NYSE:SPG Simon Property Group (SPG) Stock Price, News & Analysis $146.52 -5.28 (-3.48%) (As of 07/1/2024 ET) Add Compare Share Share Today's Range$145.88▼$151.4050-Day Range$140.18▼$153.7852-Week Range$102.11▼$157.82Volume1.43 million shsAverage Volume1.51 million shsMarket Capitalization$47.76 billionP/E Ratio18.66Dividend Yield5.46%Price Target$147.60 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends Simon Property Group MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside0.7% Upside$147.60 Price TargetShort InterestHealthy1.52% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-3.10Upright™ Environmental ScoreNews Sentiment0.41Based on 16 Articles This WeekInsider TradingAcquiring Shares$24,054 Bought Last QuarterProj. Earnings Growth-3.43%From $12.84 to $12.40 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.3.29 out of 5 starsFinance Sector422nd out of 865 stocksReal Estate Investment Trusts Industry83rd out of 174 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 2.50, and is based on 5 buy ratings, 5 hold ratings, and no sell ratings.Amount of Analyst CoverageSimon 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. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.52% 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 3.5, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Simon Property Group has recently increased by 12.84%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend LeadershipSimon Property Group is a leading dividend payer. It pays a dividend yield of 5.27%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthSimon Property Group does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Simon Property Group is 101.91%. 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 64.52% 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. 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 2.5 News and Social Media Coverage News SentimentSimon Property Group has a news sentiment score of 0.41. 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 0.78 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 16 news articles for Simon Property Group this week, compared to 9 articles on an average week.Search InterestOnly 32 people have searched for SPG on MarketBeat in the last 30 days. This is a decrease of -14% compared to the previous 30 days.MarketBeat Follows15 people have added Simon Property Group to their MarketBeat watchlist in the last 30 days. This is an increase of 7% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Simon Property Group insiders have bought more of their company's stock than they have sold. Specifically, they have bought $24,054.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 8.60% of the stock of Simon Property Group is held by insiders.Percentage Held by Institutions93.01% 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. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Simon Property Group are expected to decrease by -3.43% in the coming year, from $12.84 to $12.40 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Simon Property Group is 18.66, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 138.18.Price to Earnings Ratio vs. SectorThe P/E ratio of Simon Property Group is 18.66, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 46.69.Price to Earnings Growth RatioSimon Property Group has a PEG Ratio of 9.02. 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 14.56. 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. Previous Next See Top Rated MarketRank™ Stocks Here Ad Paradigm PressDid Joe Biden just reveal his replacement?The Democrats are scheming to remove Biden as their presidential nominee… And absolute chaos will ensue.I’ve created a crisis plan with everything you need to know right 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 HeadlinesJune 28 at 7:06 PM | seekingalpha.comSimon Property Group: Further Stock Price Recovery Is UncertainJune 28 at 11:16 AM | investorplace.comThe 3 Best Dividend Stocks to Secure Steady Income This YearJuly 1, 2024 | Crypto 101 Media (Ad)The #1 Crypto That You Don’t Own… YetThere’s all kinds of “signals” to follow when investing in cryptos. But there’s one signal you should pay attention to above all others: Venture capital firms. You want to follow venture capital money into cryptocurrencies before anyone gets word of what’s happening.June 28 at 1:26 AM | americanbankingnews.comZacks Research Comments on Simon Property Group, Inc.'s Q3 2024 Earnings (NYSE:SPG)June 26, 2024 | americanbankingnews.comZacks Research Analysts Lower Earnings Estimates for Simon Property Group, Inc. (NYSE:SPG)June 23, 2024 | americanbankingnews.comSimon Property Group, Inc. (NYSE:SPG) Receives Consensus Recommendation of "Moderate Buy" from BrokeragesJune 19, 2024 | investorplace.com7 High-Yield Dividend Stock Heroes for Robust Passive IncomeJune 19, 2024 | investorplace.com3 Stocks to Sell in June Before They Crash & BurnJuly 1, 2024 | Crypto 101 Media (Ad)The #1 Crypto That You Don’t Own… YetThere’s all kinds of “signals” to follow when investing in cryptos. But there’s one signal you should pay attention to above all others: Venture capital firms. You want to follow venture capital money into cryptocurrencies before anyone gets word of what’s happening.June 18, 2024 | prnewswire.comCAMP, The Family Experience Company, and Simon Announce Collaboration to Bring Play-and-Shop Retail Experiences to Families in Philadelphia & HoustonJune 14, 2024 | prnewswire.comPHOENIX - New Joint Venture Led by WHP Global - Receives Court Approval to Acquire Operations of Express Retail CompanyJune 12, 2024 | seekingalpha.comSimon Property Group: Simon Says, No Bargains TodayJune 7, 2024 | seekingalpha.comSimon Property Group Can Go Higher After Increased Dividend And 2024 GuidanceJune 7, 2024 | seekingalpha.comSimon Property Group: Still Undervalued With Well-Covered DividendJune 5, 2024 | fool.com2 Dividend Stocks Yielding Over 5% I'd Buy Right NowMay 29, 2024 | finance.yahoo.comShopping Mall Giant Attracts Buyers As Company Raises Guidance, DividendMay 27, 2024 | seekingalpha.comMall ManiaMay 23, 2024 | finance.yahoo.com4 REITs With Recent Price Target IncreasesMay 21, 2024 | markets.businessinsider.comSimon Property Announces a Revamp of Fashion ValleyMay 20, 2024 | finance.yahoo.comSIMON® ANNOUNCES NEW LUXURY LIFESTYLE MIXED-USE DEVELOPMENT AT FASHION VALLEY, SAN DIEGO'S TOP SHOPPING DESTINATIONMay 20, 2024 | prnewswire.comSIMON® ANNOUNCES NEW LUXURY LIFESTYLE MIXED-USE DEVELOPMENT AT FASHION VALLEY, SAN DIEGO'S TOP SHOPPING DESTINATIONMay 17, 2024 | fool.com3 Stocks That Have Doubled My Money Already but Still Look Like Dirt Cheap BargainsMay 16, 2024 | markets.businessinsider.comA Closer Look at 5 Analyst Recommendations For Simon Property GroupMay 16, 2024 | prnewswire.comSimon® Reinvesting in Houston's The Galleria™, One of the Most Iconic, Luxurious Shopping Centers in the U.S.May 13, 2024 | finance.yahoo.comThese Top Retail REITs Yield Up to 5.4% and Have Been Growing Their DividendsMay 13, 2024 | investorplace.com3 Cheap REITs to Buy Now: May 2024May 13, 2024 | investorplace.comShock Economic Slowdown: 3 Stocks to Sell NOW as Residual Seasonality Upends ForecastsSee More Headlines Company Calendar Last Earnings5/06/2024Ex-Dividend for 6/28 Dividend6/07/2024Dividend Payable6/28/2024Today7/01/2024Next Earnings (Estimated)8/07/2024Fiscal 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) 636-1600Fax317-685-7222Employees3,000Year Founded1993Price Target and Rating Average Stock Price Target$147.60 High Stock Price Target$172.00 Low Stock Price Target$124.00 Potential Upside/Downside+0.8%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage10 Analysts Profitability EPS (Most Recent Fiscal Year)$7.85 Trailing P/E Ratio18.64 Forward P/E Ratio11.40 P/E Growth9.02Net Income$2.28 billion Net Margins46.49% Pretax Margin47.85% Return on Equity78.50% Return on Assets7.99% Debt Debt-to-Equity Ratio7.20 Current Ratio2.19 Quick Ratio2.19 Sales & Book Value Annual Sales$5.66 billion Price / Sales8.43 Cash Flow$11.10 per share Price / Cash Flow13.18 Book Value$10.06 per share Price / Book14.55Miscellaneous Outstanding Shares325,940,000Free Float297,913,000Market Cap$47.70 billion OptionableOptionable Beta1.75 Social Links Key ExecutivesMr. David E. Simon (Age 62)Chairman, CEO & President Comp: $5.56MMr. Brian J. McDade (Age 45)Executive VP & CFO Comp: $1.56MMr. Adam J. Reuille (Age 49)Senior VP & Chief Accounting Officer Comp: $686.98kMr. John Rulli (Age 68)Chief Administrative Officer Comp: $1.59MMr. Steven E. Fivel (Age 63)General Counsel & Secretary Comp: $1.59MMr. Steven K. Broadwater (Age 57)Senior Vice President of Financial Reporting & Operations Mr. Stanley Shashoua (Age 53)Chief Investment Officer Joseph W. ChiappettaSenior VP of Business Solutions & Chief Technology OfficerMr. Thomas Ward (Age 55)Senior Vice President of Investor Relations Lee SterlingChief Marketing OfficerMore ExecutivesKey CompetitorsRealty IncomeNYSE:OKimco RealtyNYSE:KIMFederal Realty Investment TrustNYSE:FRTNNN REITNYSE:NNNAgree RealtyNYSE:ADCView All CompetitorsInsiders & InstitutionsLazari Capital Management Inc.Sold 101 shares on 6/24/2024Ownership: 0.001%Lasalle Investment Management Securities LLCSold 76,979 shares on 6/14/2024Ownership: 0.146%DekaBank Deutsche GirozentraleBought 2,205 shares on 6/4/2024Ownership: 0.078%Soltis Investment Advisors LLCSold 18,767 shares on 5/29/2024Ownership: 0.007%Pathway Financial Advisers LLCBought 182 shares on 5/29/2024Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions Should I Buy Simon Property Group Stock? SPG Pros and Cons Explained Pros Here are some ways that investors could benefit from investing in Simon Property Group, Inc.: Simon Property Group has consistently increased its dividend, with a recent quarterly dividend raise from $1.95 to $2.00, indicating strong financial health and commitment to rewarding shareholders. The company has a solid track record of revenue growth, with a 6.8% increase in quarterly revenue compared to the same period last year, showcasing positive business performance. Analysts anticipate Simon Property Group to post a high EPS of 12.84 for the current fiscal year, indicating strong earnings potential and financial stability. Recent analyst ratings on the stock have been positive, with a consensus rating of "Moderate Buy" and an average price target of $147.60, suggesting growth potential. Despite a slight decrease in stock price by 0.1%, Simon Property Group's stock has been relatively stable, providing investors with a consistent investment option. Cons Investors should be bearish about investing in Simon Property Group, Inc. for these reasons: The company's dividend payout ratio is currently high at 101.91%, which may raise concerns about sustainability and potential limitations on future dividend increases. Simon Property Group's PE ratio of 18.62 and PEG ratio of 8.70 indicate that the stock may be overvalued compared to its earnings growth potential, potentially leading to limited capital appreciation. The company's debt-to-equity ratio of 7.20 is relatively high, suggesting a significant reliance on debt financing which could pose risks during economic downturns or rising interest rates. While the stock has received positive ratings, there are concerns about market volatility and the company's beta of 1.71, indicating higher sensitivity to market movements compared to the overall market. Simon Property Group's recent earnings report showed a miss on EPS estimates, which could signal potential challenges in meeting future earnings expectations and impact investor confidence. 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 Thursday, June 27, 2024. Please send any questions or comments about these Simon Property Group pros and cons to contact@marketbeat.com. SPG Stock Analysis - Frequently Asked Questions Should I buy or sell Simon Property Group stock right now? 10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Simon Property Group in the last year. There are currently 5 hold ratings and 5 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? 10 equities research analysts have issued 12 month price targets for Simon Property Group's shares. Their SPG share price targets range from $124.00 to $172.00. On average, they expect the company's share price to reach $147.60 in the next twelve months. This suggests a possible upside of 0.7% from the stock's current price. 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 stock has increased by 2.7% and is now trading at $146.52. 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 Wednesday, August 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 results on Monday, May, 6th. The real estate investment trust reported $2.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.80 by $0.55. The real estate investment trust earned $1.44 billion during the quarter, compared to analyst estimates of $1.31 billion. Simon Property Group had a net margin of 46.49% and a trailing twelve-month return on equity of 78.50%. Simon Property Group's revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the company posted $2.74 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, May 6th. Shareholders of record on Friday, June 7th will be paid a dividend of $2.00 per share on Friday, June 28th. This represents a $8.00 dividend on an annualized basis and a yield of 5.46%. The ex-dividend date is Friday, June 7th. This is a boost from the stock's previous quarterly dividend of $1.95. Read our dividend analysis for SPG. Is Simon Property Group a good dividend stock? Simon Property Group (NYSE:SPG) pays an annual dividend of $8.00 per share and currently has a dividend yield of 5.27%. SPG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 101.91%. 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 64.52% 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), FlexShares Global Quality Real Estate Index Fund (GQRE), iShares Cohen & Steers REIT ETF (ICF), ALPS Active REIT ETF (REIT), Real Estate Select Sector SPDR Fund (XLRE), IQ CBRE Real Assets ETF (IQRA), SPDR Dow Jones REIT ETF (RWR) and First Trust S&P REIT Index Fund (FRI). How will Simon Property Group's stock buyback program work? Simon Property Group declared that its board has authorized a share buyback plan on Thursday, February 8th 2024, which allows the company to repurchase $2,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy up to 4.2% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's management believes its stock is undervalued. What guidance has Simon Property Group issued on next quarter's earnings? Simon Property Group updated its FY 2024 earnings guidance on Monday, May, 6th. The company provided earnings per share (EPS) guidance of 12.750-12.900 for the period, compared to the consensus estimate of 12.080. 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). 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 7/1/2024 by MarketBeat.com Staff From Our PartnersBuy this small stock before coming AI Tidal WaveThe internet generated more wealth than any other innovation in history - creating hundreds of thousands of ne...Chaikin Analytics | SponsoredBiden Nomination CANCELED?And I believe when they do take the oath of office, their fingers will be crossed… and America will descend in...The Freeport Society | Sponsored1k a day while computer does all work?What I discovered is now helping me take in more than 1k a day. It's like a "magic key" to passive income ...Digital Mavericks Media | SponsoredBiden Debate DisasterBiden was a disaster in the debate. Trump looked 100% more presidential. Biden’s campaign is DONE… But t...Banyan Hill Publishing | Sponsored270x more lucrative than NVIDIA???If you've missed out on NVIDIA's recent 1,600% run... Don't worry. Because there's one AI stock that cou...Behind the Markets | SponsoredThe End of Privacy for Americans… Get Out of Cash Now!Unlock the Secret to Outsmarting Inflation with "The Trump Loophole" That investment? Gold.Golden Crest | SponsoredThe asset beating inflation by 4xCentral Bank Gold Heist In Progress Central banks are buying gold at record rates... and billionaire invest...Colonial Metals | SponsoredCatalyst Could Trigger 10,000% Crypto GainsFor the past few months, Bitcoin has been trading flat… It's been stuck around the $60,000 to $72,000 range...Crypto 101 Media | Sponsored Adding Choose a watchlist: Watchlist My Default Watchlist Adding Simon Property Group, Inc. You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Please log in to your account or sign up in order to add this asset to your watchlist. Share Simon Property Group With A Colleague Link copied to clipboard. Get 30 Days of MarketBeat All Access for Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools. Start Your 30-Day Trial MarketBeat All Access Features Best-in-Class Portfolio Monitoring Get personalized stock ideas. Compare portfolio to indices. Check stock news, ratings, SEC filings, and more. Stock Ideas and Recommendations See daily stock ideas from top analysts. Receive short-term trading ideas from MarketBeat. Identify trending stocks on social media. Advanced Stock Screeners and Research Tools Use our seven stock screeners to find suitable stocks. Stay informed with MarketBeat's real-time news. Export data to Excel for personal analysis. Questions? Get Started with MarketBeat — Read Your Daily NewsletterCheck Out My MarketBeatWatch Our Tutorial VideosAdd a Stock to Your WatchlistSet Up an Instant AlertView a Company's Profile PageView Our Financial CalendarsView Today's Analyst Ratings Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Email Address Required Your Password: Password Required Log In or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Please enter your email address. Please enter a valid email address Choose a Password: Please enter your password. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.