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NYSE:SPG

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

$155.12
+0.79 (+0.51%)
(As of 01:16 PM ET)
Today's Range
$154.70
$156.45
50-Day Range
$136.79
$155.81
52-Week Range
$100.17
$157.82
Volume
547,864 shs
Average Volume
1.56 million shs
Market Capitalization
$50.55 billion
P/E Ratio
22.22
Dividend Yield
5.03%
Price Target
$140.22

Simon Property Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
10.1% Downside
$140.22 Price Target
Short Interest
Healthy
1.25% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.10
Upright™ Environmental Score
News Sentiment
0.88mentions of Simon Property Group in the last 14 days
Based on 10 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
3.32%
From $12.06 to $12.46 Per Share

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.

3.70 out of 5 stars

Finance Sector

355th out of 858 stocks

Real Estate Investment Trusts Industry

80th out of 180 stocks

SPG stock logo

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.

SPG Stock Price History

SPG Stock News Headlines

3 Large-Cap Stocks Buying Back Shares Aggressively
Management buybacks and Wall Street analyst price target boosts are the common story across these three stocks; get your money's worth in them
3 Hot Stocks Bought by Members of Congress: Follow the Money
The STOCK Act of 2012 was supposed to halt insider trading by members of Congress, but let's be honest. The STOCK Act can't really stop Congresspeople from trading on insider knowledge; they're in a position to get it, which will influence investment decisions.
Major Elon Musk Crypto Leak Revealed
Reports 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.
3 Hot Stocks Bought by Members of Congress: Follow the Money (SPG)
Palo Alto Networks, Simon Property Group and JPMorgan Chase are the top three stocks bought by Members of Congress in February;
2 Stocks More Magnificent Than Amazon
Warning: this could blow your mind
Buckle up… ‘Cause this might shatter everything you’ve heard about “income trading”. In fact, it’s such an extreme diversion from what most people think of typical income trades that I call it: The Perfect Income Trade You see, most of the income techniques out there target a couple of percent. Maybe 5 - 10 percent if you’re lucky. But this new way of trading income on the world’s top stocks goes after more than 10x that kind of return. And here’s the best news of all: This trade can target an opportunity like that every week. Every single week. Meaning an investor has the chance to “stack up” these more aggressive income trades over and over. If that sounds interesting…
Simon Property Group (NYSE:SPG) Sets New 1-Year High at $154.17
The 3 Most Popular Stocks Owned by Congress in Q1
See More Headlines
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Company Calendar

Ex-Dividend for 12/29 Dividend
12/07/2023
Dividend Payable
12/29/2023
Last Earnings
2/05/2024
Ex-Dividend for 3/29 Dividend
3/07/2024
Today
3/28/2024
Dividend Payable
3/29/2024
Next Earnings (Estimated)
5/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Retail REITs
CUSIP
82880610
Employees
3,000
Year Founded
1993

Price Target and Rating

Average Stock Price Target
$140.22
High Stock Price Target
$172.00
Low Stock Price Target
$106.00
Potential Upside/Downside
-9.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
8 Analysts

Profitability

Net Income
$2.28 billion
Pretax Margin
41.06%

Debt

Sales & Book Value

Annual Sales
$5.66 billion
Cash Flow
$11.77 per share
Book Value
$10.06 per share

Miscellaneous

Free Float
297,937,000
Market Cap
$50.30 billion
Optionable
Optionable
Beta
1.65

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Key Executives

Should I Buy Simon Property Group Stock? SPG Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Simon Property Group was last updated on Tuesday, March 26, 2024 at 12:10 AM.

Pros

Here are some ways that investors could benefit from investing in Simon Property Group, Inc.:

  • Simon Property Group, Inc. has a strong track record of owning premier shopping, dining, and entertainment destinations across North America, Europe, and Asia, generating billions in annual sales.
  • The company is an S&P 100 company, indicating its significant market presence and stability.
  • Recent insider selling at JPM, a similar company, suggests a potential buy opportunity in Simon Property Group, Inc.
  • Stock sentiment analysis indicates positive market sentiment towards Simon Property Group, Inc., potentially leading to favorable stock performance.
  • Workday Stock Price is showing a buy-the-dip opportunity, which could be advantageous for investors considering Simon Property Group, Inc.

Cons

Investors should be bearish about investing in Simon Property Group, Inc. for these reasons:

  • Microcap stocks, like Simon Property Group, Inc., may carry higher risk due to their smaller market capitalization and potentially higher volatility.
  • Quiet Period Expirations can lead to increased stock price volatility, which may impact investments in Simon Property Group, Inc.
  • Investing in real estate investment trusts (REITs) like Simon Property Group, Inc. involves risks related to interest rate changes and economic downturns.
  • Dividend tax implications should be considered when investing in companies like Simon Property Group, Inc. that pay dividends.
  • Comparing stocks, such as casino stocks, to Simon Property Group, Inc. can highlight differences in industry performance and potential investment outcomes.

SPG Stock Analysis - Frequently Asked Questions

Should I buy or sell Simon Property Group stock right now?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Simon Property Group in the last twelve months. There are currently 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research 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?

8 brokerages have issued twelve-month target prices for Simon Property Group's stock. Their SPG share price targets range from $106.00 to $172.00. On average, they anticipate the company's stock price to reach $140.22 in the next year. This suggests that the stock has a possible downside of 10.1%.
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 on January 1st, 2024. Since then, SPG stock has increased by 9.4% and is now trading at $156.02.
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 Tuesday, May 7th 2024.
View our SPG earnings forecast
.

How were Simon Property Group's earnings last quarter?

Simon Property Group, Inc. (NYSE:SPG) posted its quarterly earnings results on Monday, February, 5th. The real estate investment trust reported $2.29 EPS for the quarter, missing analysts' consensus estimates of $3.34 by $1.05. The real estate investment trust had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.38 billion. Simon Property Group had a trailing twelve-month return on equity of 70.97% and a net margin of 42.30%. Simon Property Group's quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the business earned $3.15 EPS.
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 announced a quarterly dividend on Monday, February 5th. Investors of record on Friday, March 8th will be paid a dividend of $1.95 per share on Friday, March 29th. This represents a $7.80 dividend on an annualized basis and a dividend yield of 5.00%. The ex-dividend date is Thursday, March 7th. This is a boost from the stock's previous quarterly dividend of $1.90.
Read our dividend analysis for SPG
.

Is Simon Property Group a good dividend stock?

Simon Property Group (NYSE:SPG) pays an annual dividend of $7.80 per share and currently has a dividend yield of 5.18%. 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 111.75%. 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 62.60% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SPG.

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

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.

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, February, 5th. The company provided earnings per share (EPS) guidance of 11.850-12.100 for the period, compared to the consensus earnings per share estimate of 12.200. 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 a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (14.01%), Vanguard Group Inc. (14.03%), Cohen & Steers Inc. (7.04%), Norges Bank (5.50%), Daiwa Securities Group Inc. (1.51%) and Legal & General Group Plc (1.51%). Insiders that own company stock include Brian J Mcdade, J Albert Smith Jr, 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 3/28/2024 by MarketBeat.com Staff

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