NYSE:SPG Simon Property Group - SPG Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Simon Property Group, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $103.48 +1.10 (+1.07%) (As of 03/24/2023 12:00 AM ET) Add Compare Share Share Today's Range$100.32▼$103.6350-Day Range$102.38▼$131.7952-Week Range$86.02▼$138.65Volume2.02 million shsAverage Volume1.81 million shsMarket Capitalization$33.83 billionP/E Ratio15.87Dividend Yield6.96%Price Target$132.08 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Simon Property Group MarketRank™ ForecastAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside27.6% Upside$132.08 Price TargetShort InterestHealthy1.73% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-3.10Upright™ Environmental ScoreNews Sentiment0.40Based on 21 Articles This WeekInsider TradingN/AProj. Earnings Growth2.08%From $12.04 to $12.29 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.66 out of 5 starsFinance Sector296th out of 868 stocksReal Estate Investment Trusts Industry61st out of 190 stocks 3.3 Analyst's Opinion Consensus RatingSimon Property Group has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 6 buy ratings, 6 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $132.08, Simon Property Group has a forecasted upside of 27.6% from its current price of $103.48.Amount of Analyst CoverageSimon Property Group has only been the subject of 4 research reports in the past 90 days. Previous Next 4.0 Short Interest Percentage of Shares Shorted1.73% of the float of Simon Property Group has been sold short.Short Interest Ratio / Days to CoverSimon Property Group has a short interest ratio ("days to cover") of 3.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Simon Property Group has recently decreased by 2.77%, indicating that investor sentiment is improving. Previous Next 2.5 Dividend Strength Dividend LeadershipSimon Property Group is a leading dividend payer. It pays a dividend yield of 6.90%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthSimon Property Group has only been increasing its dividend for 2 years.Dividend CoverageThe dividend payout ratio of Simon Property Group is 110.43%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, Simon Property Group will have a dividend payout ratio of 58.58% next year. This indicates that Simon Property Group will be able to sustain or increase its dividend. Previous Next 1.9 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreSimon Property Group has received a -3.72% net impact score from Upright. The largest negative impact of Simon Property in category "GHG emissions" seems to be driven mostly by its "Parking lot services", "Real estate funds investing in office buildings", and "Real estate funds investing in shopping centers" products. See details.Environmental SustainabilityThe Environmental Impact score for Simon Property Group is -3.10. Previous Next 3.0 News and Social Media Coverage News SentimentSimon Property Group has a news sentiment score of 0.40. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.64 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 21 news articles for Simon Property Group this week, compared to 6 articles on an average week.Social Mentions This WeekMarketBeat has tracked 1 reddit mention for Simon Property Group this week, compared to 0 mentions on an average week.Search Interest93 people have searched for SPG on MarketBeat in the last 30 days. This is an increase of 43% compared to the previous 30 days.MarketBeat Follows21 people have added Simon Property Group to their MarketBeat watchlist in the last 30 days. This is an increase of 17% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Simon Property Group insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 8.50% of the stock of Simon Property Group is held by insiders.Percentage Held by Institutions83.89% of the stock of Simon Property Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Simon Property Group are expected to grow by 2.08% in the coming year, from $12.04 to $12.29 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Simon Property Group is 15.87, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.58.Price to Earnings Ratio vs. SectorThe P/E ratio of Simon Property Group is 15.87, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 129.84.Price to Earnings Growth RatioSimon Property Group has a PEG Ratio of 2.45. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioSimon Property Group has a P/B Ratio of 9.94. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Simon Property Group (NYSE:SPG) StockSimon Property Group, Inc. is a self-administered and self-managed real estate investment trust, which engages in the ownership, development, and management of shopping, dining, entertainment, and mixed-used destinations, which consist primarily of malls, Premium Outlets, and The Mills. The company was founded by Fred Simon, Herbert Simon and Melvin Simon in 1993 and is headquartered in Indianapolis, IN.Read More Receive SPG Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Simon Property Group and its competitors with MarketBeat's FREE daily newsletter. Email Address SPG Stock News HeadlinesMarch 25, 2023 | marketwatch.comWhen Simon Property Group ($SPG) Moves Investors should ListenMarch 25, 2023 | americanbankingnews.comSimon Property Group, Inc. (NYSE:SPG) Expected to Earn Q3 2023 Earnings of $2.98 Per ShareMarch 25, 2023 | Stansberry Research (Ad)The gold catalyst we’ve waited forIf you thought the SVB meltdown was bad… watch out. Because even bigger red flag just appeared. This signal proves that a recession is likely right around the corner. It will take most by surprise. Stocks will crash. Millions will go jobless, and lose their homes. But there is ONE important step you should take today to make sure you come out the other side OK. March 24, 2023 | americanbankingnews.comFY2023 EPS Estimates for Simon Property Group, Inc. (NYSE:SPG) Decreased by AnalystMarch 23, 2023 | finance.yahoo.comSimon Property Group Announces Appointment of Randall J. Lewis to Board of DirectorsMarch 23, 2023 | finance.yahoo.comSimon Property Group Announces That Its Two Most Highly Tenured Independent Directors Will Retire from the BoardMarch 23, 2023 | americanbankingnews.comSimon Property Group (NYSE:SPG) Receives New Coverage from Analysts at The Goldman Sachs GroupMarch 21, 2023 | markets.businessinsider.comWhat 5 Analyst Ratings Have To Say About Simon Property GroupMarch 25, 2023 | Stansberry Research (Ad)The gold catalyst we’ve waited forIf you thought the SVB meltdown was bad… watch out. Because even bigger red flag just appeared. This signal proves that a recession is likely right around the corner. It will take most by surprise. Stocks will crash. Millions will go jobless, and lose their homes. But there is ONE important step you should take today to make sure you come out the other side OK. March 16, 2023 | marketwatch.comSimon Property Group Inc. stock rises Tuesday, still underperforms marketMarch 14, 2023 | investing.comSimon Property Group Announces New $5.0 Billion Revolving Credit FacilityMarch 14, 2023 | finance.yahoo.comIs Simon Property Group (SPG) a Strong Stock to Invest in?March 13, 2023 | finance.yahoo.comHere's Why Simon Property (SPG) Stock Soared 11.4% in 6 MonthsMarch 12, 2023 | nasdaq.comSimon Property Group Enters Oversold Territory (SPG)March 11, 2023 | finance.yahoo.comEarnings are growing at Simon Property Group (NYSE:SPG) but shareholders still don't like its prospectsMarch 9, 2023 | benzinga.comSimon Property Group Stock (NYSE:SPG), DividendsMarch 6, 2023 | markets.businessinsider.comAnalysts Have Conflicting Sentiments on These Financial Companies: Simon Property (SPG), Goldman Sachs Group (GS) and Uniti Group (UNIT)March 3, 2023 | wsj.comSimon Property Group Inc. 8.375% Cum. Redeem. Pfd. Series JMarch 2, 2023 | finance.yahoo.comClip Money Partners with International Fuel Distributor and Retailer to Offer 24/7 Business Deposit SolutionMarch 1, 2023 | seekingalpha.comSimon Property Group Inside OutMarch 1, 2023 | marketwatch.comSimon Property Group Inc. stock outperforms competitors despite losses on the dayFebruary 27, 2023 | finance.yahoo.comSimon Property Group, Inc. (NYSE:SPG) insiders placed bullish bets worth US$1.4m in the last 12 monthsFebruary 22, 2023 | finance.yahoo.comBullish Signal for REIT Has Never Been WrongFebruary 21, 2023 | seekingalpha.comSimon Property Group: 5.82% Yielding REIT, Room For Dividend GrowthFebruary 21, 2023 | markets.businessinsider.comAnalysts’ Opinions Are Mixed on These Financial Stocks: Digital Realty (DLR), Simon Property (SPG) and QBE Insurance Group Limited (OtherQBEIF)February 20, 2023 | seekingalpha.comSimon Property: Good Time To Buy At Just 10x P/FFOFebruary 19, 2023 | finance.yahoo.com12 Most Profitable Real Estate Stocks NowSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive SPG Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Simon Property Group and its competitors with MarketBeat's FREE daily newsletter. Email Address SPG Company Calendar Ex-Dividend for 12/30 Dividend12/08/2022Dividend Payable12/30/2022Last Earnings2/06/2023Ex-Dividend for 3/31 Dividend3/09/2023Today3/25/2023Dividend Payable3/31/2023Next Earnings (Estimated)5/08/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Real estate investment trusts Sub-IndustryRetail REITs SectorFinance Current SymbolNYSE:SPG CUSIP82880610 CIK1063761 Webwww.simon.com Phone(317) 636-1600Fax317-685-7222Employees3,300Year Founded1993Price Target and Rating Average Stock Price Forecast$132.08 High Stock Price Forecast$165.00 Low Stock Price Forecast$100.00 Forecasted Upside/Downside+27.6%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage12 Analysts Profitability EPS (Most Recent Fiscal Year)$6.52 Trailing P/E Ratio15.87 Forward P/E Ratio8.59 P/E Growth2.57Net Income$2.14 billion Net Margins40.43% Pretax Margin35.68% Return on Equity60.33% Return on Assets6.47% Debt Debt-to-Equity Ratio6.99 Current Ratio0.97 Quick Ratio0.97 Sales & Book Value Annual Sales$5.29 billion Price / Sales6.39 Cash Flow$9.49 per share Price / Cash Flow10.90 Book Value$10.41 per share Price / Book9.94Miscellaneous Outstanding Shares326,930,000Free Float299,142,000Market Cap$33.83 billion OptionableOptionable Beta1.52 Social Links Key ExecutivesDavid E. SimonChairman, President & Chief Executive OfficerBrian J. McDadeChief Financial Officer & Executive Vice PresidentJoseph W. ChiappettaChief Technology Officer & Senior Vice PresidentDonald G. FreyTreasurer & Executive Vice PresidentAdam J. ReuilleChief Accounting Officer & Senior Vice PresidentKey CompetitorsRealty IncomeNYSE:OKimco RealtyNYSE:KIMWelltowerNYSE:WELLVICI PropertiesNYSE:VICIDigital Realty TrustNYSE:DLRView All CompetitorsInsiders & InstitutionsSocha Financial Group LLCBought 1,969 shares on 3/20/2023Ownership: 0.001%B. Riley Wealth Advisors Inc.Bought 531 shares on 3/15/2023Ownership: 0.003%Victory Capital Management Inc.Sold 1,665 shares on 3/10/2023Ownership: 0.053%Rockefeller Capital Management L.P.Sold 3,013 shares on 3/6/2023Ownership: 0.017%Loring Wolcott & Coolidge Fiduciary Advisors LLP MASold 1,020 shares on 3/2/2023Ownership: 0.002%View All Insider TransactionsView All Institutional Transactions SPG Stock - Frequently Asked Questions Should I buy or sell Simon Property Group stock right now? 12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Simon Property Group in the last year. There are currently 6 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? 12 Wall Street analysts have issued twelve-month 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 $132.08 in the next twelve months. This suggests a possible upside of 27.6% 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 11.9% and is now trading at $103.48. 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, May 8th 2023. View our SPG earnings forecast. How were Simon Property Group's earnings last quarter? Simon Property Group, Inc. (NYSE:SPG) announced 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 analyst estimates of $1.29 billion. Simon Property Group had a net margin of 40.43% and a trailing twelve-month return on equity of 60.33%. The business's revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the company posted $3.09 earnings per share. 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 declared a quarterly dividend on Monday, February 6th. Shareholders of record on Friday, March 10th will be given a dividend of $1.80 per share on Friday, March 31st. This represents a $7.20 annualized dividend and a yield of 6.96%. The ex-dividend date of this dividend is Thursday, March 9th. Read our dividend analysis for SPG. What ETFs hold Simon Property Group's stock? ETFs with the largest weight of Simon Property Group (NYSE:SPG) stock in their portfolio include Direxion Daily S&P 500 Bull 3X (SPXL), Direxion Daily S&P 500 Bull 2X Shares (SPUU), Direxion Daily Real Estate Bull 3X Shares (DRN), ALPS Active REIT ETF (REIT), iShares Cohen & Steers REIT ETF (ICF), FlexShares Global Quality Real Estate Index Fund (GQRE), Real Estate Select Sector SPDR Fund (XLRE) and SPDR Dow Jones REIT ETF (RWR). 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 6.60%. 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 110.43%. 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 58.58% 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 Monday, February, 6th. The company provided earnings per share guidance of $11.70-$11.95 for the period, compared to the consensus earnings per share estimate of $12.13. 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 a variety of retail and institutional investors. Top institutional shareholders include Geode Capital Management LLC (2.26%), Norges Bank (2.10%), Morgan Stanley (1.99%), Dimensional Fund Advisors LP (1.37%), Legal & General Group Plc (1.22%) and Daiwa Securities Group Inc. (1.18%). Insiders that own company stock include Daniel C Smith, Glyn Aeppel, J Albert Smith Jr, 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 $103.48. How much money does Simon Property Group make? Simon Property Group (NYSE:SPG) has a market capitalization of $33.83 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 $6.52 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 3/25/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. 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