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

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.
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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%.
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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.
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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.
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The company is scheduled to release its next quarterly earnings announcement on Monday, February 5th 2024.
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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.
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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.

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.

ETFs with the largest weight of Simon Property Group (NYSE:SPG) stock in their portfolio include iShares US Credit Bond ETF (CRED), ALPS Active REIT ETF (REIT), iShares Cohen & Steers REIT ETF (ICF), FlexShares Global Quality Real Estate Index Fund (GQRE), Real Estate Select Sector SPDR Fund (XLRE), SPDR Dow Jones REIT ETF (RWR), iShares Core U.S. REIT ETF (USRT) and InfraCap Equity Income Fund ETF (ICAP).

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 -.

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.

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).

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/.
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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.
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