NYSE:SPG

Simon Property Group Stock Forecast, Price & News

$124.94
+2.02 (+1.64 %)
(As of 05/7/2021 12:00 AM ET)
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Today's Range
$121.80
$125.00
50-Day Range
$109.40
$123.33
52-Week Range
$47.25
$125.55
Volume2.69 million shs
Average Volume3.52 million shs
Market Capitalization$41.04 billion
P/E Ratio28.40
Dividend Yield4.23%
Beta1.51
30 days | 90 days | 365 days | Advanced Chart
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Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryRetail REITs
SectorFinance
CUSIP82880610
Phone(317) 636-1600
Employees4,500
Year Founded1993

Sales & Book Value

Annual Sales$5.76 billion
Cash Flow$15.33 per share
Book Value$8.95 per share

Profitability

Net Income$2.10 billion

Debt

Price-To-Earnings

Miscellaneous

Market Cap$41.04 billion
Next Earnings Date5/10/2021 (Confirmed)
OptionableOptionable

Social Links

Headlines

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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.

MarketRank

Overall MarketRank

2.37 out of 5 stars

Finance Sector

40th out of 1,951 stocks

Real Estate Investment Trusts Industry

9th out of 274 stocks

Analyst Opinion: 2.2Community Rank: 3.2Dividend Strength: 3.3Insider Behavior: 2.5Valuation: 0.6 5 -4 -3 -2 -1 -
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Simon Property Group (NYSE:SPG) Frequently Asked Questions

Is Simon Property Group a buy right now?

18 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Simon Property Group in the last twelve months. There are currently 2 sell ratings, 8 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street 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 short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Simon Property Group wasn't one of them. MarketBeat thinks these five stocks 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, May 10th 2021.
View our earnings forecast for Simon Property Group
.

How can I listen to Simon Property Group's earnings call?

Simon Property Group will be holding an earnings conference call on Monday, May 10th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Simon Property Group's earnings last quarter?

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

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

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. Since then, SPG stock has increased by 23.1% and is now trading at $124.94.
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 announced a quarterly dividend on Tuesday, March 30th. Stockholders of record on Friday, April 9th will be paid a dividend of $1.30 per share on Friday, April 23rd. This represents a $5.20 annualized dividend and a yield of 4.16%. The ex-dividend date of this dividend is Thursday, April 8th.
View Simon Property Group's dividend history
.

Is Simon Property Group a good dividend stock?

Simon Property Group pays an annual dividend of $5.20 per share and currently has a dividend yield of 4.23%. 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.

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

Simon Property Group issued an update on 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 EPS estimate of $9.57.

What price target have analysts set for SPG?

18 analysts have issued 12-month price objectives for Simon Property Group's shares. Their forecasts range from $50.00 to $135.00. On average, they anticipate Simon Property Group's share price to reach $106.87 in the next year. This suggests that the stock has a possible downside of 14.5%.
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
  • David Schacht, Chief Information Officer & Senior Vice President
  • Adam J. Reuille, Chief Accounting Officer & Senior Vice President
  • Chidi Achara, Chief Creative Officer & Senior Vice President

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.

Who are some of Simon Property Group's key competitors?

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 retail and institutional investors. Top institutional investors include BlackRock Inc. (10.49%), Daiwa Securities Group Inc. (1.27%), PGGM Investments (1.24%), Sumitomo Mitsui Trust Holdings Inc. (0.61%), Swiss National Bank (0.38%) and Alliancebernstein L.P. (0.38%). Company insiders that own Simon Property Group stock include Daniel C Smith, David Simon, Glyn Aeppel, Herbert Simon, J Albert Smith Jr, John Rulli, Larry C Glasscock 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 Daiwa Securities Group Inc., BlackRock Inc., PGGM Investments, Cibc World Markets Corp, Ninety One UK Ltd, Los Angeles Capital Management LLC, Zurcher Kantonalbank Zurich Cantonalbank , and Rhumbline Advisers.
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 Alliancebernstein L.P., Minneapolis Portfolio Management Group LLC, Strs Ohio, Smead Capital Management Inc., Standard Life Aberdeen plc, CQS US LLC, Artemis Investment Management LLP, and Retirement Systems of Alabama. 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, 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 $124.94.

How much money does Simon Property Group make?

Simon Property Group has a market capitalization of $41.04 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.

How many employees does Simon Property Group have?

Simon Property Group employs 4,500 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 5/9/2021 by MarketBeat.com Staff
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