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NYSE:SPG

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

$152.11
+1.67 (+1.11%)
(As of 11:39 AM ET)
Today's Range
$149.90
$152.11
50-Day Range
$136.79
$151.51
52-Week Range
$100.17
$153.11
Volume
267,747 shs
Average Volume
1.55 million shs
Market Capitalization
$49.57 billion
P/E Ratio
21.79
Dividend Yield
5.00%
Price Target
$139.33

Simon Property Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
7.4% Downside
$139.33 Price Target
Short Interest
Healthy
1.26% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.10
Upright™ Environmental Score
News Sentiment
0.53mentions of Simon Property Group in the last 14 days
Based on 26 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
3.74%
From $12.04 to $12.49 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.

4.37 out of 5 stars

Finance Sector

192nd out of 865 stocks

Real Estate Investment Trusts Industry

31st out of 179 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

3 Hot Stocks Bought by Members of Congress: Follow the Money
The STOCK Act of 2012 was supposed to halt insider trading by members of Congress, but let's be honest. The STOCK Act can't really stop Congresspeople from trading on insider knowledge; they're in a position to get it, which will influence investment decisions.
3 Hot Stocks Bought by Members of Congress: Follow the Money (SPG)
Palo Alto Networks, Simon Property Group and JPMorgan Chase are the top three stocks bought by Members of Congress in February;
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Higher VIX just made Realty Income’s 6% dividend better (SPG)
Realty Income stock could soon attract a new flow of investors, the same ones that just booked a 50% profit on this other REIT, finding more safety here.
Analysts jumped on this stock ahead of earnings; markets love it (SPG)
Simon Property Group is a REIT stock attracting lots of market - and analyst - interest to it, willing to boost targets and overpay for the underlying property
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
The 3 Most Popular Stocks Owned by Congress in Q1
Simon Property Group, Inc.: Raising target
Invest Like Jeff Bezos With This Hack
See More Headlines
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Company Calendar

Ex-Dividend for 12/29 Dividend
12/07/2023
Dividend Payable
12/29/2023
Last Earnings
2/05/2024
Today
3/04/2024
Ex-Dividend for 3/29 Dividend
3/07/2024
Dividend Payable
3/29/2024
Next Earnings (Estimated)
5/07/2024
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
$139.33
High Stock Price Target
$172.00
Low Stock Price Target
$106.00
Potential Upside/Downside
-7.4%
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
$11.52 per share
Book Value
$10.59 per share

Miscellaneous

Free Float
298,198,000
Market Cap
$49.03 billion
Optionable
Optionable
Beta
1.65

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Key Executives

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

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Simon Property Group was last updated on Friday, March 1, 2024 at 8:11 PM.

Pros

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

  • Simon Property Group, Inc. is a real estate investment trust that owns premier shopping, dining, and entertainment destinations across North America, Europe, and Asia, providing stable income streams from diverse locations.
  • The company is an S&P 100 company, indicating its strong market presence and stability within the index.
  • Recent insider selling at JPM suggests a potential buy-the-dip opportunity, which could be advantageous for investors considering SPG.
  • Stock sentiment analysis indicates positive market sentiment towards Simon Property Group, Inc., potentially leading to increased stock performance.
  • Simon Property Group, Inc.'s properties serve as community gathering places, attracting millions of people daily and generating significant annual sales, showcasing the company's strong revenue-generating capabilities.

Cons

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

  • Market volatility, especially in the real estate sector, could impact the stock price of Simon Property Group, Inc., leading to potential investment risks.
  • Uncertainty in the global economy may affect consumer spending habits, impacting the revenue generated by Simon Property Group, Inc.'s properties.
  • Fluctuations in interest rates could influence the company's borrowing costs and overall financial performance, potentially affecting investor returns.
  • Changes in consumer preferences towards online shopping and e-commerce platforms may pose a threat to traditional brick-and-mortar retail spaces owned by Simon Property Group, Inc.
  • Earnings estimates and analyst rankings should be carefully monitored to assess the company's financial health and performance outlook, providing crucial insights for potential investors.














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 brokers have issued 12 month price targets for Simon Property Group's stock. Their SPG share price targets range from $106.00 to $172.00. On average, they predict the company's share price to reach $139.33 in the next year. This suggests that the stock has a possible downside of 7.4%.
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 2024. Since then, SPG stock has increased by 5.5% and is now trading at $150.52.
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 Tuesday, May 7th 2024.
View our SPG earnings forecast
.

How were Simon Property Group's earnings last quarter?

Simon Property Group, Inc. (NYSE:SPG) announced its quarterly earnings results on Monday, February, 5th. The real estate investment trust reported $2.29 EPS for the quarter, missing analysts' consensus estimates of $3.34 by $1.05. The real estate investment trust earned $1.53 billion during the quarter, compared to analysts' expectations 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 quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter last 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 given a dividend of $1.95 per share on Friday, March 29th. This represents a $7.80 annualized dividend and a yield of 5.18%. The ex-dividend date of this dividend 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 $7.60 per share and currently has a dividend yield of 5.05%. 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 108.88%. 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 60.85% 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 announced that its board has initiated a share repurchase plan on Thursday, February 8th 2024, which permits the company to buyback $2,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 4.2% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's leadership believes its shares are undervalued.

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

Simon Property Group issued an update on its FY 2024 earnings guidance on Monday, February, 5th. The company provided earnings per share (EPS) guidance of 11.850-12.100 for the period, compared to the consensus 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 shareholders include Vanguard Group Inc. (14.01%), Cohen & Steers Inc. (7.04%), Norges Bank (5.50%), Daiwa Securities Group Inc. (1.51%), Legal & General Group Plc (1.51%) and Dimensional Fund Advisors LP (1.42%). Insiders that own company stock include Brian J Mcdade, J Albert Smith Jr, 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 3/4/2024 by MarketBeat.com Staff