Simon Property Group Company Profile (NYSE:SPG)

About Simon Property Group (NYSE:SPG)

Simon Property Group logoSimon Property Group, Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company owns, develops and manages retail real estate properties, which consist primarily of malls, Premium Outlets and The Mills. Simon Property Group, L.P. (Operating Partnership), is the Company's partnership subsidiary that owns all of its real estate properties and other assets. As of December 31, 2016, the Company owned or held an interest in 206 income-producing properties in the United States, which consisted of 108 malls, 67 Premium Outlets, 14 Mills, four lifestyle centers, and 13 other retail properties in 37 states and Puerto Rico. As of December 31, 2016, it had redevelopment and expansion projects, including the addition of anchors, big box tenants, and restaurants, underway at 27 properties in the United States and it had one outlet and one other retail project under development.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: REIT - Retail
  • Sub-Industry: Retail REITs
  • Symbol: NYSE:SPG
  • CUSIP: 82880610
  • Web:
  • Market Cap: $49.1 billion
  • Outstanding Shares: 312,202,000
Average Prices:
  • 50 Day Moving Avg: $165.26
  • 200 Day Moving Avg: $175.66
  • 52 Week Range: $152.09 - $229.10
  • Trailing P/E Ratio: 26.91
  • Foreward P/E Ratio: 22.59
  • P/E Growth: 2.66
Sales & Book Value:
  • Annual Revenue: $5.44 billion
  • Price / Sales: 9.03
  • Book Value: $13.02 per share
  • Price / Book: 12.08
  • Annual Dividend: $7.00
  • Dividend Yield: 4.5%
  • EBIDTA: $4 billion
  • Net Margins: 35.11%
  • Return on Equity: 39.00%
  • Return on Assets: 6.46%
  • Debt-to-Equity Ratio: 4.67%
  • Current Ratio: 1.01%
  • Quick Ratio: 1.16%
  • Average Volume: 2.07 million shs.
  • Beta: 0.6
  • Short Ratio: 4.78

Frequently Asked Questions for Simon Property Group (NYSE:SPG)

What is Simon Property Group's stock symbol?

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

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 Thursday, April 27th. Shareholders of record on Wednesday, May 17th will be given a dividend of $1.75 per share on Wednesday, May 31st. This represents a $7.00 annualized dividend and a dividend yield of 4.45%. The ex-dividend date is Monday, May 15th. View Simon Property Group's Dividend History.

How were Simon Property Group's earnings last quarter?

Simon Property Group Inc (NYSE:SPG) issued its quarterly earnings results on Thursday, April, 27th. The company reported $2.74 EPS for the quarter, missing the Zacks' consensus estimate of $2.76 by $0.02. The firm earned $1.35 billion during the quarter, compared to analysts' expectations of $1.36 billion. Simon Property Group had a return on equity of 39.00% and a net margin of 35.11%. The firm's quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.63 EPS. View Simon Property Group's Earnings History.

When will Simon Property Group make its next earnings announcement?

Simon Property Group is scheduled to release their next quarterly earnings announcement on Tuesday, July, 25th 2017. View Earnings Estimates for Simon Property Group.

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

Simon Property Group updated its FY17 earnings guidance on Thursday, April, 27th. The company provided EPS guidance of $11.45-11.55 for the period, compared to the Thomson Reuters consensus estimate of $11.57.

Where is Simon Property Group's stock going? Where will Simon Property Group's stock price be in 2017?

12 brokerages have issued 1 year target prices for Simon Property Group's shares. Their predictions range from $182.00 to $245.00. On average, they anticipate Simon Property Group's stock price to reach $212.18 in the next twelve months. View Analyst Ratings for Simon Property Group.

What are analysts saying about Simon Property Group stock?

Here are some recent quotes from research analysts about Simon Property Group stock:

  • 1. According to Zacks Investment Research, "Simon Property is slated to report first-quarter 2017 results on Apr 27. Shares of the company underperformed the Zacks categorized REIT and Equity Trust – Retail industry over the past six months. Also, its first-quarter and full-year 2017 funds from operations (FFO) per share estimates moved south over the past 30 days. Notably, rising online sales is a serious concern as it curtails the demand for retail real estate space, in turn, affecting occupancy and rent growth. While the company is striving to counter such pressure through various initiatives, the implementation of such measures requires a decent upfront cost and is likely to limit any robust growth in profit margins. Also, hike in the interest rate has added to its woes. However, the company has a solid portfolio, and recently extended and amended its $4 billion unsecured revolving credit facility. Also, Simon Property extended its $2 billion stock buyback program by two years." (4/12/2017)
  • 2. Canaccord Genuity analysts commented, "We are updating our model to reflect intra-quarter items for Simon Property, including the company's amended and extended $4B revolving line of credit, the recent 25bp increase in the fed funds rate, and the near-term occupancy impact of recently announced and likely pending store closings by apparel retailers including The Limited, Wet Seal, BCBG Max Azria, and bebe." (3/27/2017)
  • 3. Hilliard Lyons analysts commented, "Our upgrade is based on what we view as a compelling valuation. We have always viewed Simon as a best in class operator, but have been waiting for a compelling entry point to recommend the shares again. We find the shares attractive at the current price." (3/17/2017)

Who are some of Simon Property Group's key competitors?

Who owns Simon Property Group stock?

Simon Property Group's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (14.22%), BlackRock Inc. (9.31%), State Street Corp (5.86%), Morgan Stanley (2.62%), FMR LLC (2.20%) and APG Asset Management US Inc. (2.16%). Company insiders that own Simon Property Group stock include Allan B Hubbard, Andrew Juster, David J Contis, Reuben S Leibowitz and Steven K Broadwater. View Institutional Ownership Trends for Simon Property Group.

Who sold Simon Property Group stock? Who is selling Simon Property Group stock?

Simon Property Group's stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Daiwa Securities Group Inc., Ameriprise Financial Inc., Morgan Stanley, Janus Capital Management LLC, Lasalle Investment Management Securities LLC, Russell Investments Group Ltd. and American Century Companies Inc.. Company insiders that have sold Simon Property Group stock in the last year include Andrew Juster and Steven K Broadwater. View Insider Buying and Selling for Simon Property Group.

Who bought Simon Property Group stock? Who is buying Simon Property Group stock?

Simon Property Group's stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Vanguard Group Inc., PGGM Investments, Renaissance Technologies LLC, Sumitomo Mitsui Asset Management Company LTD, Canada Pension Plan Investment Board, JPMorgan Chase & Co. and Geode Capital Management LLC. Company insiders that have bought Simon Property Group stock in the last two years include Allan B Hubbard and Reuben S Leibowitz. View Insider Buying and Selling for Simon Property Group.

How do I buy Simon Property Group stock?

Shares of Simon Property Group can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Simon Property Group stock cost?

One share of Simon Property Group stock can currently be purchased for approximately $157.26.

Analyst Ratings

Consensus Ratings for Simon Property Group (NYSE:SPG) (?)
Ratings Breakdown: 5 Hold Ratings, 7 Buy Ratings
Consensus Rating:Buy (Score: 2.58)
Consensus Price Target: $212.18 (34.92% upside)

Analysts' Ratings History for Simon Property Group (NYSE:SPG)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
5/22/2017Deutsche Bank AGBoost Price TargetHold$188.00 -> $191.00LowView Rating Details
5/18/2017Royal Bank of CanadaReiterated RatingHold$182.00HighView Rating Details
5/15/2017Barclays PLCReiterated RatingOverweight$200.00 -> $191.00LowView Rating Details
4/17/2017Jefferies Group LLCReiterated RatingBuy$210.00LowView Rating Details
4/3/2017BTIG ResearchReiterated RatingBuy$231.00LowView Rating Details
3/27/2017Canaccord GenuityLower Price TargetBuy$250.00 -> $224.00LowView Rating Details
3/17/2017Hilliard LyonsUpgradeNeutral -> Buy$197.00LowView Rating Details
3/17/2017Goldman Sachs Group IncDowngradeBuy -> Neutral$207.00 -> $185.00LowView Rating Details
1/19/2017SunTrust Banks, Inc.DowngradeBuy -> HoldN/AView Rating Details
8/11/2016ArgusSet Price TargetBuy$235.00 -> $245.00N/AView Rating Details
8/3/2016MizuhoDowngradeBuy -> Neutral$238.00N/AView Rating Details
8/1/2016Stifel NicolausBoost Price TargetBuy$232.00 -> $240.00N/AView Rating Details
4/1/2016Citigroup IncBoost Price TargetBuy$214.00 -> $235.00N/AView Rating Details
3/21/2016Evercore ISIBoost Price TargetBuy$213.00 -> $220.00N/AView Rating Details
1/29/2016Raymond James Financial, Inc.Lower Price Target$235.00 -> $220.00N/AView Rating Details
1/12/2016Cowen and CompanyReiterated RatingOutperform$241.00N/AView Rating Details
12/4/2015Boenning ScattergoodInitiated CoverageOutperform$230.00N/AView Rating Details
10/16/2015Morgan StanleyBoost Price Target$217.00 -> $220.00N/AView Rating Details
9/8/2015Evercore Partners Inc.Lower Price TargetBuy$210.00 -> $205.00N/AView Rating Details
7/3/2015Credit Suisse Group AGReiterated RatingOutperform$230.00N/AView Rating Details
(Data available from 5/27/2015 forward)


Earnings History for Simon Property Group (NYSE:SPG)
Earnings by Quarter for Simon Property Group (NYSE:SPG)
Earnings History by Quarter for Simon Property Group (NYSE:SPG)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
4/27/2017Q1 2017$2.76$2.74$1.36 billion$1.35 billionViewN/AView Earnings Details
1/31/2017Q416$1.48$2.53$1.46 billion$1.43 billionViewListenView Earnings Details
10/26/2016Q316$2.68$2.70$1.35 billion$1.36 billionViewListenView Earnings Details
7/27/2016Q216$2.62$2.63$1.33 billion$1.32 billionViewListenView Earnings Details
4/26/2016Q116$2.54$2.63$1.26 billion$1.34 billionViewListenView Earnings Details
1/29/2016Q415$2.40$2.40$1.38 billion$1.38 billionViewListenView Earnings Details
10/27/2015Q315$2.47$2.54$1.30 billion$1.32 billionViewListenView Earnings Details
7/24/2015Q215$2.35$2.63$1.24 billion$1.35 billionViewListenView Earnings Details
4/24/2015Q115$2.26$2.28$1.22 billion$1.22 billionViewListenView Earnings Details
1/30/2015Q414$2.47$2.47$1.31 billion$1.30 billionViewListenView Earnings Details
10/22/2014Q314$1.95$1.90$1.19 billion$1.23 billionViewListenView Earnings Details
7/23/2014Q214$2.13$2.16$1.25 billion$1.18 billionViewListenView Earnings Details
4/22/2014Q114$2.24$2.38$1.30 billion$1.32 billionViewListenView Earnings Details
1/31/2014Q413$2.42$2.47$1.39 billion$1.42 billionViewListenView Earnings Details
10/25/2013Q313$2.16$2.21$1.30 billionViewListenView Earnings Details
7/29/2013Q213$2.07$2.11$1.24 billion$1.24 billionViewListenView Earnings Details
4/26/2013Q113$2.00$2.05$1.19 billion$1.22 billionViewListenView Earnings Details
2/4/2013Q4 2012$2.16$2.29$1.29 billion$13.44 billionViewListenView Earnings Details
10/25/2012$1.92$1.99ViewN/AView Earnings Details
7/24/2012$1.81$1.89ViewN/AView Earnings Details
4/27/2012$1.67$1.82ViewN/AView Earnings Details
2/3/2012$1.91$1.91ViewN/AView Earnings Details
10/25/2011$1.66$1.71ViewN/AView Earnings Details
4/29/2011$1.54$1.61ViewN/AView Earnings Details
2/4/2011$1.74$1.75ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for Simon Property Group (NYSE:SPG)
2017 EPS Consensus Estimate: $11.52
2018 EPS Consensus Estimate: $12.25
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20173$2.72$2.78$2.76
Q2 20173$2.80$2.83$2.81
Q3 20173$2.86$2.88$2.87
Q4 20173$3.06$3.13$3.09
Q1 20181$2.95$2.95$2.95
Q2 20181$2.99$2.99$2.99
Q3 20181$3.06$3.06$3.06
Q4 20181$3.25$3.25$3.25
(Data provided by Zacks Investment Research)


Current Dividend Information for Simon Property Group (NYSE:SPG)
Next Dividend:5/31/2017
Annual Dividend:$7.00
Dividend Yield:4.45%
Dividend Growth:11.80% (3 Year Average)
Payout Ratio:119.25% (Trailing 12 Months of Earnings)
107.20% (Based on This Year's Estimates)
100.57% (Based on Next Year's Estimates)
Track Record:7 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for Simon Property Group (NYSE:SPG)

Dividend History by Quarter for Simon Property Group (NYSE:SPG)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Simon Property Group (NYSE:SPG)
Insider Ownership Percentage: 8.50%
Institutional Ownership Percentage: 97.40%
Insider Trades by Quarter for Simon Property Group (NYSE:SPG)
Institutional Ownership by Quarter for Simon Property Group (NYSE:SPG)
Insider Trades by Quarter for Simon Property Group (NYSE:SPG)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
3/28/2017Reuben S. LeibowitzDirectorBuy1,400$166.00$232,400.00View SEC Filing  
9/1/2016Steven K BroadwaterSVPSell945$215.41$203,562.45View SEC Filing  
8/29/2016Andrew JusterCFOSell7,000$215.68$1,509,760.00View SEC Filing  
4/28/2016Allan B HubbardDirectorBuy136$204.92$27,869.12View SEC Filing  
3/21/2016David J ContisEVPSell11,000$202.63$2,228,930.00View SEC Filing  
12/22/2015Allan B HubbardDirectorBuy145$192.70$27,941.50View SEC Filing  
8/18/2015Steven K BroadwaterCAOSell1,489$194.17$289,119.13View SEC Filing  
12/24/2014John RulliEVPSell5,400$186.28$1,005,912.00View SEC Filing  
12/23/2014Stephen E SterrettCFOSell9,369$186.21$1,744,601.49View SEC Filing  
12/22/2014Andrew JusterEVPSell7,500$185.51$1,391,325.00View SEC Filing  
6/26/2014Steven K BroadwaterCAOSell1,370$165.88$227,255.60View SEC Filing  
3/5/2014David ContisEVPSell4,000$164.27$657,080.00View SEC Filing  
12/27/2013Stephen SterrettCFOSell8,955$153.14$1,371,368.70View SEC Filing  
12/26/2013James BarkleyGeneral CounselSell4,000$154.40$617,600.00View SEC Filing  
3/12/2013Larry C GlasscockDirectorBuy1,500$159.99$239,985.00View SEC Filing  
(Data available from 1/1/2013 forward)


Headline Trends for Simon Property Group (NYSE:SPG)
Latest Headlines for Simon Property Group (NYSE:SPG)
DateHeadline logoSimon Property Group To Redeem All Outstanding 5.65% Notes Due 2020 - May 26 at 7:13 AM logoFitch Rates Simon Property Group's Notes Offering 'A' - May 25 at 2:49 AM logo[$$] Simon Property Group to Invest $1 Billion to Redevelop Mall Assets - May 23 at 7:21 PM logoThe Forum Shops at Caesars Palace to Welcome 'The Slanted Door' Restaurant - May 23 at 7:20 PM logoSimon Property (SPG) Plans to Invest $1B in its Portfolio - May 23 at 9:13 AM logoHow Well Does Simon Property Leverage Its Balance Sheet? - May 22 at 6:58 PM logoSimon To Invest $1 Billion In 2017, Enhancing Its Premier Shopping, Dining, And Entertainment Destinations - May 22 at 6:58 PM logoThe Shops at Clearfork Introduces New-To-Market Luxury Retailers - May 22 at 6:58 PM logoSimon Property Group Sells $1.35 Billion Of Senior Notes - May 22 at 6:58 PM logoSimon Property Group Inc (SPG) Rating Reiterated by Deutsche Bank AG - May 22 at 11:30 AM logoSimon Property Group Can Give Steady Returns - May 22 at 8:54 AM logoWhy Simon Property Group May Not Fear the Fed’s Rate Hikes - May 19 at 12:47 PM logoSPG Fights Rate Headwinds with Product Diversification - May 19 at 12:47 PM logoSimon Property Group Inc (SPG) Given Hold Rating at Royal Bank of Canada - May 18 at 9:40 PM logoSimon Property Group: Growth in a Time of Shrinking Malls - May 18 at 12:59 PM logoSimon Property Group, Inc. : SPG-US: Dividend Analysis : May 17th, 2017 (record date) : By the numbers : May 18, 2017 - May 18 at 12:59 PM logo'Big Short' Steve Eisman likes two FANG stocks - May 16 at 7:54 PM logoIs it Wise to Hold Simon (SPG) in Your Portfolio Right Now? - May 16 at 9:04 AM logo'Big Short' Steve Eisman likes two FANG stocks - May 16 at 9:04 AM logoSimon Property Group Inc (SPG) Stock Rating Reaffirmed by Barclays PLC - May 15 at 3:50 PM logoSimon Property Group, Inc. (SPG) Ex-Dividend Date Scheduled for May 15, 2017 - Nasdaq - May 13 at 8:03 AM logoAventura Mall Trust 2013-AVM -- Moody's Affirms Five CMBS Classes of Aventura Mall Trust 2013-AVM - May 11 at 9:06 PM logoSimon Property Group Inc (SPG) Given Consensus Recommendation of "Buy" by Brokerages - May 8 at 12:38 PM logoSPG June 2018 Options Begin Trading - Nasdaq - May 8 at 11:11 AM logoSimon Property Becomes A Value REIT - Seeking Alpha - May 4 at 8:27 PM logoPositive Media Coverage Likely to Impact Simon Property Group (SPG) Share Price - May 2 at 9:10 PM logoSimon Continues More Than Pink™ Drive With Susan G. Komen® To Reduce Breast Cancer Deaths In The U.S. By 50 Percent By 2026 - May 2 at 5:47 PM logoSimon Property Group Inc (SPG) to Post Q2 2017 Earnings of $2.80 Per Share, Boenning Scattergood Forecasts - May 1 at 7:35 AM logoPositive News Coverage Very Likely to Impact Simon Property Group (SPG) Share Price - April 29 at 3:53 PM logo Brokerages Anticipate Simon Property Group Inc (SPG) Will Post Quarterly Sales of $1.33 Billion - April 29 at 10:16 AM logoSimon Property Group Inc (SPG) Issues Quarterly Earnings Results, Misses Estimates By $0.02 EPS - April 28 at 9:08 PM logoEdited Transcript of SPG earnings conference call or presentation 27-Apr-17 2:00pm GMT - April 28 at 4:11 PM logoSimon Property Group Inc Forecasted to Earn Q3 2017 Earnings of $2.86 Per Share (SPG) - April 28 at 12:59 PM logoBRIEF-Simon Property Group Q1 FFO per share $2.74 - April 28 at 1:19 AM logoSimon Property Group Inc Q1 Earnings Rise 3% - April 28 at 1:19 AM logoSimon Property Group (SPG) Q1 2017 Results - Earnings Call Transcript - April 28 at 1:19 AM logoSimon Property (SPG) Q1 FFO Lags Estimates, Revenues Rise - Yahoo Finance - April 27 at 8:18 PM logoSimon Property Group Inc (SPG) Declares Quarterly Dividend of $1.75 - April 27 at 3:44 PM logoREIT Stocks' Q1 Earnings Due on Apr 27: AMT, AIV, DLR & SPG - Yahoo Finance - April 27 at 3:17 PM logoSimon Property (SPG) Q1 FFO Miss Estimate, Revenues Beat - Nasdaq - April 27 at 3:17 PM logoSimon Property Group Reports First Quarter 2017 Results And 9.4% Year-Over-Year Increase In Quarterly Dividend - April 27 at 3:17 PM logoSimon Property reports 1Q results - April 27 at 3:17 PM logoSimon Property (SPG) Q1 FFO Miss Estimate, Revenues Beat - April 27 at 3:17 PM logoSimon Property (SPG) Q1 FFO Lags Estimates, Revenues Rise - April 27 at 3:17 PM logoSimon Property Group Inc (SPG) Updates FY17 Earnings Guidance - April 27 at 10:14 AM logo$2.76 EPS Expected for Simon Property Group Inc (SPG) This Quarter - April 27 at 8:48 AM logoSimon Property Group Inc (SPG) Upgraded to "Strong-Buy" at Vetr Inc. - April 27 at 1:05 AM logoSimon Property Group Inc (SPG) Upgraded at Vetr Inc. - April 27 at 1:05 AM logoFavorable News Coverage Very Likely to Impact Simon Property Group (SPG) Share Price - April 26 at 5:22 PM logo[$$] Betting big against US shopping malls takes new twist - April 26 at 4:22 PM



Simon Property Group (SPG) Chart for Saturday, May, 27, 2017

This page was last updated on 5/27/2017 by Staff