Simon Property Group Company Profile (NYSE:SPG)

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

Simon Property Group announced a quarterly dividend on Thursday, April 27th. Shareholders of record on Wednesday, May 17th will be paid a dividend of $1.75 per share on Wednesday, May 31st. This represents a $7.00 annualized dividend and a yield of 4.27%. The ex-dividend date of this dividend is Monday, May 15th. View Simon Property Group's Dividend History.

Simon Property Group, Inc. (NYSE:SPG) issued its quarterly earnings results on Wednesday, July, 27th. The company reported $2.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $2.62 by $0.01. The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.33 billion. Simon Property Group had a return on equity of 40.16% and a net margin of 34.99%. The company's revenue for the quarter was down 2.5% on a year-over-year basis. During the same period last year, the firm posted $2.41 earnings per share. View Simon Property Group's Earnings History.

Simon Property Group is scheduled to release their next quarterly earnings announcement on Tuesday, August, 1st 2017. View Earnings Estimates for Simon Property Group.

13 brokers have issued 12 month target prices for Simon Property Group's shares. Their predictions range from $158.00 to $231.00. On average, they anticipate Simon Property Group's share price to reach $192.00 in the next year. View Analyst Ratings for Simon Property Group.

Here are some recent quotes from research analysts about Simon Property Group stock:

• 1. According to Zacks Investment Research, "Shares of Simon Property underperformed the Zacks categorized REIT and Equity Trust – Retail industry over the past three months. Also, the company’s second-quarter and full-year 2017 funds from operations (FFO) per share estimates moved south over the past 30 days. Notably, mall traffic has continued to suffer amid a rapid shift in customers’ shopping preferences and patterns with online purchases growing by leaps and bounds, leading retailers to reconsider their footprint and eventually opt for store closures. Further, retailers that are not being able to cope with competition are filing bankruptcies. While Simon Property is striving to counter the pressure through various initiatives, the implementation of such measures requires a decent upfront cost and therefore, would limit any robust growth in its profit margins in the near term. Also, rate hike have added to its woes." (7/11/2017)
• 2. Canaccord Genuity analysts commented, "We are updating our model to reflect intra-quarter items for Simon Property, including the company's amended and extended $4B revolving line of credit, the recent 25bp increase in the fed funds rate, and the near-term occupancy impact of recently announced and likely pending store closings by apparel retailers including The Limited, Wet Seal, BCBG Max Azria, and bebe." (3/27/2017)
• 3. Hilliard Lyons analysts commented, "Our upgrade is based on what we view as a compelling valuation. We have always viewed Simon as a best in class operator, but have been waiting for a compelling entry point to recommend the shares again. We find the shares attractive at the current price." (3/17/2017)

Some companies that are related to Simon Property Group include General Growth Properties (GGP), Regency Centers Corporation (REG), Macerich Company (The) (MAC), Kimco Realty Corporation (KIM), National Retail Properties (NNN), Brixmor Property Group (BRX), Weingarten Realty Investors (WRI), Taubman Centers (TCO), DDR Corp. (DDR), CoreSite Realty Corporation (COR), Retail Properties of America (RPAI), Urban Edge Properties (UE), Tanger Factory Outlet Centers (SKT), Acadia Realty Trust (AKR), Retail Opportunity Investments Corp. (ROIC), American Assets Trust (AAT), Washington Prime Group (WPG) and Kite Realty Group Trust (KRG).

Simon Property Group's management team includes the folowing people:

• David E. Simon, Chairman of the Board, Chief Executive Officer
• Andrew A. Juster, Chief Financial Officer, Executive Vice President
• Richard S. Sokolov, President, Chief Operating Officer, Director
• John Rulli, Senior Executive Vice President, Chief Administrative Officer
• Steven K. Broadwater, Senior Vice President, Chief Accounting Officer
• Brian J. McDade, Senior Vice President, Treasurer
• Steven E. Fivel, General Counsel, Secretary
• Alexander L. W. Snyder, Assistant General Counsel, Assistant Secretary
• Herbert Simon, Chairman Emeritus
• Larry C. Glasscock, Lead Independent Director

Simon Property Group's stock is owned by many different of retail and institutional investors. Top institutional shareholders include APG Asset Management US Inc. (2.32%), PGGM Investments (1.14%), Russell Investments Group Ltd. (0.33%), Strs Ohio (0.20%), AMF Pensionsforsakring AB (0.14%) and NN Investment Partners Holdings N.V. (0.13%). Company insiders that own Simon Property Group stock include Allan B Hubbard, Andrew Juster, David J Contis, Reuben S Leibowitz and Steven K Broadwater. View Institutional Ownership Trends for Simon Property Group.

Simon Property Group's stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Bank of Montreal Can, Strs Ohio, Sumitomo Mitsui Asset Management Company LTD, Lincluden Management Ltd., NGAM Advisors L.P., Exxonmobil Investment Management Inc. TX and Chevy Chase Trust Holdings Inc.. Company insiders that have sold Simon Property Group stock in the last year include Andrew Juster and Steven K Broadwater. View Insider Buying and Selling for Simon Property Group.

Simon Property Group's stock was bought by a variety of institutional investors in the last quarter, including APG Asset Management US Inc., PGGM Investments, Factory Mutual Insurance Co., Harbour Capital Advisors LLC, Mn Services Vermogensbeheer B.V., Patriot Wealth Management Inc., Forsta AP Fonden and National Pension Service. Company insiders that have bought Simon Property Group stock in the last two years include Allan B Hubbard and Reuben S Leibowitz. View Insider Buying and Selling for Simon Property Group.

Shares of Simon Property Group can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Simon Property Group stock can currently be purchased for approximately $163.77.