S&P 500   4,585.61 (+0.80%)
DOW   36,125.48 (+0.20%)
QQQ   390.37 (+1.38%)
AAPL   194.22 (+0.99%)
MSFT   370.42 (+0.44%)
META   326.95 (+2.99%)
GOOGL   137.26 (+5.57%)
AMZN   146.61 (+1.45%)
TSLA   241.49 (+0.89%)
NVDA   464.61 (+2.11%)
NIO   7.48 (-3.48%)
BABA   72.22 (+1.02%)
AMD   128.46 (+9.96%)
T   17.06 (+0.71%)
F   10.87 (+1.68%)
MU   73.88 (+1.03%)
CGC   0.72 (+2.78%)
GE   119.08 (-0.61%)
DIS   92.43 (+1.02%)
AMC   6.81 (+0.29%)
PFE   28.71 (-0.28%)
PYPL   58.48 (-1.76%)
XOM   98.21 (-0.91%)
S&P 500   4,585.61 (+0.80%)
DOW   36,125.48 (+0.20%)
QQQ   390.37 (+1.38%)
AAPL   194.22 (+0.99%)
MSFT   370.42 (+0.44%)
META   326.95 (+2.99%)
GOOGL   137.26 (+5.57%)
AMZN   146.61 (+1.45%)
TSLA   241.49 (+0.89%)
NVDA   464.61 (+2.11%)
NIO   7.48 (-3.48%)
BABA   72.22 (+1.02%)
AMD   128.46 (+9.96%)
T   17.06 (+0.71%)
F   10.87 (+1.68%)
MU   73.88 (+1.03%)
CGC   0.72 (+2.78%)
GE   119.08 (-0.61%)
DIS   92.43 (+1.02%)
AMC   6.81 (+0.29%)
PFE   28.71 (-0.28%)
PYPL   58.48 (-1.76%)
XOM   98.21 (-0.91%)
S&P 500   4,585.61 (+0.80%)
DOW   36,125.48 (+0.20%)
QQQ   390.37 (+1.38%)
AAPL   194.22 (+0.99%)
MSFT   370.42 (+0.44%)
META   326.95 (+2.99%)
GOOGL   137.26 (+5.57%)
AMZN   146.61 (+1.45%)
TSLA   241.49 (+0.89%)
NVDA   464.61 (+2.11%)
NIO   7.48 (-3.48%)
BABA   72.22 (+1.02%)
AMD   128.46 (+9.96%)
T   17.06 (+0.71%)
F   10.87 (+1.68%)
MU   73.88 (+1.03%)
CGC   0.72 (+2.78%)
GE   119.08 (-0.61%)
DIS   92.43 (+1.02%)
AMC   6.81 (+0.29%)
PFE   28.71 (-0.28%)
PYPL   58.48 (-1.76%)
XOM   98.21 (-0.91%)
S&P 500   4,585.61 (+0.80%)
DOW   36,125.48 (+0.20%)
QQQ   390.37 (+1.38%)
AAPL   194.22 (+0.99%)
MSFT   370.42 (+0.44%)
META   326.95 (+2.99%)
GOOGL   137.26 (+5.57%)
AMZN   146.61 (+1.45%)
TSLA   241.49 (+0.89%)
NVDA   464.61 (+2.11%)
NIO   7.48 (-3.48%)
BABA   72.22 (+1.02%)
AMD   128.46 (+9.96%)
T   17.06 (+0.71%)
F   10.87 (+1.68%)
MU   73.88 (+1.03%)
CGC   0.72 (+2.78%)
GE   119.08 (-0.61%)
DIS   92.43 (+1.02%)
AMC   6.81 (+0.29%)
PFE   28.71 (-0.28%)
PYPL   58.48 (-1.76%)
XOM   98.21 (-0.91%)

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

$131.27
-0.46 (-0.35%)
(As of 03:09 PM ET)
Compare
Today's Range
$129.08
$131.34
50-Day Range
$103.34
$131.73
52-Week Range
$100.17
$133.08
Volume
1.11 million shs
Average Volume
1.51 million shs
Market Capitalization
$42.83 billion
P/E Ratio
19.45
Dividend Yield
5.79%
Price Target
$128.90

Simon Property Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.57 Rating Score
Upside/​Downside
1.3% Downside
$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
0.96mentions of Simon Property Group in the last 14 days
Based on 15 Articles This Week
Insider Trading
Acquiring Shares
$103,022 Bought Last Quarter
Proj. Earnings Growth
-0.08%
From $12.17 to $12.16 Per Share

Overall MarketRank

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

1.99 out of 5 stars

Real Estate Sector

29th out of 46 stocks

REIT - Retail Industry

4th out of 5 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
Recent Reports Are A Wake-Up Call For Investors
As the demand for lithium, an essential element to the energy revolution, increases globally, researchers are projecting a supply deficit as early as 2025. This has sparked a worldwide "gold rush" to find and develop new sources of this critical metal. Savvy investors are paying attention as mining companies race to meet this critical deadline.
Simon Property Group Inc's Dividend Analysis
Recent Reports Are A Wake-Up Call For Investors
As the demand for lithium, an essential element to the energy revolution, increases globally, researchers are projecting a supply deficit as early as 2025. This has sparked a worldwide "gold rush" to find and develop new sources of this critical metal. Savvy investors are paying attention as mining companies race to meet this critical deadline.
2 Bargain Basement Stocks to Buy on the Dip
Simon Property Thinks Its Stock Is Cheap. Time to Buy?
Simon® Takes Holiday Shopping to a New Level Thanks to AI
Q3 2023 Simon Property Group Inc Earnings Call
See More Headlines
Receive SPG Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Simon Property Group and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
2/06/2023
Ex-Dividend for 9/29 Dividend
9/07/2023
Dividend Payable
9/29/2023
Today
12/07/2023
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
REIT - Retail
Sub-Industry
Retail REITs
CUSIP
82880610
Employees
2,500
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
-1.3%
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
$10.15 per share
Book Value
$10.41 per share

Miscellaneous

Free Float
298,255,000
Market Cap
$42.62 billion
Optionable
Optionable
Beta
1.58

Social Links

7 AI Stocks to Invest In: An Introduction to AI Investing For Self-Directed Investors Cover

As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.

Get This Free Report

Key Executives

Should I Buy Simon Property Group Stock? SPG Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Simon Property Group was last updated on Sunday, December 3, 2023 at 5:06 PM.

Pros

Here are some ways that investors could benefit from investing in Simon Property Group, Inc.:

  • Strong institutional investor ownership: Simon Property Group has a high percentage of institutional investors and hedge funds, indicating confidence in the company's performance.
  • Recent insider buying: CFO Brian J. Mcdade purchased shares of Simon Property Group, signaling confidence in the company's future prospects.
  • Stable real estate investment: Simon Property Group is a real estate investment trust (REIT), which provides investors with stable income through rental payments from its properties.
  • Positive momentum in apparel stocks: According to an article, apparel stocks, including Simon Property Group, have been soaring at 52-week highs, indicating potential growth opportunities.
  • Attractive stock price: The current stock price of Simon Property Group is favorable for investors looking for potential value opportunities.

Cons

Investors should be bearish about investing in Simon Property Group, Inc. for these reasons:

  • Decreased stake by Northern Trust Corp: Northern Trust Corp reduced its stake in Simon Property Group, which may indicate a lack of confidence in the company's future performance.
  • Competitive retail market: Simon Property Group operates in a highly competitive retail market, which may pose challenges in maintaining market share and profitability.
  • Potential impact of economic downturns: As a real estate investment trust, Simon Property Group's performance may be affected by economic downturns, which can impact consumer spending and demand for retail space.
  • Regulatory risks: Changes in regulations related to real estate and retail industry can impact Simon Property Group's operations and profitability.
  • Uncertainty in the post-pandemic recovery: The ongoing COVID-19 pandemic and its aftermath may continue to pose uncertainties for Simon Property Group's business, including potential disruptions in consumer behavior and retail trends.














SPG Stock Analysis - Frequently Asked Questions

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

7 Wall Street equities 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 equities 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 research analysts have issued 12-month price targets for Simon Property Group's shares. Their SPG share price targets range from $106.00 to $150.00. On average, they predict the company's share price to reach $128.90 in the next year. This suggests that the stock has a possible downside of 1.4%.
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 start of the year. Since then, SPG shares have increased by 11.3% and is now trading at $130.76.
View the best growth stocks for 2023 here
.

Are investors shorting Simon Property Group?

Simon Property Group saw a decrease in short interest during the month of October. As of October 31st, there was short interest totaling 3,970,000 shares, a decrease 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 short-interest ratio is presently 2.6 days. Approximately 1.2% of the shares of the company 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) posted its quarterly earnings results on Monday, February, 6th. The real estate investment trust reported $2.06 earnings per share 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 last year, the firm posted $3.09 earnings per share.
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 Monday, October 30th. Shareholders 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 annualized dividend and a yield of 5.81%. The ex-dividend date of this dividend 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 5.90%. 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 62.50% 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 EPS guidance of $12.15-$12.25 for the period, compared to the consensus 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 a number of retail and institutional investors. Top institutional investors 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 12/7/2023 by MarketBeat.com Staff

My Account -