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PYPL   98.66 (+3.50%)
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NFLX   237.87 (+4.89%)
QQQ   326.09 (+1.35%)
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CGC   3.09 (+14.44%)
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DIS   110.36 (+3.50%)
AMC   24.97 (+12.58%)
PYPL   98.66 (+3.50%)
PFE   49.27 (+0.00%)
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NYSE:SPG

Simon Property Group - SPG Stock Forecast, Price & News

$109.85
+3.35 (+3.15%)
(As of 08/8/2022 10:10 AM ET)
Add
Compare
Today's Range
$107.00
$109.89
50-Day Range
$94.00
$114.65
52-Week Range
$93.06
$171.12
Volume
20,283 shs
Average Volume
2.13 million shs
Market Capitalization
$36.10 billion
P/E Ratio
17.14
Dividend Yield
6.38%
Price Target
$145.07

Simon Property Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.64 Rating Score
Upside/​Downside
36.2% Upside
$145.07 Price Target
Short Interest
Healthy
2.13% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.10
Upright™ Environmental Score
News Sentiment
0.51mentions of Simon Property Group in the last 14 days
Based on 32 Articles This Week
Insider Trading
Acquiring Shares
$3,190 Bought Last Quarter
Proj. Earnings Growth
4.36%
From $11.70 to $12.21 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.00 out of 5 stars

Finance Sector

109th out of 1,207 stocks

Real Estate Investment Trusts Industry

13th out of 216 stocks

SPG stock logo

About Simon Property Group (NYSE:SPG) Stock

Simon is a real estate investment trust engaged 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.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Simon Property Group from $173.00 to $129.00 in a report on Monday, July 18th. Jefferies Financial Group cut shares of Simon Property Group from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $160.00 to $100.00 in a report on Thursday, June 30th. Piper Sandler decreased their price objective on shares of Simon Property Group to $130.00 in a report on Monday, July 4th. Stifel Nicolaus cut their target price on shares of Simon Property Group from $180.00 to $165.00 in a research report on Tuesday, May 10th. Finally, Truist Financial cut their target price on shares of Simon Property Group from $155.00 to $130.00 in a research report on Friday, June 3rd. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $145.07.

Simon Property Group Price Performance

NYSE:SPG traded up $0.68 during mid-day trading on Friday, hitting $106.50. The company's stock had a trading volume of 1,277,742 shares, compared to its average volume of 1,726,188. Simon Property Group has a fifty-two week low of $93.06 and a fifty-two week high of $171.12. The company has a current ratio of 1.02, a quick ratio of 1.10 and a debt-to-equity ratio of 7.13. The company has a market capitalization of $35.00 billion, a price-to-earnings ratio of 16.61, a P/E/G ratio of 2.50 and a beta of 1.49. The stock has a fifty day moving average of $101.77 and a 200-day moving average of $120.75.

Simon Property Group (NYSE:SPG - Get Rating) last posted its quarterly earnings results on Monday, August 1st. The real estate investment trust reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.08. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.25 billion. Simon Property Group had a net margin of 40.59% and a return on equity of 56.93%. The company's quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.92 earnings per share. As a group, equities analysts forecast that Simon Property Group will post 11.7 EPS for the current fiscal year.

Simon Property Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 9th will be paid a dividend of $1.75 per share. This is a boost from Simon Property Group's previous quarterly dividend of $1.70. This represents a $7.00 annualized dividend and a dividend yield of 6.57%. The ex-dividend date is Thursday, September 8th. Simon Property Group's dividend payout ratio is 106.08%.

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SPG Stock News Headlines

Simon Property Group Revises FY22 Outlook
Simon Property (SPG) Q2 FFO Beat Estimates
Simon Property Group: Pessimism Has Gone Too Far
What 4 Analyst Ratings Have To Say About Simon Property Group
See More Headlines
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SPG Company Calendar

Ex-Dividend for 6/30 Dividend
6/08/2022
Dividend Payable
6/30/2022
Last Earnings
8/01/2022
Today
8/08/2022
Ex-Dividend for 9/30 Dividend
9/08/2022
Dividend Payable
9/30/2022
Next Earnings (Estimated)
11/07/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Retail REITs
Sector
Finance
CUSIP
82880610
Employees
3,300
Year Founded
1993

Price Target and Rating

Average Stock Price Forecast
$145.07
High Stock Price Forecast
$180.00
Low Stock Price Forecast
$100.00
Forecasted Upside/Downside
+32.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.64
Research Coverage
14 Analysts

Profitability

Net Income
$2.25 billion
Pretax Margin
35.76%

Debt

Sales & Book Value

Annual Sales
$5.12 billion
Cash Flow
$10.76 per share
Book Value
$11.11 per share

Miscellaneous

Free Float
300,665,000
Market Cap
$36.10 billion
Optionable
Optionable
Beta
1.49

Social Links


Key Executives














SPG Stock - Frequently Asked Questions

Should I buy or sell Simon Property Group stock right now?

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Simon Property Group in the last twelve months. There are currently 5 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Simon Property Group stock.
View analyst ratings for Simon Property Group
or view top-rated stocks.

What is Simon Property Group's stock price forecast for 2022?

14 analysts have issued 1-year price objectives for Simon Property Group's shares. Their SPG stock forecasts range from $100.00 to $180.00. On average, they anticipate Simon Property Group's share price to reach $145.07 in the next twelve months. This suggests a possible upside of 36.2% from the stock's current price.
View analysts' price targets for Simon Property Group
or view top-rated stocks among Wall Street analysts.

How has Simon Property Group's stock performed in 2022?

Simon Property Group's stock was trading at $159.77 at the start of the year. Since then, SPG shares have decreased by 33.3% and is now trading at $106.50.
View the best growth stocks for 2022 here
.

When is Simon Property Group's next earnings date?

Simon Property Group is scheduled to release its next quarterly earnings announcement on Monday, November 7th 2022.
View our earnings forecast for Simon Property Group
.

How were Simon Property Group's earnings last quarter?

Simon Property Group, Inc. (NYSE:SPG) posted its quarterly earnings results on Monday, August, 1st. The real estate investment trust reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.08. The real estate investment trust earned $1.28 billion during the quarter, compared to the consensus estimate of $1.25 billion. Simon Property Group had a net margin of 40.59% and a trailing twelve-month return on equity of 56.93%. The company's revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.92 earnings per share.
Read Simon Property Group's conference call transcript
.

How often does Simon Property Group pay dividends? What is the dividend yield for Simon Property Group?

Simon Property Group declared a quarterly dividend on Monday, August 1st. Stockholders of record on Friday, September 9th will be given a dividend of $1.75 per share on Friday, September 30th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 6.57%. The ex-dividend date is Thursday, September 8th. This is an increase from Simon Property Group's previous quarterly dividend of $1.70.
View Simon Property Group's dividend history
.

Is Simon Property Group a good dividend stock?

Simon Property Group(NYSE:SPG) pays an annual dividend of $6.80 per share and currently has a dividend yield of 6.38%. 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 106.08%. 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 55.69% next year. This indicates that Simon Property Group will be able to sustain or increase its dividend.
View Simon Property Group's dividend history.

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

Simon Property Group updated its FY 2022 earnings guidance on Monday, August, 8th. The company provided EPS guidance of $11.70-$11.77 for the period. The company issued revenue guidance of -.

What is David Simon's approval rating as Simon Property Group's CEO?

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.

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), Intel (INTC), Johnson & Johnson (JNJ), Walt Disney (DIS), Pfizer (PFE), Verizon Communications (VZ), Cisco Systems (CSCO) and NVIDIA (NVDA).

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 retail and institutional investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.61%), Russell Investments Group Ltd. (0.27%), Asset Management One Co. Ltd. (0.21%), Retirement Systems of Alabama (0.17%), Assetmark Inc. (0.16%) and New York State Teachers Retirement System (0.13%). Company insiders that own Simon Property Group stock include Daniel C Smith, David Simon, Glyn Aeppel, Herbert Simon, J Albert Smith Jr, Larry C Glasscock, Marta R Stewart, Peggy Fang Roe, Reuben S Leibowitz and Simon Property Group Inc /De/.
View institutional ownership trends for Simon Property Group
.

How do I buy shares of Simon Property Group?

Shares of SPG stock 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.
Compare Top Brokerages Here.

What is Simon Property Group's stock price today?

One share of SPG stock can currently be purchased for approximately $106.50.

How much money does Simon Property Group make?

Simon Property Group (NYSE:SPG) has a market capitalization of $35.00 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 $6.41 on an earnings per share basis.

How many employees does Simon Property Group have?

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

When was Simon Property Group founded?

Simon Property Group was founded in 1993.

How can I contact Simon Property Group?

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 tom.ward@simon.com, or via fax at 317-685-7222.

This page (NYSE:SPG) was last updated on 8/8/2022 by MarketBeat.com Staff

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