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NYSE:SPG

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

$165.21
+0.86 (+0.52%)
(As of 12:13 PM ET)

About Simon Property Group Stock (NYSE:SPG)

Key Stats

Today's Range
$164.41
$167.04
50-Day Range
$148.05
$168.05
52-Week Range
$102.11
$169.18
Volume
457,573 shs
Average Volume
1.45 million shs
Market Capitalization
$53.87 billion
P/E Ratio
21.05
Dividend Yield
4.96%
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

Overall MarketRank™: 84th Percentile

Simon Property Group scored higher than 84% of companies evaluated by MarketBeat, and ranked 238th out of 908 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 21.10, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.52.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Simon Property Group is 21.10, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 49.20.

  • Price to Earnings Growth Ratio

    Simon Property Group has a PEG Ratio of 9.04. 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 16.46. 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

    1.54% 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 3.5, 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 2.05%, indicating that investor sentiment is decreasing.
  • Dividend Leadership

    Simon Property Group is a leading dividend payer. It pays a dividend yield of 4.97%, 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

    1.54% 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 3.5, 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 2.05%, indicating that investor sentiment is decreasing.
  • News Sentiment

    Simon Property Group has a news sentiment score of 0.60. 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 14 news articles for Simon Property Group this week, compared to 9 articles on an average week.
  • Search Interest

    35 people have searched for SPG on MarketBeat in the last 30 days. This is an increase of 59% compared to the previous 30 days.
  • MarketBeat Follows

    Only 13 people have added Simon Property Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -19% 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 $72,983.00 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.

SPG Stock News Headlines

Tweezers with gold nugget above pile on grey table, closeup
3 Stocks Increasing Dividend Payouts Ahead of Interest Rate Cuts (SPG)
Three stocks stand out as potential runners in the coming months as management decided to boost their dividend payouts ahead of interest rate cuts
China Stockpiling Gold “Like No Tomorrow”
For 18 consecutive months, China’s central bank has increased its gold reserve. The country, with a population of over 1.4 BILLION is “buying gold like there’s no tomorrow,” according to The New York Times. China, a rising global economic threat, aims to reduce its dependence on the US dollar… .
Simon Property Group (NYSE:SPG) Lifted to "Outperform" at Evercore ISI
Stifel Downgrades Simon Property Group (SPG)
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 16.1% and is now trading at $165.63.
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 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.93 by $1.42. The firm's quarterly revenue was up 4.8% on a year-over-year basis.
Read the conference call transcript
.

Simon Property Group's Board of Directors approved a stock buyback plan on Thursday, February 8th 2024, which authorizes the company to buy back $2,000,000,000 in outstanding shares, according to EventVestor. This means that the company could purchase up to 4.2% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

Top institutional shareholders of Simon Property Group include Legal & General Group Plc (1.47%), Dimensional Fund Advisors LP (1.42%), Daiwa Securities Group Inc. (1.10%) and Bank of New York Mellon Corp (0.75%). Insiders that own company stock include Reuben S Leibowitz, 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

Ex-Dividend for 6/28 Dividend
6/07/2024
Dividend Payable
6/28/2024
Last Earnings
8/05/2024
Ex-Dividend for 9/30 Dividend
9/09/2024
Today
9/19/2024
Dividend Payable
9/30/2024
Next Earnings (Estimated)
11/04/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
REIT - Retail
Sub-Industry
Retail REITs
CUSIP
82880610
Employees
2,500
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
-1.0%
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
$5.84 billion
Cash Flow
$11.57 per share
Book Value
$10.06 per share

Miscellaneous

Free Float
298,239,000
Market Cap
$53.57 billion
Optionable
Optionable
Beta
1.74

Social Links

Should I Buy Simon Property Group Stock? SPG Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, September 8, 2024. Please send any questions or comments about these Simon Property Group pros and cons to contact@marketbeat.com.

Simon Property Group
Bull Case

green Wall Street bull icon

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

  • Simon Property Group, Inc. has shown consistent growth in its stock price, reaching a 1-year high of $169.18, indicating positive market sentiment.
  • The company has a strong portfolio of real estate assets, particularly in the retail sector, which provides stable income streams and potential for long-term capital appreciation.
  • Recent insider buying activity, such as Director Reuben S. Leibowitz purchasing shares, can signal confidence in the company's future performance.
  • Institutional investors and hedge funds own a significant portion of the company's stock (93.01%), indicating trust and support from large financial entities.
  • Analysts have raised price targets for Simon Property Group, with positive ratings and outlooks, suggesting a favorable investment opportunity.

Simon Property Group
Bear Case

red Wall Street bear icon

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

  • The real estate sector can be sensitive to economic downturns, impacting property values and rental income, which may affect the company's financial performance.
  • Market volatility and interest rate fluctuations can influence real estate investment trust (REIT) stocks like Simon Property Group, leading to potential price swings.
  • While insider buying can be positive, it can also be a signal of uncertainty or challenges within the company, requiring careful evaluation of the reasons behind such transactions.
  • Changes in consumer behavior, such as the shift towards online shopping, could pose challenges to traditional retail-focused real estate companies like Simon Property Group.
  • Investors need to consider the overall economic environment and potential regulatory changes that may impact the real estate industry and Simon Property Group's operations.

This page (NYSE:SPG) was last updated on 9/19/2024 by MarketBeat.com Staff
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