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

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Simon Property Group in the last twelve months. There are currently 5 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" SPG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SPG, but not buy additional shares or sell existing shares.
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9 analysts have issued 1-year target prices for Simon Property Group's stock. Their SPG share price targets range from $106.00 to $172.00. On average, they predict the company's share price to reach $141.40 in the next twelve months. This suggests that the stock has a possible downside of 5.0%.
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Simon Property Group's stock was trading at $142.64 at the beginning of 2024. Since then, SPG shares have increased by 4.3% and is now trading at $148.79.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 7th 2024.
View our SPG earnings forecast.

Simon Property Group, Inc. (NYSE:SPG) issued its quarterly earnings results on Monday, May, 6th. The real estate investment trust reported $2.25 EPS for the quarter, missing the consensus estimate of $2.80 by $0.55. The real estate investment trust had revenue of $1.44 billion for the quarter, compared to analysts' expectations 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%. The business's revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.74 earnings per share.
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Simon Property Group declared 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 dividend yield of 5.38%. 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.

Simon Property Group (NYSE:SPG) pays an annual dividend of $7.80 per share and currently has a dividend yield of 5.19%. SPG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 99.36%. 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 62.75% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SPG.

ETFs with the largest weight of Simon Property Group (NYSE:SPG) stock in their portfolio include iShares US Credit Bond ETF (CRED), iShares Cohen & Steers REIT ETF (ICF), FlexShares Global Quality Real Estate Index Fund (GQRE), Real Estate Select Sector SPDR Fund (XLRE), ALPS Active REIT ETF (REIT), SPDR Dow Jones REIT ETF (RWR), Invesco Active U.S. Real Estate ETF (PSR) and IQ CBRE Real Assets ETF (IQRA).

Simon Property Group announced that its Board of Directors has initiated a share buyback program on Thursday, February 8th 2024, which permits the company to repurchase $2,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 4.2% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

Simon Property Group updated its FY 2024 earnings guidance on Monday, May, 6th. The company provided earnings per share guidance of 12.750-12.900 for the period, compared to the consensus estimate of 12.080. The company issued revenue guidance of -.

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.

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).

Simon Property Group's stock is owned by a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (14.23%), Price T Rowe Associates Inc. MD (1.36%), Daiwa Securities Group Inc. (1.29%), Bank of New York Mellon Corp (0.78%), Centersquare Investment Management LLC (0.56%) and Russell Investments Group Ltd. (0.49%). Insiders that own company stock include Brian J Mcdade, Karen N Horn, Marta R Stewart, Peggy Fang Roe, Reuben S Leibowitz and Simon Property Group Inc /De/.
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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.
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