NYSE:SPG - Simon Property Group Stock Price, Forecast & 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. Since then, SPG shares have decreased by 42.7% and is now trading at $58.17. View which stocks have been mosted impacted by Coronavirus.

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Simon Property Group in the last year. There are currently 1 sell rating, 7 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Simon Property Group.

Simon Property Group is scheduled to release its next quarterly earnings announcement on Tuesday, May 5th 2020. View our earnings forecast for Simon Property Group.

Simon Property Group Inc (NYSE:SPG) announced its quarterly earnings data on Tuesday, February, 4th. The real estate investment trust reported $1.66 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $2.95 by $1.29. The real estate investment trust earned $1.49 billion during the quarter, compared to analysts' expectations of $1.45 billion. Simon Property Group had a net margin of 36.52% and a return on equity of 65.24%. The business's revenue was up 1.8% compared to the same quarter last year. During the same period last year, the company posted $3.23 EPS. View Simon Property Group's earnings history.

Simon Property Group declared a quarterly dividend on Tuesday, February 4th. Investors of record on Friday, February 14th will be given a dividend of $2.10 per share on Friday, February 28th. This represents a $8.40 annualized dividend and a dividend yield of 14.44%. The ex-dividend date is Thursday, February 13th. View Simon Property Group's dividend history.

Simon Property Group announced that its Board of Directors has approved a share 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 repurchase up to 3.4% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's board of directors believes its shares are undervalued.

Simon Property Group updated its FY20 earnings guidance on Tuesday, February, 4th. The company provided earnings per share (EPS) guidance of $12.25-12.40 for the period, compared to the Thomson Reuters consensus EPS estimate of $12.62.

13 analysts have issued twelve-month target prices for Simon Property Group's shares. Their forecasts range from $63.00 to $218.00. On average, they expect Simon Property Group's stock price to reach $137.31 in the next year. This suggests a possible upside of 136.0% from the stock's current price. View analysts' price targets for Simon Property Group.

Headlines about SPG stock have trended somewhat negative recently, according to InfoTrie Sentiment. The research group identifies negative and positive press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Simon Property Group earned a media sentiment score of -1.0 on InfoTrie's scale. They also gave news headlines about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View the latest news aboutSimon Property Group.

Simon Property Group saw a drop in short interest during the month of March. As of March 13th, there was short interest totaling 16,097,700 shares, a drop of 6.2% from the February 27th total of 17,160,000 shares. Based on an average daily volume of 2,420,000 shares, the short-interest ratio is presently 6.7 days. Currently, 5.3% of the shares of the company are short sold. View Simon Property Group's Current Options Chain.

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), Taubman Centers (TCO), Agree Realty (ADC), Weingarten Realty Investors (WRI), Alexander's (ALX), Retail Opportunity Investments (ROIC), Acadia Realty Trust (AKR), Retail Properties of America (RPAI), Getty Realty (GTY), Macerich (MAC) and Kite Realty Group Trust (KRG).

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), Verizon Communications (VZ), Altria Group (MO), Johnson & Johnson (JNJ), Walt Disney (DIS), Cisco Systems (CSCO), Ventas (VTR) and IBM (IBM).

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 investors include State Street Corp (6.36%), Capital World Investors (6.15%), Capital Research Global Investors (3.06%), Cohen & Steers Inc. (2.51%), Geode Capital Management LLC (1.98%) and FMR LLC (1.36%). Company insiders that own Simon Property Group stock include David Simon, Herbert Simon, John Rulli, Larry C Glasscock, Reuben S Leibowitz and Steven K Broadwater. 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, Capital World Investors, Goldman Sachs Group Inc., Resolution Capital Ltd, Man Group plc, UBS Asset Management Americas Inc., FMR LLC, and MERIAN GLOBAL INVESTORS UK Ltd. View insider buying and selling activity for Simon Property Group.

SPG stock was acquired by a variety of institutional investors in the last quarter, including Norges Bank, Cohen & Steers Inc., Altshuler Shaham Ltd, Heitman Real Estate Securities LLC, Barrow Hanley Mewhinney & Strauss LLC, Daiwa Securities Group Inc., Capital Research Global Investors, and Bank of New York Mellon Corp. Company insiders that have bought Simon Property Group stock in the last two years include David Simon, 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 $58.17.

Simon Property Group has a market capitalization of $18.64 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. View additional information about Simon Property Group.

The official website for Simon Property Group is http://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]