Simon Property Group - SPG Stock Forecast, Price & News

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Simon Property Group in the last year. There are currently 6 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" SPG shares.
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12 Wall Street analysts have issued twelve-month price objectives for Simon Property Group's shares. Their SPG share price forecasts range from $100.00 to $165.00. On average, they anticipate the company's share price to reach $132.08 in the next twelve months. This suggests a possible upside of 27.6% from the stock's current price.
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Simon Property Group's stock was trading at $117.48 at the beginning of 2023. Since then, SPG shares have decreased by 11.9% and is now trading at $103.48.
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The company is scheduled to release its next quarterly earnings announcement on Monday, May 8th 2023.
View our SPG earnings forecast.

Simon Property Group, Inc. (NYSE:SPG) announced its earnings results on Monday, February, 6th. The real estate investment trust reported $2.06 earnings per share for the quarter, missing analysts' consensus estimates of $3.14 by $1.08. The real estate investment trust earned $1.40 billion during the quarter, compared to analyst estimates of $1.29 billion. Simon Property Group had a net margin of 40.43% and a trailing twelve-month return on equity of 60.33%. The business's revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the company posted $3.09 earnings per share.
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Simon Property Group declared a quarterly dividend on Monday, February 6th. Shareholders of record on Friday, March 10th will be given a dividend of $1.80 per share on Friday, March 31st. This represents a $7.20 annualized dividend and a yield of 6.96%. The ex-dividend date of this dividend is Thursday, March 9th.
Read our dividend analysis for SPG.

ETFs with the largest weight of Simon Property Group (NYSE:SPG) stock in their portfolio include Direxion Daily S&P 500 Bull 3X (SPXL), Direxion Daily S&P 500 Bull 2X Shares (SPUU), Direxion Daily Real Estate Bull 3X Shares (DRN), ALPS Active REIT ETF (REIT), iShares Cohen & Steers REIT ETF (ICF), FlexShares Global Quality Real Estate Index Fund (GQRE), Real Estate Select Sector SPDR Fund (XLRE) and SPDR Dow Jones REIT ETF (RWR).

Simon Property Group (NYSE:SPG) pays an annual dividend of $7.20 per share and currently has a dividend yield of 6.60%. SPG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 110.43%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, SPG will have a dividend payout ratio of 58.58% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SPG.

Simon Property Group issued an update on its FY 2023 earnings guidance on Monday, February, 6th. The company provided earnings per share guidance of $11.70-$11.95 for the period, compared to the consensus earnings per share estimate of $12.13. The company issued revenue guidance of -.

197 employees have rated Simon Property Group Chief Executive Officer David Simon on Glassdoor.com. David Simon has an approval rating of 44% among the company's employees. This puts David Simon in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

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), 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 shareholders include Geode Capital Management LLC (2.26%), Norges Bank (2.10%), Morgan Stanley (1.99%), Dimensional Fund Advisors LP (1.37%), Legal & General Group Plc (1.22%) and Daiwa Securities Group Inc. (1.18%). Insiders that own company stock include Daniel C Smith, Glyn Aeppel, J Albert Smith Jr, Marta R Stewart, Peggy Fang Roe and Simon Property Group Inc /De/.
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Shares of SPG stock 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 $103.48.

Simon Property Group (NYSE:SPG) has a market capitalization of $33.83 billion and generates $5.29 billion in revenue each year. The real estate investment trust earns $2.14 billion in net income (profit) each year or $6.52 on an earnings per share basis.

The company employs 3,300 workers across the globe.

Simon Property Group's mailing address is 225 WEST WASHINGTON STREET, INDIANAPOLIS IN, 46204. The official website for the company is www.simon.com. The real estate investment trust can be reached via phone at (317) 636-1600, via email at tom.ward@simon.com, or via fax at 317-685-7222.