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 Tuesday, February 4th. Investors of record on Friday, February 14th will be given a dividend of $2.10 per share on Friday, February 28th. This represents a $8.40 annualized dividend and a yield of 5.91%. The ex-dividend date of this dividend is Thursday, February 13th. View Simon Property Group's Dividend History.

Simon Property Group announced that its Board of Directors has authorized a share buyback plan on Tuesday, February 12th 2019, which permits the company to buyback $2,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 3.4% of its shares through open market purchases. Shares buyback plans are often a sign that the company's leadership believes its shares are undervalued.

Simon Property Group Inc (NYSE:SPG) posted its earnings results on Tuesday, February, 4th. The real estate investment trust reported $1.66 EPS for the quarter, missing the Zacks' consensus estimate of $2.95 by $1.29. The real estate investment trust had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.45 billion. Simon Property Group had a net margin of 36.52% and a return on equity of 65.24%. The firm's quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.23 EPS. View Simon Property Group's Earnings History.

Simon Property Group is scheduled to release their next quarterly earnings announcement on Tuesday, May 5th 2020. View Earnings Estimates for Simon Property Group.

Simon Property Group updated its FY20 earnings guidance on Tuesday, February, 4th. The company provided EPS guidance of $12.25-12.40 for the period, compared to the Thomson Reuters consensus estimate of $12.62.

13 analysts have issued 12 month price objectives for Simon Property Group's shares. Their forecasts range from $120.00 to $218.00. On average, they anticipate Simon Property Group's share price to reach $167.77 in the next year. This suggests a possible upside of 17.9% from the stock's current price. View Analyst Price Targets for Simon Property Group.

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Simon Property Group in the last year. There are currently 1 sell rating, 8 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Simon Property Group.

News coverage about SPG stock has been trending very negative on Monday, InfoTrie reports. The research firm ranks the sentiment of press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Simon Property Group earned a media sentiment score of -3.0 on InfoTrie's scale. They also assigned media stories about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near term. View News Stories for Simon Property Group.

Simon Property Group saw a increase in short interest in the month of January. As of January 15th, there was short interest totalling 12,140,000 shares, an increase of 5.7% from the December 31st total of 11,480,000 shares. Based on an average daily trading volume, of 1,510,000 shares, the days-to-cover ratio is presently 8.0 days. Approximately 4.0% of the company's shares are sold short. View Simon Property Group's Current Options Chain.

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

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

Simon Property Group's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include State Street Corp (6.36%), Capital World Investors (6.15%), Capital Research Global Investors (3.06%), Cohen & Steers Inc. (2.51%), Geode Capital Management LLC (1.98%) and FMR LLC (1.36%). 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 State Street Corp, Capital World Investors, Goldman Sachs Group Inc., Resolution Capital Ltd, Man Group plc, UBS Asset Management Americas Inc., FMR LLC and MERIAN GLOBAL INVESTORS UK Ltd. View Insider Buying and Selling for Simon Property Group.

SPG stock was purchased by a variety of institutional investors in the last quarter, including Cohen & Steers Inc., Altshuler Shaham Ltd, Heitman Real Estate Securities LLC, Barrow Hanley Mewhinney & Strauss LLC, Daiwa Securities Group Inc., Capital Research Global Investors, Bank of New York Mellon Corp and Duff & Phelps Investment Management Co.. 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 $142.25.

Simon Property Group has a market capitalization of $45.58 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 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]