NYSE:SPG

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

$142.82
-0.96 (-0.67%)
(As of 04/24/2024 ET)
Today's Range
$141.62
$143.73
50-Day Range
$140.35
$156.49
52-Week Range
$100.17
$157.82
Volume
1.11 million shs
Average Volume
1.13 million shs
Market Capitalization
$46.55 billion
P/E Ratio
20.46
Dividend Yield
5.46%
Price Target
$140.22

Simon Property Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
1.8% Downside
$140.22 Price Target
Short Interest
Healthy
1.43% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.10
Upright™ Environmental Score
News Sentiment
0.98mentions of Simon Property Group in the last 14 days
Based on 11 Articles This Week
Insider Trading
Acquiring Shares
$24,054 Bought Last Quarter
Proj. Earnings Growth
3.07%
From $12.06 to $12.43 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.68 out of 5 stars

Finance Sector

351st out of 847 stocks

Real Estate Investment Trusts Industry

75th out of 178 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

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Company Calendar

Last Earnings
2/05/2024
Ex-Dividend for 3/29 Dividend
3/07/2024
Dividend Payable
3/29/2024
Today
4/24/2024
Next Earnings (Confirmed)
5/06/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Retail REITs
CUSIP
82880610
Employees
3,000
Year Founded
1993

Price Target and Rating

Average Stock Price Target
$140.22
High Stock Price Target
$172.00
Low Stock Price Target
$106.00
Potential Upside/Downside
-1.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
8 Analysts

Profitability

Net Income
$2.28 billion
Pretax Margin
41.06%

Debt

Sales & Book Value

Annual Sales
$5.66 billion
Cash Flow
$11.56 per share
Book Value
$10.06 per share

Miscellaneous

Free Float
297,872,000
Market Cap
$46.55 billion
Optionable
Optionable
Beta
1.65

Social Links

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Key Executives

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

Pros

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

  • Simon Property Group, Inc. has shown consistent growth in its stock price, indicating a positive trend in the market.
  • The company has a strong presence in the global retail real estate market, providing stability and potential for long-term growth.
  • Simon Property Group, Inc. is a part of the S&P100 index, signifying its position as a significant player in the industry.
  • The company's diversified business interests, including ownership of the NBA franchise Indiana Pacers, offer additional revenue streams and investment opportunities.
  • With a history of successful acquisitions and developments, Simon Property Group, Inc. has demonstrated its ability to adapt to changing market conditions.

Cons

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

  • The retail real estate sector can be sensitive to economic downturns, impacting the company's revenue and profitability.
  • Changes in consumer behavior, such as the shift towards online shopping, may pose challenges to traditional retail real estate businesses like Simon Property Group, Inc.
  • Market volatility and interest rate fluctuations can affect the company's financial performance and stock valuation.
  • Increased competition in the retail real estate industry could pressure Simon Property Group, Inc.'s market share and margins.
  • Regulatory changes or legal issues related to real estate development and ownership could pose risks to the company's operations and financial health.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, April 12, 2024. Please send any questions or comments about these Simon Property Group pros and cons to contact@marketbeat.com.

SPG Stock Analysis - Frequently Asked Questions

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

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Simon Property Group in the last twelve months. There are currently 4 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?

8 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 $172.00. On average, they expect the company's share price to reach $140.22 in the next twelve months. This suggests that the stock has a possible downside of 1.8%.
View analysts price targets for SPG
or view top-rated stocks among Wall Street analysts.

How have SPG shares performed in 2024?

Simon Property Group's stock was trading at $142.64 at the beginning of the year. Since then, SPG stock has increased by 0.1% and is now trading at $142.82.
View the best growth stocks for 2024 here
.

When is Simon Property Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 6th 2024.
View our SPG earnings forecast
.

How can I listen to Simon Property Group's earnings call?

Simon Property Group will be holding an earnings conference call on Monday, May 6th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "13745980".

How were Simon Property Group's earnings last quarter?

Simon Property Group, Inc. (NYSE:SPG) issued its earnings results on Monday, February, 5th. The real estate investment trust reported $2.29 EPS for the quarter, missing the consensus estimate of $3.34 by $1.05. The real estate investment trust had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.38 billion. Simon Property Group had a net margin of 42.30% and a trailing twelve-month return on equity of 70.97%. The business's revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.15 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, February 5th. Investors of record on Friday, March 8th will be paid a dividend of $1.95 per share on Friday, March 29th. This represents a $7.80 annualized dividend and a yield of 5.46%. The ex-dividend date is Thursday, March 7th. This is a positive change from the stock's previous quarterly dividend of $1.90.
Read our dividend analysis for SPG
.

Is Simon Property Group a good dividend stock?

Simon Property Group (NYSE:SPG) pays an annual dividend of $7.80 per share and currently has a dividend yield of 5.55%. 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 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 111.75%. 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 62.75% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SPG.

How will Simon Property Group's stock buyback program work?

Simon Property Group declared that its board has authorized a share repurchase program on Thursday, February 8th 2024, which permits the company to buyback $2,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 4.2% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.

What guidance has Simon Property Group issued on next quarter's earnings?

Simon Property Group updated its FY 2024 earnings guidance on Monday, February, 5th. The company provided EPS guidance of 11.850-12.100 for the period, compared to the consensus earnings per share estimate of 12.200. 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 variety of institutional and retail investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.46%), Allspring Global Investments Holdings LLC (0.09%), Sapient Capital LLC (0.09%), Raymond James & Associates (0.08%), Douglas Lane & Associates LLC (0.08%) and State of Alaska Department of Revenue (0.06%). Insiders that own company stock include Brian J Mcdade, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:SPG) was last updated on 4/25/2024 by MarketBeat.com Staff

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