Simon Property Group Stock Forecast, Price & News

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Simon Property Group in the last year. There are currently 4 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" Simon Property Group stock.
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14 brokers have issued twelve-month target prices for Simon Property Group's stock. Their SPG stock forecasts range from $100.00 to $200.00. On average, they anticipate Simon Property Group's stock price to reach $160.36 in the next year. This suggests a possible upside of 68.9% from the stock's current price.
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Simon Property Group's stock was trading at $159.77 on January 1st, 2022. Since then, SPG stock has decreased by 40.6% and is now trading at $94.92.
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Simon Property Group is scheduled to release its next quarterly earnings announcement on Monday, August 1st 2022.
View our earnings forecast for Simon Property Group.

Simon Property Group, Inc. (NYSE:SPG) released its quarterly earnings results on Monday, May, 9th. The real estate investment trust reported $1.30 EPS for the quarter, missing analysts' consensus estimates of $2.74 by $1.44. The real estate investment trust had revenue of $1.30 billion for the quarter, compared to analysts' expectations of $1.24 billion. Simon Property Group had a net margin of 43.12% and a trailing twelve-month return on equity of 56.67%. The business's revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the firm posted $2.48 EPS.
View Simon Property Group's earnings history.

Simon Property Group declared a quarterly dividend on Monday, May 9th. Shareholders of record on Thursday, June 9th will be paid a dividend of $1.70 per share on Thursday, June 30th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 7.16%. The ex-dividend date of this dividend is Wednesday, June 8th. This is a boost from Simon Property Group's previous quarterly dividend of $1.65.
View Simon Property Group's dividend history.

Simon Property Group(NYSE:SPG) pays an annual dividend of $6.80 per share and currently has a dividend yield of 6.85%. SPG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Simon Property Group 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 of Simon Property Group is 100.30%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Simon Property Group will have a dividend payout ratio of 55.46% next year. This indicates that Simon Property Group will be able to sustain or increase its dividend.
View Simon Property Group's dividend history.

Simon Property Group updated its FY 2022 earnings guidance on Monday, June, 6th. The company provided earnings per share (EPS) guidance of $11.60-$11.75 for the period. The company issued revenue guidance of -.

197 employees have rated Simon Property Group CEO David Simon on Glassdoor.com. David Simon has an approval rating of 44% among Simon Property Group's employees. This puts David Simon in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Simon Property Group include Realty Income (O), Kimco Realty (KIM), Federal Realty Investment Trust (FRT), National Retail Properties (NNN), Agree Realty (ADC), Kite Realty Group Trust (KRG), Retail Opportunity Investments (ROIC), Macerich (MAC), Acadia Realty Trust (AKR), Tanger Factory Outlet Centers (SKT), Getty Realty (GTY), Alexander's (ALX), Saul Centers (BFS), RPT Realty (RPT) and Urstadt Biddle Properties (UBA).
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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).

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

Shares of SPG 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.
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One share of SPG stock can currently be purchased for approximately $94.92.

Simon Property Group (NYSE:SPG) has a market capitalization of $31.19 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 $6.779990 on an earnings per share basis.

Simon Property Group employs 3,300 workers across the globe.

Simon Property Group was founded in 1993.

Simon Property Group's mailing address is 225 WEST WASHINGTON STREET, INDIANAPOLIS IN, 46204. The official website for Simon Property Group is www.simon.com. The real estate investment trust can be reached via phone at (317) 636-1600, via email at [email protected], or via fax at 317-685-7222.