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S&P 500   3,852.36
DOW   32,920.46
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Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
What do Mastercard Earnings Indicate About Consumer Spending?
Europe bans Russian diesel, other oil products over Ukraine
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
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Route to Super Bowl dangerous for Mexico's avocado haulers
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Biden's State of the Union to tout policy wins on economy
Evacuations urged in Ohio town as train wreck smolders
S&P 500   3,852.36
DOW   32,920.46
QQQ   303.47
Is C3.ai Artificial Intelligence Product Suite a Gamechanger?
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
What do Mastercard Earnings Indicate About Consumer Spending?
Europe bans Russian diesel, other oil products over Ukraine
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
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Route to Super Bowl dangerous for Mexico's avocado haulers
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
Biden's State of the Union to tout policy wins on economy
Evacuations urged in Ohio town as train wreck smolders
S&P 500   3,852.36
DOW   32,920.46
QQQ   303.47
Is C3.ai Artificial Intelligence Product Suite a Gamechanger?
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
What do Mastercard Earnings Indicate About Consumer Spending?
Europe bans Russian diesel, other oil products over Ukraine
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
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Route to Super Bowl dangerous for Mexico's avocado haulers
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Evacuations urged in Ohio town as train wreck smolders
NYSE:SPG

Simon Property Group - SPG Stock Forecast, Price & News

$128.50
-1.31 (-1.01%)
(As of 02/6/2023 08:50 AM ET)
Add
Compare
Today's Range
$128.50
$128.50
50-Day Range
$115.06
$131.79
52-Week Range
$86.02
$149.80
Volume
3,359 shs
Average Volume
1.55 million shs
Market Capitalization
$42.01 billion
P/E Ratio
21.45
Dividend Yield
5.55%
Price Target
$130.00

Simon Property Group MarketRank™ Forecast

Analyst Rating
Hold
2.45 Rating Score
Upside/​Downside
1.5% Upside
$130.00 Price Target
Short Interest
Healthy
1.95% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.10
Upright™ Environmental Score
News Sentiment
0.55mentions of Simon Property Group in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
3.77%
From $11.68 to $12.12 Per Share

Overall MarketRank

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

1.95 out of 5 stars

Finance Sector

571st out of 854 stocks

Real Estate Investment Trusts Industry

124th out of 189 stocks

SPG stock logo

About Simon Property Group (NYSE:SPG) Stock

Simon Property Group, Inc. operates as a self-administered and self-managed real estate investment trust. It owns, develops and manages retail real estate properties which primarily consist of regional malls, premium outlets and mills. Simon Property Group specializes in the ownership, development, management, leasing, acquisition and expansion of income-producing retail real estate assets. The company was founded by Fred Simon, Herbert Simon and Melvin Simon in December 1993 and is headquartered in Indianapolis, IN.

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SPG Stock News Headlines

Simon Property Group (SPG) Scheduled to Post Earnings on Monday
Legacy Toys moves from Galleria to Southdale Center
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Key Factors to Impact Simon Property (SPG) in Q4 Earnings
Invicta Selects Clip to Manage Business Deposits
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Simon Property (SPG) Shares Rally 31.6% QTD: Here's Why
Simon Property: Cheaply Valued For The Long Run
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SPG Company Calendar

Last Earnings
8/01/2022
Ex-Dividend for 12/30 Dividend
12/08/2022
Dividend Payable
12/30/2022
Today
2/06/2023
Next Earnings (Confirmed)
2/06/2023
Fiscal Year End
12/31/2023

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
$130.00
High Stock Price Forecast
$165.00
Low Stock Price Forecast
$100.00
Forecasted Upside/Downside
+1.2%
Consensus Rating
Hold
Rating Score (0-4)
2.45
Research Coverage
11 Analysts

Profitability

Net Income
$2.25 billion
Pretax Margin
33.92%

Debt

Sales & Book Value

Annual Sales
$5.12 billion
Cash Flow
$10.32 per share
Book Value
$11.11 per share

Miscellaneous

Free Float
299,163,000
Market Cap
$42.01 billion
Optionable
Optionable
Beta
1.51

Social Links


Key Executives

  • David E. SimonDavid E. Simon
    Chairman, President & Chief Executive Officer
  • Brian J. McDade
    Chief Financial Officer & Executive Vice President
  • Joseph W. Chiappetta
    Chief Technology Officer & Senior Vice President
  • Donald G. Frey
    Treasurer & Executive Vice President
  • Adam J. Reuille
    Chief Accounting Officer & Senior Vice President













SPG Stock - Frequently Asked Questions

Should I buy or sell Simon Property Group stock right now?

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Simon Property Group in the last year. There are currently 6 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" SPG shares. 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 SPG analyst ratings
or view top-rated stocks.

What is Simon Property Group's stock price forecast for 2023?

11 brokerages have issued 12-month price objectives for Simon Property Group's stock. Their SPG share price forecasts range from $100.00 to $165.00. On average, they expect the company's stock price to reach $130.00 in the next twelve months. This suggests a possible upside of 0.1% 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 2023?

Simon Property Group's stock was trading at $117.48 at the beginning of 2023. Since then, SPG shares have increased by 10.5% and is now trading at $129.81.
View the best growth stocks for 2023 here
.

When is Simon Property Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, February 6th 2023.
View our SPG earnings forecast
.

How can I listen to Simon Property Group's earnings call?

Simon Property Group will be holding an earnings conference call on Monday, February 6th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "13735353".

How were Simon Property Group's earnings last quarter?

Simon Property Group, Inc. (NYSE:SPG) posted its quarterly 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. The real estate investment trust had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.25 billion. Simon Property Group had a net margin of 37.74% and a trailing twelve-month return on equity of 54.59%. Simon Property Group's revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter last year, the company earned $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 Tuesday, November 1st. Stockholders of record on Friday, December 9th will be given a dividend of $1.80 per share on Friday, December 30th. This represents a $7.20 annualized dividend and a dividend yield of 5.55%. The ex-dividend date is Thursday, December 8th. This is a positive change from the stock's previous quarterly dividend of $1.75.
Read our dividend analysis for SPG
.

Is Simon Property Group a good dividend stock?

Simon Property Group (NYSE:SPG) pays an annual dividend of $7.20 per share and currently has a dividend yield of 5.46%. 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 120.20%. 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 59.41% 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 issued an update on its FY 2022 earnings guidance on Tuesday, November, 8th. The company provided earnings per share (EPS) guidance of $11.83-$11.88 for the period, compared to the consensus EPS estimate of $11.67. 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 many different institutional and retail investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.58%), Lasalle Investment Management Securities LLC (0.22%), Strs Ohio (0.14%), New York State Teachers Retirement System (0.12%), State of New Jersey Common Pension Fund D (0.12%) and New York State Common Retirement Fund (0.11%). 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 $129.81.

How much money does Simon Property Group make?

Simon Property Group (NYSE:SPG) has a market capitalization of $42.44 billion and generates $5.22 billion in revenue each year. The real estate investment trust earns $2.25 billion in net income (profit) each year or $5.99 on an earnings per share basis.

How many employees does Simon Property Group have?

The company employs 3,300 workers across the globe.

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 2/6/2023 by MarketBeat.com Staff