Simon Property Group - SPG Stock Forecast, Price & News

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Simon Property Group in the last twelve months. There are currently 6 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" SPG shares. 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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11 brokers have issued 1-year price objectives for Simon Property Group's shares. Their SPG share price forecasts range from $100.00 to $165.00. On average, they anticipate the company's share price to reach $127.55 in the next twelve months. This suggests a possible upside of 6.9% from the stock's current price.
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Simon Property Group's stock was trading at $159.77 at the beginning of 2022. Since then, SPG stock has decreased by 25.3% and is now trading at $119.34.
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The company is scheduled to release its next quarterly earnings announcement on Monday, February 6th 2023.
View our SPG earnings forecast.

Simon Property Group, Inc. (NYSE:SPG) announced its quarterly earnings results on Monday, August, 1st. The real estate investment trust reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.08. The real estate investment trust had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.25 billion. Simon Property Group had a trailing twelve-month return on equity of 54.59% and a net margin of 37.74%. The firm's quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.92 EPS.
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Simon Property Group declared a quarterly dividend on Tuesday, November 1st. Stockholders of record on Friday, December 9th will be paid a dividend of $1.80 per share on Friday, December 30th. This represents a $7.20 annualized dividend and a dividend yield of 6.03%. The ex-dividend date of this dividend is Thursday, December 8th. This is a boost from the stock's previous quarterly dividend of $1.75.
Read our dividend analysis for SPG.

Simon Property Group (NYSE:SPG) pays an annual dividend of $7.00 per share and currently has a dividend yield of 5.88%. SPG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company 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 is 116.86%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, SPG will have a dividend payout ratio of 57.80% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SPG.

Simon Property Group issued an update on its FY 2022 earnings guidance on Tuesday, November, 8th. The company provided earnings per share guidance of $11.83-$11.88 for the period, compared to the consensus estimate of $11.67. The company issued revenue guidance of -.

197 employees have rated Simon Property Group Chief Executive Officer David Simon on Glassdoor.com. David Simon has an approval rating of 44% among the company's employees. This puts David Simon in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

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).

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 shareholders include Vanguard Group Inc. (14.84%), BlackRock Inc. (10.87%), Cohen & Steers Inc. (7.47%), State Street Corp (6.97%), Daiwa Securities Group Inc. (1.37%) and Dimensional Fund Advisors LP (1.32%). Insiders that own company 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/.
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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.
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One share of SPG stock can currently be purchased for approximately $119.34.

Simon Property Group (NYSE:SPG) has a market capitalization of $39.02 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 $5.99 on an earnings per share basis.

The company employs 3,300 workers across the globe.

Simon Property Group's mailing address is 225 WEST WASHINGTON STREET, INDIANAPOLIS IN, 46204. The official website for the company 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.