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NYSE:SPG

Simon Property Group - SPG Stock Forecast, Price & News

$111.01
-2.32 (-2.05%)
(As of 08/19/2022 12:00 AM ET)
Add
Compare
Today's Range
$110.26
$112.86
50-Day Range
$94.00
$115.85
52-Week Range
$93.06
$171.12
Volume
1.45 million shs
Average Volume
2.11 million shs
Market Capitalization
$38.07 billion
P/E Ratio
17.32
Dividend Yield
6.00%
Price Target
$144.73

Simon Property Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.57 Rating Score
Upside/​Downside
30.4% Upside
$144.73 Price Target
Short Interest
Healthy
1.97% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.10
Upright™ Environmental Score
News Sentiment
0.10mentions of Simon Property Group in the last 14 days
Based on 16 Articles This Week
Insider Trading
Acquiring Shares
$3,190 Bought Last Quarter
Proj. Earnings Growth
4.53%
From $11.69 to $12.22 Per Share

Overall MarketRank

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

3.22 out of 5 stars

Finance Sector

34th out of 896 stocks

Real Estate Investment Trusts Industry

4th out of 194 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.

Simon Property Group Price Performance

Shares of NYSE:SPG opened at $113.33 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 7.13. The stock has a market capitalization of $38.86 billion, a PE ratio of 17.68, a PEG ratio of 2.15 and a beta of 1.49. The firm has a 50 day moving average of $102.10 and a 200-day moving average of $118.81. Simon Property Group has a 12 month low of $93.06 and a 12 month high of $171.12.

Simon Property Group (NYSE:SPG - Get Rating) last released its earnings results on Monday, August 1st. The real estate investment trust reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.08. Simon Property Group had a return on equity of 56.93% and a net margin of 40.59%. The firm had revenue of $1.28 billion during the quarter, compared to analysts' expectations of $1.25 billion. During the same period in the prior year, the company earned $2.92 earnings per share. The company's quarterly revenue was up 2.0% on a year-over-year basis. On average, equities research analysts predict that Simon Property Group will post 11.72 EPS for the current fiscal year.

Simon Property Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 9th will be given a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a yield of 6.18%. This is a boost from Simon Property Group's previous quarterly dividend of $1.70. The ex-dividend date of this dividend is Thursday, September 8th. Simon Property Group's dividend payout ratio is currently 106.08%.

Wall Street Analysts Forecast Growth

SPG has been the subject of several research reports. Mizuho cut their price target on Simon Property Group from $158.00 to $115.00 and set a "neutral" rating for the company in a report on Wednesday, August 3rd. Jefferies Financial Group downgraded shares of Simon Property Group from a "buy" rating to a "hold" rating and reduced their target price for the stock from $160.00 to $100.00 in a report on Thursday, June 30th. Compass Point lowered their price target on shares of Simon Property Group from $200.00 to $160.00 and set a "buy" rating on the stock in a report on Wednesday, June 22nd. Truist Financial reduced their price objective on Simon Property Group from $130.00 to $125.00 and set a "hold" rating for the company in a report on Monday. Finally, Morgan Stanley decreased their target price on Simon Property Group from $145.00 to $133.00 and set an "overweight" rating on the stock in a research report on Friday, July 15th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Simon Property Group currently has an average rating of "Moderate Buy" and a consensus target price of $144.73.

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SPG Stock News Headlines

This High Yield Stock Is Ridiculously Cheap
3 Important Takeaways From Simon Property Group's Q2
Simon Property Group (NYSE:SPG) Price Target Cut to $125.00
Simon® Announces Promotions
Caribbean Moonshine plans Orlando craft distillery
Simon Property Group Revises FY22 Outlook
Simon Property (SPG) Q2 FFO Beat Estimates
See More Headlines
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SPG Company Calendar

Ex-Dividend for 6/30 Dividend
6/08/2022
Dividend Payable
6/30/2022
Last Earnings
8/01/2022
Today
8/19/2022
Ex-Dividend for 9/30 Dividend
9/08/2022
Dividend Payable
9/30/2022
Next Earnings (Estimated)
11/07/2022
Fiscal Year End
12/31/2022

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
$144.73
High Stock Price Forecast
$180.00
Low Stock Price Forecast
$100.00
Forecasted Upside/Downside
+30.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57
Research Coverage
14 Analysts

Profitability

Net Income
$2.25 billion
Pretax Margin
35.76%

Debt

Sales & Book Value

Annual Sales
$5.12 billion
Cash Flow
$10.26 per share
Book Value
$10.18 per share

Miscellaneous

Free Float
313,765,000
Market Cap
$38.07 billion
Optionable
Optionable
Beta
1.49

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 & Treasurer
    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?

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Simon Property Group in the last twelve months. There are currently 6 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" SPG shares.
View SPG analyst ratings
or view top-rated stocks.

What is Simon Property Group's stock price forecast for 2022?

14 Wall Street research analysts have issued twelve-month target prices for Simon Property Group's shares. Their SPG share price forecasts range from $100.00 to $180.00. On average, they expect the company's share price to reach $144.73 in the next twelve months. This suggests a possible upside of 30.4% 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 at the beginning of the year. Since then, SPG shares have decreased by 30.5% and is now trading at $111.01.
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, November 7th 2022.
View our SPG earnings forecast
.

How were Simon Property Group's earnings last quarter?

Simon Property Group, Inc. (NYSE:SPG) released its quarterly earnings data on Monday, August, 1st. The real estate investment trust reported $1.51 earnings per share 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 the consensus estimate of $1.25 billion. Simon Property Group had a net margin of 40.59% and a trailing twelve-month return on equity of 56.93%. The firm's quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the firm posted $2.92 EPS.
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 announced a quarterly dividend on Monday, August 1st. Shareholders of record on Friday, September 9th will be paid a dividend of $1.75 per share on Friday, September 30th. This represents a $7.00 annualized dividend and a yield of 6.31%. The ex-dividend date is Thursday, September 8th. This is a positive change from the stock's previous quarterly dividend of $1.70.
Read our dividend analysis for SPG
.

Is Simon Property Group a good dividend stock?

Simon Property Group (NYSE:SPG) pays an annual dividend of $6.80 per share and currently has a dividend yield of 6.00%. 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 106.08%. 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 55.65% 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 Monday, August, 8th. The company provided earnings per share (EPS) guidance of $11.70-$11.77 for the period. 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 State Street Corp (6.63%), FMR LLC (1.73%), Northern Trust Corp (1.45%), JPMorgan Chase & Co. (1.15%), Price T Rowe Associates Inc. MD (0.76%) and UBS Asset Management Americas Inc. (0.72%). 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 $111.01.

How much money does Simon Property Group make?

Simon Property Group (NYSE:SPG) has a market capitalization of $38.07 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 $6.41 on an earnings per share basis.

How many employees does Simon Property Group have?

The company employs 3,300 workers across the globe.

When was Simon Property Group founded?

Simon Property Group was founded in 1993.

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 8/19/2022 by MarketBeat.com Staff

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