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Simon Property Group, Inc. (SPG)

Stock Price: $124.15 USD -0.95 (-0.76%)
Updated Jul 23, 2021 4:00 PM EDT - Market closed
After-hours: $123.71 -0.44 (-0.35%) Jul 23, 7:36 PM
Market Cap 40.76B
Revenue (ttm) 4.49B
Net Income (ttm) 1.12B
Shares Out 328.50M
EPS (ttm) 3.55
PE Ratio 34.93
Forward PE 28.82
Dividend $5.20
Dividend Yield 4.19%
Trading Day July 23
Last Price $124.15
Previous Close $125.10
Change ($) -0.95
Change (%) -0.76%
Day's Open 125.85
Day's Range 122.85 - 126.67
Day's Volume 1,364,630
52-Week Range 55.81 - 135.23

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Which of these retail REITs is the better fit for your portfolio now?

Other stocks mentioned: O
4 hours ago - The Motley Fool

This REIT has more than doubled over the past year, but it is still unloved on Wall Street. That could change as dividend growth comes back.

2 days ago - The Motley Fool

Stifel has announced it is upgrading Simon Property Group Inc (NYSE:SPG) from Hold to Buy and raising its target price from $125 to $132. What Happened: The Indianapolis-headquartered Simon Property Gro...

3 days ago - Benzinga

INDIANAPOLIS, July 15, 2021 /PRNewswire/ -- Simon, a global leader in the ownership of premier shopping, dining, entertainment and mixed-use destinations, today announced details for its second quarter ...

1 week ago - PRNewsWire

FARGO, N.D., July 14, 2021 /PRNewswire/ --  SCHEELS , an employee-owned all sports retailer, is excited to announce its second SCHEELS location coming to Kansas.

1 week ago - PRNewsWire

Jim Cramer stock picks to benefit from enhanced child tax credit

YouTube video

CNBC's Jim Cramer breaks down why he expects Levi's, American Eagle Outfitters, Dick's Sporting Goods and Simon Property Group to receive a boost from the program.

Other stocks mentioned: AEO, DKS, LEVI
1 week ago - CNBC Television

Now that the economy is slowly getting back on its feet, there could be some really lucrative opportunities in real estate investing. One of the best ways to invest and see your income grow is by going ...

Other stocks mentioned: AMT, DLR, PSA, STAG
1 week ago - Benzinga

Authentic Brands, which owns retailers such as JCPenney and Forever 21, will go public with ticker symbol AUTH on the NYSE.

Other stocks mentioned: BAC, BLK, GS, JPM
2 weeks ago - Investopedia

Simon Property's (SPG) leasing to Swiss chocolate retailer is in line with the company's strategy to boost its tenant mix and enhance shoppers' footfall at these properties.

2 weeks ago - Zacks Investment Research

This landlord was hit hard, but it's already showing signs of an important business upturn. If history is any guide, now is the time to act.

2 weeks ago - The Motley Fool

NEW YORK, July 7, 2021 /PRNewswire/ -- Läderach – chocolatier suisse has just announced it has signed lease agreements with Simon to open 15 new premium chocolate stores from coast-to-coast starting in ...

2 weeks ago - PRNewsWire

Despite the e-commerce headwinds in the retail industry, here's one stock to put on your radar.

3 weeks ago - The Motley Fool

Long-term investors could find tremendous value in this sector.

Other stocks mentioned: EPR, O, SKT, SRG
3 weeks ago - The Motley Fool

Is the reopening all priced in, or is there more upside ahead?

Other stocks mentioned: EPR, O, PFE, SKT, SRG
3 weeks ago - The Motley Fool

Final Trades: Morgan Stanley, Emerson Electric, Simon Property & more

YouTube video

The "Halftime Report" traders give their top picks to watch for the second half.

Other stocks mentioned: EMR, MS
3 weeks ago - CNBC Television

The shares of real estate concern Simon Property Group (SPG) have enjoyed a sunny year thus far, adding 53.9% in 2021 to hit a June 8, roughly two-year high of $136.70.

3 weeks ago - Forbes

The mall industry was struggling even before the pandemic, so should investors stay away?

Other stocks mentioned: PLAY, SRG
3 weeks ago - The Motley Fool

We now have three mall REITs that have declared bankruptcy in 2021.

Other stocks mentioned: WPG
4 weeks ago - The Motley Fool

Simon Property's (SPG) announcement of a dividend hike amid the resumption of the economy and improving leasing environment brings down concerns about its cash flows.

1 month ago - Zacks Investment Research

INDIANAPOLIS, June 21, 2021 /PRNewswire/ -- Simon, a global leader in the ownership of premier shopping, dining, entertainment and mixed-use destinations, today announced a 7.7% increase in its common s...

1 month ago - PRNewsWire

Within the last quarter, Simon Property Group (NYSE:SPG) has observed the following analyst ratings: Last 30 Days 1 Month Ago 2 Months Ago 3 Months Ago Bullish 0 1 1 0 Somewhat Bullish 1 2 1 1 Indiffere...

1 month ago - Benzinga

Simon Property (SPG) reported earnings 30 days ago. What's next for the stock?

1 month ago - Zacks Investment Research

There's still plenty of room to run for these businesses that also reward shareholders with juicy payouts.

Other stocks mentioned: AAP, BEN
1 month ago - The Motley Fool

A cheap price can sometimes disguise an outstanding opportunity.

Other stocks mentioned: CRON, HZON, POWW
1 month ago - The Motley Fool

Robert Karr (Trades, Portfolio), founder of New York-based Joho Capital, disclosed five new positions in his first-quarter portfolio, which was released earlier this month.

Other stocks mentioned: ADSK, APH, CDAY, DT, GPN, UBER
1 month ago - GuruFocus

The brand development and management company could seek a $10 billion valuation.

Other stocks mentioned: BPY
1 month ago - The Motley Fool

Wall Street issues about eight buy recommendations for every sell recommendation. But at times, knowing when to sell is the most important skill in the stock market.

Other stocks mentioned: MDLZ, MNST, PG, TGTX, TVTY
2 months ago - GuruFocus

This out-of-favor REIT is already seeing business pick back up -- and it will only get better from here.

2 months ago - The Motley Fool

Adding more distressed retailers to its portfolio could hurt it down the road.

2 months ago - The Motley Fool

Final Trades: AT&T, Simon Property Group, Unity Software & more

YouTube video

The "Halftime Report" traders give their top picks to watch for the second half.

Other stocks mentioned: T, U
2 months ago - CNBC Television

The biggest mall owner made big progress in its post-pandemic recovery last quarter.

2 months ago - The Motley Fool

The country's largest mall owner said the improving domestic economy is driving an increase in shopper sentiment and improving foot traffic and sales across its global commercial real estate portfolio. ...

2 months ago - PYMNTS

Simon Property's (SPG) Q1 results reflect better-than-expected top-line growth. With an improving operating environment, the retail REIT also raised the 2021 FFO per share outlook.

2 months ago - Zacks Investment Research

It was a far more upbeat tone in an earnings report than has been heard in some time out of the nation's largest mall owner, Simon Property Group, as shoppers have reportedly started to return to physic...

2 months ago - PYMNTS

Simon Property (SPG) delivered FFO and revenue surprises of 10.22% and 8.10%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

2 months ago - Zacks Investment Research

Mall owner Simon Property says shoppers are getting back to malls, but that it's hard to predict what traffic trends are going to look like one year from now.

2 months ago - CNBC

Courtney Reagan on Simon Property Group Q1 earnings

YouTube video

Courtney Reagan joins "Closing Bell" to discuss Simon Property Group's first quarter earnings. As of March 31, the mall operator had 90.8 percent occupancy levels.

2 months ago - CNBC Television

(Reuters) -Simon Property Group Inc reported an 8.4% drop in quarterly revenue on Monday, as the largest U.S. mall owner collected less rent from tenants who are still dealing with the effects of the CO...

2 months ago - Reuters

INDIANAPOLIS, May 10, 2021 /PRNewswire/ -- Simon, a global leader in the ownership of premier shopping, dining, entertainment and mixed-use destinations, today reported results for the quarter ended Mar...

2 months ago - PRNewsWire

The mall operator's joint venture SPARC Group enters the outdoor apparel market this time.

2 months ago - The Motley Fool

Eddie Bauer, the 100-year-old outdoor sportswear retailer, will become the sixth retail brand added to the stable of SPARC Group, a four-year-old joint venture between mall owner Simon Property Group an...

2 months ago - PYMNTS

Top U.S. mall owner Simon Property Group Inc and Authentic Brands Group LLC have agreed to buy Eddie Bauer, adding the outdoor gear and apparel retailer to a brand marquee housing Aéropostale, Forever 2...

2 months ago - Reuters

While efforts to support omni-channel retailing and solid balance-sheet will help Simon Property (SPG) sail through, its Q1 results might reflect retail bankruptcies, store closings and rent-collection ...

2 months ago - Zacks Investment Research

How Biden's plan to tax real estate investors could affect the industry

YouTube video

Spencer Rascoff, Pacaso co-founder and former Zillow Group CEO, joins 'Squawk on the Street' to discuss Biden's proposed tax hike on real estate investors and what it could mean for the real estate indu...

Other stocks mentioned: AMT, DLR, PSA, STAG
2 months ago - CNBC Television

America's top shopping mall operator's plans to transform itself should reap dividends in the long run.

2 months ago - The Motley Fool

According to the GuruFocus All-in-One Screener, a Premium feature, the following guru-owned real estate companies have outperformed the S&P 500 Index over the past 12 months through April 29.

Other stocks mentioned: CBRE, CSGP, WELL, WY
2 months ago - GuruFocus

The turnaround might take longer than people expect.

2 months ago - The Motley Fool

Evercore ISI has upgraded its rating of Simon Property Group Inc (NYSE: SPG) from an Inline rating to an Outperform, with a price target upgraded from $112 to $128. Simon Says And Does: The Indianapolis...

2 months ago - Benzinga

These 7 stocks to buy should benefit from a reopening economy as people return to their old leisure activities. The post 7 Stocks That Will Benefit From Pent-Up Demand appeared first on InvestorPlace.

Other stocks mentioned: AMC, CCL, DIS, LUV, LYV, MGM
3 months ago - InvestorPlace

On the hunt for bargains? Here's how these three stocks can add muscle to your portfolio.

Other stocks mentioned: JD, TLRY
3 months ago - The Motley Fool

About 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.

Industry
REIT-Retail
IPO Date
Dec 13, 1993
CEO
David Simon
Employees
2,400
Stock Exchange
NYSE
Ticker Symbol
SPG
Full Company Profile

Financial Performance

In 2020, SPG's revenue was $4.61 billion, a decrease of -19.94% compared to the previous year's $5.76 billion. Earnings were $1.11 billion, a decrease of -47.06%.

Financial Statements

Analyst Forecasts

According to 19 analysts, the average rating for SPG stock is "Buy." The 12-month stock price forecast is 138.71, which is an increase of 11.73% from the latest price.

Price Target
$138.71
(11.73% upside)
Analyst Consensus: Buy