NYSE:SPG Simon Property Group (SPG) Stock Forecast, Price & News $106.51 +3.11 (+3.01%) (As of 06/2/2023 ET) Add Compare Share Share Today's Range$104.93▼$107.2150-Day Range$101.25▼$113.4952-Week Range$86.02▼$133.08Volume1.52 million shsAverage Volume1.30 million shsMarket Capitalization$34.83 billionP/E Ratio16.14Dividend Yield6.76%Price Target$127.63 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Simon Property Group MarketRank™ ForecastAnalyst RatingModerate Buy2.55 Rating ScoreUpside/Downside19.8% Upside$127.63 Price TargetShort InterestBearish1.91% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-3.10Upright™ Environmental ScoreNews Sentiment0.54Based on 6 Articles This WeekInsider TradingAcquiring Shares$60,241 Bought Last QuarterProj. Earnings Growth3.19%From $11.92 to $12.30 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.2.17 out of 5 starsFinance Sector597th out of 873 stocksReal Estate Investment Trusts Industry123rd out of 191 stocks 2.3 Analyst's Opinion Consensus RatingSimon Property Group has received a consensus rating of Buy. The company's average rating score is 2.55, and is based on 6 buy ratings, 5 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $127.63, Simon Property Group has a forecasted upside of 19.8% from its current price of $106.51.Amount of Analyst CoverageSimon Property Group has only been the subject of 1 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted1.91% 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 4.Change versus previous monthShort interest in Simon Property Group has recently increased by 1.64%, indicating that investor sentiment is decreasing. Previous Next 2.5 Dividend Strength Dividend LeadershipSimon Property Group is a leading dividend payer. It pays a dividend yield of 6.76%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthSimon Property Group has only been increasing its dividend for 3 years.Dividend CoverageThe dividend payout ratio of Simon Property Group is 109.09%. 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 58.54% 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 1.4 News and Social Media Coverage News SentimentSimon Property Group has a news sentiment score of 0.54. 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 news sentiment score is similar to the average news sentiment of Finance companies.News Coverage This WeekMarketBeat has tracked 6 news articles for Simon Property Group this week, compared to 7 articles on an average week.Search InterestOnly 46 people have searched for SPG on MarketBeat in the last 30 days. This is a decrease of -41% compared to the previous 30 days.MarketBeat FollowsOnly 13 people have added Simon Property Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -32% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Simon Property Group insiders have bought more of their company's stock than they have sold. Specifically, they have bought $60,241.00 in company stock and sold $0.00 in 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 3.19% in the coming year, from $11.92 to $12.30 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Simon Property Group is 16.14, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 124.58.Price to Earnings Ratio vs. SectorThe P/E ratio of Simon Property Group is 16.14, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 158.34.Price to Earnings Growth RatioSimon Property Group has a PEG Ratio of 2.59. 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 10.21. 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 HeadlinesJune 1, 2023 | marketbeat.comHow to Invest in Specialty Retail Stores (SPG)A specialty retail store focuses on specific product categories instead of selling a large number of items. Learn more about specialty retail on MarketBeat.May 26, 2023 | marketbeat.comThe 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 reactionsJune 4, 2023 | Vector Vest (Ad)Master the Market: Free Stock Analysis + Buy/Sell/Hold Signals!Get a full report that tells you what a stock is really worth, how safe the stock is, and if the timing is right to buy the stock. Plus a definitive Buy, Sell, Hold recommendation. May 9, 2023 | marketbeat.comBeware This 13.8% and 14.8% Dividend Disaster Duo!May 5, 2023 | marketbeat.comRealty 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 stockMay 4, 2023 | marketbeat.comSimon 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 yieldsJune 2, 2023 | finance.yahoo.comLeverage Is a Lead Weight On This High-Yielder's RecoveryJune 1, 2023 | finance.yahoo.comSimon (SPG) Boosts Northgate Station With New Residence InnJune 4, 2023 | Vector Vest (Ad)Master the Market: Free Stock Analysis + Buy/Sell/Hold Signals!Get a full report that tells you what a stock is really worth, how safe the stock is, and if the timing is right to buy the stock. Plus a definitive Buy, Sell, Hold recommendation. May 31, 2023 | msn.comSimon Property Group: A-Rated Quality REIT At A Bargain PriceMay 31, 2023 | finance.yahoo.comSimon's Northgate Station Breaks Ground on Residence Inn® by Marriott® as Next Phase of the Transformational DevelopmentMay 27, 2023 | seekingalpha.comSimon Property: A 7.2% Yield For Cheap, I'm Jumping InMay 27, 2023 | americanbankingnews.comSimon Property Group (NYSE:SPG) Price Target Cut to $106.00 by Analysts at MizuhoMay 26, 2023 | msn.comMizuho Maintains Simon Property Group (SPG) Neutral RecommendationMay 25, 2023 | americanbankingnews.comSimon Property Group, Inc. (NYSE:SPG) Receives Consensus Rating of "Moderate Buy" from BrokeragesMay 24, 2023 | finance.yahoo.comSimon (SPG) Partners With The Webster to Revamp Luxury ShoppingMay 23, 2023 | thestreet.comSimon Property, Mall REITs Up on Retail SalesMay 23, 2023 | finance.yahoo.comThe Webster Set to Open Three New Locations by end of 2024 with Simon®May 22, 2023 | finance.yahoo.comSimon® Expands Successful Digital Search Platform To The Mills® and Premium Outlets®May 20, 2023 | finance.yahoo.comBeloved Discount Retailer Makes a Bold Bet on MallsMay 20, 2023 | finance.yahoo.comWhy Is Simon Property's Dividend So High?May 20, 2023 | americanbankingnews.comSimon Property Group (NYSE:SPG) vs. CorEnergy Infrastructure Trust (NYSE:CORR) Critical ContrastMay 19, 2023 | finance.yahoo.comSimon (SPG) Partners With Five Below to Boost Sales & TrafficMay 18, 2023 | msn.comLiberal City Exempts Celebrity Chef’s Restaurant From Gas Stove BanMay 18, 2023 | finance.yahoo.comSimon® Expands Relationship with Five Below in 2023May 18, 2023 | msn.comCalifornia city gives celebrity chef José Andrés an exemption for his restaurant to use gas stovesMay 18, 2023 | finance.yahoo.comChef Jose Andres Wins Exemption for Gas Stoves in New RestaurantSee More Headlines SPG Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart SPG Company Calendar Last Earnings2/06/2023Ex-Dividend for 3/31 Dividend3/09/2023Dividend Payable3/31/2023Today6/04/2023Ex-Dividend for 6/30 Dividend6/08/2023Dividend Payable6/30/2023Next Earnings (Estimated)8/07/2023Fiscal 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$127.63 High Stock Price Forecast$160.00 Low Stock Price Forecast$100.00 Forecasted Upside/Downside+19.8%Consensus RatingModerate Buy Rating Score (0-4)2.55 Research Coverage11 Analysts Profitability EPS (Most Recent Fiscal Year)$6.60 Trailing P/E Ratio16.14 Forward P/E Ratio8.94 P/E Growth2.59Net Income$2.14 billion Net Margins40.49% Pretax Margin36.78% Return on Equity62.26% Return on Assets6.55% Debt Debt-to-Equity Ratio7.50 Current Ratio1.43 Quick Ratio1.43 Sales & Book Value Annual Sales$5.29 billion Price / Sales6.58 Cash Flow$10.01 per share Price / Cash Flow10.64 Book Value$10.43 per share Price / Book10.21Miscellaneous Outstanding Shares327,000,000Free Float299,201,000Market Cap$34.83 billion OptionableOptionable Beta1.51 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 & InstitutionsMacquarie Group Ltd.Bought 33,560 shares on 6/1/2023Ownership: 0.131%Ontario Teachers Pension Plan BoardSold 6,395 shares on 6/1/2023Ownership: 0.005%BKA Wealth Consulting Inc.Bought 19,024 shares on 5/30/2023Ownership: 0.006%ProShare Advisors LLCSold 18,262 shares on 5/26/2023Ownership: 0.021%Empower Advisory Group LLCBought 2,048 shares on 5/25/2023Ownership: 0.001%View All Insider TransactionsView All Institutional Transactions SPG Stock - Frequently Asked Questions Should I buy or sell Simon Property Group stock right now? 11 Wall Street equities 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 equities 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 12 month price targets for Simon Property Group's stock. Their SPG share price forecasts range from $100.00 to $160.00. On average, they expect the company's stock price to reach $127.63 in the next year. This suggests a possible upside of 19.8% 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 start of the year. Since then, SPG stock has decreased by 9.3% and is now trading at $106.51. 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) posted its earnings results on Monday, February, 6th. The real estate investment trust reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.14 by $1.08. The real estate investment trust had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.29 billion. Simon Property Group had a net margin of 40.49% and a trailing twelve-month return on equity of 62.26%. The firm's revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $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 Tuesday, May 2nd. Investors 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 dividend yield of 6.95%. The ex-dividend date is Thursday, June 8th. This is a boost from the stock's previous quarterly dividend of $1.80. 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 US Credit Bond ETF (CRED), iShares Cohen & Steers REIT ETF (ICF), FlexShares Global Quality Real Estate Index Fund (GQRE) and Real Estate Select Sector SPDR Fund (XLRE). 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 6.96%. 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 EPS 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 $106.51. How much money does Simon Property Group make? Simon Property Group (NYSE:SPG) has a market capitalization of $34.83 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 $6.60 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 6/4/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. 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