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

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.

Key Stats

• Today's Range: $180.71 to $183.96
• 50-Day Range: $164.35 to $181.80
• 52-Week Range: $119.92 to $183.96
• Volume: 1.84 million shs
• Average Volume: 1.43 million shs
• Market Capitalization: $59.10 billion
• P/E Ratio: 24.12
• Dividend Yield: 4.64%
• Price Target: $162.78
• Consensus Rating: Hold

Simon Property Group Stock Analysis - MarketRank™

Simon Property Group scored higher than 90% of companies evaluated by MarketBeat, and ranked 153rd out of 922 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.2 / 5
• Analyst Rating: Hold

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 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: -2.97%

Earnings Growth

Earnings for Simon Property Group are expected to decrease by -2.97% in the coming year, from $12.79 to $12.41 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Simon Property Group is 24.12, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.99.

Price to Earnings Ratio vs. Sector

The P/E ratio of Simon Property Group is 24.12, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 45.77.

Price to Earnings Growth Ratio

Simon Property Group has a PEG Ratio of 10.57. 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 19.07. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.61% 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 decreased by 8.95%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Simon Property Group is a leading dividend payer. It pays a dividend yield of 4.53%, 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 111.85%. 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 67.69% next year. This indicates that Simon Property Group will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 1.9 / 5
• Environmental Score: -3.10

Percentage of Shares Shorted

1.61% 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 decreased by 8.95%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.0 / 5
• News Sentiment: 1.48

News Sentiment

Simon Property Group has a news sentiment score of 1.48. 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 0.81 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 24 news articles for Simon Property Group this week, compared to 10 articles on an average week.

Search Interest

Only 16 people have searched for SPG on MarketBeat in the last 30 days. This is a decrease of -47% compared to the previous 30 days.

MarketBeat Follows

Only 4 people have added Simon Property Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -81% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Acquiring Shares

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.

SPG Stock Analysis - Frequently Asked Questions

How have SPG shares performed this year?

Simon Property Group's stock was trading at $142.64 at the start of the year. Since then, SPG stock has increased by 27.0% and is now trading at $181.14.
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 results on Friday, November, 1st. The real estate investment trust reported $1.46 EPS for the quarter, missing analysts' consensus estimates of $3.00 by $1.54. The business's quarterly revenue was up 4.9% compared to the same quarter last year.
Read the conference call transcript.

How will Simon Property Group's stock buyback program work?

Simon Property Group's board initiated a share repurchase plan 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 purchase up to 4.2% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board believes its stock is undervalued.

Who are Simon Property Group's major shareholders?

Top institutional investors of Simon Property Group include State Street Corp (6.46%), Geode Capital Management LLC (2.74%), FMR LLC (1.33%) and Charles Schwab Investment Management Inc. (1.10%). Insiders that own company stock include Reuben S Leibowitz, Allan B Hubbard, Karen N Horn, Brian J Mcdade, Marta R Stewart and Peggy Fang Roe.
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 Verizon Communications (VZ), Humana (HUM), American Water Works (AWK), Waste Connections (WCN), Voyager Therapeutics (VYGR), DiamondRock Hospitality (DRH) and The RMR Group (RMR).

Company Calendar

• Ex-Dividend for 9/30 Dividend: 9/09/2024
• Dividend Payable: 9/30/2024
• Last Earnings: 11/01/2024
• Today: 11/23/2024
• Ex-Dividend for 12/30 Dividend: 12/09/2024
• Dividend Payable: 12/30/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/03/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Real estate investment trusts
• Sub-Industry: Retail REITs
• Current Symbol: NYSE:SPG
• CUSIP: 82880610
• CIK: 1063761
• Web: www.simon.com
• Phone: (317) 636-1600
• Fax: 317-685-7222
• 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: -10.1%
• Consensus Rating: Hold
• Rating Score (0-4): 2.33
• Research Coverage: 9 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $7.51
• Trailing P/E Ratio: 24.12
• Forward P/E Ratio: 14.16
• P/E Growth: 10.57
• Net Income: $2.28 billion
• Net Margins: 43.36%
• Pretax Margin: 45.16%
• Return on Equity: 76.21%
• Return on Assets: 7.61%

Debt

• Debt-to-Equity Ratio: 8.20
• Current Ratio: 2.00
• Quick Ratio: 2.00

Sales & Book Value

• Annual Sales: $5.91 billion
• Price / Sales: 10.00
• Cash Flow: $11.52 per share
• Price / Cash Flow: 15.73
• Book Value: $9.50 per share
• Price / Book: 19.07

Miscellaneous

• Outstanding Shares: 326,278,000
• Free Float: 298,544,000
• Market Cap: $59.10 billion
• Optionable: Optionable
• Beta: 1.74