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

$58.17
-3.93 (-6.33 %)
(As of 03/29/2020 01:46 PM ET)
Today's Range
$55.70
Now: $58.17
$60.46
50-Day Range
$44.92
MA: $110.95
$143.06
52-Week Range
$43.52
Now: $58.17
$186.40
Volume4.84 million shs
Average Volume7.08 million shs
Market Capitalization$18.64 billion
P/E Ratio8.54
Dividend Yield13.53%
Beta0.63
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.
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Simon Property Group logo

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$5.76 billion
Cash Flow$10.22 per share
Book Value$8.95 per share

Profitability

Net Income$2.10 billion

Miscellaneous

Employees4,500
Market Cap$18.64 billion
Next Earnings Date5/5/2020 (Estimated)
OptionableOptionable

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Simon Property Group (NYSE:SPG) Frequently Asked Questions

How has Simon Property Group's stock been impacted by COVID-19 (Coronavirus)?

Simon Property Group's stock was trading at $101.50 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, SPG shares have decreased by 42.7% and is now trading at $58.17. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of 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 1 sell rating, 7 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Simon Property Group.

When is Simon Property Group's next earnings date?

Simon Property Group is scheduled to release its next quarterly earnings announcement on Tuesday, May 5th 2020. View our earnings forecast for Simon Property Group.

How were Simon Property Group's earnings last quarter?

Simon Property Group Inc (NYSE:SPG) announced its quarterly earnings results on Tuesday, February, 4th. The real estate investment trust reported $1.66 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $2.95 by $1.29. The real estate investment trust earned $1.49 billion during the quarter, compared to analysts' expectations of $1.45 billion. Simon Property Group had a net margin of 36.52% and a return on equity of 65.24%. Simon Property Group's quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the business posted $3.23 EPS. View Simon Property Group's earnings history.

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, February 4th. Stockholders of record on Friday, February 14th will be given a dividend of $2.10 per share on Friday, February 28th. This represents a $8.40 annualized dividend and a yield of 14.44%. The ex-dividend date of this dividend is Thursday, February 13th. 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 initiated a stock buyback program on Tuesday, February 12th 2019, which allows the company to buyback $2,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 3.4% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its stock is undervalued.

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

Simon Property Group issued an update on its FY20 earnings guidance on Tuesday, February, 4th. The company provided EPS guidance of $12.25-12.40 for the period, compared to the Thomson Reuters consensus EPS estimate of $12.62.

What price target have analysts set for SPG?

13 Wall Street analysts have issued 12-month price targets for Simon Property Group's shares. Their forecasts range from $63.00 to $218.00. On average, they expect Simon Property Group's share price to reach $137.31 in the next twelve months. This suggests a possible upside of 136.0% from the stock's current price. View analysts' price targets for Simon Property Group.

Has Simon Property Group been receiving favorable news coverage?

Media headlines about SPG stock have trended extremely negative this week, according to InfoTrie. The research group identifies negative and positive news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Simon Property Group earned a news impact score of -4.0 on InfoTrie's scale. They also gave news articles about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near future. View the latest news aboutSimon Property Group.

Are investors shorting Simon Property Group?

Simon Property Group saw a drop in short interest in March. As of March 13th, there was short interest totaling 16,097,700 shares, a drop of 6.2% from the February 27th total of 17,160,000 shares. Based on an average daily volume of 2,420,000 shares, the days-to-cover ratio is currently 6.7 days. Approximately 5.3% of the company's shares are sold short. 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), Exxon Mobil (XOM), Verizon Communications (VZ), Altria Group (MO), Johnson & Johnson (JNJ), Walt Disney (DIS), Cisco Systems (CSCO), IBM (IBM) and Ventas (VTR).

Who are Simon Property Group's key executives?

Simon Property Group's management team includes the following 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)

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 institutional and retail investors. Top institutional investors include State Street Corp (6.36%), Capital World Investors (6.15%), Capital Research Global Investors (3.06%), Cohen & Steers Inc. (2.51%), Geode Capital Management LLC (1.98%) and FMR LLC (1.36%). Company insiders that own Simon Property Group stock include David Simon, Herbert Simon, John Rulli, Larry C Glasscock, Reuben S Leibowitz 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 State Street Corp, Capital World Investors, Goldman Sachs Group Inc., Resolution Capital Ltd, Man Group plc, UBS Asset Management Americas Inc., FMR LLC, and MERIAN GLOBAL INVESTORS UK Ltd. View insider buying and selling activity 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 Norges Bank, Cohen & Steers Inc., Altshuler Shaham Ltd, Heitman Real Estate Securities LLC, Barrow Hanley Mewhinney & Strauss LLC, Daiwa Securities Group Inc., Capital Research Global Investors, and Bank of New York Mellon Corp. Company insiders that have bought Simon Property Group stock in the last two years include David Simon, Herbert Simon, Larry C Glasscock, and Reuben S Leibowitz. View insider buying and selling activity 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 $58.17.

How big of a company is Simon Property Group?

Simon Property Group has a market capitalization of $18.64 billion and generates $5.76 billion in revenue each year. The real estate investment trust earns $2.10 billion in net income (profit) each year or $12.04 on an earnings per share basis. Simon Property Group employs 4,500 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:  798 (Vote Outperform)
Underperform Votes:  446 (Vote Underperform)
Total Votes:  1,244
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 3/29/2020 by MarketBeat.com Staff

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