Simon Property Group Stock Forecast, Price & News

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Simon Property Group in the last year. There are currently 2 sell ratings, 11 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street 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.
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Simon Property Group is scheduled to release its next quarterly earnings announcement on Monday, May 10th 2021.
View our earnings forecast for Simon Property Group.

Simon Property Group, Inc. (NYSE:SPG) issued its earnings results on Sunday, February, 7th. The real estate investment trust reported $0.86 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $2.19 by $1.33. The real estate investment trust had revenue of $1.13 billion for the quarter, compared to analysts' expectations of $1.15 billion. Simon Property Group had a trailing twelve-month return on equity of 56.28% and a net margin of 27.22%. Simon Property Group's quarterly revenue was down 24.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.66 earnings per share.
View Simon Property Group's earnings history.

Simon Property Group's stock was trading at $101.50 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, SPG shares have increased by 9.5% and is now trading at $111.17.
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Simon Property Group declared a quarterly dividend on Tuesday, December 15th. Stockholders of record on Thursday, December 24th will be paid a dividend of $1.30 per share on Friday, January 22nd. This represents a $5.20 annualized dividend and a yield of 4.68%. The ex-dividend date of this dividend is Wednesday, December 23rd.
View Simon Property Group's dividend history.

Simon Property Group pays an annual dividend of $5.20 per share and currently has a dividend yield of 4.56%. 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 strock track record of dividend growth. The dividend payout ratio of Simon Property Group is 43.19%. 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 54.62% next year. This indicates that Simon Property Group will be able to sustain or increase its dividend.
View Simon Property Group's dividend history.

Simon Property Group updated its FY21 earnings guidance on Monday, February, 8th. The company provided earnings per share (EPS) guidance of $9.50-9.75 for the period, compared to the Thomson Reuters consensus estimate of $9.57.

19 analysts have issued 12-month price targets for Simon Property Group's shares. Their forecasts range from $49.00 to $130.00. On average, they expect Simon Property Group's stock price to reach $92.44 in the next year. This suggests that the stock has a possible downside of 16.8%.
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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.

Some companies that are related to Simon Property Group include Realty Income (O), Kimco Realty (KIM), Federal Realty Investment Trust (FRT), National Retail Properties (NNN), Agree Realty (ADC), Weingarten Realty Investors (WRI), Retail Properties of America (RPAI), The Macerich (MAC), Retail Opportunity Investments (ROIC), Acadia Realty Trust (AKR), Kite Realty Group Trust (KRG), Tanger Factory Outlet Centers (SKT), Alexander's (ALX), Getty Realty (GTY) and RPT Realty (RPT).
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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).

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 variety of retail and institutional investors. Top institutional investors include FMR LLC (3.83%), Northern Trust Corp (1.98%), Daiwa Securities Group Inc. (1.95%), Nuveen Asset Management LLC (1.74%), Dimensional Fund Advisors LP (1.65%) and Bank of New York Mellon Corp (1.51%). Company insiders that own Simon Property Group stock include David Simon, Glyn Aeppel, Herbert Simon, John Rulli, Larry C Glasscock and Reuben S Leibowitz.
View institutional ownership trends for Simon Property Group.

SPG stock was sold by a variety of institutional investors in the last quarter, including Nordea Investment Management AB, Morgan Stanley, Amundi Pioneer Asset Management Inc., Price T Rowe Associates Inc. MD, Sumitomo Mitsui Trust Holdings Inc., Prudential PLC, Daiwa Securities Group Inc., and State of Tennessee Treasury Department.
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SPG stock was purchased by a variety of institutional investors in the last quarter, including FMR LLC, Norges Bank, Nuveen Asset Management LLC, Brookfield Asset Management Inc., FIL Ltd, Bessemer Group Inc., UBS Asset Management Americas Inc., and Uniplan Investment Counsel Inc.. Company insiders that have bought Simon Property Group stock in the last two years include David Simon, Glyn Aeppel, Herbert Simon, Larry C Glasscock, and Reuben S Leibowitz.
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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.
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One share of SPG stock can currently be purchased for approximately $111.17.

Simon Property Group has a market capitalization of $34.02 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.

Simon Property Group was founded in 1993.

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

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

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]