Simon Property Group Company Profile (NYSE:SPG)

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

Simon Property Group declared a quarterly dividend on Thursday, April 27th. Investors of record on Wednesday, May 17th will be given a dividend of $1.75 per share on Wednesday, May 31st. This represents a $7.00 dividend on an annualized basis and a yield of 4.33%. The ex-dividend date is Monday, May 15th. View Simon Property Group's Dividend History.

Simon Property Group, Inc. (NYSE:SPG) released its earnings results on Thursday, April, 27th. The company reported $2.74 EPS for the quarter, missing analysts' consensus estimates of $2.76 by $0.02. The firm earned $1.35 billion during the quarter, compared to analyst estimates of $1.36 billion. Simon Property Group had a return on equity of 40.16% and a net margin of 34.99%. The company's quarterly revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.63 EPS. View Simon Property Group's Earnings History.

Simon Property Group is scheduled to release their next quarterly earnings announcement on Tuesday, August, 1st 2017. View Earnings Estimates for Simon Property Group.

Simon Property Group updated its FY17 earnings guidance on Thursday, April, 27th. The company provided EPS guidance of $11.45-11.55 for the period, compared to the Thomson Reuters consensus estimate of $11.57.

13 analysts have issued 1 year price objectives for Simon Property Group's stock. Their forecasts range from $158.00 to $231.00. On average, they expect Simon Property Group's share price to reach $192.00 in the next year. View Analyst Ratings for Simon Property Group.

Here are some recent quotes from research analysts about Simon Property Group stock:

• 1. According to Zacks Investment Research, "Shares of Simon Property underperformed the Zacks categorized REIT and Equity Trust – Retail industry over the past three months. Also, the company’s second-quarter and full-year 2017 funds from operations (FFO) per share estimates moved south over the past 30 days. Notably, mall traffic has continued to suffer amid a rapid shift in customers’ shopping preferences and patterns with online purchases growing by leaps and bounds, leading retailers to reconsider their footprint and eventually opt for store closures. Further, retailers that are not being able to cope with competition are filing bankruptcies. While Simon Property is striving to counter the pressure through various initiatives, the implementation of such measures requires a decent upfront cost and therefore, would limit any robust growth in its profit margins in the near term. Also, rate hike have added to its woes." (7/11/2017)
• 2. Canaccord Genuity analysts commented, "We are updating our model to reflect intra-quarter items for Simon Property, including the company's amended and extended $4B revolving line of credit, the recent 25bp increase in the fed funds rate, and the near-term occupancy impact of recently announced and likely pending store closings by apparel retailers including The Limited, Wet Seal, BCBG Max Azria, and bebe." (3/27/2017)
• 3. Hilliard Lyons analysts commented, "Our upgrade is based on what we view as a compelling valuation. We have always viewed Simon as a best in class operator, but have been waiting for a compelling entry point to recommend the shares again. We find the shares attractive at the current price." (3/17/2017)

Some companies that are related to Simon Property Group include General Growth Properties (GGP), Regency Centers Corporation (REG), Macerich Company (The) (MAC), Kimco Realty Corporation (KIM), National Retail Properties (NNN), Brixmor Property Group (BRX), Weingarten Realty Investors (WRI), Taubman Centers (TCO), CoreSite Realty Corporation (COR), DDR Corp. (DDR), Retail Properties of America (RPAI), Urban Edge Properties (UE), Tanger Factory Outlet Centers (SKT), Acadia Realty Trust (AKR), Retail Opportunity Investments Corp. (ROIC), American Assets Trust (AAT), Washington Prime Group (WPG) and Kite Realty Group Trust (KRG).

Simon Property Group's management team includes the folowing people:

• David E. Simon, Chairman of the Board, Chief Executive Officer
• Andrew A. Juster, Chief Financial Officer, Executive Vice President
• Richard S. Sokolov, President, Chief Operating Officer, Director
• John Rulli, Senior Executive Vice President, Chief Administrative Officer
• Steven K. Broadwater, Senior Vice President, Chief Accounting Officer
• Brian J. McDade, Senior Vice President, Treasurer
• Steven E. Fivel, General Counsel, Secretary
• Alexander L. W. Snyder, Assistant General Counsel, Assistant Secretary
• Herbert Simon, Chairman Emeritus
• Larry C. Glasscock, Lead Independent Director

Simon Property Group's stock is owned by many different of institutional and retail investors. Top institutional investors include APG Asset Management US Inc. (2.32%), PGGM Investments (1.14%), Russell Investments Group Ltd. (0.33%), AMF Pensionsforsakring AB (0.14%), NN Investment Partners Holdings N.V. (0.13%) and Factory Mutual Insurance Co. (0.10%). Company insiders that own Simon Property Group stock include Allan B Hubbard, Andrew Juster, David J Contis, Reuben S Leibowitz and Steven K Broadwater. View Institutional Ownership Trends for Simon Property Group.

Simon Property Group's stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Bank of Montreal Can, Lincluden Management Ltd., Exxonmobil Investment Management Inc. TX, Chevy Chase Trust Holdings Inc., US Bancorp DE, First Midwest Bank Trust Division and State of Alaska Department of Revenue. Company insiders that have sold Simon Property Group stock in the last year include Andrew Juster and Steven K Broadwater. View Insider Buying and Selling for Simon Property Group.

Simon Property Group's stock was acquired by a variety of institutional investors in the last quarter, including APG Asset Management US Inc., PGGM Investments, Factory Mutual Insurance Co., Mn Services Vermogensbeheer B.V., Patriot Wealth Management Inc., Forsta AP Fonden, National Pension Service and NN Investment Partners Holdings N.V.. Company insiders that have bought Simon Property Group stock in the last two years include Allan B Hubbard and Reuben S Leibowitz. View Insider Buying and Selling for Simon Property Group.

Shares of Simon Property Group can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Simon Property Group stock can currently be purchased for approximately $161.57.