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

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Simon Property Group in the last year. There are currently 5 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" SPG shares.
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11 Wall Street research analysts have issued 1 year price targets for Simon Property Group's shares. Their SPG share price forecasts range from $100.00 to $160.00. On average, they anticipate the company's share price to reach $127.63 in the next year. This suggests a possible upside of 24.7% from the stock's current price.
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Simon Property Group's stock was trading at $117.48 at the start of the year. Since then, SPG stock has decreased by 12.9% and is now trading at $102.36.
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The company is scheduled to release its next quarterly earnings announcement on Monday, August 7th 2023.
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Simon Property Group, Inc. (NYSE:SPG) released its quarterly earnings results on Monday, February, 6th. The real estate investment trust reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.14 by $1.08. The real estate investment trust earned $1.40 billion during the quarter, compared to analysts' expectations of $1.29 billion. Simon Property Group had a net margin of 40.49% and a trailing twelve-month return on equity of 62.26%. Simon Property Group's revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.09 earnings per share.
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Simon Property Group announced a quarterly dividend on Tuesday, May 2nd. Investors of record on Friday, June 9th will be paid a dividend of $1.85 per share on Friday, June 30th. This represents a $7.40 dividend on an annualized basis and a dividend yield of 7.23%. The ex-dividend date is Thursday, June 8th. This is an increase from the stock's previous quarterly dividend of $1.80.
Read our dividend analysis for SPG.

ETFs with the largest weight of Simon Property Group (NYSE:SPG) stock in their portfolio include Direxion Daily S&P 500 Bull 3X (SPXL), Direxion Daily S&P 500 Bull 2X Shares (SPUU), Direxion Daily Real Estate Bull 3X Shares (DRN), ALPS Active REIT ETF (REIT), iShares US Credit Bond ETF (CRED), iShares Cohen & Steers REIT ETF (ICF), FlexShares Global Quality Real Estate Index Fund (GQRE) and Real Estate Select Sector SPDR Fund (XLRE).

Simon Property Group (NYSE:SPG) pays an annual dividend of $7.20 per share and currently has a dividend yield of 7.03%. 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 109.09%. 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 58.54% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SPG.

Simon Property Group updated its FY 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share guidance of $11.80-$11.95 for the period, compared to the consensus EPS estimate of $11.93. 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "SPG."

Simon Property Group's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (10.59%), State Street Corp (6.94%), Geode Capital Management LLC (2.49%), FMR LLC (1.81%), Dimensional Fund Advisors LP (1.41%) and Daiwa Securities Group Inc. (1.37%). Insiders that own company stock include Daniel C Smith, J Albert Smith Jr, Karen N Horn, Marta R Stewart, Peggy Fang Roe 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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One share of SPG stock can currently be purchased for approximately $102.36.

Simon Property Group (NYSE:SPG) has a market capitalization of $33.47 billion and generates $5.29 billion in revenue each year. The real estate investment trust earns $2.14 billion in net income (profit) each year or $6.60 on an earnings per share basis.

The company employs 3,300 workers across the globe.

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.