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Simon Property Group Stock Price, News & Analysis (NYSE:SPG)

$148.89
+0.24 (+0.16 %)
(As of 10/15/2019 04:00 PM ET)
Today's Range
$147.70
Now: $148.89
$149.21
50-Day Range
$146.44
MA: $151.74
$160.71
52-Week Range
$145.28
Now: $148.89
$191.49
Volume892,342 shs
Average Volume1.46 million shs
Market Capitalization$45.86 billion
P/E Ratio12.27
Dividend Yield5.65%
Beta0.54
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.

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$5.66 billion
Cash Flow$11.85 per share
Book Value$11.72 per share

Profitability

Net Income$2.44 billion

Miscellaneous

Employees5,000
Market Cap$45.86 billion
Next Earnings Date10/24/2019 (Estimated)
OptionableOptionable

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Simon Property Group (NYSE:SPG) Frequently Asked Questions

What is Simon Property Group's stock symbol?

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

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 Wednesday, July 31st. Shareholders of record on Friday, August 16th will be given a dividend of $2.10 per share on Friday, August 30th. This represents a $8.40 annualized dividend and a yield of 5.64%. The ex-dividend date of this dividend is Thursday, August 15th. This is an increase from Simon Property Group's previous quarterly dividend of $2.05. 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 stock repurchase program on Tuesday, February 12th 2019, which allows the company to repurchase $2,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to buy up to 3.4% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's board believes its stock is undervalued.

How were Simon Property Group's earnings last quarter?

Simon Property Group Inc (NYSE:SPG) issued its quarterly earnings results on Wednesday, July, 31st. The real estate investment trust reported $2.99 earnings per share for the quarter, topping the consensus estimate of $2.98 by $0.01. The real estate investment trust earned $1.40 billion during the quarter, compared to analyst estimates of $1.39 billion. Simon Property Group had a net margin of 40.48% and a return on equity of 63.49%. Simon Property Group's revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.98 EPS. View Simon Property Group's Earnings History.

When is Simon Property Group's next earnings date?

Simon Property Group is scheduled to release their next quarterly earnings announcement on Thursday, October 24th 2019. View Earnings Estimates for Simon Property Group.

What guidance has Simon Property Group issued on next quarter's earnings?

Simon Property Group issued an update on its FY19 earnings guidance on Wednesday, July, 31st. The company provided earnings per share (EPS) guidance of $12.30-12.40 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $12.39.

What price target have analysts set for SPG?

11 Wall Street analysts have issued twelve-month price targets for Simon Property Group's shares. Their predictions range from $157.00 to $218.00. On average, they expect Simon Property Group's stock price to reach $184.30 in the next year. This suggests a possible upside of 23.8% from the stock's current price. View Analyst Price Targets for Simon Property Group.

What is the consensus analysts' recommendation for Simon Property Group?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Simon Property Group in the last year. There are currently 7 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Simon Property Group.

What are Wall Street analysts saying about Simon Property Group stock?

Here are some recent quotes from research analysts about Simon Property Group stock:
  • 1. Mizuho analysts commented, "We are raising our 1Q19 / 2019 FFO estimates after SPG disclosed (in its recently filed 10-K) $68M of insurance settlement income in 1Q19. The settlement dates back to flood damage sustained at and is yet another example of the multiple Other Income levers SPG has at is disposable, a key risk we recently outlined in our SPG downgrade (to Neutral). Updated model attached." (2/26/2019)
  • 2. According to Zacks Investment Research, "Shares of Simon Property have outperformed its industry over the past three months. Also, the trend in estimate revisions of current-year funds from operations (FFO) per share indicates a favorable outlook for the company. Simon Property recently reported third-quarter 2018 FFO per share of $3.05, which surpassed the Zacks Consensus Estimate. Results highlight increase in base minimum rent per square foot and leasing spread per square foot at its U.S. malls and Premium Outlets. It also raised its outlook for 2018. Notably, Simon Property has a diversified exposure to retail assets in the United States and abroad. It has a strong and improving balance sheet. The company is poised to gain from new development, redevelopment, expansion and acquisition efforts. Nonetheless, the implementation of such measures requires a decent upfront cost and therefore, may limit any robust growth in its near-term profit margins. Rate hike has added to its woes." (10/29/2018)

Has Simon Property Group been receiving favorable news coverage?

Headlines about SPG stock have been trending somewhat negative recently, according to InfoTrie Sentiment. InfoTrie scores the sentiment of press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Simon Property Group earned a news impact score of -1.2 on InfoTrie's scale. They also assigned news headlines about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the near future. View News Stories for Simon Property Group.

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), Verizon Communications (VZ), Tanger Factory Outlet Centers (SKT), Walt Disney (DIS), Exxon Mobil (XOM), Johnson & Johnson (JNJ), NVIDIA (NVDA), Ventas (VTR) and PepsiCo (PEP).

Who are Simon Property Group's key executives?

Simon Property Group's management team includes the folowing 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)

Who are Simon Property Group's major shareholders?

Simon Property Group's stock is owned by a number of of retail and institutional investors. Top institutional investors include Resolution Capital Ltd (0.19%), Cardinal Capital Management Inc. (0.03%), Manning & Napier Group LLC (0.03%), Pennsylvania Trust Co (0.03%), State of Alaska Department of Revenue (0.03%) and Gulf International Bank UK Ltd (0.02%). Company insiders that own Simon Property Group stock include John Rulli and Steven K Broadwater. View Institutional Ownership Trends for Simon Property Group.

Which major investors are selling Simon Property Group stock?

SPG stock was sold by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, Resolution Capital Ltd, YHB Investment Advisors Inc., Gateway Investment Advisers LLC, Wealthfront Advisers LLC, XR Securities LLC, Manning & Napier Group LLC and Spirit of America Management Corp NY. View Insider Buying and Selling for Simon Property Group.

Which major investors are buying Simon Property Group stock?

SPG stock was purchased by a variety of institutional investors in the last quarter, including Pennsylvania Trust Co, Reilly Financial Advisors LLC, Pacer Advisors Inc., Triangle Securities Wealth Management, NuWave Investment Management LLC, Cardinal Capital Management Inc., Cullinan Associates Inc. and RB Capital Management LLC. View Insider Buying and Selling 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 $148.89.

How big of a company is Simon Property Group?

Simon Property Group has a market capitalization of $45.86 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.

What is Simon Property Group's official website?

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


MarketBeat Community Rating for Simon Property Group (NYSE SPG)

Community Ranking:  3.3 out of 5 (star star star)
Outperform Votes:  759 (Vote Outperform)
Underperform Votes:  408 (Vote Underperform)
Total Votes:  1,167
MarketBeat's community ratings are surveys of what our community members think about Simon Property Group and other stocks. Vote "Outperform" if you believe SPG will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SPG will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 10/15/2019 by MarketBeat.com Staff

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