NYSE:SPGSimon Property Group Stock Price, Forecast & News

Simon Property Group's stock was trading at $101.50 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, SPG shares have decreased by 35.3% and is now trading at $65.71. View which stocks have been most impacted by Coronavirus.

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Simon Property Group in the last year. There are currently 1 sell rating, 10 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Simon Property Group.

Simon Property Group is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for Simon Property Group.

Simon Property Group Inc (NYSE:SPG) issued its quarterly earnings data on Monday, May, 11th. The real estate investment trust reported $1.43 EPS for the quarter, missing the consensus estimate of $2.90 by $1.47. The real estate investment trust earned $1.35 billion during the quarter, compared to analysts' expectations of $1.33 billion. Simon Property Group had a return on equity of 68.08% and a net margin of 35.20%. Simon Property Group's quarterly revenue was down 6.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.78 earnings per share. View Simon Property Group's earnings history.

Simon Property Group announced a quarterly dividend on Monday, June 29th. Shareholders of record on Friday, July 10th will be given a dividend of $1.30 per share on Friday, July 24th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 7.91%. The ex-dividend date of this dividend is Thursday, July 9th. View Simon Property Group's dividend history.

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

16 equities research analysts have issued 1-year price objectives for Simon Property Group's shares. Their forecasts range from $49.00 to $218.00. On average, they anticipate Simon Property Group's stock price to reach $98.50 in the next twelve months. This suggests a possible upside of 49.9% from the stock's current price. View analysts' price targets for Simon Property Group.

Media stories about SPG stock have been trending negative this week, according to InfoTrie Sentiment Analysis. The research firm rates the sentiment of media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Simon Property Group earned a media sentiment score of -2.1 on InfoTrie's scale. They also gave press coverage about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near future. View the latest news about Simon Property Group.

Some companies that are related to Simon Property Group include Realty Income (O), Regency Centers (REG), Federal Realty Investment Trust (FRT), National Retail Properties (NNN), Kimco Realty (KIM), Agree Realty (ADC), Weingarten Realty Investors (WRI), Taubman Centers (TCO), Retail Properties of America (RPAI), Retail Opportunity Investments (ROIC), Alexander's (ALX), Getty Realty (GTY), Macerich (MAC), Acadia Realty Trust (AKR) and Kite Realty Group Trust (KRG). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Simon Property Group investors own include AT&T (T), AbbVie (ABBV), Walt Disney (DIS), Exxon Mobil (XOM), Verizon Communications (VZ), Johnson & Johnson (JNJ), JPMorgan Chase & Co. (JPM), Boeing (BA), Cisco Systems (CSCO) and Intel (INTC).

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

Simon Property Group's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include State of Alaska Department of Revenue (0.04%), Envestnet Asset Management Inc. (0.03%), Cullinan Associates Inc. (0.02%), Pensionfund Sabic (0.01%), DNB Asset Management AS (0.01%) and Truehand Inc (0.01%). Company insiders that own Simon Property Group stock include David Simon, Glyn Aeppel, Herbert Simon, John Rulli, Larry C Glasscock and Reuben S Leibowitz. View institutional ownership trends for Simon Property Group.

SPG stock was sold by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc., Truehand Inc, and IBM Retirement Fund. View insider buying and selling activity for Simon Property Group.

SPG stock was acquired by a variety of institutional investors in the last quarter, including Cullinan Associates Inc., DNB Asset Management AS, Pensionfund Sabic, and State of Alaska Department of Revenue. Company insiders that have bought Simon Property Group stock in the last two years include David Simon, Glyn Aeppel, Herbert Simon, Larry C Glasscock, and Reuben S Leibowitz. View insider buying and selling activity for 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.

One share of SPG stock can currently be purchased for approximately $65.71.

Simon Property Group has a market capitalization of $21.06 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.

The official website for Simon Property Group is www.simon.com.

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]