About Simon Property Group (NYSE:SPG)
Simon Property Group, Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company owns, develops and manages retail real estate properties, which consist primarily of malls, Premium Outlets and The Mills. Simon Property Group, L.P. (Operating Partnership), is the Company's partnership subsidiary that owns all of its real estate properties and other assets. As of December 31, 2016, the Company owned or held an interest in 206 income-producing properties in the United States, which consisted of 108 malls, 67 Premium Outlets, 14 Mills, four lifestyle centers, and 13 other retail properties in 37 states and Puerto Rico. As of December 31, 2016, it had redevelopment and expansion projects, including the addition of anchors, big box tenants, and restaurants, underway at 27 properties in the United States and it had one outlet and one other retail project under development.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Retail REITs
- Sub-Industry: Retail REITs
- Symbol: NYSE:SPG
- CUSIP: 82880610
- Web: www.simon.com
Capitalization:- Market Cap: $52.70002 billion
- Outstanding Shares: 310,842,000
Average Prices:- 50 Day Moving Avg: $161.54
- 200 Day Moving Avg: $161.36
- 52 Week Range: $150.15 - $199.19
P/E:- Trailing P/E Ratio: 29.36
- Foreward P/E Ratio: 13.51
- P/E Growth: 2.68
Sales & Book Value:- Annual Revenue: $5.49 billion
- Price / Sales: 9.33
- Book Value: $11.85 per share
- Price / Book: 13.90
Dividend:- Annual Dividend: $7.20
- Dividend Yield: 4.4%
Profitability:- EBITDA: $4.02 billion
- Net Margins: 32.07%
- Return on Equity: 39.29%
- Return on Assets: 6.03%
Debt:- Debt-to-Equity Ratio: 5.51%
- Current Ratio: 0.94%
- Quick Ratio: 0.94%
Misc:- Average Volume: 1.51 million shs.
- Beta: 0.6
- Short Ratio: 7.96
Frequently Asked Questions for Simon Property Group (NYSE:SPG)
What is Simon Property Group's stock symbol?
Simon Property Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "SPG."
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, August 1st. Shareholders of record on Thursday, August 17th will be given a dividend of $1.80 per share on Thursday, August 31st. This represents a $7.20 annualized dividend and a yield of 4.37%. The ex-dividend date of this dividend is Tuesday, August 15th. This is an increase from Simon Property Group's previous quarterly dividend of $1.75. View Simon Property Group's Dividend History.
How were Simon Property Group's earnings last quarter?
Simon Property Group, Inc. (NYSE:SPG) announced its quarterly earnings data on Tuesday, August, 1st. The company reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.44 by $0.03. The business earned $1.36 billion during the quarter, compared to the consensus estimate of $1.37 billion. Simon Property Group had a net margin of 32.07% and a return on equity of 39.29%. The company's revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.63 earnings per share. View Simon Property Group's Earnings History.
When will Simon Property Group make its next earnings announcement?
What guidance has Simon Property Group issued on next quarter's earnings?
Simon Property Group issued an update on its FY17 earnings guidance on Tuesday, August, 1st. The company provided earnings per share guidance of $11.14-11.22 for the period, compared to the Thomson Reuters consensus EPS estimate of $11.21.
Where is Simon Property Group's stock going? Where will Simon Property Group's stock price be in 2017?
15 equities research analysts have issued 1 year price targets for Simon Property Group's shares. Their predictions range from $158.00 to $240.00. On average, they anticipate Simon Property Group's share price to reach $194.36 in the next twelve months. View Analyst Ratings for Simon Property Group.
What are analysts saying about Simon Property Group stock?
Here are some recent quotes from research analysts about Simon Property Group stock:
- 1. According to Zacks Investment Research, "Simon Property recently announced the ground breaking of Denver Premium Outlets. The company also opened The Shops — a 500,000-square-foot upscale mixed-use development situated in Clearfork. Notably, the company has a diversified exposure to retail assets in the United States and abroad. Although, there is pressure from escalating Internet sales, the company is making concerted efforts to restructure its portfolio as well as upgrade services and amenities provided to its customers. The company has a healthy balance sheet and is taking initiatives to support omni-channel retailing. Such efforts augur well for long term growth. Further, shares of Simon Property have outperformed the industry it belongs to, over the past three months. Also, the Zacks Consensus Estimate for current-year funds from operations (FFO) per share remained unchanged in a month’s time." (10/11/2017)
- 2. Canaccord Genuity analysts commented, "We are updating our model to reflect intra-quarter items for Simon Property, including the company's amended and extended $4B revolving line of credit, the recent 25bp increase in the fed funds rate, and the near-term occupancy impact of recently announced and likely pending store closings by apparel retailers including The Limited, Wet Seal, BCBG Max Azria, and bebe." (3/27/2017)
- 3. Hilliard Lyons analysts commented, "Our upgrade is based on what we view as a compelling valuation. We have always viewed Simon as a best in class operator, but have been waiting for a compelling entry point to recommend the shares again. We find the shares attractive at the current price." (3/17/2017)
Who are some of Simon Property Group's key competitors?
Some companies that are related to Simon Property Group include GGP (GGP), Regency Centers Corporation (REG), Macerich Company (The) (MAC), Kimco Realty Corporation (KIM), National Retail Properties (NNN), Brixmor Property Group (BRX), Weingarten Realty Investors (WRI), CoreSite Realty Corporation (COR), DDR Corp. (DDR), Taubman Centers (TCO), Retail Properties of America (RPAI), Urban Edge Properties (UE), Acadia Realty Trust (AKR), Tanger Factory Outlet Centers (SKT), Retail Opportunity Investments Corp (ROIC), Kite Realty Group Trust (KRG), Washington Prime Group (WPG) and Four Corners Property Trust (FCPT).
Who are Simon Property Group's key executives?
Simon Property Group's management team includes the folowing people:
- David E. Simon, Chairman of the Board, Chief Executive Officer
- Andrew A. Juster, Chief Financial Officer, Executive Vice President
- Richard S. Sokolov, President, Chief Operating Officer, Director
- John Rulli, Senior Executive Vice President, Chief Administrative Officer
- Steven K. Broadwater, Senior Vice President, Chief Accounting Officer
- Brian J. McDade, Senior Vice President, Treasurer
- Steven E. Fivel, General Counsel, Secretary
- Alexander L. W. Snyder, Assistant General Counsel, Assistant Secretary
- Herbert Simon, Chairman Emeritus
- Larry C. Glasscock, Lead Independent Director
Who owns Simon Property Group stock?
Simon Property Group's stock is owned by a variety of of institutional and retail investors. Top institutional investors include PGGM Investments (1.17%), Robeco Institutional Asset Management B.V. (0.04%), State Treasurer State of Michigan (0.03%), APG Asset Management N.V. (0.03%), Shell Asset Management Co. (0.03%) and Mutual of America Capital Management LLC (0.02%). Company insiders that own Simon Property Group stock include Allan B Hubbard, Andrew Juster, David J Contis, Reuben S Leibowitz and Steven K Broadwater. View Institutional Ownership Trends for Simon Property Group.
Who sold Simon Property Group stock? Who is selling Simon Property Group stock?
Who bought Simon Property Group stock? Who is buying Simon Property Group stock?
Simon Property Group's stock was acquired by a variety of institutional investors in the last quarter, including PGGM Investments, Orinda Asset Management LLC, Shell Asset Management Co., Ingalls & Snyder LLC, APG Asset Management N.V., Mutual of America Capital Management LLC, Adams Asset Advisors LLC and Robeco Institutional Asset Management B.V.. Company insiders that have bought Simon Property Group stock in the last two years include Allan B Hubbard and Reuben S Leibowitz. View Insider Buying and Selling for Simon Property Group.
How do I buy Simon Property Group stock?
Shares of Simon Property Group can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Simon Property Group's stock price today?
One share of Simon Property Group stock can currently be purchased for approximately $164.72.
MarketBeat Community Rating for Simon Property Group (NYSE SPG)MarketBeat's community ratings are surveys of what our community members think about Simon Property Group and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for Simon Property Group (NYSE:SPG) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 5 Hold Ratings, 10 Buy Ratings |
| Consensus Rating: | Buy (Score: 2.67) |
| Consensus Price Target: | $194.36 (17.99% upside) |
Consensus Price Target History for Simon Property Group (NYSE:SPG)
Analysts' Ratings History for Simon Property Group (NYSE:SPG)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 10/12/2017 | Stifel Nicolaus | Reiterated Rating | Hold | $170.00 | N/A |  |
| 9/11/2017 | BMO Capital Markets | Initiated Coverage | Outperform | $175.00 | Medium | |
| 8/24/2017 | Jefferies Group LLC | Reiterated Rating | Buy | $198.00 -> $200.00 | Medium | |
| 8/22/2017 | Argus | Lower Price Target | Buy | $210.00 -> $200.00 | Low | |
| 8/8/2017 | Barclays PLC | Boost Price Target | Overweight | $188.00 -> $190.00 | Low | |
| 8/2/2017 | Boenning Scattergood | Set Price Target | Buy | $240.00 | Medium | |
| 6/20/2017 | Goldman Sachs Group, Inc. (The) | Upgrade | Neutral -> Buy | $175.00 -> $185.00 | Low | |
| 6/3/2017 | Morgan Stanley | Reiterated Rating | Equal Weight | $180.00 -> $158.00 | Low | |
| 5/30/2017 | Mizuho | Upgrade | Neutral -> Buy | $178.00 | Medium | |
| 5/22/2017 | Deutsche Bank AG | Boost Price Target | Hold | $188.00 -> $191.00 | Low | |
| 5/18/2017 | Royal Bank Of Canada | Reiterated Rating | Hold | $182.00 | High | |
| 4/3/2017 | BTIG Research | Reiterated Rating | Buy | $231.00 | Low | |
| 3/27/2017 | Canaccord Genuity | Lower Price Target | Buy | $250.00 -> $224.00 | Low | |
| 3/17/2017 | Hilliard Lyons | Upgrade | Neutral -> Buy | $197.00 | Low | |
| 1/19/2017 | SunTrust Banks, Inc. | Downgrade | Buy -> Hold | | N/A | |
| 4/1/2016 | Citigroup Inc. | Boost Price Target | Buy | $214.00 -> $235.00 | N/A | |
| 3/21/2016 | Evercore ISI | Boost Price Target | Buy | $213.00 -> $220.00 | N/A | |
| 1/29/2016 | Raymond James Financial, Inc. | Lower Price Target | | $235.00 -> $220.00 | N/A | |
| 1/12/2016 | Cowen and Company | Reiterated Rating | Outperform | $241.00 | N/A | |
(Data available from 10/22/2015 forward)
Earnings History for Simon Property Group (NYSE:SPG)Earnings History by Quarter for Simon Property Group (NYSE SPG)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 10/24/2017 | | $1.62 | | | | | N/A | |
| 8/1/2017 | Q2 2017 | $2.44 | $2.47 | $1.37 billion | $1.36 billion | View | Listen | |
| 4/27/2017 | Q1 2017 | $2.76 | $2.74 | $1.36 billion | $1.35 billion | View | N/A | |
| 1/31/2017 | Q416 | $1.48 | $2.53 | $1.46 billion | $1.43 billion | View | Listen | |
| 10/26/2016 | Q316 | $2.68 | $2.70 | $1.35 billion | $1.36 billion | View | Listen | |
| 7/27/2016 | Q216 | $2.62 | $2.63 | $1.33 billion | $1.32 billion | View | Listen | |
| 4/26/2016 | Q116 | $2.54 | $2.63 | $1.26 billion | $1.34 billion | View | Listen | |
| 1/29/2016 | Q415 | $2.40 | $2.40 | $1.38 billion | $1.38 billion | View | Listen | |
| 10/27/2015 | Q315 | $2.47 | $2.54 | $1.30 billion | $1.32 billion | View | Listen | |
| 7/24/2015 | Q215 | $2.35 | $2.63 | $1.24 billion | $1.35 billion | View | Listen | |
| 4/24/2015 | Q115 | $2.26 | $2.28 | $1.22 billion | $1.22 billion | View | Listen | |
| 1/30/2015 | Q414 | $2.47 | $2.47 | $1.31 billion | $1.30 billion | View | Listen | |
| 10/22/2014 | Q314 | $1.95 | $1.90 | $1.19 billion | $1.23 billion | View | Listen | |
| 7/23/2014 | Q214 | $2.13 | $2.16 | $1.25 billion | $1.18 billion | View | Listen | |
| 4/22/2014 | Q114 | $2.24 | $2.38 | $1.30 billion | $1.32 billion | View | Listen | |
| 1/31/2014 | Q413 | $2.42 | $2.47 | $1.39 billion | $1.42 billion | View | Listen | |
| 10/25/2013 | Q313 | $2.16 | $2.21 | | $1.30 billion | View | Listen | |
| 7/29/2013 | Q213 | $2.07 | $2.11 | $1.24 billion | $1.24 billion | View | Listen | |
| 4/26/2013 | Q113 | $2.00 | $2.05 | $1.19 billion | $1.22 billion | View | Listen | |
| 2/4/2013 | Q4 2012 | $2.16 | $2.29 | $1.29 billion | $13.44 billion | View | Listen | |
| 10/25/2012 | | $1.92 | $1.99 | | | View | N/A | |
| 7/24/2012 | | $1.81 | $1.89 | | | View | N/A | |
| 4/27/2012 | | $1.67 | $1.82 | | | View | N/A | |
| 2/3/2012 | | $1.91 | $1.91 | | | View | N/A | |
| 10/25/2011 | | $1.66 | $1.71 | | | View | N/A | |
| 4/29/2011 | | $1.54 | $1.61 | | | View | N/A | |
| 2/4/2011 | | $1.74 | $1.75 | | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Simon Property Group (NYSE:SPG)2017 EPS Consensus Estimate: $11.31
2018 EPS Consensus Estimate: $12.21
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 3 | $2.72 | $2.78 | $2.76 |
| Q2 2017 | 3 | $2.44 | $2.83 | $2.57 |
| Q3 2017 | 3 | $2.86 | $2.88 | $2.87 |
| Q4 2017 | 3 | $3.11 | $3.12 | $3.12 |
| Q1 2018 | 1 | $2.97 | $2.97 | $2.97 |
| Q2 2018 | 1 | $2.89 | $2.89 | $2.89 |
| Q3 2018 | 1 | $3.08 | $3.08 | $3.08 |
| Q4 2018 | 1 | $3.27 | $3.27 | $3.27 |
(Data provided by Zacks Investment Research)
Current Dividend Information for Simon Property Group (NYSE:SPG)| Most Recent Dividend: | 8/31/2017 |
| Annual Dividend: | $7.20 |
| Dividend Yield: | 4.37% |
| Dividend Growth: | 11.80% (3 Year Average) |
| Payout Ratio: | 127.89% (Trailing 12 Months of Earnings)
64.29% (Based on This Year's Estimates)
59.06% (Based on Next Year's Estimates)
|
| Track Record: | 7 Years of Consecutive Dividend Growth |
Dividend History by Quarter for Simon Property Group (NYSE SPG)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 8/1/2017 | Quarterly | $1.80 | 4.46% | 8/15/2017 | 8/17/2017 | 8/31/2017 |
| 4/27/2017 | quarterly | $1.75 | 4.24% | 5/15/2017 | 5/17/2017 | 5/31/2017 |
| 1/31/2017 | quarterly | $1.75 | 3.86% | 2/10/2017 | 2/14/2017 | 2/28/2017 |
| 10/26/2016 | quarterly | $1.65 | 3.61% | 11/14/2016 | 11/16/2016 | 11/30/2016 |
| 7/27/2016 | quarterly | $1.65 | 2.98% | 8/15/2016 | 8/17/2016 | 8/31/2016 |
| 4/26/2016 | quarterly | $1.60 | 3.13% | 5/13/2016 | 5/17/2016 | 5/31/2016 |
| 1/29/2016 | quarterly | $1.60 | 3.41% | 2/10/2016 | 2/12/2016 | 2/29/2016 |
| 10/27/2015 | quarterly | $1.60 | 3.11% | 11/12/2015 | 11/16/2015 | 11/30/2015 |
| 7/24/2015 | quarterly | $1.55 | 3.36% | 8/13/2015 | 8/17/2015 | 8/31/2015 |
| 4/24/2015 | quarterly | $1.50 | 3.16% | 5/13/2015 | 5/15/2015 | 5/29/2015 |
| 2/2/2015 | quarterly | $1.40 | 2.81% | 2/11/2015 | 2/13/2015 | 2/27/2015 |
| 10/22/2014 | quarterly | $1.30 | 3.02% | 11/12/2014 | 11/14/2014 | 11/28/2014 |
| 7/23/2014 | quarterly | $1.30 | 3.08% | 8/13/2014 | 8/15/2014 | 8/29/2014 |
| 4/22/2014 | quarterly | $1.30 | 3.05% | 5/14/2014 | 5/16/2014 | 5/30/2014 |
| 1/31/2014 | quarterly | $1.25 | 3.31% | 2/12/2014 | 2/14/2014 | 2/28/2014 |
| 10/25/2013 | quarterly | $1.20 | 3.01% | 11/13/2013 | 11/15/2013 | 11/29/2013 |
| 7/29/2013 | quarterly | $1.15 | 2.82% | 8/14/2013 | 8/16/2013 | 8/30/2013 |
| 4/26/2013 | quarterly | $1.15 | 2.61% | 5/15/2013 | 5/17/2013 | 5/31/2013 |
| 2/4/2013 | quarterly | $1.15 | 2.84% | 2/12/2013 | 2/14/2013 | 2/28/2013 |
(Data available from 1/1/2013 forward)
Insider Trading and Institutional Ownership History for Simon Property Group (NYSE:SPG)Insider Ownership Percentage: 8.42%
Institutional Ownership Percentage: 94.70%
Insider Trades by Quarter for Simon Property Group (NYSE:SPG)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 3/28/2017 | Reuben S. Leibowitz | Director | Buy | 1,400 | $166.00 | $232,400.00 | |
| 9/1/2016 | Steven K Broadwater | SVP | Sell | 945 | $215.41 | $203,562.45 | |
| 8/29/2016 | Andrew Juster | CFO | Sell | 7,000 | $215.68 | $1,509,760.00 | |
| 4/28/2016 | Allan B Hubbard | Director | Buy | 136 | $204.92 | $27,869.12 | |
| 3/21/2016 | David J Contis | EVP | Sell | 11,000 | $202.63 | $2,228,930.00 | |
| 12/22/2015 | Allan B Hubbard | Director | Buy | 145 | $192.70 | $27,941.50 | |
| 8/18/2015 | Steven K Broadwater | CAO | Sell | 1,489 | $194.17 | $289,119.13 | |
| 12/24/2014 | John Rulli | EVP | Sell | 5,400 | $186.28 | $1,005,912.00 | |
| 12/23/2014 | Stephen E Sterrett | CFO | Sell | 9,369 | $186.21 | $1,744,601.49 | |
| 12/22/2014 | Andrew Juster | EVP | Sell | 7,500 | $185.51 | $1,391,325.00 | |
| 6/26/2014 | Steven K Broadwater | CAO | Sell | 1,370 | $165.88 | $227,255.60 | |
| 3/5/2014 | David Contis | EVP | Sell | 4,000 | $164.27 | $657,080.00 | |
| 12/27/2013 | Stephen Sterrett | CFO | Sell | 8,955 | $153.14 | $1,371,368.70 | |
| 12/26/2013 | James Barkley | General Counsel | Sell | 4,000 | $154.40 | $617,600.00 | |
| 3/12/2013 | Larry C Glasscock | Director | Buy | 1,500 | $159.99 | $239,985.00 | |
(Data available from 1/1/2013 forward)
Headline Trends for Simon Property Group (NYSE:SPG)
Latest Headlines for Simon Property Group (NYSE:SPG)
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Simon Property Group (SPG) Chart for Sunday, October, 22, 2017
