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

8 Wall Street 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 research analysts is that investors should "moderate buy" SPG shares.
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8 Wall Street research analysts have issued twelve-month price objectives for Simon Property Group's shares. 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 0.5%.
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Simon Property Group's stock was trading at $142.64 at the start of the year. Since then, SPG shares have decreased by 1.2% and is now trading at $140.90.
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The company is scheduled to release its next quarterly earnings announcement on Monday, May 6th 2024.
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Simon Property Group will be holding an earnings conference call on Monday, May 6th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "13745980".

Simon Property Group, Inc. (NYSE:SPG) released its earnings results on Monday, February, 5th. The real estate investment trust reported $2.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.34 by $1.05. The real estate investment trust earned $1.53 billion during the quarter, compared to analyst estimates of $1.38 billion. Simon Property Group had a net margin of 42.30% and a trailing twelve-month return on equity of 70.97%. The company's revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the previous year, the company earned $3.15 earnings per share.
Read the conference call transcript.

Simon Property Group declared 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 yield of 5.54%. The ex-dividend date is Thursday, March 7th. This is a positive change from the stock's previous quarterly dividend of $1.90.
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 5.48%. 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 62.75% 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 Columbia Research Enhanced Real Estate ETF (CRED), iShares Cohen & Steers REIT ETF (ICF), Real Estate Select Sector SPDR Fund (XLRE), FlexShares Global Quality Real Estate Index Fund (GQRE), 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).

Simon Property Group announced that its Board of Directors has authorized a stock repurchase plan on Thursday, February 8th 2024, which allows the company to repurchase $2,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 4.2% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board believes its shares are undervalued.

Simon Property Group issued an update on its FY 2024 earnings guidance on Monday, February, 5th. The company provided earnings per share guidance of 11.850-12.100 for the period, compared to the consensus estimate of 12.200. 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 many different institutional and retail investors. Top institutional investors include Douglas Lane & Associates LLC (0.08%), Factory Mutual Insurance Co. (0.05%), Vert Asset Management LLC (0.04%), Portman Square Capital LLP (0.00%), Sound Income Strategies LLC (0.03%) and Pensionfund DSM Netherlands (0.02%). 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/.
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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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