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NYSE:SPG

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

Simon Property Group logo
$171.61 +2.35 (+1.39%)
(As of 12/20/2024 05:31 PM ET)

About Simon Property Group Stock (NYSE:SPG)

Key Stats

Today's Range
$170.33
$174.14
50-Day Range
$167.70
$183.81
52-Week Range
$135.15
$186.00
Volume
4.86 million shs
Average Volume
1.47 million shs
Market Capitalization
$55.99 billion
P/E Ratio
22.85
Dividend Yield
4.89%
Price Target
$169.22
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
78th Percentile Overall Score

SPG MarketRank™: 

Simon Property Group scored higher than 78% of companies evaluated by MarketBeat, and ranked 316th out of 936 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 2.22, and is based on 2 buy ratings, 7 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Simon Property Group has only been the subject of 2 research reports in the past 90 days.

  • Read more about Simon Property Group's stock forecast and price target.
  • Earnings Growth

    Earnings for Simon Property Group are expected to decrease by -2.74% in the coming year, from $12.76 to $12.41 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Simon Property Group is 22.85, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.76.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Simon Property Group is 22.85, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 24.81.

  • Price to Earnings Growth Ratio

    Simon Property Group has a PEG Ratio of 10.50. 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 17.06. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    1.51% 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 3.4, 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 5.60%, indicating that investor sentiment is improving significantly.
  • Dividend Leadership

    Simon Property Group is a leading dividend payer. It pays a dividend yield of 4.90%, 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.

  • Read more about Simon Property Group's dividend.
  • Percentage of Shares Shorted

    1.51% 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 3.4, 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 5.60%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Simon Property Group has a news sentiment score of 0.75. 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 Week

    MarketBeat has tracked 7 news articles for Simon Property Group this week, compared to 11 articles on an average week.
  • Search Interest

    20 people have searched for SPG on MarketBeat in the last 30 days. This is an increase of 25% compared to the previous 30 days.
  • MarketBeat Follows

    6 people have added Simon Property Group to their MarketBeat watchlist in the last 30 days. This is an increase of 50% 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

Comparing Farmland Partners (NYSE:FPI) & Simon Property Group (NYSE:SPG)
Has Trump Finally Gone Too Far?
Lately, there's been a lot of buzz around a secret loophole executive insiders are using to make millions buying and selling their own stocks. It's so powerful ... so profitable ... that most people immediately assume this is just another example of Trump doing what's best for business executives. But surprisingly, this loophole has been on the books for many years and executives have been using it to make HUNDREDS of millions of dollars. And here's the good news.
Truist Financial Keeps Their Hold Rating on Simon Property (SPG)
P/E Ratio Insights for Simon Property Group
See More Headlines

SPG Stock Analysis - Frequently Asked Questions

Simon Property Group's stock was trading at $142.64 at the beginning of the year. Since then, SPG stock has increased by 20.3% and is now trading at $171.61.
View the best growth stocks for 2024 here
.

Simon Property Group, Inc. (NYSE:SPG) posted its quarterly earnings data on Friday, November, 1st. The real estate investment trust reported $1.46 earnings per share for the quarter, missing analysts' consensus estimates of $3.00 by $1.54. Simon Property Group's quarterly revenue was up 4.9% compared to the same quarter last year.
Read the conference call transcript
.

Simon Property Group's Board of Directors initiated a stock buyback 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 reacquire up to 4.2% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's management believes its stock is undervalued.

Simon Property Group's top institutional investors 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
.

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 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
Ex-Dividend for 12/30 Dividend
12/09/2024
Today
12/23/2024
Dividend Payable
12/30/2024
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
$169.22
High Stock Price Target
$195.00
Low Stock Price Target
$145.00
Potential Upside/Downside
-1.4%
Consensus Rating
Hold
Rating Score (0-4)
2.22
Research Coverage
9 Analysts

Profitability

Net Income
$2.28 billion
Pretax Margin
45.16%

Debt

Sales & Book Value

Annual Sales
$5.91 billion
Cash Flow
$11.01 per share
Book Value
$10.06 per share

Miscellaneous

Free Float
298,544,000
Market Cap
$55.99 billion
Optionable
Optionable
Beta
1.75

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This page (NYSE:SPG) was last updated on 12/23/2024 by MarketBeat.com Staff
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