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Sinema took Wall Street money while killing tax on investors
Our Most Important Forecast in 50 Years Tectonic changes are on the way. (Ad)
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
Our Most Important Forecast in 50 Years Tectonic changes are on the way. (Ad)
The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
Former Deutsche Bank Co-CEO Anshu Jain dies
Germany urged to cap heat in offices this winter to save gas
New $2.2 Quadrillion Trend About To Open Up (Ad)pixel
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Our Most Important Forecast in 50 Years Tectonic changes are on the way. (Ad)
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
Our Most Important Forecast in 50 Years Tectonic changes are on the way. (Ad)
The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
Former Deutsche Bank Co-CEO Anshu Jain dies
Germany urged to cap heat in offices this winter to save gas
New $2.2 Quadrillion Trend About To Open Up (Ad)pixel
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Our Most Important Forecast in 50 Years Tectonic changes are on the way. (Ad)
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
Our Most Important Forecast in 50 Years Tectonic changes are on the way. (Ad)
The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
Former Deutsche Bank Co-CEO Anshu Jain dies
Germany urged to cap heat in offices this winter to save gas
New $2.2 Quadrillion Trend About To Open Up (Ad)pixel
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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Compare
Today's Range
$114.14
$115.99
50-Day Range
$94.00
$115.85
52-Week Range
$93.06
$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
0.22mentions of Simon Property Group in the last 14 days
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

SPG stock logo

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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SPG Stock News Headlines

Caribbean Moonshine plans Orlando craft distillery
Simon Property Group Revises FY22 Outlook
Simon Property (SPG) Q2 FFO Beat Estimates
Simon Property Group: Pessimism Has Gone Too Far
What 4 Analyst Ratings Have To Say About Simon Property Group
See More Headlines
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SPG Company Calendar

Ex-Dividend for 6/30 Dividend
6/08/2022
Dividend Payable
6/30/2022
Last Earnings
8/01/2022
Today
8/14/2022
Ex-Dividend for 9/30 Dividend
9/08/2022
Dividend Payable
9/30/2022
Next Earnings (Estimated)
11/07/2022
Fiscal Year End
12/31/2022

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 Forecast
$145.07
High Stock Price Forecast
$180.00
Low Stock Price Forecast
$100.00
Forecasted Upside/Downside
+25.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.64
Research Coverage
14 Analysts

Profitability

Net Income
$2.25 billion
Pretax Margin
35.76%

Debt

Sales & Book Value

Annual Sales
$5.12 billion
Cash Flow
$10.59 per share
Book Value
$10.18 per share

Miscellaneous

Free Float
313,765,000
Market Cap
$39.73 billion
Optionable
Optionable
Beta
1.49

Social Links


Key Executives














SPG Stock - Frequently Asked Questions

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

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Simon Property Group in the last year. There are currently 5 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" SPG shares.
View SPG analyst ratings
or view top-rated stocks.

What is Simon Property Group's stock price forecast for 2022?

14 analysts have issued 1-year target prices for Simon Property Group's stock. Their SPG share price forecasts range from $100.00 to $180.00. On average, they anticipate the company's share price to reach $145.07 in the next twelve months. This suggests a possible upside of 25.2% 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 2022?

Simon Property Group's stock was trading at $159.77 on January 1st, 2022. Since then, SPG shares have decreased by 27.5% and is now trading at $115.85.
View the best growth stocks for 2022 here
.

When is Simon Property Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, November 7th 2022.
View our SPG earnings forecast
.

How were Simon Property Group's earnings last quarter?

Simon Property Group, Inc. (NYSE:SPG) released its quarterly earnings data on Monday, August, 1st. The real estate investment trust reported $1.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.43 by $0.08. The real estate investment trust earned $1.28 billion during the quarter, compared to the consensus estimate of $1.25 billion. Simon Property Group had a trailing twelve-month return on equity of 56.93% and a net margin of 40.59%. Simon Property Group's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period last year, the firm posted $2.92 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 declared a quarterly dividend on Monday, August 1st. Shareholders of record on Friday, September 9th will be given a dividend of $1.75 per share on Friday, September 30th. This represents a $7.00 annualized dividend and a yield of 6.04%. The ex-dividend date is Thursday, September 8th. This is a boost from the stock's previous quarterly dividend of $1.70.
Read our dividend analysis for SPG
.

Is Simon Property Group a good dividend stock?

Simon Property Group (NYSE:SPG) pays an annual dividend of $6.80 per share and currently has a dividend yield of 5.96%. 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 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 106.08%. 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 55.69% 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 2022 earnings guidance on Monday, August, 8th. The company provided earnings per share (EPS) guidance of $11.70-$11.77 for the period. 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).

What is Simon Property Group's stock symbol?

Simon Property Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "SPG."

Who are Simon Property Group's major shareholders?

Simon Property Group's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include FMR LLC (1.73%), Northern Trust Corp (1.45%), JPMorgan Chase & Co. (1.15%), Principal Financial Group Inc. (0.63%), Sumitomo Mitsui Trust Holdings Inc. (0.61%) and Massachusetts Financial Services Co. MA (0.49%). Insiders that own company stock include Daniel C Smith, David Simon, Glyn Aeppel, Herbert Simon, J Albert Smith Jr, Larry C Glasscock, 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.

What is Simon Property Group's stock price today?

One share of SPG stock can currently be purchased for approximately $115.85.

How much money does Simon Property Group make?

Simon Property Group (NYSE:SPG) has a market capitalization of $39.73 billion and generates $5.12 billion in revenue each year. The real estate investment trust earns $2.25 billion in net income (profit) each year or $6.41 on an earnings per share basis.

How many employees does Simon Property Group have?

The company employs 3,300 workers across the globe.

When was Simon Property Group founded?

Simon Property Group was founded in 1993.

How can I contact Simon Property Group?

Simon Property Group's mailing address is 225 WEST WASHINGTON STREET, INDIANAPOLIS IN, 46204. The official website for the company is www.simon.com. The real estate investment trust can be reached via phone at (317) 636-1600, via email at tom.ward@simon.com, or via fax at 317-685-7222.

This page (NYSE:SPG) was last updated on 8/14/2022 by MarketBeat.com Staff

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