Simon Property Group Stock Forecast, Price & News

Simon Property Group's stock was trading at $101.50 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, SPG shares have decreased by 37.4% and is now trading at $63.58.
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16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Simon Property Group in the last year. There are currently 1 sell rating, 10 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Simon Property Group.

Simon Property Group is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for Simon Property Group.

Simon Property Group Inc (NYSE:SPG) announced its quarterly earnings data on Monday, August, 10th. The real estate investment trust reported $0.83 EPS for the quarter, missing the consensus estimate of $0.98 by $0.15. The real estate investment trust earned $1.06 billion during the quarter, compared to analyst estimates of $1.13 billion. Simon Property Group had a return on equity of 65.60% and a net margin of 32.88%. The business's quarterly revenue was down 24.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.60 earnings per share.
View Simon Property Group's earnings history.

Simon Property Group declared a quarterly dividend on Monday, June 29th. Stockholders of record on Friday, July 10th will be paid a dividend of $1.30 per share on Friday, July 24th. This represents a $5.20 annualized dividend and a dividend yield of 8.18%. The ex-dividend date of this dividend is Thursday, July 9th.
View Simon Property Group's dividend history.

Simon Property Group announced that its Board of Directors has initiated a stock repurchase program on Tuesday, February 12th 2019, which permits the company to repurchase $2,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 3.4% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its stock is undervalued.

16 brokerages have issued 1 year price objectives for Simon Property Group's shares. Their forecasts range from $49.00 to $218.00. On average, they expect Simon Property Group's share price to reach $93.88 in the next year. This suggests a possible upside of 47.6% from the stock's current price.
View analysts' price targets for Simon Property Group.

Some companies that are related to Simon Property Group include Realty Income (O), Regency Centers (REG), National Retail Properties (NNN), Federal Realty Investment Trust (FRT), Kimco Realty (KIM), Agree Realty (ADC), Weingarten Realty Investors (WRI), Taubman Centers (TCO), Alexander's (ALX), Retail Opportunity Investments (ROIC), Retail Properties of America (RPAI), Getty Realty (GTY), Macerich (MAC), Kite Realty Group Trust (KRG) and Acadia Realty Trust (AKR).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Simon Property Group investors own include AT&T (T), AbbVie (ABBV), Intel (INTC), Exxon Mobil (XOM), Walt Disney (DIS), Johnson & Johnson (JNJ), Pfizer (PFE), Cisco Systems (CSCO), Verizon Communications (VZ) and NVIDIA (NVDA).

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

Simon Property Group's stock is owned by a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (12.37%), BlackRock Inc. (9.90%), Nordea Investment Management AB (2.58%), APG Asset Management US Inc. (1.28%), Bank of New York Mellon Corp (1.25%) and PGGM Investments (1.22%). Company insiders that own Simon Property Group stock include David Simon, Glyn Aeppel, Herbert Simon, John Rulli, Larry C Glasscock and Reuben S Leibowitz.
View institutional ownership trends for Simon Property Group.

SPG stock was sold by a variety of institutional investors in the last quarter, including APG Asset Management US Inc., Charles Schwab Investment Management Inc., Advisor Group Holdings Inc., Canada Pension Plan Investment Board, Vanguard Group Inc., First Trust Advisors LP, Bank of Montreal Can, and Stifel Financial Corp.
View insider buying and selling activity for Simon Property Group.

SPG stock was acquired by a variety of institutional investors in the last quarter, including Nordea Investment Management AB, BlackRock Inc., FMR LLC, APG Asset Management N.V., Brookfield Asset Management Inc., FIL Ltd, ANTIPODES PARTNERS Ltd, and Cbre Clarion Securities LLC. Company insiders that have bought Simon Property Group stock in the last two years include David Simon, Glyn Aeppel, Herbert Simon, Larry C Glasscock, and Reuben S Leibowitz.
View insider buying and selling activity for Simon Property Group.

Shares of SPG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of SPG stock can currently be purchased for approximately $63.58.

Simon Property Group has a market capitalization of $20.38 billion and generates $5.76 billion in revenue each year. The real estate investment trust earns $2.10 billion in net income (profit) each year or $12.04 on an earnings per share basis. Simon Property Group employs 4,500 workers across the globe.

The official website for Simon Property Group is www.simon.com.

Simon Property Group's mailing address is 225 WEST WASHINGTON STREET, INDIANAPOLIS IN, 46204. The real estate investment trust can be reached via phone at 317-636-1600 or via email at [email protected]