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NYSE:SPG

Simon Property Group - SPG Stock Forecast, Price & News

$116.75
-0.37 (-0.32%)
(As of 12/9/2022 12:00 AM ET)
Add
Compare
Today's Range
$116.10
$117.56
50-Day Range
$89.75
$120.70
52-Week Range
$86.02
$165.83
Volume
1.16 million shs
Average Volume
2.06 million shs
Market Capitalization
$38.17 billion
P/E Ratio
19.49
Dividend Yield
5.98%
Price Target
$127.55

Simon Property Group MarketRank™ Forecast

Analyst Rating
Hold
2.45 Rating Score
Upside/​Downside
9.6% Upside
$127.55 Price Target
Short Interest
Healthy
2.01% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.10
Upright™ Environmental Score
News Sentiment
0.57mentions of Simon Property Group in the last 14 days
Based on 6 Articles This Week
Insider Trading
Acquiring Shares
$16,787 Bought Last Quarter
Proj. Earnings Growth
3.24%
From $11.72 to $12.10 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.12 out of 5 stars

Finance Sector

543rd out of 862 stocks

Real Estate Investment Trusts Industry

119th out of 191 stocks

SPG stock logo

About Simon Property Group (NYSE:SPG) Stock

Simon is a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE: SPG). Our properties across North America, Europe and Asia provide community gathering places for millions of people every day and generate billions in annual sales.

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SPG Stock News Headlines

These Steady REITs Yield 3x-4x the Market
Black Friday Deals on These 3 Dividend Plays (SPG)
Discounted prices means investors will have the opportunity to bank some nice yields on above-market dividend payers. These are a few of our favorites.
Simon Property Group, Inc. (SPG) To Go Ex-Dividend on December 8th
ROUNDUP: Simon Property Lifts FY22 Outlook, Q4 Dividend
Brokerages Set Simon Property Group, Inc. (NYSE:SPG) PT at $131.92
2 REIT Stocks to Buy Before the Bear Market Is Over
Key Reasons Why Simon Property (SPG) Stock Soared 31% QTD
Mizuho Securities Sticks to Their Hold Rating for Simon Property (SPG)
Simon® Opens Fukaya-Hanazono Premium Outlets®
Simon Property Group Q3 Earnings: 3 Important Takeaways
Simon Property (SPG) Q3 FFO Top Estimates
See More Headlines
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SPG Company Calendar

Last Earnings
8/01/2022
Ex-Dividend for 9/30 Dividend
9/08/2022
Dividend Payable
9/30/2022
Ex-Dividend for 12/30 Dividend
12/08/2022
Today
12/09/2022
Dividend Payable
12/30/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/06/2023

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Retail REITs
Sector
Finance
CUSIP
82880610
Employees
3,300
Year Founded
1993

Price Target and Rating

Average Stock Price Forecast
$127.55
High Stock Price Forecast
$165.00
Low Stock Price Forecast
$100.00
Forecasted Upside/Downside
+9.2%
Consensus Rating
Hold
Rating Score (0-4)
2.45
Research Coverage
11 Analysts

Profitability

Net Income
$2.25 billion
Pretax Margin
33.92%

Debt

Sales & Book Value

Annual Sales
$5.12 billion
Cash Flow
$10.22 per share
Book Value
$11.11 per share

Miscellaneous

Free Float
299,163,000
Market Cap
$38.17 billion
Optionable
Optionable
Beta
1.51

Social Links


Key Executives

  • Mr. David E. SimonMr. David E. Simon (Age 60)
    Chairman, CEO & Pres
    Comp: $5.02M
  • Mr. Brian J. McDade (Age 43)
    Exec. VP & CFO
    Comp: $1.19M
  • Mr. John Rulli (Age 66)
    Chief Admin. Officer
    Comp: $1.42M
  • Mr. Steven E. Fivel (Age 61)
    Gen. Counsel & Sec.
    Comp: $1.42M
  • Mr. Steven K. BroadwaterMr. Steven K. Broadwater (Age 55)
    Sr. VP of Financial Reporting & Operations
  • Mr. Stanley Shashoua (Age 51)
    Chief Investment Officer
  • Mr. Adam J. Reuille (Age 47)
    Sr. VP & Chief Accounting Officer
  • Joseph W. Chiappetta
    Sr. VP & Chief Technology Officer
  • Mr. Thomas Ward (Age 53)
    Sr. VP of Investor Relations
  • Ali Slocum
    VP of PR













SPG Stock - Frequently Asked Questions

Should I buy or sell Simon Property Group stock right now?

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Simon Property Group in the last year. There are currently 6 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" SPG shares. 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 SPG analyst ratings
or view top-rated stocks.

What is Simon Property Group's stock price forecast for 2023?

11 Wall Street analysts have issued twelve-month target prices for Simon Property Group's stock. Their SPG share price forecasts range from $100.00 to $165.00. On average, they expect the company's share price to reach $127.55 in the next year. This suggests a possible upside of 9.1% from the stock's current price.
View analysts price targets for SPG
or view top-rated stocks among Wall Street analysts.

How have SPG shares performed in 2022?

Simon Property Group's stock was trading at $159.77 on January 1st, 2022. Since then, SPG shares have decreased by 26.8% and is now trading at $116.96.
View the best growth stocks for 2022 here
.

When is Simon Property Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, February 6th 2023.
View our SPG earnings forecast
.

How were Simon Property Group's earnings last quarter?

Simon Property Group, Inc. (NYSE:SPG) posted its earnings results on Monday, August, 1st. The real estate investment trust reported $1.51 EPS for the quarter, beating analysts' consensus estimates of $1.43 by $0.08. The real estate investment trust had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.25 billion. Simon Property Group had a trailing twelve-month return on equity of 54.59% and a net margin of 37.74%. The firm's revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.92 earnings per share.
Read the conference call transcript
.

How often does Simon Property Group pay dividends? What is the dividend yield for Simon Property Group?

Simon Property Group declared a quarterly dividend on Tuesday, November 1st. Investors of record on Friday, December 9th will be paid a dividend of $1.80 per share on Friday, December 30th. This represents a $7.20 dividend on an annualized basis and a dividend yield of 6.16%. The ex-dividend date is Thursday, December 8th. This is a positive change from the stock's previous quarterly dividend of $1.75.
Read our dividend analysis for SPG
.

Is Simon Property Group a good dividend stock?

Simon Property Group (NYSE:SPG) pays an annual dividend of $7.00 per share and currently has a dividend yield of 5.88%. 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 116.86%. 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 57.85% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SPG.

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

Simon Property Group updated its FY 2022 earnings guidance on Tuesday, November, 8th. The company provided earnings per share (EPS) guidance of $11.83-$11.88 for the period, compared to the consensus estimate of $11.67. The company issued revenue guidance of -.

What is David Simon's approval rating as Simon Property Group's CEO?

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.

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), 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 institutional and retail investors. Top institutional investors include Vanguard Group Inc. (14.84%), BlackRock Inc. (10.87%), Cohen & Steers Inc. (7.47%), State Street Corp (6.97%), Daiwa Securities Group Inc. (1.37%) and Dimensional Fund Advisors LP (1.32%). Insiders that own company stock include Daniel C Smith, David Simon, Glyn Aeppel, Herbert Simon, J Albert Smith Jr, Larry C Glasscock, Marta R Stewart, Peggy Fang Roe, Reuben S Leibowitz and Simon Property Group Inc /De/.
View institutional ownership trends
.

How do I buy shares of Simon Property Group?

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.
Compare Top Brokerages Here.

What is Simon Property Group's stock price today?

One share of SPG stock can currently be purchased for approximately $116.96.

How much money does Simon Property Group make?

Simon Property Group (NYSE:SPG) has a market capitalization of $38.24 billion and generates $5.12 billion in revenue each year. The real estate investment trust earns $2.25 billion in net income (profit) each year or $5.99 on an earnings per share basis.

How many employees does Simon Property Group have?

The company employs 3,300 workers across the globe.

How can I contact Simon Property Group?

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.

This page (NYSE:SPG) was last updated on 12/9/2022 by MarketBeat.com Staff