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NYSE:SPGSimon Property Group Stock Price, Forecast & News

$58.01
+3.42 (+6.26 %)
(As of 05/26/2020 12:22 PM ET)
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Compare
Today's Range
$56.93
Now: $58.01
$58.35
50-Day Range
$46.72
MA: $57.56
$68.80
52-Week Range
$42.25
Now: $58.01
$172.44
Volume378,817 shs
Average Volume8.93 million shs
Market Capitalization$18.59 billion
P/E Ratio8.98
Dividend Yield15.39%
Beta1.39
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$11.60 per share
Book Value$8.95 per share

Profitability

Net Income$2.10 billion

Miscellaneous

Employees4,500
Market Cap$18.59 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 COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, SPG stock has decreased by 42.8% and is now trading at $58.04. 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) released its quarterly earnings results on Monday, May, 11th. The real estate investment trust reported $1.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $2.90 by $1.47. The real estate investment trust had revenue of $1.35 billion for the quarter, compared to analysts' expectations 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 quarterly revenue was down 6.9% on a year-over-year basis. During the same period last year, the business earned $1.78 EPS. 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 announced a quarterly dividend on Tuesday, February 4th. Investors of record on Friday, February 14th will be paid a dividend of $2.10 per share on Friday, February 28th. This represents a $8.40 annualized dividend and a yield of 14.47%. The ex-dividend date is Thursday, February 13th. View Simon Property Group's dividend history.

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

Simon Property Group announced that its board has approved 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 purchase up to 3.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company's management believes its shares are undervalued.

What price target have analysts set for SPG?

14 brokerages have issued 1-year price targets for Simon Property Group's stock. Their forecasts range from $49.00 to $218.00. On average, they anticipate Simon Property Group's stock price to reach $107.86 in the next year. This suggests a possible upside of 85.8% 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 somewhat negative on Tuesday, according to InfoTrie Sentiment Analysis. The research firm ranks the sentiment of press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Simon Property Group earned a coverage optimism score of -1.4 on InfoTrie's scale. They also assigned press coverage 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 term. View the latest news aboutSimon Property Group.

Are investors shorting Simon Property Group?

Simon Property Group saw a increase in short interest in 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 presently 3.1 days. Approximately 6.6% of the shares of the stock 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 variety of institutional and retail 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, PGGM Investments, and Fort Washington Investment Advisors Inc. OH. View insider buying and selling activity for Simon Property Group.

Which institutional investors are buying Simon Property Group stock?

SPG stock was purchased 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 $58.04.

How big of a company is Simon Property Group?

Simon Property Group has a market capitalization of $18.60 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 5/26/2020 by MarketBeat.com Staff

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