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 declared a quarterly dividend on Wednesday, October 30th. Shareholders of record on Friday, November 15th will be given a dividend of $2.10 per share on Friday, November 29th. This represents a $8.40 annualized dividend and a yield of 5.65%. The ex-dividend date of this dividend is Thursday, November 14th. View Simon Property Group's Dividend History.

Simon Property Group declared that its board has approved a share repurchase program on Tuesday, February 12th 2019, which allows the company to buyback $2,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase up to 3.4% of its stock through open market purchases. Stock buyback programs are often a sign that the company's management believes its shares are undervalued.

Simon Property Group Inc (NYSE:SPG) posted its quarterly earnings results on Wednesday, October, 30th. The real estate investment trust reported $1.77 EPS for the quarter, missing analysts' consensus estimates of $3.05 by $1.28. The real estate investment trust earned $1.42 billion during the quarter, compared to analysts' expectations of $1.40 billion. Simon Property Group had a net margin of 40.23% and a return on equity of 66.93%. The firm's quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.05 EPS. View Simon Property Group's Earnings History.

Simon Property Group is scheduled to release their next quarterly earnings announcement on Friday, February 7th 2020. View Earnings Estimates for Simon Property Group.

Simon Property Group issued an update on its FY19 earnings guidance on Wednesday, October, 30th. The company provided earnings per share guidance of $12.33-12.38 for the period, compared to the Thomson Reuters consensus EPS estimate of $12.17.

10 brokers have issued 1-year price targets for Simon Property Group's shares. Their forecasts range from $150.00 to $218.00. On average, they anticipate Simon Property Group's share price to reach $179.44 in the next year. This suggests a possible upside of 20.6% from the stock's current price. View Analyst Price Targets for Simon Property Group.

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Simon Property Group in the last year. There are currently 8 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Simon Property Group.

News headlines about SPG stock have been trending positive recently, InfoTrie Sentiment Analysis reports. The research group ranks the sentiment of news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Simon Property Group earned a daily sentiment score of 3.0 on InfoTrie's scale. They also gave news articles about the real estate investment trust a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the next several days. View News Stories for Simon Property Group.

Simon Property Group saw a increase in short interest in the month of December. As of December 31st, there was short interest totalling 12,140,000 shares, an increase of 5.7% from the December 15th total of 11,480,000 shares. Based on an average trading volume of 1,520,000 shares, the days-to-cover ratio is presently 8.0 days. Approximately 4.0% of the company's shares are short sold. View Simon Property Group's Current Options Chain.

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

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), Walt Disney (DIS), Exxon Mobil (XOM), Johnson & Johnson (JNJ), Tanger Factory Outlet Centers (SKT), Ventas (VTR), NVIDIA (NVDA) and Cisco Systems (CSCO).

Simon Property Group's stock is owned by many different of retail and institutional investors. Top institutional investors include PGGM Investments (1.19%), Nisa Investment Advisors LLC (0.06%), State of Alaska Department of Revenue (0.04%), 6 Meridian (0.03%), Cardinal Capital Management Inc. (0.03%) and Manning & Napier Group LLC (0.03%). 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 Cullinan Associates Inc., Huntington National Bank, Zeke Capital Advisors LLC, IFM Investors Pty Ltd, Calamos Advisors LLC, Alpha Windward LLC, Archford Capital Strategies LLC and Gateway Investment Advisers LLC. View Insider Buying and Selling for Simon Property Group.

SPG stock was bought by a variety of institutional investors in the last quarter, including PGGM Investments, State of Alaska Department of Revenue, United Services Automobile Association, DNB Asset Management AS, Ingalls & Snyder LLC, Nisa Investment Advisors LLC, Cardinal Capital Management Inc. and Reilly Financial Advisors 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 $148.80.

Simon Property Group has a market capitalization of $47.68 billion and generates $5.66 billion in revenue each year. The real estate investment trust earns $2.44 billion in net income (profit) each year or $12.13 on an earnings per share basis. Simon Property Group employs 5,000 workers across the globe.View Additional Information About Simon Property Group.

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

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]