Simon Property Group Stock Forecast, Price & News

Simon Property Group's stock was trading at $101.50 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, SPG stock has decreased by 6.9% and is now trading at $94.51.
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18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Simon Property Group in the last year. There are currently 2 sell ratings, 12 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities 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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6,978 employees have rated Simon Property Group CEO Larry J. Merlo on Glassdoor.com. Larry J. Merlo has an approval rating of 37% among Simon Property Group's employees. This puts Larry J. Merlo 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 Tuesday, February 2nd 2021.
View our earnings forecast for Simon Property Group.

Simon Property Group, Inc. (NYSE:SPG) released its quarterly earnings data on Monday, November, 9th. The real estate investment trust reported $0.48 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 net margin of 27.22% and a return on equity of 56.28%. The firm's quarterly revenue was down 25.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.05 EPS.
View Simon Property Group's earnings history.

Simon Property Group announced a quarterly dividend on Tuesday, December 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 5.50%. 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 5.46%. 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 declared that its board has authorized a share repurchase program on Tuesday, February 12th 2019, which permits the company to buyback $2,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase up to 3.4% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board believes its stock is undervalued.

18 equities research analysts have issued 12 month target prices for Simon Property Group's shares. Their forecasts range from $49.00 to $160.00. On average, they anticipate Simon Property Group's stock price to reach $87.78 in the next twelve months. This suggests that the stock has a possible downside of 7.1%.
View analysts' price targets for Simon Property Group or view Wall Street analyst' top-rated stocks.

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), Getty Realty (GTY) and Tanger Factory Outlet Centers (SKT).
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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 retail and institutional investors. Top institutional investors include Douglas Lane & Associates LLC (0.07%), State of Alaska Department of Revenue (0.05%), Darrell & King LLC (0.04%), FWL Investment Management LLC (0.02%), Thompson Investment Management Inc. (0.02%) and DNB Asset Management AS (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 MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH, Pacer Advisors Inc., Cullinan Associates Inc., Brookstone Capital Management, HGK Asset Management Inc., TAP Consulting LLC, Capital Investment Advisors LLC, and First Hawaiian Bank.
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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, State of Alaska Department of Revenue, Douglas Lane & Associates LLC, IFM Investors Pty Ltd, Louisiana State Employees Retirement System, Sound Income Strategies LLC, and Radnor Capital Management 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 $94.51.

Simon Property Group has a market capitalization of $28.92 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]