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NYSE:SPGSimon Property Group Stock Price, Forecast & News

$63.45
+1.85 (+3.00 %)
(As of 06/2/2020 04:00 PM ET)
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Compare
Today's Range
$62.44
Now: $63.45
$64.49
50-Day Range
$51.17
MA: $57.48
$68.80
52-Week Range
$42.25
Now: $63.45
$168.51
Volume7.79 million shs
Average Volume5.69 million shs
Market Capitalization$20.33 billion
P/E Ratio9.82
Dividend Yield13.64%
Beta1.33
Simon is a global leader 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.
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Simon Property Group logo

Beat the Market (BTM) Rank

Analyst Opinion: 4.1Community Rank: 3.2Dividend Strength: 5.0Insider Behavior: 4.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

3.64 out of 5 stars


Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryRetail REITs
SectorFinance
CUSIP82880610
Phone317-636-1600

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$5.76 billion
Cash Flow$11.99 per share
Book Value$8.95 per share

Profitability

Net Income$2.10 billion

Miscellaneous

Employees4,500
Market Cap$20.33 billion
Next Earnings Date7/29/2020 (Estimated)
OptionableOptionable

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Simon Property Group (NYSE:SPG) Frequently Asked Questions

How has Simon Property Group's stock been impacted by COVID-19 (Coronavirus)?

Simon Property Group's stock was trading at $101.50 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, SPG stock has decreased by 37.5% and is now trading at $63.45. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Simon Property Group?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Simon Property Group in the last year. There are currently 1 sell rating, 9 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Simon Property Group.

When is Simon Property Group's next earnings date?

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.

How were Simon Property Group's earnings last quarter?

Simon Property Group Inc (NYSE:SPG) announced its quarterly earnings results on Monday, May, 11th. The real estate investment trust reported $1.43 EPS for the quarter, missing the 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 business's revenue for the quarter was down 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.78 earnings per share. View Simon Property Group's earnings history.

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, February 4th. Investors of record on Friday, February 14th will be given a dividend of $2.10 per share on Friday, February 28th. This represents a $8.40 annualized dividend and a yield of 13.24%. The ex-dividend date of this dividend is Thursday, February 13th. View Simon Property Group's dividend history.

How will Simon Property Group's stock buyback program work?

Simon Property Group declared that its Board of Directors has authorized a share repurchase 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 usually an indication that the company's leadership believes its stock is undervalued.

What price target have analysts set for SPG?

14 Wall Street analysts have issued 12 month target prices for Simon Property Group's shares. Their forecasts range from $49.00 to $218.00. On average, they anticipate Simon Property Group's share price to reach $107.86 in the next year. This suggests a possible upside of 70.0% from the stock's current price. View analysts' price targets for Simon Property Group.

Has Simon Property Group been receiving favorable news coverage?

Media coverage about SPG stock has trended very negative recently, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of press coverage by reviewing more than six thousand blog and news sources in real-time. 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 media sentiment score of -3.5 on InfoTrie's scale. They also gave news stories about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near future. View the latest news aboutSimon Property Group.

Are investors shorting Simon Property Group?

Simon Property Group saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 20,000,000 shares, an increase of 20.2% from the April 30th total of 16,640,000 shares. Based on an average daily trading volume, of 6,380,000 shares, the short-interest ratio is currently 3.1 days. Currently, 6.6% of the company's shares are sold short. View Simon Property Group's Current Options Chain.

Who are some of Simon Property Group's key competitors?

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), Walt Disney (DIS), Exxon Mobil (XOM), Verizon Communications (VZ), Johnson & Johnson (JNJ), JPMorgan Chase & Co. (JPM), Boeing (BA), Cisco Systems (CSCO) and Intel (INTC).

Who are Simon Property Group's key executives?

Simon Property Group's management team includes the following people:
  • Mr. David E. Simon, Chairman, CEO & Pres (Age 57)
  • Mr. Brian J. McDade, Exec. VP, CFO & Treasurer (Age 40)
  • Mr. John Rulli, Chief Admin. Officer & Pres of Malls (Age 63)
  • Mr. Steven E. Fivel, Gen. Counsel & Sec. (Age 58)
  • Mr. Larry Clayborn Glasscock, Lead Independent Director (Age 71)

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 retail and institutional investors. Top institutional investors include BlackRock Inc. (9.21%), Capital World Investors (8.03%), State Street Corp (6.33%), Cohen & Steers Inc. (5.03%), APG Asset Management US Inc. (2.00%) and Geode Capital Management LLC (1.99%). Company insiders that own Simon Property Group stock include David Simon, Glyn Aeppel, Herbert Simon, John Rulli, Larry C Glasscock, Reuben S Leibowitz and Steven K Broadwater. View institutional ownership trends for Simon Property Group.

Which institutional investors are selling Simon Property Group stock?

SPG stock was sold by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Capital Research Global Investors, Nuveen Asset Management LLC, Altshuler Shaham Ltd, BlackRock Inc., California Public Employees Retirement System, Bahl & Gaynor Inc., and PGGM Investments. View insider buying and selling activity for Simon Property Group.

Which institutional investors are buying Simon Property Group stock?

SPG stock was acquired by a variety of institutional investors in the last quarter, including Cohen & Steers Inc., Capital World Investors, State of Michigan Retirement System, Sumitomo Mitsui Trust Holdings Inc., Advisor Group Holdings Inc., APG Asset Management N.V., Prudential PLC, and Two Sigma Advisers LP. 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.

How do I buy shares of 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.

What is Simon Property Group's stock price today?

One share of SPG stock can currently be purchased for approximately $63.45.

How big of a company is Simon Property Group?

Simon Property Group has a market capitalization of $20.33 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.

What is Simon Property Group's official website?

The official website for Simon Property Group is www.simon.com.

How can I contact Simon Property Group?

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]

This page was last updated on 6/2/2020 by MarketBeat.com Staff

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