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S&P 500   5,026.61
DOW   38,671.69
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Israel's finance minister blasts Moody's downgrade of the the country's credit rating
Obama’s 2024 Confession (Ad)
Mardi Gras beads are creating a plastic disaster in New Orleans. Are there green alternatives?
Super Bowl Live Updates | 49ers are Super Bowl favorites in 2025
New Trump Bombshell (Ad)
FMC stock just set a new ceiling higher, 50% higher indeed
Recession risks are fading, business economists say, but political tensions pose threat to economy
New Trump Bombshell (Ad)
Airbnb stock bulls just went all in before earnings
Venezuela defends military buildup, accusing neighboring Guyana of granting illegal oil contracts
S&P 500   5,026.61
DOW   38,671.69
QQQ   437.05
Israel's finance minister blasts Moody's downgrade of the the country's credit rating
Obama’s 2024 Confession (Ad)
Mardi Gras beads are creating a plastic disaster in New Orleans. Are there green alternatives?
Super Bowl Live Updates | 49ers are Super Bowl favorites in 2025
New Trump Bombshell (Ad)
FMC stock just set a new ceiling higher, 50% higher indeed
Recession risks are fading, business economists say, but political tensions pose threat to economy
New Trump Bombshell (Ad)
Airbnb stock bulls just went all in before earnings
Venezuela defends military buildup, accusing neighboring Guyana of granting illegal oil contracts
S&P 500   5,026.61
DOW   38,671.69
QQQ   437.05
Israel's finance minister blasts Moody's downgrade of the the country's credit rating
Obama’s 2024 Confession (Ad)
Mardi Gras beads are creating a plastic disaster in New Orleans. Are there green alternatives?
Super Bowl Live Updates | 49ers are Super Bowl favorites in 2025
New Trump Bombshell (Ad)
FMC stock just set a new ceiling higher, 50% higher indeed
Recession risks are fading, business economists say, but political tensions pose threat to economy
New Trump Bombshell (Ad)
Airbnb stock bulls just went all in before earnings
Venezuela defends military buildup, accusing neighboring Guyana of granting illegal oil contracts
NYSE:SPG

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

$146.93
+2.83 (+1.96%)
(As of 02/9/2024 08:57 PM ET)
Today's Range
$144.05
$147.37
50-Day Range
$130.78
$146.93
52-Week Range
$100.17
$147.37
Volume
2.22 million shs
Average Volume
1.61 million shs
Market Capitalization
$47.94 billion
P/E Ratio
21.05
Dividend Yield
5.17%
Price Target
$137.75

Simon Property Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.57 Rating Score
Upside/​Downside
6.2% Downside
$137.75 Price Target
Short Interest
Healthy
1.34% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.10
Upright™ Environmental Score
News Sentiment
0.68mentions of Simon Property Group in the last 14 days
Based on 36 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
3.65%
From $12.04 to $12.48 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.

3.97 out of 5 stars

Finance Sector

322nd out of 843 stocks

Real Estate Investment Trusts Industry

72nd out of 175 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

Analysts jumped on this stock ahead of earnings; markets love it (SPG)
Simon Property Group is a REIT stock attracting lots of market - and analyst - interest to it, willing to boost targets and overpay for the underlying property
Sell Now! 20 Dicey Dividends for 2024
Obama’s 2024 Confession
Barack Obama’s confession about the 2024 election just leaked online… In short, he’s worried Biden “could very well lose.” But before you think that means Trump will win… You should see the evidence I’ve found about an election shock that could come as soon as August 19th.
Simon Property Group (NYSE:SPG) Sets New 52-Week High at $147.37
Simon Property Group, Inc.: Raising target
Invest Like Jeff Bezos With This Hack
New Trump Bombshell
I believe Donald J. Trump will go down as America’s last Republican president.  But NOT for the reasons you may think…  If I’m right, the soul of this country will change forever…
Q4 2023 Simon Property Group Inc Earnings Call
Simon Property Group pops as Q4 results top estimates
Simon Property (SPG) Q4 FFO and Revenues Top Estimates
Simon Property Group (SPG) Scheduled to Post Earnings on Monday
Simon Property's Chart Says the Escalator May Not Work From Here
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
Today
2/12/2024
Ex-Dividend for 3/29 Dividend
3/07/2024
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
3,300
Year Founded
1993

Price Target and Rating

Average Stock Price Target
$137.75
High Stock Price Target
$172.00
Low Stock Price Target
$106.00
Potential Upside/Downside
-6.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57
Research Coverage
7 Analysts

Profitability

Net Income
$2.14 billion
Pretax Margin
41.06%

Debt

Sales & Book Value

Annual Sales
$5.66 billion
Cash Flow
$11.89 per share
Book Value
$10.58 per share

Miscellaneous

Free Float
298,516,000
Market Cap
$47.94 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, February 6, 2024 at 8:34 PM.

Pros

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

  • Strong institutional investor support: Simon Property Group has attracted significant investments from institutional investors, indicating confidence in the company's potential.
  • Positive price performance: Despite market fluctuations, Simon Property Group's stock has shown a positive price trend, which may indicate a potential for capital appreciation.
  • Stable dividend payments: Simon Property Group has a history of stable dividend payments, providing investors with a consistent income stream.
  • Market leader in real estate investment: Simon Property Group is one of the largest real estate investment trusts (REITs) in the world, with a strong portfolio of properties across various sectors.
  • Resilience in the face of economic downturns: Real estate investments, particularly in well-established properties, tend to be more resilient during economic downturns, providing a potential hedge against market volatility.

Cons

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

  • Uncertainty in the retail industry: The retail industry is undergoing significant changes, with the rise of e-commerce and shifting consumer preferences. This could impact the performance of Simon Property Group's retail properties.
  • Potential impact of economic downturns: While real estate investments can be resilient during economic downturns, they are not immune to the effects of recessions or market downturns. A severe economic downturn could negatively impact Simon Property Group's properties and rental income.
  • High debt-to-equity ratio: Simon Property Group has a relatively high debt-to-equity ratio, which could increase the company's financial risk and limit its flexibility in pursuing growth opportunities.
  • Regulatory and legal risks: The real estate industry is subject to various regulations and legal risks, including zoning restrictions, environmental regulations, and potential lawsuits. These factors could impact Simon Property Group's operations and financial performance.
  • Dependence on tenant performance: Simon Property Group's revenue is largely dependent on the performance of its tenants. Weakness in the retail sector or tenant bankruptcies could negatively impact the company's rental income.














SPG Stock Analysis - Frequently Asked Questions

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

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Simon Property Group in the last year. There are currently 3 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?

7 brokers have issued 12-month price targets 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 $137.75 in the next year. This suggests that the stock has a possible downside of 6.2%.
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 shares have increased by 3.0% and is now trading at $146.93.
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) released its quarterly earnings data on Monday, February, 5th. The real estate investment trust reported $2.29 EPS for the quarter, missing the consensus estimate of $3.34 by $1.05. The real estate investment trust earned $1.53 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $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. Stockholders 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 5.31%. 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
.

Is Simon Property Group a good dividend stock?

Simon Property Group (NYSE:SPG) pays an annual dividend of $7.60 per share and currently has a dividend yield of 5.17%. 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 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 108.88%. 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 60.90% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SPG.

What guidance has Simon Property Group issued on next quarter's earnings?

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 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 number of retail and institutional investors. Top institutional investors include Norges Bank (5.50%), Daiwa Securities Group Inc. (1.51%), Dimensional Fund Advisors LP (1.42%), Charles Schwab Investment Management Inc. (1.08%), Smead Capital Management Inc. (0.71%) and Boston Partners (0.68%). 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 2/12/2024 by MarketBeat.com Staff

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