NYSE:SPG - Simon Property Group Stock Price, Forecast & News

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

Simon Property Group announced a quarterly dividend on Tuesday, February 4th. Stockholders of record on Friday, February 14th will be paid a dividend of $2.10 per share on Friday, February 28th. This represents a $8.40 annualized dividend and a dividend yield of 6.05%. The ex-dividend date of this dividend is Thursday, February 13th. View Simon Property Group's Dividend History.

Simon Property Group announced that its board has authorized a share repurchase plan on Tuesday, February 12th 2019, which permits the company to repurchase $2,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 3.4% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

Simon Property Group Inc (NYSE:SPG) posted its quarterly earnings data on Tuesday, February, 4th. The real estate investment trust reported $1.66 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $2.95 by $1.29. The real estate investment trust had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.45 billion. Simon Property Group's quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the business posted $3.23 EPS. View Simon Property Group's Earnings History.

Simon Property Group is scheduled to release their next quarterly earnings announcement on Tuesday, May 5th 2020. View Earnings Estimates for Simon Property Group.

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 earnings per share estimate of $12.62.

13 brokerages have issued 1 year target prices for Simon Property Group's shares. Their forecasts range from $120.00 to $218.00. On average, they expect Simon Property Group's stock price to reach $169.54 in the next year. This suggests a possible upside of 22.0% from the stock's current price. View Analyst Price Targets for Simon Property Group.

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, 8 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Simon Property Group.

Media headlines about SPG stock have trended negative recently, according to InfoTrie. InfoTrie ranks the sentiment of press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public 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 -2.3 on InfoTrie's scale. They also gave media headlines about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View News Stories for Simon Property Group.

Simon Property Group saw a increase in short interest in January. As of January 15th, there was short interest totalling 12,140,000 shares, an increase of 5.7% from the December 31st total of 11,480,000 shares. Based on an average trading volume of 1,510,000 shares, the short-interest ratio is presently 8.0 days. Currently, 4.0% of the company's stock are sold short. View Simon Property Group's Current Options Chain.

Some companies that are related to Simon Property Group include Regency Centers (REG), Alexander's (ALX), Acadia Realty Trust (AKR), Agree Realty (ADC), CBL & Associates Properties (CBL), Cedar Realty Trust (CDR), Federal Realty Investment Trust (FRT), Getty Realty (GTY), Kimco Realty (KIM), Kite Realty Group Trust (KRG), Macerich (MAC), National Retail Properties (NNN), Pennsylvania R.E.I.T. (PEI), Realty Income (O) and Retail Opportunity Investments (ROIC).

Based on aggregate information from My MarketBeat watchlists, some companies that other Simon Property Group investors own include AT&T (T), AbbVie (ABBV), Verizon Communications (VZ), Exxon Mobil (XOM), Johnson & Johnson (JNJ), Altria Group (MO), Walt Disney (DIS), Tanger Factory Outlet Centers (SKT), Ventas (VTR) and IBM (IBM).

Simon Property Group's stock is owned by a variety of of institutional and retail investors. Top institutional investors include State Street Corp (6.36%), Cohen & Steers Inc. (2.51%), FMR LLC (1.36%), Charles Schwab Investment Management Inc. (1.25%), PGGM Investments (1.19%) and Bank of New York Mellon Corp (1.15%). Company insiders that own Simon Property Group stock include John Rulli 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, Goldman Sachs Group Inc., Resolution Capital Ltd, UBS Asset Management Americas Inc., FMR LLC, MERIAN GLOBAL INVESTORS UK Ltd, MERIAN GLOBAL INVESTORS UK Ltd and Principal Financial Group Inc.. View Insider Buying and Selling for Simon Property Group.

SPG stock was purchased by a variety of institutional investors in the last quarter, including Cohen & Steers Inc., Altshuler Shaham Ltd, Heitman Real Estate Securities LLC, Barrow Hanley Mewhinney & Strauss LLC, Daiwa Securities Group Inc., Bank of New York Mellon Corp, Duff & Phelps Investment Management Co. and Brookfield Public Securities Group LLC. View Insider Buying and Selling 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 $138.92.