Simon Property Group Company Profile (NYSE:SPG)

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

Simon Property Group declared a quarterly dividend on Thursday, April 27th. Investors of record on Wednesday, May 17th will be paid a dividend of $1.75 per share on Wednesday, May 31st. This represents a $7.00 annualized dividend and a yield of 4.27%. The ex-dividend date is Monday, May 15th. View Simon Property Group's Dividend History.

Simon Property Group, Inc. (NYSE:SPG) posted its quarterly earnings results on Thursday, April, 27th. The company reported $2.74 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $2.76 by $0.02. The company had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.36 billion. Simon Property Group had a return on equity of 40.16% and a net margin of 34.99%. The firm's revenue was up .7% on a year-over-year basis. During the same period in the previous year, the business posted $2.63 EPS. View Simon Property Group's Earnings History.

Simon Property Group is scheduled to release their next quarterly earnings announcement on Tuesday, August, 1st 2017. View Earnings Estimates for Simon Property Group.

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

13 equities research analysts have issued 1 year target prices for Simon Property Group's shares. Their forecasts range from $158.00 to $231.00. On average, they expect Simon Property Group's share price to reach $192.00 in the next twelve months. View Analyst Ratings for Simon Property Group.

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

• 1. According to Zacks Investment Research, "Shares of Simon Property underperformed the Zacks categorized REIT and Equity Trust – Retail industry over the past three months. Also, the company’s second-quarter and full-year 2017 funds from operations (FFO) per share estimates moved south over the past 30 days. Notably, mall traffic has continued to suffer amid a rapid shift in customers’ shopping preferences and patterns with online purchases growing by leaps and bounds, leading retailers to reconsider their footprint and eventually opt for store closures. Further, retailers that are not being able to cope with competition are filing bankruptcies. While Simon Property is striving to counter the pressure through various initiatives, the implementation of such measures requires a decent upfront cost and therefore, would limit any robust growth in its profit margins in the near term. Also, rate hike have added to its woes." (7/11/2017)
• 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)

Some companies that are related to Simon Property Group include General Growth Properties (GGP), Regency Centers Corporation (REG), Macerich Company (The) (MAC), Kimco Realty Corporation (KIM), National Retail Properties (NNN), Brixmor Property Group (BRX), Weingarten Realty Investors (WRI), DDR Corp. (DDR), Taubman Centers (TCO), CoreSite Realty Corporation (COR), Retail Properties of America (RPAI), Tanger Factory Outlet Centers (SKT), Urban Edge Properties (UE), Acadia Realty Trust (AKR), Retail Opportunity Investments Corp. (ROIC), American Assets Trust (AAT), Kite Realty Group Trust (KRG) and Washington Prime Group (WPG).

Simon Property Group's management team includes the folowing people:

• David E. Simon, Chairman of the Board, Chief Executive Officer
• Andrew A. Juster, Chief Financial Officer, Executive Vice President
• Richard S. Sokolov, President, Chief Operating Officer, Director
• John Rulli, Senior Executive Vice President, Chief Administrative Officer
• Steven K. Broadwater, Senior Vice President, Chief Accounting Officer
• Brian J. McDade, Senior Vice President, Treasurer
• Steven E. Fivel, General Counsel, Secretary
• Alexander L. W. Snyder, Assistant General Counsel, Assistant Secretary
• Herbert Simon, Chairman Emeritus
• Larry C. Glasscock, Lead Independent Director

Simon Property Group's stock is owned by a number of of institutional and retail investors. Top institutional investors include APG Asset Management US Inc. (2.32%), PGGM Investments (1.14%), Russell Investments Group Ltd. (0.33%), Strs Ohio (0.20%), AMF Pensionsforsakring AB (0.14%) and NN Investment Partners Holdings N.V. (0.13%). 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.

Simon Property Group's stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Bank of Montreal Can, Strs Ohio, Sumitomo Mitsui Asset Management Company LTD, Lincluden Management Ltd., Exxonmobil Investment Management Inc. TX, Chevy Chase Trust Holdings Inc. and US Bancorp DE. 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.

Simon Property Group's stock was bought by a variety of institutional investors in the last quarter, including APG Asset Management US Inc., PGGM Investments, Factory Mutual Insurance Co., Mn Services Vermogensbeheer B.V., Patriot Wealth Management Inc., Forsta AP Fonden, National Pension Service and NN Investment Partners Holdings N.V.. 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.

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.

One share of Simon Property Group stock can currently be purchased for approximately $163.77.