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

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Simon Property Group in the last twelve months. There are currently 5 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities 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.
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9 brokerages have issued twelve-month target prices for Simon Property Group's stock. Their SPG share price targets range from $124.00 to $172.00. On average, they anticipate the company's stock price to reach $145.33 in the next year. This suggests that the stock has a possible downside of 3.9%.
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Simon Property Group's stock was trading at $142.64 on January 1st, 2024. Since then, SPG stock has increased by 6.1% and is now trading at $151.31.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 7th 2024.
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Simon Property Group, Inc. (NYSE:SPG) posted its quarterly earnings results on Monday, May, 6th. The real estate investment trust reported $2.25 EPS for the quarter, missing analysts' consensus estimates of $2.80 by $0.55. The real estate investment trust had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.31 billion. Simon Property Group had a trailing twelve-month return on equity of 78.50% and a net margin of 46.49%. Simon Property Group's quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the business earned $2.74 EPS.
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Simon Property Group announced a quarterly dividend on Monday, May 6th. Investors of record on Friday, June 7th will be paid a dividend of $2.00 per share on Friday, June 28th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 5.29%. The ex-dividend date is Friday, June 7th. This is a boost from the stock's previous quarterly dividend of $1.95.
Read our dividend analysis for SPG.

Simon Property Group (NYSE:SPG) pays an annual dividend of $7.80 per share and currently has a dividend yield of 5.25%. 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 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 99.36%. 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 62.85% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SPG.

ETFs with the largest weight of Simon Property Group (NYSE:SPG) stock in their portfolio include iShares US Credit Bond ETF (CRED), iShares Cohen & Steers REIT ETF (ICF), FlexShares Global Quality Real Estate Index Fund (GQRE), ALPS Active REIT ETF (REIT), Real Estate Select Sector SPDR Fund (XLRE), Invesco Active U.S. Real Estate ETF (PSR), SPDR Dow Jones REIT ETF (RWR) and First Trust S&P REIT Index Fund (FRI).

Simon Property Group announced that its board has initiated a stock repurchase plan on Thursday, February 8th 2024, which permits the company to buyback $2,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to buy up to 4.2% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's management believes its shares are undervalued.

Simon Property Group issued an update on its FY 2024 earnings guidance on Monday, May, 6th. The company provided earnings per share (EPS) guidance of 12.750-12.900 for the period, compared to the consensus earnings per share estimate of 12.080. The company issued revenue guidance of -.

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.

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).

Simon Property Group's stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (14.23%), Price T Rowe Associates Inc. MD (1.36%), Daiwa Securities Group Inc. (1.29%), Bank of New York Mellon Corp (0.78%), Boston Partners (0.71%) and Centersquare Investment Management LLC (0.56%). Insiders that own company stock include Brian J Mcdade, Karen N Horn, Marta R Stewart, Peggy Fang Roe, Reuben S Leibowitz and Simon Property Group Inc /De/.
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Shares of SPG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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