s just one problem: There are more plans for new uses of nuclear than there is uranium to fuel the plants!
MarketBeat ‘Stock of the Week’: Spirit Realty deal rattles REITs (SPG)
A deal between Realty Income and Spirit Realty could create a retail REIT with greater market clout - and boost the sector’s long-term growth prospects.
2 Bargain Basement Stocks to Buy on the Dip
Simon Property Thinks Its Stock Is Cheap. Time to Buy?
The Only Practical Solution to the World’s Looming Energy Crisis
There’s just one problem: There are more plans for new uses of nuclear than there is uranium to fuel the plants!
Simon® Takes Holiday Shopping to a New Level Thanks to AI
Q3 2023 Simon Property Group Inc Earnings Call
A Preview Of Simon Property Group's Earnings
Kimco Realty (KIM) Beats Q3 FFO and Revenue Estimates
Simon Property Group: Malls Are Not Dead
SPG_pj Historical Data
See More Headlines
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Company Calendar

Last Earnings
2/06/2023
Ex-Dividend for 9/29 Dividend
9/07/2023
Dividend Payable
9/29/2023
Today
11/30/2023
Ex-Dividend for 12/29 Dividend
12/07/2023
Dividend Payable
12/29/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/05/2024

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 Target
$128.90
High Stock Price Target
$150.00
Low Stock Price Target
$106.00
Potential Upside/Downside
+5.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57
Research Coverage
7 Analysts

Profitability

Net Income
$2.14 billion
Pretax Margin
39.14%

Debt

Sales & Book Value

Annual Sales
$5.29 billion
Cash Flow
$10.06 per share
Book Value
$10.33 per share

Miscellaneous

Free Float
298,516,000
Market Cap
$40.05 billion
Optionable
Optionable
Beta
1.58

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Key Executives















SPG Stock Analysis - Frequently Asked Questions

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

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Simon Property Group in the last year. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research 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 target for 2024?

7 Wall Street analysts have issued 12 month target prices for Simon Property Group's shares. Their SPG share price targets range from $106.00 to $150.00. On average, they anticipate the company's share price to reach $128.90 in the next year. This suggests a possible upside of 5.0% 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 on January 1st, 2023. Since then, SPG stock has increased by 4.5% and is now trading at $122.76.
View the best growth stocks for 2023 here
.

Are investors shorting Simon Property Group?

Simon Property Group saw a decline in short interest in October. As of October 31st, there was short interest totaling 3,970,000 shares, a decline of 17.1% from the October 15th total of 4,790,000 shares. Based on an average daily trading volume, of 1,510,000 shares, the days-to-cover ratio is presently 2.6 days. Approximately 1.2% of the shares of the stock are sold short.
View Simon Property Group's Short Interest
.

When is Simon Property Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, February 5th 2024.
View our SPG earnings forecast
.

How were Simon Property Group's earnings last quarter?

Simon Property Group, Inc. (NYSE:SPG) released its earnings results on Monday, February, 6th. The real estate investment trust reported $2.06 EPS for the quarter, missing the consensus estimate of $3.14 by $1.08. The real estate investment trust had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.29 billion. Simon Property Group had a trailing twelve-month return on equity of 64.91% and a net margin of 39.93%. The company's quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the company posted $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 announced a quarterly dividend on Monday, October 30th. Investors of record on Friday, December 8th will be given a dividend of $1.90 per share on Friday, December 29th. This represents a $7.60 dividend on an annualized basis and a yield of 6.19%. The ex-dividend date is Thursday, December 7th.
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 6.22%. 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 112.59%. 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 62.45% 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 issued an update on its FY 2023 earnings guidance on Monday, October, 30th. The company provided earnings per share guidance of $12.15-$12.25 for the period, compared to the consensus earnings per share estimate of $11.87. 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 many different retail and institutional investors. Top institutional shareholders include FMR LLC (1.81%), Morgan Stanley (1.79%), Daiwa Securities Group Inc. (1.58%), Northern Trust Corp (1.45%), JPMorgan Chase & Co. (1.41%) and Legal & General Group Plc (1.30%). Insiders that own company stock include Brian J Mcdade, Daniel C Smith, J Albert Smith Jr, 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:SPG) was last updated on 11/30/2023 by MarketBeat.com Staff

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