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) Add Compare Share Share Today's Range$144.05▼$147.3750-Day Range$130.78▼$146.9352-Week Range$100.17▼$147.37Volume2.22 million shsAverage Volume1.61 million shsMarket Capitalization$47.94 billionP/E Ratio21.05Dividend Yield5.17%Price Target$137.75 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainabilityStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability Get Simon Property Group alerts: Email Address Simon Property Group MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.57 Rating ScoreUpside/Downside6.2% Downside$137.75 Price TargetShort InterestHealthy1.34% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-3.10Upright™ Environmental ScoreNews Sentiment0.68Based on 36 Articles This WeekInsider TradingN/AProj. Earnings Growth3.65%From $12.04 to $12.48 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.3.97 out of 5 starsFinance Sector322nd out of 843 stocksReal Estate Investment Trusts Industry72nd out of 175 stocks 1.3 Analyst's Opinion Consensus RatingSimon Property Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.57, and is based on 4 buy ratings, 3 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $137.75, Simon Property Group has a forecasted downside of 6.2% from its current price of $146.93.Amount of Analyst CoverageSimon Property Group has only been the subject of 4 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted1.34% 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 2.9, 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 5.43%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend LeadershipSimon Property Group is a leading dividend payer. It pays a dividend yield of 5.17%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthSimon Property Group has only been increasing its dividend for 3 years.Dividend CoverageThe dividend payout ratio of Simon Property Group is 108.88%. 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 60.90% next year. This indicates that Simon Property Group will be able to sustain or increase its 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 is a lower news sentiment than the 0.80 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 36 news articles for Simon Property Group this week, compared to 8 articles on an average week.Search Interest49 people have searched for SPG on MarketBeat in the last 30 days. This is an increase of 32% compared to the previous 30 days.MarketBeat Follows26 people have added Simon Property Group to their MarketBeat watchlist in the last 30 days. This is an increase of 30% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Simon Property Group insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 8.58% of the stock of Simon Property Group is held by insiders.Percentage Held by Institutions84.73% 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. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Simon Property Group are expected to grow by 3.65% in the coming year, from $12.04 to $12.48 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Simon Property Group is 21.05, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.39.Price to Earnings Ratio vs. SectorThe P/E ratio of Simon Property Group is 21.05, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 50.04.Price to Earnings Growth RatioSimon Property Group has a PEG Ratio of 7.06. 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 13.89. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here 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 HeadlinesFebruary 7, 2024 | marketbeat.comAnalysts 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 propertyJanuary 16, 2024 | marketbeat.comSell Now! 20 Dicey Dividends for 2024February 12, 2024 | The Freeport Society (Ad)Obama’s 2024 ConfessionBarack 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.February 11, 2024 | americanbankingnews.comSimon Property Group (NYSE:SPG) Sets New 52-Week High at $147.37February 9, 2024 | finance.yahoo.comSimon Property Group, Inc.: Raising targetFebruary 9, 2024 | finance.yahoo.comInvest Like Jeff Bezos With This HackFebruary 9, 2024 | msn.comSimon Property Announces $2 Billion Stock Buyback PlanFebruary 9, 2024 | realmoney.thestreet.comSimon Property price target raised by $3 at Goldman Sachs, here's whyFebruary 12, 2024 | The Freeport Society (Ad)New Trump BombshellI believe Donald J. 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But NOT for the reasons you may think… If I’m right, the soul of this country will change forever…February 8, 2024 | markets.businessinsider.comPositive Outlook for Simon Property Group with Buy Rating and Projected FFO GrowthFebruary 8, 2024 | finance.yahoo.comSimon® Announces New $2.0 Billion Common Stock Repurchase ProgramFebruary 6, 2024 | finance.yahoo.comSimon Property (SPG) Q4 FFO Beat, '24 View Below ExpectationFebruary 6, 2024 | finance.yahoo.comQ4 2023 Simon Property Group Inc Earnings CallFebruary 6, 2024 | fool.comSimon Property Group (SPG) Q4 2023 Earnings Call TranscriptFebruary 5, 2024 | za.investing.comSimon Property Group pops as Q4 results top estimatesFebruary 5, 2024 | msn.comSimon Property tops expectations for quarterly FFOFebruary 5, 2024 | msn.comSimon Property Group Reports Better-Than-Expected Q4 Results, Raises Quarterly DividendFebruary 5, 2024 | finance.yahoo.comSimon® Reports Fourth Quarter and Full Year 2023 Results and Raises Quarterly DividendFebruary 5, 2024 | finance.yahoo.comSimon Property Group Inc (SPG) Reports Record Annual FFO and Increased DividendsFebruary 5, 2024 | finance.yahoo.comSimon Property (SPG) Q4 FFO and Revenues Top EstimatesFebruary 5, 2024 | finance.yahoo.comHere's What Key Metrics Tell Us About Simon Property (SPG) Q4 EarningsFebruary 4, 2024 | americanbankingnews.comSimon Property Group (SPG) Scheduled to Post Earnings on MondayFebruary 1, 2024 | finance.yahoo.comSimon Property (SPG) Gains But Lags Market: What You Should KnowJanuary 31, 2024 | finance.yahoo.comSeeking Clues to Simon Property (SPG) Q4 Earnings? A Peek Into Wall Street Projections for Key MetricsJanuary 29, 2024 | realmoney.thestreet.comSimon Property's Chart Says the Escalator May Not Work From HereJanuary 23, 2024 | seekingalpha.comSimon Property: Leading Retail Landlord Still Cheap Despite Remarkable RecoveryJanuary 22, 2024 | finance.yahoo.comSimon Property (SPG) Stock Sinks As Market Gains: What You Should KnowSee 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 12/29 Dividend12/07/2023Dividend Payable12/29/2023Last Earnings2/05/2024Today2/12/2024Ex-Dividend for 3/29 Dividend3/07/2024Dividend Payable3/29/2024Next Earnings (Estimated)5/07/2024Fiscal 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) 636-1600Fax317-685-7222Employees3,300Year Founded1993Price 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 RatingModerate Buy Rating Score (0-4)2.57 Research Coverage7 Analysts Profitability EPS (Most Recent Fiscal Year)$6.98 Trailing P/E Ratio21.05 Forward P/E Ratio12.20 P/E Growth7.06Net Income$2.14 billion Net Margins42.30% Pretax Margin41.06% Return on Equity70.97% Return on Assets7.18% Debt Debt-to-Equity Ratio7.54 Current Ratio1.77 Quick Ratio0.94 Sales & Book Value Annual Sales$5.66 billion Price / Sales8.47 Cash Flow$11.89 per share Price / Cash Flow12.36 Book Value$10.58 per share Price / Book13.89Miscellaneous Outstanding Shares326,250,000Free Float298,516,000Market Cap$47.94 billion OptionableOptionable Beta1.65 Social Links Beginners Guide To Retirement StocksClick the link below and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio. Get This Free Report Key ExecutivesMr. David E. Simon (Age 62)Chairman, CEO & President Comp: $29.4MMr. Brian J. McDade (Age 45)Executive VP & CFO Comp: $4.34MMr. Adam J. Reuille (Age 49)Senior VP & Chief Accounting Officer Comp: $1.89MMr. John Rulli (Age 68)Chief Administrative Officer Comp: $2.95MMr. Steven E. Fivel (Age 63)General Counsel & Secretary Comp: $7.45MMr. Steven K. Broadwater (Age 57)Senior Vice President of Financial Reporting & Operations Mr. Stanley Shashoua (Age 53)Chief Investment Officer Joseph W. ChiappettaSenior VP & Chief Technology OfficerMr. Thomas Ward (Age 55)Senior Vice President of Investor Relations Susan MasselaSenior Vice President of Human ResourcesMore ExecutivesKey CompetitorsRealty IncomeNYSE:OKimco RealtyNYSE:KIMCrown CastleNYSE:CCIWelltowerNYSE:WELLPublic StorageNYSE:PSAView All CompetitorsInsiders & InstitutionsUBS Group AGSold 200 shares on 2/9/2024Ownership: 0.000%Coldstream Capital Management Inc.Bought 77 shares on 2/9/2024Ownership: 0.002%Congress Wealth Management LLC DE Sold 198 shares on 2/9/2024Ownership: 0.001%Bard Financial Services Inc.Bought 165 shares on 2/9/2024Ownership: 0.001%Annis Gardner Whiting Capital Advisors LLCBought 91 shares on 2/9/2024Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions 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 ETFs hold Simon Property Group's stock? ETFs with the largest weight of Simon Property Group (NYSE:SPG) stock in their portfolio include iShares US Credit Bond ETF (CRED), ALPS Active REIT ETF (REIT), iShares Cohen & Steers REIT ETF (ICF), FlexShares Global Quality Real Estate Index Fund (GQRE), Real Estate Select Sector SPDR Fund (XLRE), SPDR Dow Jones REIT ETF (RWR), iShares Core U.S. REIT ETF (USRT) and InfraCap Equity Income Fund ETF (ICAP). 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 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. 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