Simon Property Group Stock Forecast, Price & News

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 2.7% and is now trading at $98.74.
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18 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Simon Property Group in the last twelve months. There are currently 2 sell ratings, 12 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Simon Property Group stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SPG, but not buy additional shares or sell existing shares.
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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.

Simon Property Group is scheduled to release its next quarterly earnings announcement on Monday, February 8th 2021.
View our earnings forecast for Simon Property Group.

Simon Property Group will be holding an earnings conference call on Monday, February 8th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Simon Property Group, Inc. (NYSE:SPG) announced its quarterly earnings results on Monday, November, 9th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.25 by $1.77. The real estate investment trust earned $1.06 billion during the quarter, compared to analysts' expectations of $1.16 billion. Simon Property Group had a trailing twelve-month return on equity of 56.28% and a net margin of 27.22%. Simon Property Group's quarterly revenue was down 25.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.05 EPS.
View Simon Property Group's earnings history.

Simon Property Group declared a quarterly dividend on Tuesday, December 15th. Shareholders of record on Thursday, December 24th will be paid a dividend of $1.30 per share on Friday, January 22nd. This represents a $5.20 annualized dividend and a dividend yield of 5.27%. The ex-dividend date is Wednesday, December 23rd.
View Simon Property Group's dividend history.

Simon Property Group pays an annual dividend of $5.20 per share and currently has a dividend yield of 5.45%. SPG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Simon Property Group does not yet have a strock track record of dividend growth. The dividend payout ratio of Simon Property Group is 43.19%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Simon Property Group will have a dividend payout ratio of 54.62% 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 announced that its board has approved a stock buyback program on Tuesday, February 12th 2019, which permits the company to repurchase $2,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 3.4% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board believes its stock is undervalued.

18 brokerages have issued 1-year price objectives for Simon Property Group's stock. Their forecasts range from $49.00 to $160.00. On average, they expect Simon Property Group's share price to reach $87.78 in the next twelve months. This suggests that the stock has a possible downside of 11.1%.
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Some companies that are related to Simon Property Group include Realty Income (O), Kimco Realty (KIM), National Retail Properties (NNN), Federal Realty Investment Trust (FRT), Agree Realty (ADC), Weingarten Realty Investors (WRI), Taubman Centers (TCO), The Macerich (MAC), Retail Properties of America (RPAI), Retail Opportunity Investments (ROIC), Alexander's (ALX), Kite Realty Group Trust (KRG), Acadia Realty Trust (AKR), Tanger Factory Outlet Centers (SKT) and Getty Realty (GTY).
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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), The 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."

Simon Property Group's stock is owned by a number of institutional and retail investors. Top institutional investors include Strs Ohio (0.15%), New York State Teachers Retirement System (0.14%), Douglas Lane & Associates LLC (0.07%), State of Alaska Department of Revenue (0.05%), Darrell & King LLC (0.04%) and FWL Investment Management LLC (0.02%). 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 MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH, Pacer Advisors Inc., Cullinan Associates Inc., Brookstone Capital Management, New York State Teachers Retirement System, HGK Asset Management Inc., Oakwood Capital Management LLC CA, and TAP Consulting LLC.
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SPG stock was bought by a variety of institutional investors in the last quarter, including Darrell & King LLC, FWL Investment Management LLC, Strs Ohio, State of Alaska Department of Revenue, Douglas Lane & Associates LLC, IFM Investors Pty Ltd, Louisiana State Employees Retirement System, and Sound Income Strategies LLC. 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 or or view top insider-buying stocks.

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.

One share of SPG stock can currently be purchased for approximately $98.74.

Simon Property Group has a market capitalization of $30.21 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]