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NYSE:SPG

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

$167.23
-0.27 (-0.16%)
(As of 10/8/2024 ET)

About Simon Property Group Stock (NYSE:SPG)

Key Stats

Today's Range
$166.42
$168.98
50-Day Range
$148.05
$170.11
52-Week Range
$103.36
$170.87
Volume
1.08 million shs
Average Volume
1.48 million shs
Market Capitalization
$54.52 billion
P/E Ratio
21.30
Dividend Yield
4.90%
Price Target
$162.78
Consensus Rating
Hold

Company Overview

Simon Property Group, Inc. (NYSE:SPG) is a self-administered and self-managed real estate investment trust (REIT). Simon Property Group, L.P., or the Operating Partnership, is our majority-owned partnership subsidiary that owns all of our real estate properties and other assets. In this package, the terms Simon, we, our, or the Company refer to Simon Property Group, Inc., the Operating Partnership, and its subsidiaries. We own, develop and manage premier shopping, dining, entertainment and mixed-use destinations, which consist primarily of malls, Premium Outlets, The Mills, and International Properties. At June 30, 2024, we owned or had an interest in 230 properties comprising 183 million square feet in North America, Asia and Europe. We also owned an 84% interest in The Taubman Realty Group, or TRG, which owns 22 regional, super-regional, and outlet malls in the U.S. and Asia. Additionally, at June 30, 2024, we had a 22.4% ownership interest in Klépierre, a publicly traded, Paris-based real estate company, which owns shopping centers in 14 European countries.

Simon Property Group Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
85th Percentile Overall Score

SPG MarketRank™: 

Simon Property Group scored higher than 85% of companies evaluated by MarketBeat, and ranked 225th out of 933 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Simon Property Group has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 3 buy ratings, 6 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Simon 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.
  • Earnings Growth

    Earnings for Simon Property Group are expected to decrease by -3.27% in the coming year, from $12.85 to $12.43 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Simon Property Group is 21.30, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.56.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Simon Property Group is 21.30, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 45.90.

  • Price to Earnings Growth Ratio

    Simon Property Group has a PEG Ratio of 9.23. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Simon Property Group has a P/B Ratio of 16.62. 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.
  • Percentage of Shares Shorted

    1.76% of the float of Simon Property Group has been sold short.
  • Short Interest Ratio / Days to Cover

    Simon Property Group has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Simon Property Group has recently increased by 14.06%, indicating that investor sentiment is decreasing significantly.
  • Dividend Leadership

    Simon Property Group is a leading dividend payer. It pays a dividend yield of 4.87%, putting its dividend yield in the top 25% of dividend-paying stocks.

  • Dividend Growth

    Simon Property Group does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Simon Property Group is 104.46%. Payout ratios above 75% are not desirable because they may not be sustainable.

  • Dividend Sustainability

    Based on earnings estimates, Simon Property Group will have a dividend payout ratio of 65.97% 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.
  • Percentage of Shares Shorted

    1.76% of the float of Simon Property Group has been sold short.
  • Short Interest Ratio / Days to Cover

    Simon Property Group has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Simon Property Group has recently increased by 14.06%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Simon Property Group has a news sentiment score of 1.24. 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 higher news sentiment than the 0.67 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 7 news articles for Simon Property Group this week, compared to 9 articles on an average week.
  • Search Interest

    34 people have searched for SPG on MarketBeat in the last 30 days. This is an increase of 70% compared to the previous 30 days.
  • MarketBeat Follows

    23 people have added Simon Property Group to their MarketBeat watchlist in the last 30 days. This is an increase of 64% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Simon Property Group insiders have bought more of their company's stock than they have sold. Specifically, they have bought $61,901.00 in company stock and sold $0.00 in company stock.

  • Percentage Held by Insiders

    Only 8.50% of the stock of Simon Property Group is held by insiders.

  • Percentage Held by Institutions

    93.01% 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.
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SPG Stock News Headlines

Department store or shopping mall - Stock Editorial Photography
Simon Property REIT: A Safe Bet for Growth and Steady Dividends
Simon Property Group has shown investors enough evidence to be considered for a potential buy in the coming quarters, especially as it offers growth and income
What Is the $7,882 Stimulus Payment 2024?
Biden’s government just announced a new government "stimulus program"... And it could hand you a payment for as much as $7,882 — each quarter.
Simon Invites Gen Z to Meet Me @themall™
SPG Oct 2024 190.000 call
See More Headlines

SPG Stock Analysis - Frequently Asked Questions

Simon Property Group's stock was trading at $142.64 on January 1st, 2024. Since then, SPG stock has increased by 17.2% and is now trading at $167.23.
View the best growth stocks for 2024 here
.

Simon Property Group, Inc. (NYSE:SPG) released its earnings results on Monday, August, 5th. The real estate investment trust reported $1.51 EPS for the quarter, missing the consensus estimate of $2.93 by $1.42. The company's quarterly revenue was up 4.8% compared to the same quarter last year.
Read the conference call transcript
.

Simon Property Group's board authorized a share repurchase program on Thursday, February 8th 2024, which permits the company to repurchase $2,000,000,000 in outstanding shares, according to EventVestor. This means that the company could repurchase up to 4.2% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its shares are undervalued.

Simon Property Group's top institutional shareholders include Handelsbanken Fonder AB (0.05%), Czech National Bank (0.02%), Alpha Omega Wealth Management LLC (0.01%) and Brookstone Capital Management (0.01%). Insiders that own company stock include Reuben S Leibowitz, Allan B Hubbard, Karen N Horn, Brian J Mcdade, Marta R Stewart, Peggy Fang Roe and Simon Property Group Inc /De/.
View institutional ownership trends
.

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.

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).

Company Calendar

Last Earnings
8/05/2024
Ex-Dividend for 9/30 Dividend
9/09/2024
Dividend Payable
9/30/2024
Today
10/08/2024
Next Earnings (Confirmed)
11/05/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Retail REITs
CUSIP
82880610
Employees
3,000
Year Founded
1993

Price Target and Rating

Average Stock Price Target
$162.78
High Stock Price Target
$175.00
Low Stock Price Target
$145.00
Potential Upside/Downside
-2.6%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
9 Analysts

Profitability

Net Income
$2.28 billion
Pretax Margin
48.06%

Debt

Sales & Book Value

Annual Sales
$5.66 billion
Cash Flow
$11.43 per share
Book Value
$10.06 per share

Miscellaneous

Free Float
298,239,000
Market Cap
$54.50 billion
Optionable
Optionable
Beta
1.74

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This page (NYSE:SPG) was last updated on 10/8/2024 by MarketBeat.com Staff
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