NYSE:SPG - Simon Property Group Stock Price, News, & Analysis

$162.03
-2.06 (-1.26 %)
(As of 06/25/2019 02:23 AM ET)
Today's Range
$161.62
Now: $162.03
$165.00
50-Day Range
$161.03
MA: $168.09
$177.71
52-Week Range
$159.69
Now: $162.03
$191.49
Volume1.35 million shs
Average Volume1.41 million shs
Market Capitalization$50.06 billion
P/E Ratio13.36
Dividend Yield5.00%
Beta0.56
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$11.6820 per share
Book Value$11.72 per share

Profitability

Net Income$2.44 billion

Miscellaneous

Employees5,000
Market Cap$50.06 billion
Next Earnings Date7/29/2019 (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 announced a quarterly dividend on Wednesday, May 1st. Shareholders of record on Friday, May 17th will be given a dividend of $2.05 per share on Friday, May 31st. This represents a $8.20 annualized dividend and a yield of 5.06%. The ex-dividend date of this dividend is Thursday, May 16th. View Simon Property Group's Dividend History.

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

Simon Property Group declared that its Board of Directors has authorized a stock repurchase program on Tuesday, February 12th 2019, which authorizes the company to repurchase $2,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 3.4% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board believes its shares are undervalued.

How were Simon Property Group's earnings last quarter?

Simon Property Group Inc (NYSE:SPG) posted its earnings results on Tuesday, April, 30th. The real estate investment trust reported $3.04 earnings per share for the quarter, topping the consensus estimate of $3.02 by $0.02. The real estate investment trust had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $1.43 billion. Simon Property Group had a return on equity of 62.69% and a net margin of 41.45%. The firm's revenue was up 4.2% compared to the same quarter last year. During the same period last year, the firm posted $2.00 earnings per share. 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 Monday, July 29th 2019. 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 Tuesday, April, 30th. The company provided earnings per share (EPS) guidance of $12.30-12.40 for the period, compared to the Thomson Reuters consensus EPS estimate of $12.48.

What price target have analysts set for SPG?

13 equities research analysts have issued 12 month target prices for Simon Property Group's shares. Their predictions range from $170.00 to $203.00. On average, they anticipate Simon Property Group's stock price to reach $190.9286 in the next year. This suggests a possible upside of 17.8% from the stock's current price. View Analyst Price Targets for Simon Property Group.

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

13 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 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Simon Property Group.

What are Wall Street analysts saying about Simon Property Group stock?

Here are some recent quotes from research analysts about Simon Property Group stock:
  • 1. Mizuho analysts commented, "We are raising our 1Q19 / 2019 FFO estimates after SPG disclosed (in its recently filed 10-K) $68M of insurance settlement income in 1Q19. The settlement dates back to flood damage sustained at and is yet another example of the multiple Other Income levers SPG has at is disposable, a key risk we recently outlined in our SPG downgrade (to Neutral). Updated model attached." (2/26/2019)
  • 2. According to Zacks Investment Research, "Shares of Simon Property have outperformed its industry over the past three months. Also, the trend in estimate revisions of current-year funds from operations (FFO) per share indicates a favorable outlook for the company. Simon Property recently reported third-quarter 2018 FFO per share of $3.05, which surpassed the Zacks Consensus Estimate. Results highlight increase in base minimum rent per square foot and leasing spread per square foot at its U.S. malls and Premium Outlets. It also raised its outlook for 2018. Notably, Simon Property has a diversified exposure to retail assets in the United States and abroad. It has a strong and improving balance sheet. The company is poised to gain from new development, redevelopment, expansion and acquisition efforts. Nonetheless, the implementation of such measures requires a decent upfront cost and therefore, may limit any robust growth in its near-term profit margins. Rate hike has added to its woes." (10/29/2018)

Has Simon Property Group been receiving favorable news coverage?

Media stories about SPG stock have been trending somewhat positive recently, according to InfoTrie Sentiment Analysis. The research firm rates the sentiment of press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Simon Property Group earned a news sentiment score of 1.4 on InfoTrie's scale. They also assigned news coverage about the real estate investment trust a news buzz of 7.0 out of 10, indicating that recent press coverage is likely to have an effect on the company's share price in the next several days. View News Stories for Simon Property Group.

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), Verizon Communications (VZ), Home Depot (HD), Johnson & Johnson (JNJ), AbbVie (ABBV), NVIDIA (NVDA), Walt Disney (DIS), Exxon Mobil (XOM), Intel (INTC) and Mcdonald's (MCD).

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 many different of institutional and retail investors. Top institutional shareholders include Northern Trust Corp (1.92%), FMR LLC (1.88%), Principal Financial Group Inc. (1.58%), PGGM Investments (1.22%), Nordea Investment Management AB (0.69%) and Centersquare Investment Management LLC (0.68%). 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 FMR LLC, Swedbank, Resolution Capital Ltd, Los Angeles Capital Management & Equity Research Inc., Centersquare Investment Management LLC, Centersquare Investment Management LLC, Teacher Retirement System of Texas and Amundi Pioneer Asset Management Inc.. Company insiders that have sold Simon Property Group company stock in the last year include John Rulli and Steven K Broadwater. 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 Athena Capital Advisors LLC, Janus Henderson Group PLC, California Public Employees Retirement System, Northern Trust Corp, Toronto Dominion Bank, Wafra Inc., Nordea Investment Management AB and Payden & Rygel. 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, Scottrade, Fidelity and Charles Schwab.

What is Simon Property Group's stock price today?

One share of SPG stock can currently be purchased for approximately $162.03.

How big of a company is Simon Property Group?

Simon Property Group has a market capitalization of $50.06 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:  3.3 out of 5 (star star star)
Outperform Votes:  739 (Vote Outperform)
Underperform Votes:  385 (Vote Underperform)
Total Votes:  1,124
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 6/25/2019 by MarketBeat.com Staff

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