NYSE:SPG - Simon Property Group Stock Price, Forecast & News

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

Simon Property Group declared a quarterly dividend on Wednesday, October 30th. Shareholders of record on Friday, November 15th will be given a dividend of $2.10 per share on Friday, November 29th. This represents a $8.40 dividend on an annualized basis and a yield of 5.68%. The ex-dividend date is Thursday, November 14th. View Simon Property Group's Dividend History.

Simon Property Group announced that its board has initiated a share buyback program on Tuesday, February 12th 2019, which authorizes the company to buyback $2,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 3.4% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

Simon Property Group Inc (NYSE:SPG) released its quarterly earnings data on Wednesday, October, 30th. The real estate investment trust reported $1.77 EPS for the quarter, missing analysts' consensus estimates of $3.05 by $1.28. The real estate investment trust earned $1.42 billion during the quarter, compared to analyst estimates of $1.40 billion. Simon Property Group had a return on equity of 66.93% and a net margin of 40.23%. The company's quarterly revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the company earned $3.05 EPS. View Simon Property Group's Earnings History.

Simon Property Group is scheduled to release their next quarterly earnings announcement on Friday, February 7th 2020. View Earnings Estimates for Simon Property Group.

Simon Property Group issued an update on its FY19 earnings guidance on Wednesday, October, 30th. The company provided earnings per share guidance of $12.33-12.38 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $12.17.

10 analysts have issued 12-month target prices for Simon Property Group's stock. Their forecasts range from $150.00 to $218.00. On average, they anticipate Simon Property Group's share price to reach $179.44 in the next twelve months. This suggests a possible upside of 21.4% from the stock's current price. View Analyst Price Targets for Simon Property Group.

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Simon Property Group in the last year. There are currently 8 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Simon Property Group.

Media stories about SPG stock have trended negative this week, InfoTrie Sentiment reports. The research firm ranks the sentiment of press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Simon Property Group earned a news impact score of -2.5 on InfoTrie's scale. They also assigned news headlines about the real estate investment trust a news buzz of 2.0 out of 10, meaning that recent press coverage is very unlikely to have an impact on the company's share price in the next few days. View News Stories for Simon Property Group.

Simon Property Group saw a increase in short interest during the month of December. As of December 31st, there was short interest totalling 12,140,000 shares, an increase of 5.7% from the December 15th total of 11,480,000 shares. Based on an average daily volume of 1,520,000 shares, the short-interest ratio is presently 8.0 days. Currently, 4.0% of the shares of the company are short sold. View Simon Property Group's Current Options Chain.

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), Weingarten Realty Investors (WRI), Macerich (MAC), Agree Realty (ADC), Retail Properties of America (RPAI), Acadia Realty Trust (AKR), Retail Opportunity Investments (ROIC), Taubman Centers (TCO), Alexander's (ALX), Kite Realty Group Trust (KRG) and Tanger Factory Outlet Centers (SKT).

Based on aggregate information from My MarketBeat watchlists, some companies that other Simon Property Group investors own include AT&T (T), AbbVie (ABBV), Verizon Communications (VZ), Walt Disney (DIS), Exxon Mobil (XOM), Johnson & Johnson (JNJ), Tanger Factory Outlet Centers (SKT), Ventas (VTR), NVIDIA (NVDA) and Cisco Systems (CSCO).

Simon Property Group's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include PGGM Investments (1.19%), Nisa Investment Advisors LLC (0.06%), State of Alaska Department of Revenue (0.04%), 6 Meridian (0.03%), Cardinal Capital Management Inc. (0.03%) and Meag Munich Ergo Kapitalanlagegesellschaft MBH (0.03%). Company insiders that own Simon Property Group stock include John Rulli and Steven K Broadwater. View Institutional Ownership Trends for Simon Property Group.

SPG stock was sold by a variety of institutional investors in the last quarter, including Meag Munich Ergo Kapitalanlagegesellschaft MBH, Cullinan Associates Inc., Huntington National Bank, Zeke Capital Advisors LLC, IFM Investors Pty Ltd, Calamos Advisors LLC, Alpha Windward LLC and Archford Capital Strategies LLC. View Insider Buying and Selling for Simon Property Group.

SPG stock was bought by a variety of institutional investors in the last quarter, including PGGM Investments, State of Alaska Department of Revenue, Commerzbank Aktiengesellschaft FI, United Services Automobile Association, DNB Asset Management AS, Ingalls & Snyder LLC, Nisa Investment Advisors LLC and Cardinal Capital Management Inc.. View Insider Buying and Selling 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 $147.77.

Simon Property Group has a market capitalization of $47.35 billion and generates $5.66 billion in revenue each year. The real estate investment trust earns $2.44 billion in net income (profit) each year or $12.13 on an earnings per share basis. Simon Property Group employs 5,000 workers across the globe.View Additional Information About Simon Property Group.

The official website for Simon Property Group is http://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]