NYSE:SPG Simon Property Group (SPG) Stock Price, News & Analysis $167.35 +1.85 (+1.12%) (As of 08/30/2024 08:55 PM ET) Add Compare Share Share Today's Range$164.98▼$167.5050-Day Range$146.09▼$168.0552-Week Range$102.11▼$169.18Volume1.75 million shsAverage Volume1.45 million shsMarket Capitalization$54.56 billionP/E Ratio21.32Dividend Yield4.78%Price Target$160.94 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 RatingHold2.44 Rating ScoreUpside/Downside3.8% Downside$160.94 Price TargetShort InterestHealthy1.51% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-3.10Upright™ Environmental ScoreNews Sentiment0.68Based on 25 Articles This WeekInsider TradingAcquiring Shares$72,983 Bought Last QuarterProj. Earnings Growth-3.11%From $12.85 to $12.45 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.4.34 out of 5 starsFinance Sector153rd out of 882 stocksReal Estate Investment Trusts Industry18th out of 176 stocks 2.2 Analyst's Opinion Consensus RatingSimon Property Group has received a consensus rating of Hold. The company's average rating score is 2.44, and is based on 4 buy ratings, 5 hold ratings, and no sell ratings.Amount of Analyst CoverageSimon Property Group has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Simon Property Group's stock forecast and price target. Previous Next 4.0 Short Interest Percentage of Shares Shorted1.51% 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 3.4, 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 0.20%, 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 4.78%, 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 64.26% 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 3.2 News and Social Media Coverage News SentimentSimon Property Group has a news sentiment score of 0.68. 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 news sentiment score is similar to the average news sentiment of Finance companies.News Coverage This WeekMarketBeat has tracked 25 news articles for Simon Property Group this week, compared to 9 articles on an average week.Search Interest28 people have searched for SPG on MarketBeat in the last 30 days. This is an increase of 75% compared to the previous 30 days.MarketBeat Follows19 people have added Simon Property Group to their MarketBeat watchlist in the last 30 days. This is an increase of 58% 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 $72,983.00 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 -3.11% in the coming year, from $12.85 to $12.45 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Simon Property Group is 21.32, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.39.Price to Earnings Ratio vs. SectorThe P/E ratio of Simon Property Group is 21.32, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 47.13.Price to Earnings Growth RatioSimon Property Group has a PEG Ratio of 9.17. 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 16.25. 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 Paradigm PressKamala Harris and The Woke Progressive NightmareNew research from Jim Rickards - former advisor to the CIA - reveals shocking predictions about an “Election Meltdown” coming this November.Click here now to see Jim’s shocking predictions for November. 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 HeadlinesAugust 26, 2024 | marketbeat.com3 Stocks Increasing Dividend Payouts Ahead of Interest Rate Cuts (SPG)Three stocks stand out as potential runners in the coming months as management decided to boost their dividend payouts ahead of interest rate cutsAugust 14, 2024 | marketbeat.comTop 3 Dividend-Paying Stocks for Stability in Volatile Markets (SPG)Three stocks have taken advantage of recent dips in the broader market to boost their dividend payouts to investors, Wall Street analysts now reiterate upsideSeptember 2, 2024 | Paradigm Press (Ad)DNC crowns Kamala, but she’s already DONEIn Trump’s hands, I believe this superweapon could restore America’s global dominance. It will also help Americans struggling under Bidenomics by potentially sending 5 military stocks SOARING. Historically, similar stocks have shot up 16,270% in just 18 months.August 30 at 5:47 AM | americanbankingnews.comSimon Property Group (NYSE:SPG) PT Raised to $160.00August 30 at 2:11 AM | americanbankingnews.comZacks Research Equities Analysts Increase Earnings Estimates for Simon Property Group, Inc. (NYSE:SPG)August 29, 2024 | americanbankingnews.comQ1 2025 EPS Estimates for Simon Property Group, Inc. (NYSE:SPG) Reduced by Zacks ResearchAugust 29, 2024 | americanbankingnews.comTruist Financial Increases Simon Property Group (NYSE:SPG) Price Target to $158.00August 28, 2024 | americanbankingnews.comSimon Property Group (NYSE:SPG) PT Raised to $169.00 at ScotiabankSeptember 2, 2024 | Paradigm Press (Ad)DNC crowns Kamala, but she’s already DONEIn Trump’s hands, I believe this superweapon could restore America’s global dominance. It will also help Americans struggling under Bidenomics by potentially sending 5 military stocks SOARING. Historically, similar stocks have shot up 16,270% in just 18 months.August 26, 2024 | benzinga.comWhat Analysts Are Saying About Simon Property Group StockAugust 23, 2024 | uk.finance.yahoo.comSimon Property Group, Inc. (SPGR.VI)August 21, 2024 | uk.finance.yahoo.comSimon Property Group, Inc. (SIMN34.SA)August 21, 2024 | seekingalpha.comSimon Property Group: Dividend Restoration ContinuesAugust 19, 2024 | seekingalpha.comSimon Property Group Raises Its Dividend Again And Flexes Its Muscles In Q2August 18, 2024 | finance.yahoo.comSPG Sep 2024 135.000 call (SPG240920C00135000)August 18, 2024 | finance.yahoo.comSPG Sep 2024 195.000 call (SPG240920C00195000)August 18, 2024 | finance.yahoo.comSPG Sep 2024 165.000 put (SPG240920P00165000)August 9, 2024 | markets.businessinsider.comBuy Rating for Simon Property Group Amidst Favorable Market Dynamics and Strong Financial OutlookSee 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 6/28 Dividend6/07/2024Dividend Payable6/28/2024Last Earnings8/05/2024Today9/02/2024Ex-Dividend for 9/30 Dividend9/09/2024Dividend Payable9/30/2024Next Earnings (Estimated)11/04/2024Fiscal 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$160.94 High Stock Price Target$172.00 Low Stock Price Target$145.00 Potential Upside/Downside-3.8%Consensus RatingHold Rating Score (0-4)2.44 Research Coverage9 Analysts Profitability EPS (Most Recent Fiscal Year)$7.85 Trailing P/E Ratio21.32 Forward P/E Ratio13.02 P/E Growth9.17Net Income$2.28 billion Net Margins45.90% Pretax Margin48.06% Return on Equity78.14% Return on Assets7.98% Debt Debt-to-Equity Ratio7.53 Current Ratio2.04 Quick Ratio2.04 Sales & Book Value Annual Sales$5.66 billion Price / Sales9.64 Cash Flow$11.52 per share Price / Cash Flow14.53 Book Value$10.30 per share Price / Book16.25Miscellaneous Outstanding Shares326,040,000Free Float298,239,000Market Cap$54.56 billion OptionableOptionable Beta1.75 Social Links 20 High-Yield Dividend Stocks that Could Ruin Your RetirementAlmost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.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 & InstitutionsTeachers Retirement System of The State of KentuckySold 692 shares on 8/26/2024Ownership: 0.008%Cetera Investment AdvisersSold 1,155 shares on 8/22/2024Ownership: 0.019%Truist Financial CorpSold 7,984 shares on 8/21/2024Ownership: 0.013%McGinn Penninger Investment Management Inc.Sold 85 shares on 8/21/2024Ownership: 0.009%EP Wealth Advisors LLCBought 1,438 shares on 8/19/2024Ownership: 0.000%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, Inc. has consistently shown a strong return on equity of 78.50%, indicating efficient use of shareholder funds to generate profits. The company's dividend yield of 5.21% provides investors with a steady income stream, offering a potential source of passive income. Simon Property Group's properties across North America, Europe, and Asia serve as community gathering places, ensuring consistent foot traffic and revenue generation. Despite missing earnings estimates in the last quarter, the company's revenue was up 6.8% year-over-year, showing positive growth potential. With a net margin of 46.49%, Simon Property Group demonstrates strong profitability in its operations. Cons Investors should be bearish about investing in Simon Property Group, Inc. for these reasons: The company's dividend payout ratio is high at 101.91%, indicating that a significant portion of earnings is being distributed as dividends, potentially limiting reinvestment for growth. Simon Property Group's recent earnings per share of $2.25 fell short of analysts' consensus estimates, signaling potential challenges in meeting market expectations. Market analysts predict a lower EPS of 12.84 for the current fiscal year, suggesting a potential slowdown in earnings growth compared to previous periods. Investors may be concerned about the impact of economic downturns on the retail sector, which could affect Simon Property Group's performance due to its focus on shopping and entertainment destinations. Considering the current stock price and market conditions, investors should carefully assess the risk-return profile of investing in Simon Property Group, Inc. 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 Sunday, August 11, 2024. Please send any questions or comments about these Simon Property Group pros and cons to [email protected]. SPG Stock Analysis - Frequently Asked Questions How have SPG shares performed this year? Simon Property Group's stock was trading at $142.64 on January 1st, 2024. Since then, SPG shares have increased by 17.3% and is now trading at $167.35. View the best growth stocks for 2024 here. How were Simon Property Group's earnings last quarter? Simon Property Group, Inc. (NYSE:SPG) issued its quarterly earnings data on Monday, August, 5th. The real estate investment trust reported $1.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.93 by $1.42. The firm's revenue was up 4.8% on a year-over-year basis. Read the conference call transcript. How will Simon Property Group's stock buyback program work? Simon Property Group's Board of Directors authorized a share buyback program on Thursday, February 8th 2024, which authorizes the company to repurchase $2,000,000,000 in outstanding shares, according to EventVestor. This means that the company could buy up to 4.2% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its shares are undervalued. 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. Who are Simon Property Group's major shareholders? Simon Property Group's top institutional investors include Legal & General Group Plc (1.47%), Dimensional Fund Advisors LP (1.42%), Daiwa Securities Group Inc. (1.10%) and Bank of New York Mellon Corp (0.75%). Insiders that own company stock include Reuben S Leibowitz, Karen N Horn, Brian J Mcdade, Marta R Stewart, Peggy Fang Roe 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. What other stocks do shareholders of Simon Property Group own? Based on aggregate information from My MarketBeat watchlists, some other companies that Simon Property Group investors own include AT&T (T), AbbVie (ABBV), Exxon Mobil (XOM), Intel (INTC), Johnson & Johnson (JNJ), Walt Disney (DIS) and Pfizer (PFE). This page (NYSE:SPG) was last updated on 9/2/2024 by MarketBeat.com Staff From Our PartnersFirst Disruption to $martphones in 15 Years 🤳45M Users | 32,481% Growth Rate Get in on the biggest disruption to smartphones in over a decade. Reg A inv...Mode Mobile | Sponsored625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. It might seem far-fetche...Crypto Swap Profits | SponsoredFREE Daily Profits Live Open HouseOver the past year, members of Millionaire trader Nate Bear's Daily Profits Live chatroom have had 62 opportun...Monument Traders Alliance | SponsoredBiden’s Big Fix America's Next Nightmare (has nothing to do with November) Roosevelt failed to make it work during World W...Stansberry Research | SponsoredAmazon coin set to soar 25X – starting August 19thChris Rowe – the man who recommended Amazon in 1998… Bitcoin and Ethereum in 2017… And has spotted 44 diffe...True Market Insiders | SponsoredKamala Harris and The Woke Progressive NightmareNew research from Jim Rickards - former advisor to the CIA - reveals shocking predictions about an “Election M...Paradigm Press | SponsoredWrite this ticker symbol down…A megatrend now poised to mint a brand-new wave of millionaires right here in America. And today, self-made...StocksToTrade | SponsoredGrab this ETF paying a huge 22% dividendImagine a world where you don't have to stress about inflation eroding your savings... Where your paycheck ...Investors Alley | Sponsored Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Simon Property Group, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Share Simon Property Group With A Colleague Link copied to clipboard. Get 30 Days of MarketBeat All Access for Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools. Start Your 30-Day Trial MarketBeat All Access Features Best-in-Class Portfolio Monitoring Get personalized stock ideas. Compare portfolio to indices. Check stock news, ratings, SEC filings, and more. Stock Ideas and Recommendations See daily stock ideas from top analysts. Receive short-term trading ideas from MarketBeat. Identify trending stocks on social media. Advanced Stock Screeners and Research Tools Use our seven stock screeners to find suitable stocks. Stay informed with MarketBeat's real-time news. Export data to Excel for personal analysis. Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: Log In or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
