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NYSE:SPG

Simon Property Group - SPG Stock Forecast, Price & News

$128.29
-0.32 (-0.25%)
(As of 01/30/2023 12:14 PM ET)
Add
Compare
Today's Range
$126.94
$128.85
50-Day Range
$115.06
$128.61
52-Week Range
$86.02
$149.98
Volume
433,402 shs
Average Volume
1.44 million shs
Market Capitalization
$41.94 billion
P/E Ratio
21.42
Dividend Yield
5.60%
Price Target
$130.00

Simon Property Group MarketRank™ Forecast

Analyst Rating
Hold
2.45 Rating Score
Upside/​Downside
1.3% Upside
$130.00 Price Target
Short Interest
Healthy
1.95% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.10
Upright™ Environmental Score
News Sentiment
1.33mentions of Simon Property Group in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
3.77%
From $11.68 to $12.12 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.10 out of 5 stars

Finance Sector

597th out of 891 stocks

Real Estate Investment Trusts Industry

128th out of 191 stocks


SPG stock logo

About Simon Property Group (NYSE:SPG) Stock

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.

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SPG Stock News Headlines

Invicta Selects Clip to Manage Business Deposits
Profit From the Commercial Solar Boom?
Solar energy had its best year ever in 2021, with a record 24 gigawatts of power installed. That's enough to power 18 million homes! Analysts expect the global solar farm market to reach $356 billion by 2028. The utility segment of the solar market is expected to grow at the highest annual growth rate in the industry, especially with the many tax incentives now offered.
"We need batteries. Literally everywhere."
Pretty much every technological megatrend today requires batteries. That includes EVs... 5G... AI... charging stations... and smart energy storage systems. Find out why the U.S. just added graphite to a list of super-critical minerals, calling it "essential for America's National Defense."
Simon Property (SPG) Shares Rally 31.6% QTD: Here's Why
Simon Property: Cheaply Valued For The Long Run
Is Simon Property Group a Great Buy Right Now?
Simon Property Group PT Raised to $120 at Citi
See More Headlines
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SPG Company Calendar

Last Earnings
8/01/2022
Ex-Dividend for 12/30 Dividend
12/08/2022
Dividend Payable
12/30/2022
Today
1/30/2023
Next Earnings (Confirmed)
2/06/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Retail REITs
Sector
Finance
CUSIP
82880610
Employees
3,300
Year Founded
1993

Price Target and Rating

Average Stock Price Forecast
$130.00
High Stock Price Forecast
$165.00
Low Stock Price Forecast
$100.00
Forecasted Upside/Downside
+1.3%
Consensus Rating
Hold
Rating Score (0-4)
2.45
Research Coverage
11 Analysts

Profitability

Net Income
$2.25 billion
Pretax Margin
33.92%

Debt

Sales & Book Value

Annual Sales
$5.12 billion
Cash Flow
$10.40 per share
Book Value
$11.11 per share

Miscellaneous

Free Float
299,163,000
Market Cap
$41.94 billion
Optionable
Optionable
Beta
1.47

Social Links


Key Executives

  • Mr. David E. SimonMr. David E. Simon (Age 61)
    Chairman, CEO & Pres
    Comp: $5.02M
  • Mr. Brian J. McDade (Age 44)
    Exec. VP & CFO
    Comp: $1.19M
  • Mr. John Rulli (Age 67)
    Chief Admin. Officer
    Comp: $1.42M
  • Mr. Steven E. Fivel (Age 62)
    Gen. Counsel & Sec.
    Comp: $1.42M
  • Mr. Steven K. BroadwaterMr. Steven K. Broadwater (Age 56)
    Sr. VP of Financial Reporting & Operations
  • Mr. Stanley Shashoua (Age 52)
    Chief Investment Officer
  • Mr. Adam J. Reuille (Age 48)
    Sr. VP & Chief Accounting Officer
  • Joseph W. Chiappetta
    Sr. VP & Chief Technology Officer
  • Mr. Thomas Ward (Age 54)
    Sr. VP of Investor Relations
  • Ali Slocum
    VP of PR













SPG Stock - Frequently Asked Questions

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

11 Wall Street equities research 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. The consensus among Wall Street equities research analysts is that investors should "hold" SPG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SPG, but not buy additional shares or sell existing shares.
View SPG analyst ratings
or view top-rated stocks.

What is Simon Property Group's stock price forecast for 2023?

11 Wall Street research analysts have issued 1 year price objectives for Simon Property Group's stock. Their SPG share price forecasts range from $100.00 to $165.00. On average, they predict the company's share price to reach $130.00 in the next year. This suggests a possible upside of 1.1% from the stock's current price.
View analysts price targets for SPG
or view top-rated stocks among Wall Street analysts.

How have SPG shares performed in 2023?

Simon Property Group's stock was trading at $117.48 at the beginning of 2023. Since then, SPG stock has increased by 9.5% and is now trading at $128.61.
View the best growth stocks for 2023 here
.

When is Simon Property Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, February 6th 2023.
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, February 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 "13735353".

How were Simon Property Group's earnings last quarter?

Simon Property Group, Inc. (NYSE:SPG) announced its quarterly earnings results on Monday, August, 1st. The real estate investment trust reported $1.51 EPS for the quarter, topping the consensus estimate of $1.43 by $0.08. The real estate investment trust earned $1.28 billion during the quarter, compared to analyst estimates of $1.25 billion. Simon Property Group had a net margin of 37.74% and a trailing twelve-month return on equity of 54.59%. The company's quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.92 earnings per share.
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 Tuesday, November 1st. Shareholders of record on Friday, December 9th will be paid a dividend of $1.80 per share on Friday, December 30th. This represents a $7.20 annualized dividend and a dividend yield of 5.60%. The ex-dividend date is Thursday, December 8th. This is a positive change from the stock's previous quarterly dividend of $1.75.
Read our dividend analysis for SPG
.

Is Simon Property Group a good dividend stock?

Simon Property Group (NYSE:SPG) pays an annual dividend of $7.20 per share and currently has a dividend yield of 5.60%. 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 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 120.20%. 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 59.41% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SPG.

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

Simon Property Group updated its FY 2022 earnings guidance on Tuesday, November, 8th. The company provided EPS guidance of $11.83-$11.88 for the period, compared to the consensus estimate of $11.67. 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).

What is Simon Property Group's stock symbol?

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

Who are Simon Property Group's major shareholders?

Simon Property Group's stock is owned by many different retail and institutional investors. Top institutional investors include Strs Ohio (0.14%), New York State Teachers Retirement System (0.12%), Allspring Global Investments Holdings LLC (0.09%), Douglas Lane & Associates LLC (0.08%), Capital Advisors Inc. OK (0.07%) and State of Alaska Department of Revenue (0.06%). Insiders that own company stock include Daniel C Smith, David Simon, Glyn Aeppel, Herbert Simon, J Albert Smith Jr, Larry C Glasscock, 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Simon Property Group's stock price today?

One share of SPG stock can currently be purchased for approximately $128.61.

How much money does Simon Property Group make?

Simon Property Group (NYSE:SPG) has a market capitalization of $42.05 billion and generates $5.12 billion in revenue each year. The real estate investment trust earns $2.25 billion in net income (profit) each year or $5.99 on an earnings per share basis.

How many employees does Simon Property Group have?

The company employs 3,300 workers across the globe.

How can I contact Simon Property Group?

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.

This page (NYSE:SPG) was last updated on 1/30/2023 by MarketBeat.com Staff