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Simon Property Group, Inc. (SPG)

Stock Price: $93.91 USD 4.28 (4.78%)
Updated December 4, 4:00 PM EST - Market closed
After-hours: $93.52 -0.39 (-0.42%) Dec 4, 6:48 PM

SPG Stock Price Chart

Key Info

Market Cap 30.81B
Revenue (ttm) 4.96B
Net Income (ttm) 1.35B
Shares Out 305.90M
EPS (ttm) 4.40
PE Ratio 21.34
Forward PE n/a
Dividend $5.20
Dividend Yield 5.54%

Stock Quote

Trading Day December 4
Last Price $93.91
Previous Close $89.63
Change ($) 4.28
Change (%) 4.78%
Day's Open 92.24
Day's Range 90.71 - 94.36
Day's Volume 5,266,985
52-Week Range 42.35 - 141.96

SPG Stock News

The Motley Fool - 7 hours ago

Retail-focused landlords got a boost from vaccine news, but there are still material issues to face over the long term.

Other stocks mentioned: FRT, STOR
Seeking Alpha - 2 days ago

Big companies will inevitably face challenges. But the great companies can overcome them.

GuruFocus - 4 days ago

Dividend investors, or investors who focus on generating current period income, were hit hard earlier this year as many companies decided to halt or cut back on shareholder distributions due t...

Other stocks mentioned: BPY, MAC, SKT
Seeking Alpha - 5 days ago

Dividend growth investors focus on their dividend income. Writing covered calls against your positions is another way to produce income.

Seeking Alpha - 1 week ago

The current fears have created some Black Friday deals in the REIT world. Whether that's because certain REITs are directly tied to retail or not, there are still discounts to be had.

Other stocks mentioned: FRT, NNN, ROIC, UBA
Zacks Investment Research - 1 week ago

Bear Of The Day: Simon Property Group (SPG)

InvestorPlace - 1 week ago

These 10 stocks soared after earnings reports that not only provided a short-term boost, but strengthened the long-term case as well. The post 10 Winning Stocks To Buy After Big Q3 Earnings Re...

Other stocks mentioned: ALGN, ALTM, APPN, CPS, EBIX, GE, SNAP, SUP, TTD
PRNewsWire - 1 week ago

INDIANAPOLIS, Nov. 23, 2020 /PRNewswire/ -- Simon Property Group, Inc. (NYSE: SPG) ("Simon" or the "Company"), a real estate investment trust engaged in the ownership of premier shopping, dini...

Seeking Alpha - 1 week ago

This article has been a long time coming, with nearly 4.3% of my portfolio being invested in Simon Property Group. I'm long SPG at a comparatively appealing cost basis, around the current pric...

Seeking Alpha - 1 week ago

Billionaire investor Bruce Flatt is betting big on real estate and expects property prices to surge in the aftermath of this crisis. He believes that REITs are the best bargains in today's mar...

Other stocks mentioned: BAM, ESRT, FRT, KLPEF, MAC, SAFE
The Motley Fool - 1 week ago

Here are two stocks that could have lots of upside potential.

Other stocks mentioned: TGT
InvestorPlace - 2 weeks ago

SPG stock has declined as the company bets it can keep JCPenney alive and partner Authentic Brands can do the same in the rest of its malls.

The Motley Fool - 2 weeks ago

Simon Property Group's stock has been rising lately, but has it really turned the corner yet? Here's what you need to know.

Seeking Alpha - 2 weeks ago

While consumers have shifted to online shopping, malls will still be an important venue. SPG has had years of disciplined property and capital management, which makes it well positioned to man...

Zacks Investment Research - 2 weeks ago

Despite retail bankruptcies, store closures and rent-collection woes continuing to affect Simon Property (SPG), strategic capital raises for growth endeavors augur well for long-term growth.

Other stocks mentioned: TCO
PRNewsWire - 2 weeks ago

INDIANAPOLIS, Nov. 18, 2020 /PRNewswire/ -- Simon Property Group, Inc. (NYSE: SPG) ("Simon" or the "Company"), a real estate investment trust engaged in the ownership of premier shopping, dini...

The Motley Fool - 2 weeks ago

A deal cut in better times causes buyer's remorse for one real estate investment trust and its shareholders.

Other stocks mentioned: TCO
PRNewsWire - 2 weeks ago

INDIANAPOLIS, Nov. 18, 2020 /PRNewswire/ -- Simon Property Group, Inc. (NYSE: SPG) ("Simon" or the "Company"), a real estate investment trust engaged in the ownership of premier shopping, dini...

The Motley Fool - 2 weeks ago

Here are some of the stocks that should benefit most from a widely available vaccine.

Other stocks mentioned: AVB, EPR, SKT, WELL
PYMNTS - 2 weeks ago

Customer experience platform Narvar is partnering with real estate investment trust Simon to facilitate easier retail returns, according to a press release. "Despite our deep roots in eCommerc...

The Motley Fool - 2 weeks ago

How should investors look at a REIT's balance sheet?

Other stocks mentioned: DRE
Seeking Alpha - 2 weeks ago

Simon Property Group and Brookfield Property Partners obtained approval from bankruptcy court this week to buy the retail and operating assets of J. C. Penney, which had filed for bankruptcy i...

Other stocks mentioned: JCPNQ, BPR
CNBC - 2 weeks ago

Mall owner Simon Property will start using the concierge desks at a handful of its malls to accept retailers' returns, ahead of the holiday season.

Zacks Investment Research - 2 weeks ago

Simon (SPG) saw a big move last session, as its shares jumped nearly 6% on the day, amid huge volumes.

The Motley Fool - 2 weeks ago

Simon Property Group has agreed to go through with the purchase of an 80% stake in smaller rival Taubman in exchange for an 18% discount on the price per share.

Other stocks mentioned: TCO
The Motley Fool - 2 weeks ago

The on-again, off-again deal is apparently a go once again.

Other stocks mentioned: TCO
Forbes - 2 weeks ago

The two shopping center giants were set to combine in a deal valued at $3.6 billion, prior to the coronavirus pandemic's arrival in the U. S., but the merger in June was halted by Simon, which...

Other stocks mentioned: TCO
CNBC Television - 2 weeks ago

Don Peebles on the future of real estate after the pandemic

Don Peebles, The Peebles Corporation CEO, President Obama's National Finance Committee and former chairman of The Congressional Black Caucus Foundation, joins 'The Exchange' to discuss his out...

Other stocks mentioned: BPR, ESRT, MAC, TCO
New York Post - 2 weeks ago

Shopping mall giants Simon Property Group and Taubman Centers saw their stock prices spike Monday as they rescued a merger that was nearly scuttled by the coronavirus pandemic. Simon shares su...

Other stocks mentioned: TCO
Zacks Investment Research - 2 weeks ago

Simon Property (SPG) will now pay $43 per share in cash, down 18% from the previously-agreed price of $52.50 in February to purchase an 80% stake in Taubman Centers (TCO).

Other stocks mentioned: TCO
InvestorPlace - 2 weeks ago

Simon Property Group (SPG) news for Monday concerning an update to its deal with Taubman Centers (TCO) has SPG stock soaring higher. The post Simon Property Group News: Why SPG Stock Is Surgin...

CNBC Television - 2 weeks ago

Simon, Taubman revise deal, cut price to $43 a share from $52.50

CNBC's "Squawk on the Street" team discusses the Simon & Taubman revised deal, which cut price to $43 a share from $52.50. Simon to acquire 80% ownership, and the deal is expected to close lat...

Other stocks mentioned: TCO
PYMNTS - 2 weeks ago

Simon Property Group, Inc. and Taubman Centers, Inc. have changed their merger price to $43 per share in cash, according to a press release from Simon. The combination is anticipated to close ...

Other stocks mentioned: TCO
Seeking Alpha - 2 weeks ago

David Simon, Simon's CEO, speculated that opportunistic investments in distressed apparel retailers like Brooks Brothers and Lucky Brand will eventually make his Company more than a $1 billion...

The Motley Fool - 2 weeks ago

Will these be the first in a wave of mall REIT troubles?

Other stocks mentioned: ASNA
Seeking Alpha - 2 weeks ago

Simon Property Group has announced a new deal with Taubman Center at $800 million less and a 7.2% cap rate. The company has significantly improved its gathering rate on revenues, and we expect...

Other stocks mentioned: TCO
Benzinga - 2 weeks ago

Simon Property Group, Inc. (NYSE: SPG) and real estate investment trust Taubman Centers, Inc. (NYSE: TCO) have agreed to follow through on their merger deal at a revised price. What Happened: ...

Other stocks mentioned: TCO
CNBC - 2 weeks ago

Under the new deal, Simon Property Group will now pay $43 per share for Taubman Centers, down from an original price of $52.50.

Other stocks mentioned: TCO
Reuters - 2 weeks ago

Simon Property Group Inc , the biggest U.S. mall operator, said on Sunday it has agreed with Taubman Centers Inc to modify terms of their merger deal, including a revised purchase price of $43...

Other stocks mentioned: TCO
Market Watch - 2 weeks ago

High-end mall developer Taubman Centers Inc. has agreed to accept a price cut in its takeover by Simon Property Group Inc., in a move that will allow the companies to avoid a drawn-out legal b...

Other stocks mentioned: TCO
PRNewsWire - 2 weeks ago

INDIANAPOLIS and BLOOMFIELD HILLS, Mich., Nov. 15, 2020 /PRNewswire/ -- Simon Property Group, Inc. (NYSE: SPG) ("Simon") and Taubman Centers, Inc. (NYSE: TCO) ("Taubman") today announced that ...

Other stocks mentioned: TCO
Market Watch - 2 weeks ago

The largest retail REIT and mall owner in the U.S. is giving lenders on several of its shopping centers an early Christmas present: the keys back.

The Motley Fool - 3 weeks ago

Some of our favorite banks and real estate stocks are having their best rallies in years.

Other stocks mentioned: BAC, C, EPR, ESRT, GS, JPM, MS, SKT, WFC
Seeking Alpha - 3 weeks ago

REITs rose significantly when the vaccine news came out. But it's not too late to join the party.

Other stocks mentioned: SRC
Seeking Alpha - 3 weeks ago

Pushed to the brink by the pandemic, Mall REITs entered 2020 on unstable footing following a tsunami of store closings over the past decade, and the forthcoming vaccines may be too-little-too-...

Other stocks mentioned: BPYU, CBL, MAC, PEI, SKT, TCO, VNQ, WPG
The Motley Fool - 3 weeks ago

While key earnings metrics are still plunging on a year-over-year basis, cash rent collections have improved, driving positive cash flow for the largest retail REIT.

Fox Business - 3 weeks ago

JCPenney's retail and operating assets to be acquired by Brookfield Asset Management and Simon Property Group.

Other stocks mentioned: BPY, JCPNQ
Schaeffers Research - 3 weeks ago

The shares of Simon Property Group Inc (NYSESPG) are up 4.8% at $82.90 this morning, despite the mall giant reporting fourth-quarter earnings of $0.74 per share -- much lower than Wall Street'...

CNBC Television - 3 weeks ago

Simon Property Group CEO David Simon says some mall tenants refuse to pay rent

Simon Property Group was asked this past weekend to close its Cielo Vista Mall in El Paso, Texas, again, as Covid-19 cases in the area are on the rise, Chief Executive David Simon said Monday....

Fox Business - 3 weeks ago

U.S. retailers are struggling to pay rent in the wake of the COVID-19 pandemic, according to the country's largest mall operator.

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.... Full company profile.

Industry
REIT-Retail
IPO Date
Dec 13, 1993
CEO
David Simon
Employees
3,500
Stock Exchange
NYSE
Ticker Symbol
SPG
Full Company Profile

Financial Performance

In 2019, SPG's revenue was $5.76 billion, an increase of 1.95% compared to the previous year's $5.65 billion. Earnings were $2.10 billion, a decrease of -13.87%.

Financial Statements

Analyst Forecasts

According to 19 analysts, the average rating for SPG stock is "Buy." The 12-month stock price forecast is 88.38, which is a decrease of -5.89% from the latest price.

Price Target
$88.38
(-5.89% downside)
Analyst Consensus: Buy