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NYSE:SPG

Simon Property Group (SPG) Stock Forecast, Price & News

$103.53
+1.17 (+1.14%)
(As of 05/30/2023 ET)
Compare
Today's Range
$102.70
$103.86
50-Day Range
$101.25
$113.49
52-Week Range
$86.02
$133.08
Volume
1.14 million shs
Average Volume
1.53 million shs
Market Capitalization
$33.85 billion
P/E Ratio
15.69
Dividend Yield
6.95%
Price Target
$127.63

Simon Property Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.55 Rating Score
Upside/​Downside
23.3% Upside
$127.63 Price Target
Short Interest
Bearish
1.91% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.10
Upright™ Environmental Score
News Sentiment
0.57mentions of Simon Property Group in the last 14 days
Based on 10 Articles This Week
Insider Trading
Acquiring Shares
$60,241 Bought Last Quarter
Proj. Earnings Growth
3.19%
From $11.92 to $12.30 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.34 out of 5 stars

Finance Sector

544th out of 905 stocks

Real Estate Investment Trusts Industry

109th out of 190 stocks


SPG stock logo

About Simon Property Group (NYSE:SPG) Stock

Simon Property Group, Inc. is a self-administered and self-managed real estate investment trust, which engages in the ownership, development, and management of shopping, dining, entertainment, and mixed-used destinations, which consist primarily of malls, Premium Outlets, and The Mills. The company was founded by Fred Simon, Herbert Simon and Melvin Simon in 1993 and is headquartered in Indianapolis, IN.

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SPG Stock News Headlines

The Buckle Has Nice Dividend At A Hefty Discount (SPG)
Buckle may have reported some disappointing data for its first quarter 2023 earnings. However, investors focused on the next rally stop any sour reactions
BREAKING: The truth about war with China
Foreign Affairs reports, "China is Now in a Prewar Tempo of Political and Military Preparations." China has one goal: take control of Taiwan, and an invasion could happen any day. I've identified 5 investments I believe are in immediate danger. But you can get out of them now - before it's too late.
Realty Income Trades At Decade Low Valuations, Worth The Yield? (SPG)
Realty Income is trading at decade low valuations, with management increasing investment budgets at these cap rates investors may see new highs in the stock
Simon Property Group Could Be a High Yield Savings Account (SPG)
Simon Property Group is giving investors the best of both worlds, as its market value seems undervalued while the stock pays one of its highest dividend yields
BREAKING: Tiny biotech successfully treats blindness
There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.
Simon Property, Mall REITs Up on Retail Sales
Beloved Discount Retailer Makes a Bold Bet on Malls
Why Is Simon Property's Dividend So High?
See More Headlines
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SPG Company Calendar

Last Earnings
2/06/2023
Ex-Dividend for 3/31 Dividend
3/09/2023
Dividend Payable
3/31/2023
Today
5/30/2023
Ex-Dividend for 6/30 Dividend
6/08/2023
Dividend Payable
6/30/2023
Next Earnings (Estimated)
8/07/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Retail REITs
Sector
Finance
CUSIP
82880610
Employees
3,300
Year Founded
1993

Price Target and Rating

Average Stock Price Forecast
$127.63
High Stock Price Forecast
$160.00
Low Stock Price Forecast
$100.00
Forecasted Upside/Downside
+23.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.55
Research Coverage
11 Analysts

Profitability

Net Income
$2.14 billion
Pretax Margin
36.78%

Debt

Sales & Book Value

Annual Sales
$5.29 billion
Cash Flow
$10.12 per share
Book Value
$10.41 per share

Miscellaneous

Free Float
298,940,000
Market Cap
$33.85 billion
Optionable
Optionable
Beta
1.51

Social Links


Key Executives

  • David E. SimonDavid E. Simon
    Chairman, President & Chief Executive Officer
  • Brian J. McDade
    Chief Financial Officer & Executive Vice President
  • Joseph W. Chiappetta
    Chief Technology Officer & Senior Vice President
  • Donald G. Frey
    Treasurer & Executive Vice President
  • Adam J. Reuille
    Chief Accounting Officer & Senior Vice President













SPG Stock - Frequently Asked Questions

Should I buy or sell Simon Property Group stock right now?

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Simon Property Group in the last twelve months. There are currently 5 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" SPG shares.
View SPG analyst ratings
or view top-rated stocks.

What is Simon Property Group's stock price forecast for 2023?

11 equities research analysts have issued twelve-month price objectives for Simon Property Group's stock. Their SPG share price forecasts range from $100.00 to $160.00. On average, they predict the company's stock price to reach $127.63 in the next twelve months. This suggests a possible upside of 23.5% from the stock's current price.
View analysts price targets for SPG
or view top-rated stocks among Wall Street analysts.

How have SPG shares performed in 2023?

Simon Property Group's stock was trading at $117.48 at the beginning of 2023. Since then, SPG shares have decreased by 12.0% and is now trading at $103.37.
View the best growth stocks for 2023 here
.

When is Simon Property Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, August 7th 2023.
View our SPG earnings forecast
.

How were Simon Property Group's earnings last quarter?

Simon Property Group, Inc. (NYSE:SPG) issued its earnings results on Monday, February, 6th. The real estate investment trust reported $2.06 earnings per share for the quarter, missing analysts' consensus estimates of $3.14 by $1.08. The real estate investment trust earned $1.40 billion during the quarter, compared to the consensus estimate of $1.29 billion. Simon Property Group had a trailing twelve-month return on equity of 62.26% and a net margin of 40.49%. The firm's revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.09 EPS.
Read the conference call transcript
.

How often does Simon Property Group pay dividends? What is the dividend yield for Simon Property Group?

Simon Property Group announced a quarterly dividend on Tuesday, May 2nd. Shareholders of record on Friday, June 9th will be given a dividend of $1.85 per share on Friday, June 30th. This represents a $7.40 dividend on an annualized basis and a yield of 7.16%. The ex-dividend date of this dividend is Thursday, June 8th. This is a boost from the stock's previous quarterly dividend of $1.80.
Read our dividend analysis for SPG
.

Is Simon Property Group a good dividend stock?

Simon Property Group (NYSE:SPG) pays an annual dividend of $7.20 per share and currently has a dividend yield of 7.03%. 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 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 109.09%. 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 58.54% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SPG.

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

Simon Property Group issued an update on its FY 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share guidance of $11.80-$11.95 for the period, compared to the consensus EPS estimate of $11.93. The company issued revenue guidance of -.

What is David Simon's approval rating as Simon Property Group's CEO?

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.

What other stocks do shareholders of Simon Property Group own?

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).

What is Simon Property Group's stock symbol?

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

Who are Simon Property Group's major shareholders?

Simon Property Group's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (10.59%), State Street Corp (6.94%), Geode Capital Management LLC (2.49%), FMR LLC (1.81%), Dimensional Fund Advisors LP (1.41%) and Daiwa Securities Group Inc. (1.37%). Insiders that own company stock include Daniel C Smith, J Albert Smith Jr, Karen N Horn, Marta R Stewart, Peggy Fang Roe and Simon Property Group Inc /De/.
View institutional ownership trends
.

How do I buy shares of Simon Property Group?

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.
Compare Top Brokerages Here.

What is Simon Property Group's stock price today?

One share of SPG stock can currently be purchased for approximately $103.37.

How much money does Simon Property Group make?

Simon Property Group (NYSE:SPG) has a market capitalization of $33.80 billion and generates $5.29 billion in revenue each year. The real estate investment trust earns $2.14 billion in net income (profit) each year or $6.60 on an earnings per share basis.

How many employees does Simon Property Group have?

The company employs 3,300 workers across the globe.

How can I contact Simon Property Group?

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.

This page (NYSE:SPG) was last updated on 5/30/2023 by MarketBeat.com Staff

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