NYSE:SPG Simon Property Group (SPG) Stock Price, News & Analysis → $16T Crypto Plot From Elon Musk (From Crypto 101 Media) (Ad) Free SPG Stock Alerts $148.85 -3.02 (-1.99%) (As of 06/14/2024 ET) Add Compare Share Share Today's Range$148.29▼$151.8450-Day Range$140.18▼$153.7852-Week Range$102.11▼$157.82Volume1.30 million shsAverage Volume1.47 million shsMarket Capitalization$48.52 billionP/E Ratio18.96Dividend Yield5.37%Price Target$147.60 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends Get Simon Property Group alerts: Email Address Simon Property Group MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside0.8% Downside$147.60 Price TargetShort InterestHealthy1.35% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-3.10Upright™ Environmental ScoreNews Sentiment0.98Based on 14 Articles This WeekInsider TradingAcquiring Shares$24,054 Bought Last QuarterProj. Earnings Growth-3.43%From $12.84 to $12.40 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.3.56 out of 5 starsFinance Sector425th out of 868 stocksReal Estate Investment Trusts Industry78th out of 175 stocks 1.3 Analyst's Opinion Consensus RatingSimon Property Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 5 buy ratings, 5 hold ratings, and no sell ratings.Amount of Analyst CoverageSimon Property Group has only been the subject of 3 research reports in the past 90 days.Read more about Simon Property Group's stock forecast and price target. Previous Next 4.0 Short Interest Percentage of Shares Shorted1.35% of the float of Simon Property Group has been sold short.Short Interest Ratio / Days to CoverSimon Property Group has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Simon Property Group has recently decreased by 1.36%, indicating that investor sentiment is improving. Previous Next 2.5 Dividend Strength Dividend LeadershipSimon Property Group is a leading dividend payer. It pays a dividend yield of 5.22%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthSimon Property Group does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Simon Property Group is 101.91%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, Simon Property Group will have a dividend payout ratio of 64.52% next year. This indicates that Simon Property Group will be able to sustain or increase its dividend.Read more about Simon Property Group's dividend. Previous Next 1.9 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreSimon Property Group has received a -3.72% net impact score from Upright. The largest negative impact of Simon Property in category "GHG emissions" seems to be driven mostly by its "Parking lot services", "Real estate funds investing in office buildings", and "Real estate funds investing in shopping centers" products. See details.Environmental SustainabilityThe Environmental Impact score for Simon Property Group is -3.10. Previous Next 3.3 News and Social Media Coverage News SentimentSimon Property Group has a news sentiment score of 0.98. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.86 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 14 news articles for Simon Property Group this week, compared to 9 articles on an average week.Search InterestOnly 26 people have searched for SPG on MarketBeat in the last 30 days. This is a decrease of -24% compared to the previous 30 days.MarketBeat Follows13 people have added Simon Property Group to their MarketBeat watchlist in the last 30 days. This is an increase of 8% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Simon Property Group insiders have bought more of their company's stock than they have sold. Specifically, they have bought $24,054.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 8.50% of the stock of Simon Property Group is held by insiders.Percentage Held by Institutions93.01% of the stock of Simon Property Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Simon Property Group's insider trading history. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Simon Property Group are expected to decrease by -3.43% in the coming year, from $12.84 to $12.40 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Simon Property Group is 18.96, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 140.39.Price to Earnings Ratio vs. SectorThe P/E ratio of Simon Property Group is 18.96, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 58.55.Price to Earnings Growth RatioSimon Property Group has a PEG Ratio of 9.11. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioSimon Property Group has a P/B Ratio of 14.80. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.Read more about Simon Property Group's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Crypto 101 Media$16T Crypto Plot From Elon MuskReports of a leaked meeting between Elon Musk and staff at X.com could send shockwaves through the crypto market. Musk revealed a "mind-blowing" plan to take over the global payment system. In his own words, the world's richest man said "you won't need a bank account." Prominent voices in crypto believe what comes next will mirror a crypto mass adoption similar to the one that triggered bitcoin's last bull run.Click here now to get your copy. About Simon Property Group Stock (NYSE:SPG)Simon is a real estate investment trust engaged 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.Read More SPG Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart SPG Stock News HeadlinesJune 14 at 2:30 PM | prnewswire.comPHOENIX - New Joint Venture Led by WHP Global - Receives Court Approval to Acquire Operations of Express Retail CompanyJune 12 at 7:00 AM | seekingalpha.comSimon Property Group: Simon Says, No Bargains TodayJune 11 at 10:02 AM | americanbankingnews.comSimon Property Group (NYSE:SPG) PT Raised to $168.00June 11 at 2:16 AM | americanbankingnews.comAnalyzing Simon Property Group (NYSE:SPG) & Summit Industrial Income REIT (OTCMKTS:SMMCF)June 7, 2024 | seekingalpha.comSimon Property Group Can Go Higher After Increased Dividend And 2024 GuidanceJune 7, 2024 | seekingalpha.comSimon Property Group: Still Undervalued With Well-Covered DividendJune 5, 2024 | americanbankingnews.comSimon Property Group, Inc. (NYSE:SPG) Announces Quarterly Dividend of $2.00June 5, 2024 | fool.com2 Dividend Stocks Yielding Over 5% I'd Buy Right NowMay 29, 2024 | finance.yahoo.comShopping Mall Giant Attracts Buyers As Company Raises Guidance, DividendMay 27, 2024 | seekingalpha.comMall ManiaMay 23, 2024 | finance.yahoo.com4 REITs With Recent Price Target IncreasesMay 21, 2024 | markets.businessinsider.comSimon Property Announces a Revamp of Fashion ValleyMay 20, 2024 | finance.yahoo.comSIMON® ANNOUNCES NEW LUXURY LIFESTYLE MIXED-USE DEVELOPMENT AT FASHION VALLEY, SAN DIEGO'S TOP SHOPPING DESTINATIONMay 20, 2024 | prnewswire.comSIMON® ANNOUNCES NEW LUXURY LIFESTYLE MIXED-USE DEVELOPMENT AT FASHION VALLEY, SAN DIEGO'S TOP SHOPPING DESTINATIONMay 17, 2024 | fool.com3 Stocks That Have Doubled My Money Already but Still Look Like Dirt Cheap BargainsMay 16, 2024 | markets.businessinsider.comA Closer Look at 5 Analyst Recommendations For Simon Property GroupMay 16, 2024 | prnewswire.comSimon® Reinvesting in Houston's The Galleria™, One of the Most Iconic, Luxurious Shopping Centers in the U.S.May 13, 2024 | finance.yahoo.comThese Top Retail REITs Yield Up to 5.4% and Have Been Growing Their DividendsMay 13, 2024 | investorplace.com3 Cheap REITs to Buy Now: May 2024May 13, 2024 | investorplace.comShock Economic Slowdown: 3 Stocks to Sell NOW as Residual Seasonality Upends ForecastsMay 10, 2024 | seekingalpha.comSimon Property Group: Still A Buy For Long-Term Dividend Growth InvestorsMay 10, 2024 | markets.businessinsider.comAnalysts Conflicted on These Real Estate Names: Simon Property (SPG) and HASI (HASI)May 9, 2024 | finance.yahoo.comDecoding Simon Property Group Inc (SPG): A Strategic SWOT InsightMay 7, 2024 | markets.businessinsider.comAnalysts Offer Insights on Real Estate Companies: Apple Hospitality REIT (APLE), Simon Property (SPG) and Vornado Realty (VNO)May 7, 2024 | seekingalpha.comSimon Property Group Q1 Results: A 'Hold' Due To Its Premium ValuationSee More Headlines Receive SPG Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Simon Property Group and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Ex-Dividend for 3/29 Dividend3/07/2024Dividend Payable3/29/2024Last Earnings5/06/2024Ex-Dividend for 6/28 Dividend6/07/2024Today6/14/2024Dividend Payable6/28/2024Next Earnings (Estimated)8/07/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorFinance Industry Real estate investment trusts Sub-IndustryRetail REITs Current SymbolNYSE:SPG CUSIP82880610 CIK1063761 Webwww.simon.com Phone(317) 636-1600Fax317-685-7222Employees3,000Year Founded1993Price Target and Rating Average Stock Price Target$147.60 High Stock Price Target$172.00 Low Stock Price Target$124.00 Potential Upside/Downside-0.9%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage10 Analysts Profitability EPS (Most Recent Fiscal Year)$7.85 Trailing P/E Ratio18.98 Forward P/E Ratio11.61 P/E Growth9.11Net Income$2.28 billion Net Margins46.49% Pretax Margin47.85% Return on Equity78.50% Return on Assets7.99% Debt Debt-to-Equity Ratio7.20 Current Ratio2.19 Quick Ratio2.19 Sales & Book Value Annual Sales$5.66 billion Price / Sales8.58 Cash Flow$11.21 per share Price / Cash Flow13.29 Book Value$10.06 per share Price / Book14.81Miscellaneous Outstanding Shares325,940,000Free Float298,239,000Market Cap$48.57 billion OptionableOptionable Beta1.71 Social Links 7 Energy Stocks to Buy and Hold ForeverDo you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.Get This Free Report Key ExecutivesMr. David E. Simon (Age 62)Chairman, CEO & President Comp: $5.56MMr. Brian J. McDade (Age 45)Executive VP & CFO Comp: $1.56MMr. Adam J. Reuille (Age 49)Senior VP & Chief Accounting Officer Comp: $686.98kMr. John Rulli (Age 68)Chief Administrative Officer Comp: $1.59MMr. Steven E. Fivel (Age 63)General Counsel & Secretary Comp: $1.59MMr. Steven K. Broadwater (Age 57)Senior Vice President of Financial Reporting & Operations Mr. Stanley Shashoua (Age 53)Chief Investment Officer Joseph W. ChiappettaSenior VP of Business Solutions & Chief Technology OfficerMr. Thomas Ward (Age 55)Senior Vice President of Investor Relations Lee SterlingChief Marketing OfficerMore ExecutivesKey CompetitorsRealty IncomeNYSE:OKimco RealtyNYSE:KIMFederal Realty Investment TrustNYSE:FRTNNN REITNYSE:NNNAgree RealtyNYSE:ADCView All CompetitorsInsiders & InstitutionsLasalle Investment Management Securities LLCSold 76,979 shares on 6/14/2024Ownership: 0.146%DekaBank Deutsche GirozentraleBought 2,205 shares on 6/4/2024Ownership: 0.078%Soltis Investment Advisors LLCSold 18,767 shares on 5/29/2024Ownership: 0.007%Pathway Financial Advisers LLCBought 182 shares on 5/29/2024Ownership: 0.000%Teachers Retirement System of The State of KentuckySold 1,500 shares on 5/28/2024Ownership: 0.008%View All Insider TransactionsView All Institutional Transactions Should I Buy Simon Property Group Stock? SPG Pros and Cons Explained Pros Here are some ways that investors could benefit from investing in Simon Property Group, Inc.: Simon Property Group has declared a share buyback program, indicating that the company's board believes its stock is undervalued. This can potentially lead to an increase in stock value as the company buys back shares from the market. The company has increased its quarterly dividend, providing investors with a steady income stream. The dividend yield of 5.41% is attractive for income-oriented investors. Several equity research analysts have given Simon Property Group a buy rating, with an average target price of $141.40, suggesting potential for stock price appreciation. Simon Property Group is an S&P 100 company, indicating its strong position in the market and potential for stability and growth. With properties across North America, Europe, and Asia generating billions in annual sales, Simon Property Group offers geographic diversification and revenue stability. Cons Investors should be bearish about investing in Simon Property Group, Inc. for these reasons: The dividend payout ratio of 111.75% indicates that the company is paying out more in dividends than it is earning, which may not be sustainable in the long term. Despite the buyback program, the stock price may still be influenced by market conditions and industry trends, leading to potential volatility in stock value. While the company's properties generate significant sales, the retail sector faces challenges from e-commerce and changing consumer preferences, impacting future growth prospects. Recent target price increases by analysts may already be factored into the stock price, limiting potential short-term gains for investors. Investing in real estate investment trusts (REITs) like Simon Property Group carries inherent risks related to interest rate changes, economic downturns, and property market fluctuations. These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, June 3, 2024. Please send any questions or comments about these Simon Property Group pros and cons to contact@marketbeat.com. SPG Stock Analysis - Frequently Asked Questions Should I buy or sell Simon Property Group stock right now? 10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Simon Property Group in the last twelve months. There are currently 5 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" SPG shares. View SPG analyst ratings or view top-rated stocks. What is Simon Property Group's stock price target for 2024? 10 brokers have issued 1-year price objectives for Simon Property Group's stock. Their SPG share price targets range from $124.00 to $172.00. On average, they predict the company's stock price to reach $147.60 in the next twelve months. This suggests that the stock has a possible downside of 0.8%. View analysts price targets for SPG or view top-rated stocks among Wall Street analysts. How have SPG shares performed in 2024? Simon Property Group's stock was trading at $142.64 at the beginning of 2024. Since then, SPG stock has increased by 4.4% and is now trading at $148.85. View the best growth stocks for 2024 here. When is Simon Property Group's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 7th 2024. View our SPG earnings forecast. How were Simon Property Group's earnings last quarter? Simon Property Group, Inc. (NYSE:SPG) issued 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 net margin of 46.49% and a trailing twelve-month return on equity of 78.50%. The firm's revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter last year, the company earned $2.74 earnings per share. 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 declared a quarterly dividend on Monday, May 6th. Shareholders of record on Friday, June 7th will be given a dividend of $2.00 per share on Friday, June 28th. This represents a $8.00 annualized dividend and a yield of 5.37%. 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. Is Simon Property Group a good dividend stock? Simon Property Group (NYSE:SPG) pays an annual dividend of $8.00 per share and currently has a dividend yield of 5.22%. SPG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 101.91%. 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 64.52% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for SPG. What ETFs hold Simon Property Group's stock? ETFs with the largest weight of Simon Property Group (NYSE:SPG) stock in their portfolio include iShares US Credit Bond ETF (CRED), FlexShares Global Quality Real Estate Index Fund (GQRE), iShares Cohen & Steers REIT ETF (ICF), Real Estate Select Sector SPDR Fund (XLRE), ALPS Active REIT ETF (REIT), SPDR Dow Jones REIT ETF (RWR), IQ CBRE Real Assets ETF (IQRA) and Invesco Active U.S. Real Estate ETF (PSR). How will Simon Property Group's stock buyback program work? Simon Property Group declared that its Board of Directors has initiated a share repurchase plan on Thursday, February 8th 2024, which authorizes the company to buyback $2,000,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 4.2% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its shares are undervalued. What guidance has Simon Property Group issued on next quarter's earnings? 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 EPS estimate of 12.080. 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). 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 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/. 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NYSE:SPG) was last updated on 6/14/2024 by MarketBeat.com Staff From Our PartnersHurry! Buy this stock before the Robinhood traders do!Robinhood traders have piled $78 billion into this market... Driving tiny tech stock gains of 3,000%, 8,942...Traders Agency | SponsoredTiny, One-Half Inch Pellet the Key to INFINITE Energy?It’s a tiny, $1 billion company that holds the key to this power. And yet, it’s the largest company of its ...Eagle Publishing | SponsoredCollect 10%+ Dividends from AI's Explosive Growth?What if I told you there was a way to collect double-digit income from the AI revolution... 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