Simon Property Group Stock Forecast, Price & News

Simon Property Group's stock was trading at $101.50 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, SPG shares have decreased by 15.7% and is now trading at $85.55.
View which stocks have been most impacted by COVID-19.

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Simon Property Group in the last year. There are currently 1 sell rating, 11 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Simon Property Group.

Wall Street analysts have given Simon Property Group a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Simon Property Group wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

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) announced its earnings results on Monday, November, 9th. The real estate investment trust reported $0.48 EPS for the quarter, missing the Zacks' consensus estimate of $2.25 by $1.77. The real estate investment trust had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.16 billion. Simon Property Group had a return on equity of 65.60% and a net margin of 32.88%. The company's revenue was down 25.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.05 EPS.
View Simon Property Group's earnings history.

Simon Property Group announced a quarterly dividend on Tuesday, September 29th. Shareholders of record on Friday, October 9th will be paid a dividend of $1.30 per share on Friday, October 23rd. This represents a $5.20 dividend on an annualized basis and a dividend yield of 6.08%. The ex-dividend date of this dividend is Thursday, October 8th.
View Simon Property Group's dividend history.

Simon Property Group announced that its board has approved a stock repurchase program on Tuesday, February 12th 2019, which allows the company to repurchase $2,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 3.4% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's leadership believes its shares are undervalued.

16 Wall Street analysts have issued 12-month target prices for Simon Property Group's stock. Their forecasts range from $49.00 to $160.00. On average, they anticipate Simon Property Group's share price to reach $84.71 in the next year. This suggests that the stock has a possible downside of 1.0%.
View analysts' price targets for Simon Property Group.

Some companies that are related to Simon Property Group include Realty Income (O), Regency Centers (REG), Federal Realty Investment Trust (FRT), National Retail Properties (NNN), Kimco Realty (KIM), Agree Realty (ADC), Weingarten Realty Investors (WRI), Taubman Centers (TCO), Retail Properties of America (RPAI), The Macerich (MAC), Retail Opportunity Investments (ROIC), Alexander's (ALX), Acadia Realty Trust (AKR), Kite Realty Group Trust (KRG) and Getty Realty (GTY).
View all competitors.

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 institutional and retail investors. Top institutional shareholders include State Street Corp (5.72%), Daiwa Securities Group Inc. (2.01%), Morgan Stanley (1.89%), PGGM Investments (1.32%), Charles Schwab Investment Management Inc. (0.85%) and Principal Financial Group Inc. (0.80%). 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 State Street Corp, AQR Capital Management LLC, Heitman Real Estate Securities LLC, Los Angeles Capital Management & Equity Research Inc., Aew Capital Management L P, Morgan Stanley, UBS Asset Management Americas Inc., and Public Sector Pension Investment Board.
View insider buying and selling activity for Simon Property Group.

SPG stock was purchased by a variety of institutional investors in the last quarter, including Daiwa Securities Group Inc., State of Tennessee Treasury Department, Prudential PLC, PGGM Investments, Sei Investments Co., NN Investment Partners Holdings N.V., Worldquant Millennium Advisors LLC, and GEM Realty Capital. 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.

Shares of SPG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of SPG stock can currently be purchased for approximately $85.55.

Simon Property Group has a market capitalization of $26.17 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]