NYSE:SPGSimon Property Group Stock Price, Forecast & News

Simon Property Group's stock was trading at $101.50 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, SPG shares have decreased by 39.0% and is now trading at $61.94. View which stocks have been most impacted by Coronavirus.

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Simon Property Group in the last year. There are currently 1 sell rating, 10 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Simon Property Group.

Simon Property Group is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for Simon Property Group.

Simon Property Group Inc (NYSE:SPG) issued its quarterly earnings data on Monday, May, 11th. The real estate investment trust reported $1.43 EPS for the quarter, missing the Zacks' consensus estimate of $2.90 by $1.47. The real estate investment trust earned $1.35 billion during the quarter, compared to the consensus estimate of $1.33 billion. Simon Property Group had a return on equity of 68.08% and a net margin of 35.20%. The firm's revenue was down 6.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.78 earnings per share. View Simon Property Group's earnings history.

Simon Property Group declared a quarterly dividend on Monday, June 29th. Investors of record on Friday, July 10th will be given a dividend of $1.30 per share on Friday, July 24th. This represents a $5.20 annualized dividend and a yield of 8.40%. The ex-dividend date is Thursday, July 9th. View Simon Property Group's dividend history.

Simon Property Group declared that its board has approved 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 buy up to 3.4% of its stock through open market purchases. Stock buyback plans are often an indication that the company's management believes its shares are undervalued.

16 equities research analysts have issued 1 year price objectives for Simon Property Group's stock. Their forecasts range from $49.00 to $218.00. On average, they expect Simon Property Group's stock price to reach $98.50 in the next year. This suggests a possible upside of 59.0% from the stock's current price. View analysts' price targets for Simon Property Group.

News articles about SPG stock have been trending somewhat negative recently, InfoTrie reports. The research group identifies negative and positive news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Simon Property Group earned a news sentiment score of -1.5 on InfoTrie's scale. They also assigned media coverage about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View the latest news about Simon Property Group.

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

Based on aggregate information from My MarketBeat watchlists, some companies that other Simon Property Group investors own include AT&T (T), AbbVie (ABBV), Walt Disney (DIS), Exxon Mobil (XOM), Verizon Communications (VZ), Johnson & Johnson (JNJ), JPMorgan Chase & Co. (JPM), Boeing (BA), Cisco Systems (CSCO) and Intel (INTC).

Simon Property Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "SPG."

Simon Property Group's stock is owned by many different institutional and retail investors. Top institutional shareholders include Factory Mutual Insurance Co. (0.08%), State of Alaska Department of Revenue (0.04%), Envestnet Asset Management Inc. (0.03%), Mount Yale Investment Advisors LLC (0.02%), Cullinan Associates Inc. (0.02%) and Pensionfund Sabic (0.01%). Company insiders that own Simon Property Group stock include David Simon, Glyn Aeppel, Herbert Simon, John Rulli, Larry C Glasscock and Reuben S Leibowitz. View institutional ownership trends for Simon Property Group.

SPG stock was sold by a variety of institutional investors in the last quarter, including Factory Mutual Insurance Co., Envestnet Asset Management Inc., IFM Investors Pty Ltd, Loudon Investment Management LLC, Spirit of America Management Corp NY, Gofen & Glossberg LLC IL, CENTRAL TRUST Co, and Truehand Inc. View insider buying and selling activity for Simon Property Group.

SPG stock was bought by a variety of institutional investors in the last quarter, including Mount Yale Investment Advisors LLC, Cullinan Associates Inc., NuWave Investment Management LLC, Icon Wealth Partners LLC, Alpha Cubed Investments LLC, Carnegie Capital Asset Management LLC, DNB Asset Management AS, and Pensionfund Sabic. Company insiders that have bought Simon Property Group stock in the last two years include David Simon, Glyn Aeppel, Herbert Simon, Larry C Glasscock, and Reuben S Leibowitz. View insider buying and selling activity 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 $61.94.

Simon Property Group has a market capitalization of $19.85 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 4,500 workers across the globe.

The official website for Simon Property Group is 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]