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About Simon Property Group (NYSE:SPG)
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. For more information, visit simon. com.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryRetail REITs
SectorFinance
SymbolNYSE:SPG
CUSIP82880610
Phone317-636-1600
Debt
Debt-to-Equity Ratio5.93
Current Ratio0.89
Quick Ratio0.89
Price-To-Earnings
Trailing P/E Ratio14.23
Forward P/E Ratio13.27
P/E Growth2.15
Sales & Book Value
Annual Sales$5.54 billion
Price / Sales9.22
Cash Flow$10.6754 per share
Price / Cash14.94
Book Value$12.46 per share
Price / Book12.80
Profitability
EPS (Most Recent Fiscal Year)$11.21
Net Income$1.95 billion
Net Margins37.36%
Return on Equity50.24%
Return on Assets6.67%
Miscellaneous
Employees5,000
Outstanding Shares320,340,000
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 Friday, April 27th. Investors of record on Thursday, May 17th will be given a dividend of $1.94 per share on Thursday, May 31st. This represents a $7.76 annualized dividend and a dividend yield of 4.87%. The ex-dividend date of this dividend is Wednesday, May 16th. View Simon Property Group's Dividend History.
How were Simon Property Group's earnings last quarter?
Simon Property Group Inc (NYSE:SPG) announced its quarterly earnings results on Friday, April, 27th. The real estate investment trust reported $2.87 EPS for the quarter, beating the consensus estimate of $2.83 by $0.04. The real estate investment trust earned $1.40 billion during the quarter, compared to the consensus estimate of $1.38 billion. Simon Property Group had a return on equity of 50.24% and a net margin of 37.36%. The business's revenue was up 4.0% on a year-over-year basis. During the same period last year, the company posted $1.53 earnings per share. View Simon Property Group's Earnings History.
When is Simon Property Group's next earnings date?
What guidance has Simon Property Group issued on next quarter's earnings?
Simon Property Group issued an update on its FY18 earnings guidance on Friday, April, 27th. The company provided earnings per share guidance of $11.95-12.05 for the period, compared to the Thomson Reuters consensus EPS estimate of $12.00.
What price target have analysts set for SPG?
14 brokerages have issued 1-year price objectives for Simon Property Group's shares. Their forecasts range from $158.00 to $240.00. On average, they anticipate Simon Property Group's stock price to reach $184.6154 in the next year. 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. According to Zacks Investment Research, "Shares of Simon Property have outperformed the industry it belongs to in the past six months. Notably, the company is focusing on overhauling its properties and increasingly adopting omni-channel strategies. These efforts will aid the company to beat retail blues and make its shopping malls more appealing. Further, in January, the company announced a hike in quarterly dividend. While Simon Property is putting in every effort to enhance the value of its assets, 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." (3/20/2018)
- 2. Boenning Scattergood analysts commented, "Westfield’s valuation (more than 100 bps cheaper) while it boosts future earnings and NAV per share. We reiterate our Outperform rating on SPG and have marginally raised our NAV estimate." (2/1/2018)
Who are some of Simon Property Group's key competitors?
Some companies that are related to Simon Property Group include American Tower (AMT), Crown Castle International (CCI), Public Storage (PSA), Prologis (PLD), Equinix (EQIX), Weyerhaeuser (WY), Equity Residential (EQR), UNIBAIL-RODAMCO/ADR (UNRDY), AvalonBay Communities (AVB), Digital Realty (DLR), Welltower (WELL), GGP (GGP), Ventas (VTR), Boston Properties (BXP) and SBA Communications (SBAC).
Who are Simon Property Group's key executives?
Simon Property Group's management team includes the folowing people:
- Mr. David E. Simon, Chairman & CEO (Age 56)
- Mr. Richard S. Sokolov, Pres, COO & Director (Age 68)
- Mr. Andrew A. Juster, Exec. VP & CFO (Age 65)
- Mr. John Rulli, Chief Admin. Officer & Pres of Malls (Age 62)
- Mr. Steven E. Fivel, Sec. & Gen. Counsel (Age 57)
Has Simon Property Group been receiving favorable news coverage?
Headlines about SPG stock have trended somewhat positive this week, Accern reports. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Simon Property Group earned a news sentiment score of 0.09 on Accern's scale. They also assigned news articles about the real estate investment trust an impact score of 46.41 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.
Who are Simon Property Group's major shareholders?
Simon Property Group's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (9.45%), Principal Financial Group Inc. (1.90%), Northern Trust Corp (1.76%), Dimensional Fund Advisors LP (1.42%), JPMorgan Chase & Co. (1.22%) and Brookfield Asset Management Inc. (1.04%). Company insiders that own Simon Property Group stock include Andrew Juster, Reuben S Leibowitz and Steven K Broadwater. View Institutional Ownership Trends for Simon Property Group.
Which institutional investors are selling Simon Property Group stock?
SPG stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Daiwa Securities Group Inc., Prudential Financial Inc., Duff & Phelps Investment Management Co., Swiss National Bank, American Century Companies Inc., Brookfield Asset Management Inc. and Sei Investments Co.. View Insider Buying and Selling for Simon Property Group.
Which institutional investors are buying Simon Property Group stock?
SPG stock was bought by a variety of institutional investors in the last quarter, including Centersquare Investment Management LLC, BlackRock Inc., Teachers Insurance & Annuity Association of America, Northern Trust Corp, Summit Trail Advisors LLC, Millennium Management LLC, Bahl & Gaynor Inc. and Schwab Charles Investment Management Inc.. 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 $159.49.
How big of a company is Simon Property Group?
Simon Property Group has a market capitalization of $51.02 billion and generates $5.54 billion in revenue each year. The real estate investment trust earns $1.95 billion in net income (profit) each year or $11.21 on an earnings per share basis. Simon Property Group employs 5,000 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 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 (SPG)
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.
Simon Property Group (NYSE:SPG) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
14 Wall Street analysts have issued ratings and price targets for Simon Property Group in the last 12 months. Their average twelve-month price target is $184.6154, suggesting that the stock has a possible upside of 15.75%. The high price target for SPG is $240.00 and the low price target for SPG is $158.00. There are currently 5 hold ratings and 9 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 2.64 | 2.57 | 2.71 | 2.69 |
| Ratings Breakdown: | 0 Sell Rating(s)
5 Hold Rating(s)
9 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
6 Hold Rating(s)
8 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
5 Hold Rating(s)
12 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
5 Hold Rating(s)
11 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $184.6154 | $185.8462 | $191.9412 | $192.3750 |
| Price Target Upside: | 15.75% upside | 21.21% upside | 17.49% upside | 23.85% upside |
Simon Property Group (NYSE:SPG) Consensus Price Target History
Simon Property Group (NYSE:SPG) Analyst Ratings History
Show:
(Data available from 5/26/2016 forward)
Simon Property Group (NYSE:SPG) Dividend Information
Simon Property Group pays an annual dividend of $7.80 per share, with a dividend yield of 4.89%. SPG's next quarterly dividend payment will be made on Thursday, May 31. The company has grown its dividend for the last 8 consecutive years and is increasing its dividend by an average of 11.60% each year. Simon Property Group pays out 69.58% of its earnings out as a dividend.
| Next Dividend: | 5/31/2018 |
| Annual Dividend: | $7.80 |
| Dividend Yield: | 4.89% |
| Dividend Growth: | 11.60% (3 Year Average) |
| Payout Ratio(s): | 69.58% (Trailing 12 Months of Earnings)
64.89% (Based on This Year's Estimates)
61.95% (Based on Next Year's Estimates)
73.07% (Based on Cash Flow)
|
| Track Record: | 8 Years of Consecutive Dividend Growth |
| Frequency: | Quarterly Dividend |
Simon Property Group (NYSE:SPG) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 4/27/2018 | quarterly | $1.94 | 5.17% | 5/16/2018 | 5/17/2018 | 5/31/2018 |
| 1/31/2018 | quarterly | $1.95 | 5.05% | 2/13/2018 | 2/14/2018 | 2/28/2018 |
| 10/27/2017 | quarterly | $1.85 | 4.69% | 11/15/2017 | 11/16/2017 | 11/30/2017 |
| 8/1/2017 | Quarterly | $1.80 | 4.46% | 8/15/2017 | 8/17/2017 | 8/31/2017 |
| 4/27/2017 | quarterly | $1.75 | 4.24% | 5/15/2017 | 5/17/2017 | 5/31/2017 |
| 1/31/2017 | quarterly | $1.75 | 3.86% | 2/10/2017 | 2/14/2017 | 2/28/2017 |
| 10/26/2016 | quarterly | $1.65 | 3.61% | 11/14/2016 | 11/16/2016 | 11/30/2016 |
| 7/27/2016 | quarterly | $1.65 | 2.98% | 8/15/2016 | 8/17/2016 | 8/31/2016 |
| 4/26/2016 | quarterly | $1.60 | 3.13% | 5/13/2016 | 5/17/2016 | 5/31/2016 |
| 1/29/2016 | quarterly | $1.60 | 3.41% | 2/10/2016 | 2/12/2016 | 2/29/2016 |
| 10/27/2015 | quarterly | $1.60 | 3.11% | 11/12/2015 | 11/16/2015 | 11/30/2015 |
| 7/24/2015 | quarterly | $1.55 | 3.36% | 8/13/2015 | 8/17/2015 | 8/31/2015 |
| 4/24/2015 | quarterly | $1.50 | 3.16% | 5/13/2015 | 5/15/2015 | 5/29/2015 |
| 2/2/2015 | quarterly | $1.40 | 2.81% | 2/11/2015 | 2/13/2015 | 2/27/2015 |
| 10/22/2014 | quarterly | $1.30 | 3.02% | 11/12/2014 | 11/14/2014 | 11/28/2014 |
| 7/23/2014 | quarterly | $1.30 | 3.08% | 8/13/2014 | 8/15/2014 | 8/29/2014 |
| 4/22/2014 | quarterly | $1.30 | 3.05% | 5/14/2014 | 5/16/2014 | 5/30/2014 |
| 1/31/2014 | quarterly | $1.25 | 3.31% | 2/12/2014 | 2/14/2014 | 2/28/2014 |
| 10/25/2013 | quarterly | $1.20 | 3.01% | 11/13/2013 | 11/15/2013 | 11/29/2013 |
| 7/29/2013 | quarterly | $1.15 | 2.82% | 8/14/2013 | 8/16/2013 | 8/30/2013 |
| 4/26/2013 | quarterly | $1.15 | 2.61% | 5/15/2013 | 5/17/2013 | 5/31/2013 |
| 2/4/2013 | quarterly | $1.15 | 2.84% | 2/12/2013 | 2/14/2013 | 2/28/2013 |
(Data available from 1/1/2013 forward)
Simon Property Group (NYSE SPG) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 8.64%
Institutional Ownership Percentage: 92.47%
Simon Property Group (NYSE SPG) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 12/29/2017 | Steven K Broadwater | SVP | Sell | 621 | $171.95 | $106,780.95 | |  |
| 12/29/2017 | Steven K Broadwater | CAO | Sell | 621 | $171.95 | $106,780.95 | 2,290 | |
| 3/28/2017 | Reuben S. Leibowitz | Director | Buy | 1,400 | $166.00 | $232,400.00 | | |
| 9/1/2016 | Steven K Broadwater | SVP | Sell | 945 | $215.41 | $203,562.45 | 2,965 | |
| 8/29/2016 | Andrew Juster | CFO | Sell | 7,000 | $215.68 | $1,509,760.00 | | |
| 4/28/2016 | Allan B Hubbard | Director | Buy | 136 | $204.92 | $27,869.12 | 8,809 | |
| 3/21/2016 | David J Contis | EVP | Sell | 11,000 | $202.63 | $2,228,930.00 | 15,163 | |
| 12/22/2015 | Allan B Hubbard | Director | Buy | 145 | $192.70 | $27,941.50 | 8,673 | |
| 8/18/2015 | Steven K Broadwater | CAO | Sell | 1,489 | $194.17 | $289,119.13 | | |
| 12/24/2014 | John Rulli | EVP | Sell | 5,400 | $186.28 | $1,005,912.00 | | |
| 12/23/2014 | Stephen E Sterrett | CFO | Sell | 9,369 | $186.21 | $1,744,601.49 | | |
| 12/22/2014 | Andrew Juster | EVP | Sell | 7,500 | $185.51 | $1,391,325.00 | | |
| 6/26/2014 | Steven K Broadwater | CAO | Sell | 1,370 | $165.88 | $227,255.60 | | |
| 3/5/2014 | David Contis | EVP | Sell | 4,000 | $164.27 | $657,080.00 | 26,163 | |
| 12/27/2013 | Stephen Sterrett | CFO | Sell | 8,955 | $153.14 | $1,371,368.70 | 94,693 | |
| 12/26/2013 | James Barkley | General Counsel | Sell | 4,000 | $154.40 | $617,600.00 | 89,288 | |
| 3/12/2013 | Larry C Glasscock | Director | Buy | 1,500 | $159.99 | $239,985.00 | | |
(Data available from 1/1/2013 forward)
Simon Property Group (NYSE SPG) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | Last Leg of Revamp Begins at Simon Property's The Shops
finance.yahoo.com - May 22 at 4:16 PM |
| Simon (SPG) to Set Up EV Charging Stations Across Properties
finance.yahoo.com - May 22 at 4:16 PM |
 | Last Leg of Revamp Begins at Simon Property's The Shops
www.zacks.com - May 22 at 9:30 AM |
| Simon to Install Ultra-Fast Electric Vehicle Chargers at more than 30 Shopping Centers
finance.yahoo.com - May 22 at 9:30 AM |
| The Transformation Of The Shops At Riverside Begins Exciting Third Phase
finance.yahoo.com - May 21 at 4:16 PM |
| Simon Property Launches Initiatives to Drive Mall Traffic
www.zacks.com - May 21 at 9:46 AM |
 | Simon Property Group (SPG) Receives Consensus Recommendation of "Hold" from Brokerages
www.americanbankingnews.com - May 20 at 5:30 PM |
 | North American megamall with indoor ski slope is en route to Florida
www.bizjournals.com - May 18 at 11:00 AM |
| Simon to start demolition for Phipps Plaza overhaul in August
www.bizjournals.com - May 18 at 11:00 AM |
| Analysts Offer Predictions for Simon Property Group's FY2018 Earnings (SPG)
www.americanbankingnews.com - May 18 at 8:15 AM |
| SouthPark mall nabs new-to-market luxury brands
finance.yahoo.com - May 17 at 4:13 PM |
| Simon To Open Seven UNTUCKit Stores At Key U.S. Locations In 2018
finance.yahoo.com - May 17 at 4:13 PM |
| Jefferies Group Equities Analysts Boost Earnings Estimates for Simon Property Group (SPG)
www.americanbankingnews.com - May 17 at 8:05 AM |
| Simon Transforms Global Retail With A $4.0B Investment To Create Experiential Destinations Of The Future
finance.yahoo.com - May 16 at 4:19 PM |
| Sales of SP Group shares
finance.yahoo.com - May 16 at 4:19 PM |
 | Simon Property Group (SPG) Shares Cross 5% Yield Mark
www.nasdaq.com - May 15 at 4:14 PM |
| Will Mall Traffic Blues Further Impact Simon Property Group?
finance.yahoo.com - May 15 at 4:14 PM |
| Zacks: Brokerages Anticipate Simon Property Group (SPG) Will Post Quarterly Sales of $1.39 Billion
www.americanbankingnews.com - May 15 at 4:42 AM |
| Summit Hotel Properties, Inc. (INN) Ex-Dividend Date Scheduled for May 15, 2018
www.nasdaq.com - May 14 at 4:17 PM |
| Ex-Dividend Reminder: Eli Lilly, Amgen and Simon Property Group
www.nasdaq.com - May 14 at 4:17 PM |
| $2.90 EPS Expected for Simon Property Group (SPG) This Quarter
www.americanbankingnews.com - May 13 at 3:16 AM |
| A Look into American Tower’s Major Revenue Drivers
finance.yahoo.com - May 11 at 10:50 AM |
| A 250-key hotel eyed next to Buckhead's 3630 Peachtree tower and Phipps Plaza
www.bizjournals.com - May 10 at 4:17 PM |
| Simon seeks to expand movie theater at the Falls
www.bizjournals.com - May 10 at 4:17 PM |
 | Form 8-K SIMON PROPERTY GROUP For: May 08
www.streetinsider.com - May 10 at 4:17 PM |
| [$$] Bertucci's Revises Bidding Procedures After Simon Property, GGP Object
finance.yahoo.com - May 8 at 9:41 AM |
| Can Tanger Factory Outlets Rebound From an 8-Year Low?
finance.yahoo.com - May 6 at 4:20 PM |
| GGP's FFO Misses Estimates in Q1, Revenues Increase Y/Y
finance.yahoo.com - May 3 at 4:16 PM |
| Houston-area outlet mall undergoes renovations, to welcome new retailers
finance.yahoo.com - May 3 at 4:16 PM |
| Simon Property Group (SPG) to Post Q2 2018 Earnings of $2.92 Per Share, Boenning Scattergood Forecasts
www.americanbankingnews.com - May 3 at 8:00 AM |
| ValuEngine Lowers Simon Property Group (SPG) to Sell
www.americanbankingnews.com - May 2 at 6:06 PM |
| Premium Outlet Collection Edmonton International Airport Celebrates Its Grand Opening
finance.yahoo.com - May 2 at 4:16 PM |
| Simon Property Group (SPG) Shares Cross Above 200 DMA
www.nasdaq.com - May 2 at 9:38 AM |
| Edited Transcript of SPG earnings conference call or presentation 27-Apr-18 12:30pm GMT
finance.yahoo.com - May 2 at 9:38 AM |
| Q3 2018 EPS Estimates for Simon Property Group Lowered by Analyst (SPG)
www.americanbankingnews.com - May 2 at 9:10 AM |
| Simon Property Group (SPG) Price Target Lowered to $175.00 at Wells Fargo
www.americanbankingnews.com - May 1 at 9:13 AM |
| Simon Property's Stock Chart Says Buy Strength
finance.yahoo.com - April 30 at 4:16 PM |
| Simon Property Group (SPG) Receives Buy Rating from Boenning Scattergood
www.americanbankingnews.com - April 30 at 9:26 AM |
 | Simon Property Group's (SPG) CEO David Simon on Q1 2018 Results - Earnings Call Transcript
seekingalpha.com - April 28 at 10:23 AM |
| Simon Property Group (SPG) Posts Earnings Results, Beats Expectations By $0.04 EPS
www.americanbankingnews.com - April 27 at 5:04 PM |
| Simon Property's (SPG) Q1 FFO Beats Estimates, Guides Up
finance.yahoo.com - April 27 at 4:05 PM |
| Simon Property Group Inc Q1 adjusted earnings Beat Estimates
www.nasdaq.com - April 27 at 10:20 AM |
| Simon Property's (SPG) Q1 FFO Beats Estimates, Guides Up
www.zacks.com - April 27 at 10:20 AM |
| Simon Property Group Raises FY18 Guidance - Quick Facts
www.nasdaq.com - April 27 at 10:20 AM |
| Simon Property Group Reports First Quarter 2018 Results and Raises Full Year 2018 Guidance
finance.yahoo.com - April 27 at 10:20 AM |
| Simon Property (SPG) Q1 FFO & Revenues Beat Estimates
finance.yahoo.com - April 27 at 10:20 AM |
| Simon Property: 1Q Earnings Snapshot
finance.yahoo.com - April 27 at 10:20 AM |
| Simon Property Group (SPG) Updates FY18 Earnings Guidance
www.americanbankingnews.com - April 27 at 9:39 AM |
| Simon Property Group (SPG) to Issue $1.94 Quarterly Dividend
www.americanbankingnews.com - April 27 at 9:24 AM |
| $1.38 Billion in Sales Expected for Simon Property Group (SPG) This Quarter
www.americanbankingnews.com - April 27 at 2:40 AM |
Simon Property Group (NYSE:SPG) SEC Filings
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Simon Property Group (NYSE:SPG) Income Statement, Balance Sheet and Cash Flow Statement
Simon Property Group (NYSE SPG) Stock Chart for Saturday, May, 26, 2018
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