NYSE:SPG

Simon Property Group Stock Forecast, Price & News

$127.03
+2.88 (+2.32 %)
(As of 07/26/2021 12:00 AM ET)
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Today's Range
$123.84
$127.24
50-Day Range
$117.19
$135.71
52-Week Range
$59.03
$136.70
Volume1.90 million shs
Average Volume2.18 million shs
Market Capitalization$41.73 billion
P/E Ratio35.99
Dividend Yield4.51%
Beta1.54
30 days | 90 days | 365 days | Advanced Chart
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Simon Property Group logo

About Simon Property Group

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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MarketRank

Overall MarketRank

2.37 out of 5 stars

Finance Sector

215th out of 4,074 stocks

Real Estate Investment Trusts Industry

37th out of 564 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 analysts have issued "buy," "hold," and "sell" ratings for Simon Property Group in the last year. There are currently 1 sell rating, 9 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street 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 buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Simon Property Group wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Simon Property Group?

Simon Property Group saw a drop in short interest during the month of June. As of June 30th, there was short interest totaling 1,600 shares, a drop of 100.0% from the June 15th total of 13,680,000 shares. Based on an average daily volume of 2,460,000 shares, the days-to-cover ratio is presently 0.0 days.
View Simon Property Group's Short Interest
.

When is Simon Property Group's next earnings date?

Simon Property Group is scheduled to release its next quarterly earnings announcement on Monday, August 2nd 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, August 2nd at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 404-537-3406 with passcode "7455849".

How were Simon Property Group's earnings last quarter?

Simon Property Group, Inc. (NYSE:SPG) released its earnings results on Monday, May, 10th. The real estate investment trust reported $1.36 EPS for the quarter, missing analysts' consensus estimates of $2.25 by $0.89. The real estate investment trust earned $1.24 billion during the quarter. Simon Property Group had a net margin of 24.94% and a trailing twelve-month return on equity of 40.13%. The firm's revenue for the quarter was down 8.4% on a year-over-year basis. During the same period last year, the business posted $1.43 earnings per share.
View Simon Property Group's earnings history
.

How has Simon Property Group's stock price 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 (WHO). Since then, SPG shares have increased by 25.2% and is now trading at $127.03.
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 declared a quarterly dividend on Monday, June 21st. Investors of record on Friday, July 2nd will be paid a dividend of $1.40 per share on Friday, July 23rd. This represents a $5.60 dividend on an annualized basis and a yield of 4.41%. The ex-dividend date is Thursday, July 1st. This is a positive change from Simon Property Group's previous quarterly dividend of $1.30.
View Simon Property Group's dividend history
.

Is Simon Property Group a good dividend stock?

Simon Property Group pays an annual dividend of $5.60 per share and currently has a dividend yield of 4.51%. 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 strong track record of dividend growth. The dividend payout ratio of Simon Property Group is 61.47%. 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 54.42% 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 FY 2021 earnings guidance on Tuesday, June, 8th. The company provided EPS guidance of $9.700-9.800 for the period. The company issued revenue guidance of -.

What price target have analysts set for SPG?

18 brokerages have issued 1-year price objectives for Simon Property Group's stock. Their forecasts range from $80.00 to $150.00. On average, they expect Simon Property Group's stock price to reach $130.53 in the next year. This suggests a possible upside of 2.8% from the stock's current price.
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:
  • Mr. David E. Simon, Chairman, CEO & Pres (Age 59, Pay $3.02M)
  • Mr. Brian J. McDade, Exec. VP, CFO & Treasurer (Age 42, Pay $1.05M)
  • Mr. John Rulli, Chief Admin. Officer (Age 65, Pay $1.14M)
  • Mr. Steven E. Fivel, Gen. Counsel & Sec. (Age 60, Pay $1.23M)
  • Mr. Steven K. Broadwater, Sr. VP of Financial Reporting & Operations (Age 54)
  • Mr. Stanley Shashoua, Chief Investment Officer (Age 50)
  • Mr. Adam J. Reuille, Sr. VP & Chief Accounting Officer (Age 46)
  • Joseph W. Chiappetta, Sr. VP & Chief Technology Officer
  • Mr. Thomas Ward, Sr. VP of Investor Relations (Age 52)
  • Ali Slocum, VP of PR

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 variety of institutional and retail investors. Top institutional shareholders include State of Alaska Department of Revenue (0.06%), Oregon Public Employees Retirement Fund (0.03%), TCW Group Inc. (0.03%), TIAA FSB (0.02%), IFM Investors Pty Ltd (0.01%) and Vancity Investment Management Ltd (0.01%). Company insiders that own Simon Property Group stock include Daniel C Smith, David Simon, Glyn Aeppel, Herbert Simon, J Albert Smith Jr, Larry C Glasscock, Marta R Stewart and Reuben S Leibowitz.
View institutional ownership trends for Simon Property Group
.

Which institutional investors are selling Simon Property Group stock?

SPG stock was sold by a variety of institutional investors in the last quarter, including TIAA FSB, TCW Group Inc., Teamwork Financial Advisors LLC, Oregon Public Employees Retirement Fund, Financial Management Network Inc., JLP Asset Management LLC, New England Research & Management Inc., and Jeppson Wealth Management LLC.
View insider buying and selling activity for Simon Property Group
or view top insider-selling stocks.

Which institutional investors are buying Simon Property Group stock?

SPG stock was bought by a variety of institutional investors in the last quarter, including Spirit of America Management Corp NY, Brookstone Capital Management, State of Alaska Department of Revenue, Sound Income Strategies LLC, IFM Investors Pty Ltd, Vancity Investment Management Ltd, New Mexico Educational Retirement Board, and Legacy Capital Partners Inc.. 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, Marta R Stewart, 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 $127.03.

How much money does Simon Property Group make?

Simon Property Group has a market capitalization of $41.73 billion and generates $4.61 billion in revenue each year. The real estate investment trust earns $1.11 billion in net income (profit) each year or $9.11 on an earnings per share basis.

How many employees does Simon Property Group have?

Simon Property Group employs 3,300 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 7/27/2021 by MarketBeat.com Staff
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