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

$153.56
-0.78 (-0.51 %)
(As of 11/14/2019 11:03 AM ET)
Today's Range
$151.95
Now: $153.56
$154.38
50-Day Range
$146.54
MA: $152.30
$157.96
52-Week Range
$145.28
Now: $153.56
$191.49
Volume163,123 shs
Average Volume1.36 million shs
Market Capitalization$47.30 billion
P/E Ratio12.66
Dividend Yield5.40%
Beta0.52
Simon is a global leader 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.

Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryRetail REITs
SectorFinance
CUSIP82880610
Phone317-636-1600

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$5.66 billion
Cash Flow$11.69 per share
Book Value$9.86 per share

Profitability

Net Income$2.44 billion

Miscellaneous

Employees5,000
Market Cap$47.30 billion
Next Earnings Date2/7/2020 (Estimated)
OptionableOptionable

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Simon Property Group (NYSE:SPG) Frequently Asked Questions

What is Simon Property Group's stock symbol?

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

How often does Simon Property Group pay dividends? What is the dividend yield for Simon Property Group?

Simon Property Group declared a quarterly dividend on Wednesday, October 30th. Investors of record on Friday, November 15th will be given a dividend of $2.10 per share on Friday, November 29th. This represents a $8.40 annualized dividend and a yield of 5.47%. The ex-dividend date of this dividend is Thursday, November 14th. View Simon Property Group's Dividend History.

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

Simon Property Group declared that its board has authorized a stock buyback program on Tuesday, February 12th 2019, which allows the company to buyback $2,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 3.4% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's management believes its shares are undervalued.

How were Simon Property Group's earnings last quarter?

Simon Property Group Inc (NYSE:SPG) announced its earnings results on Wednesday, October, 30th. The real estate investment trust reported $1.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.05 by $1.28. The real estate investment trust earned $1.42 billion during the quarter, compared to the consensus estimate of $1.40 billion. Simon Property Group had a net margin of 40.23% and a return on equity of 66.93%. Simon Property Group's revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.05 EPS. View Simon Property Group's Earnings History.

When is Simon Property Group's next earnings date?

Simon Property Group is scheduled to release their next quarterly earnings announcement on Friday, February 7th 2020. View Earnings Estimates for Simon Property Group.

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

Simon Property Group updated its FY19 earnings guidance on Wednesday, October, 30th. The company provided EPS guidance of $12.33-12.38 for the period, compared to the Thomson Reuters consensus EPS estimate of $12.17.

What price target have analysts set for SPG?

11 Wall Street analysts have issued twelve-month target prices for Simon Property Group's stock. Their forecasts range from $157.00 to $218.00. On average, they expect Simon Property Group's stock price to reach $187.56 in the next year. This suggests a possible upside of 22.1% from the stock's current price. View Analyst Price Targets for Simon Property Group.

What is the consensus analysts' recommendation for Simon Property Group?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Simon Property Group in the last year. There are currently 6 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Simon Property Group.

Has Simon Property Group been receiving favorable news coverage?

News articles about SPG stock have trended somewhat negative this week, InfoTrie reports. The research firm scores the sentiment of press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Simon Property Group earned a media sentiment score of -1.4 on InfoTrie's scale. They also gave media stories about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the next few days. View News Stories for Simon Property Group.

Are investors shorting Simon Property Group?

Simon Property Group saw a decline in short interest in October. As of October 31st, there was short interest totalling 10,730,000 shares, a decline of 7.0% from the September 30th total of 11,540,000 shares. Based on an average daily volume of 1,500,000 shares, the short-interest ratio is presently 7.2 days. Currently, 3.5% of the company's shares are short sold. View Simon Property Group's Current Options Chain.

Who are some of Simon Property Group's key competitors?

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), Verizon Communications (VZ), Walt Disney (DIS), NVIDIA (NVDA), Johnson & Johnson (JNJ), Tanger Factory Outlet Centers (SKT), Exxon Mobil (XOM), IBM (IBM) and Cisco Systems (CSCO).

Who are Simon Property Group's key executives?

Simon Property Group's management team includes the folowing people:
  • Mr. David E. Simon, Chairman, CEO & Pres (Age 57)
  • Mr. Brian J. McDade, Exec. VP, CFO & Treasurer (Age 40)
  • Mr. John Rulli, Chief Admin. Officer & Pres of Malls (Age 63)
  • Mr. Steven E. Fivel, Gen. Counsel & Sec. (Age 58)
  • Mr. Larry Clayborn Glasscock, Lead Independent Director (Age 71)

Who are Simon Property Group's major shareholders?

Simon Property Group's stock is owned by a number of of retail and institutional investors. Top institutional investors include PGGM Investments (1.16%), Daiwa Securities Group Inc. (0.74%), California Public Employees Retirement System (0.71%), Sumitomo Mitsui Trust Holdings Inc. (0.50%), Russell Investments Group Ltd. (0.28%) and Massachusetts Financial Services Co. MA (0.27%). Company insiders that own Simon Property Group stock include John Rulli and Steven K Broadwater. View Institutional Ownership Trends for Simon Property Group.

Which major investors are selling Simon Property Group stock?

SPG stock was sold by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, SG Americas Securities LLC, Robeco Institutional Asset Management B.V., State of Alaska Department of Revenue, PGGM Investments, Duff & Phelps Investment Management Co., Timbercreek Investment Management Inc. and Great West Life Assurance Co. Can. View Insider Buying and Selling for Simon Property Group.

Which major investors are buying Simon Property Group stock?

SPG stock was purchased by a variety of institutional investors in the last quarter, including Daiwa Securities Group Inc., California Public Employees Retirement System, Gabalex Capital Management LLC, First Trust Advisors LP, Sumitomo Mitsui Trust Holdings Inc., Rhumbline Advisers, Mackay Shields LLC and Factory Mutual Insurance Co.. View Insider Buying and Selling for Simon Property Group.

How do I buy shares of 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.

What is Simon Property Group's stock price today?

One share of SPG stock can currently be purchased for approximately $153.56.

How big of a company is Simon Property Group?

Simon Property Group has a market capitalization of $47.30 billion and generates $5.66 billion in revenue each year. The real estate investment trust earns $2.44 billion in net income (profit) each year or $12.13 on an earnings per share basis. Simon Property Group employs 5,000 workers across the globe.View Additional Information About Simon Property Group.

What is Simon Property Group's official website?

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

How can I contact Simon Property Group?

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]


MarketBeat Community Rating for Simon Property Group (NYSE SPG)

Community Ranking:  3.2 out of 5 (star star star)
Outperform Votes:  767 (Vote Outperform)
Underperform Votes:  414 (Vote Underperform)
Total Votes:  1,181
MarketBeat's community ratings are surveys of what our community members think about Simon Property Group and other stocks. Vote "Outperform" if you believe SPG will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SPG will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/14/2019 by MarketBeat.com Staff

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