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

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Simon Property Group in the last year. 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.
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8 equities research analysts have issued 1-year target prices for Simon Property Group's shares. Their SPG share price targets range from $106.00 to $172.00. On average, they expect the company's share price to reach $140.22 in the next twelve months. This suggests that the stock has a possible downside of 0.2%.
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Simon Property Group's stock was trading at $142.64 on January 1st, 2024. Since then, SPG stock has decreased by 1.5% and is now trading at $140.56.
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The company is scheduled to release its next quarterly earnings announcement on Monday, May 6th 2024.
View our SPG earnings forecast.

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) issued its earnings results on Monday, February, 5th. The real estate investment trust reported $2.29 earnings per share 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 analysts' expectations 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%. Simon Property Group's revenue was up 9.1% on a year-over-year basis. During the same quarter last 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. Shareholders 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 annualized dividend and a yield of 5.55%. The ex-dividend date is Thursday, March 7th. This is an increase 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 5.56%. 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 iShares US Credit Bond 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 declared that its board has authorized a stock repurchase plan on Thursday, February 8th 2024, which authorizes the company to repurchase $2,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 4.2% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its shares are undervalued.

Simon Property Group updated its FY 2024 earnings guidance on Monday, February, 5th. The company provided EPS guidance of 11.850-12.100 for the period, compared to the consensus EPS 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 shareholders 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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