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NYSE:SPG

Simon Property Group Stock Forecast, Price & News

$134.13
-0.02 (-0.01 %)
(As of 09/28/2021 03:05 PM ET)
Add
Compare
Today's Range
$133.00
$135.03
50-Day Range
$124.15
$136.42
52-Week Range
$59.35
$137.38
Volume91,797 shs
Average Volume2.82 million shs
Market Capitalization$44.08 billion
P/E Ratio29.29
Dividend Yield4.48%
Beta1.54
30 days | 90 days | 365 days | Advanced Chart
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Simon Property Group logo

About Simon Property Group

Simon Property Group, Inc. operates as a self-administered and self-managed real estate investment trust. It owns, develops and manages retail real estate properties which primarily consist of regional malls, premium outlets and mills. Simon Property Group specializes in the ownership, development, management, leasing, acquisition and expansion of income-producing retail real estate assets. The company was founded by Fred Simon, Herbert Simon and Melvin Simon in December 1993 and is headquartered in Indianapolis, IN.

Headlines

5 Top Dividend Payers of the S&P 500
September 26, 2021 |  finance.yahoo.com
The Bad News in Simon's Good Quarter: How Bad Is It?
September 24, 2021 |  finance.yahoo.com
Simon Property Group, Inc.: Raising rating to BUY
September 24, 2021 |  finance.yahoo.com
What 6 Analyst Ratings Have To Say About Simon Property Group
September 22, 2021 |  markets.businessinsider.com
Simon Property Stock Upgrades to Buy on Strong Fundamentals
September 22, 2021 |  finance.yahoo.com
Simon Property Group (NYSE:SPG) Upgraded at Argus
September 22, 2021 |  americanbankingnews.com
Noteworthy Thursday Option Activity: HONE, SPG, UPS
September 16, 2021 |  nasdaq.com
15 Dividend Stocks People Buy for Early Retirement
September 15, 2021 |  finance.yahoo.com
2 REITs to Buy Going Into the Fall
September 7, 2021 |  finance.yahoo.com
See More Headlines

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Retail REITs
Sector
Finance
CUSIP
82880610
Employees
2,018
Year Founded
1993

Sales & Book Value

Annual Sales
$4.61 billion
Cash Flow
$7.55 per share
Book Value
$10.01 per share

Profitability

Net Income
$1.11 billion

Debt

Price-To-Earnings

Miscellaneous

Market Cap
$44.08 billion
Next Earnings Date
11/8/2021 (Estimated)
Optionable
Optionable

Social Links


MarketRank

Overall MarketRank

2.91 out of 5 stars

Finance Sector

46th out of 1,332 stocks

Real Estate Investment Trusts Industry

7th out of 219 stocks

Analyst Opinion: 2.2Community Rank: 5.0Dividend Strength: 3.3Insider Behavior: 3.3Valuation: 0.6 5 -4 -3 -2 -1 -












Simon Property Group (NYSE:SPG) Frequently Asked Questions

Is Simon Property Group a buy right now?

19 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Simon Property Group in the last twelve months. There are currently 1 sell rating, 8 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Simon Property Group stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SPG, but not buy additional shares or sell existing shares.
View analyst ratings for Simon Property Group
or view top-rated stocks.

What stocks does MarketBeat like better than Simon Property Group?

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

When is Simon Property Group's next earnings date?

Simon Property Group is scheduled to release its next quarterly earnings announcement on Monday, November 8th 2021.
View our earnings forecast for Simon Property Group
.

How were Simon Property Group's earnings last quarter?

Simon Property Group, Inc. (NYSE:SPG) issued its earnings results on Sunday, August, 1st. The real estate investment trust reported $1.56 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.37 by $0.81. The real estate investment trust had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.13 billion. Simon Property Group had a net margin of 31.67% and a trailing twelve-month return on equity of 43.97%. The company's revenue for the quarter was up 18.1% on a year-over-year basis. During the same period last year, the business posted $0.83 EPS.
View Simon Property Group's earnings history
.

How has Simon Property Group's stock price been impacted by COVID-19 (Coronavirus)?

Simon Property Group's stock was trading at $101.50 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, SPG stock has increased by 31.6% and is now trading at $133.62.
View which stocks have been most impacted by COVID-19
.

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, August 2nd. Stockholders of record on Thursday, September 9th will be given a dividend of $1.50 per share on Thursday, September 30th. This represents a $6.00 dividend on an annualized basis and a yield of 4.49%. The ex-dividend date of this dividend is Wednesday, September 8th. This is a positive change from Simon Property Group's previous quarterly dividend of $1.40.
View Simon Property Group's dividend history
.

Is Simon Property Group a good dividend stock?

Simon Property Group pays an annual dividend of $6.00 per share and currently has a dividend yield of 4.48%. SPG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Simon Property Group does not yet have a strong track record of dividend growth. The dividend payout ratio of Simon Property Group is 65.86%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Simon Property Group will have a dividend payout ratio of 55.30% next year. This indicates that Simon Property Group will be able to sustain or increase its dividend.
View Simon Property Group's dividend history.

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

Simon Property Group issued an update on its FY 2021 earnings guidance on Monday, August, 9th. The company provided earnings per share guidance of $10.700-$10.800 for the period. The company issued revenue guidance of -.

What price target have analysts set for SPG?

19 brokerages have issued 12-month price targets for Simon Property Group's shares. Their forecasts range from $80.00 to $177.00. On average, they anticipate Simon Property Group's stock price to reach $137.65 in the next twelve months. This suggests a possible upside of 3.0% from the stock's current price.
View analysts' price targets for Simon Property Group
or view top-rated stocks among Wall Street analysts.

Who are Simon Property Group's key executives?

Simon Property Group's management team includes the following people:
  • David E. Simon, Chairman, Chief Executive Officer & President
  • Brian J. McDade, Chief Financial Officer, Treasurer & Executive VP
  • Adam J. Reuille, Chief Accounting Officer & Senior Vice President
  • Greg Vlahos, Senior Vice President
  • Ronald M. Tucker, Vice President & Bankruptcy Counsel

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

197 employees have rated Simon Property Group CEO David Simon on Glassdoor.com. David Simon has an approval rating of 44% among Simon Property Group'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), The 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 number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (14.36%), BlackRock Inc. (10.41%), State Street Corp (5.92%), FMR LLC (2.65%), Nuveen Asset Management LLC (2.16%) and Geode Capital Management LLC (2.01%). Company insiders that own Simon Property Group stock include Daniel C Smith, David Simon, Glyn Aeppel, Herbert Simon, J Albert Smith Jr, Larry C Glasscock, Marta R Stewart and Reuben S Leibowitz.
View institutional ownership trends for Simon Property Group
.

Which major investors are selling Simon Property Group stock?

SPG stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Bank of New York Mellon Corp, JPMorgan Chase & Co., Canada Pension Plan Investment Board, Citadel Advisors LLC, Invesco Ltd., Prudential PLC, and Cbre Clarion Securities LLC.
View insider buying and selling activity for Simon Property Group
or view top insider-selling stocks.

Which major investors are buying Simon Property Group stock?

SPG stock was acquired by a variety of institutional investors in the last quarter, including Morgan Stanley, Parnassus Investments CA, Twin Tree Management LP, Zimmer Partners LP, Vanguard Group Inc., Amundi, Bank of Montreal Can, and Nuveen Asset Management LLC. Company insiders that have bought Simon Property Group stock in the last two years include Daniel C Smith, David Simon, Glyn Aeppel, Herbert Simon, J Albert Smith Jr, Larry C Glasscock, Marta R Stewart, and Reuben S Leibowitz.
View insider buying and selling activity for Simon Property Group
or or view top insider-buying stocks.

How do I buy shares of 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 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 $133.62.

How much money does Simon Property Group make?

Simon Property Group has a market capitalization of $43.91 billion and generates $4.61 billion in revenue each year. The real estate investment trust earns $1.11 billion in net income (profit) each year or $9.11 on an earnings per share basis.

How many employees does Simon Property Group have?

Simon Property Group employs 2,018 workers across the globe.

When was Simon Property Group founded?

Simon Property Group was founded in 1993.

What is Simon Property Group's official website?

The official website for Simon Property Group is www.simon.com.

Where are Simon Property Group's headquarters?

Simon Property Group is headquartered at 225 WEST WASHINGTON STREET, INDIANAPOLIS IN, 46204.

How can I contact Simon Property Group?

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].


This page was last updated on 9/28/2021 by MarketBeat.com Staff

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