SPG - Simon Property Group, Inc.
Chart Events
Bollinger Bands
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 72.88 |
| Open | 75.12 |
| Bid | 74.64 x 900 |
| Ask | 74.70 x 800 |
| Day's Range | 69.64 - 75.49 |
| 52 Week Range | 42.25 - 168.52 |
| Volume | 7,495,837 |
| Avg. Volume | 8,000,257 |
| Market Cap | 22.849B |
| Beta (5Y Monthly) | 0.52 |
| PE Ratio (TTM) | 10.03 |
| EPS (TTM) | 7.45 |
| Earnings Date | Jul 29, 2020 - Aug 03, 2020 |
| Forward Dividend & Yield | 8.40 (11.53%) |
| Ex-Dividend Date | Feb 13, 2020 |
| 1y Target Est | 78.21 |
Fair Value
Related Research
- Barrons.com
Gap Stock Is Falling After Simon Property Sues Over Unpaid Rent
In April, Gap said it had stopped paying rent on stores that were closed because of the coronavirus—bills that added up to about $115 million in monthly expenses in North America.
- TheStreet.com
Gap Shares Slide on Report Simon Property Suing Retailer For Unpaid Rent
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- MarketWatch
Nasdaq ends 1.4% from record high, stocks extend rally on hopes damage from pandemic is less than feared
U.S. stocks closed sharply higher and topped some psychological thresholds Wednesday as a pair of reports suggested the worst might be past for the U.S. economy. The Dow Jones Industrial Average jumped about 527 points, 2.1%, to close near 26,270, while the S&P 500 gained 42 points or 1.4%, ending trading at about 3,123. The Nasdaq closed at about 9,683, up 75 points or 0.8%, finishing about 1.4% from its Feb. 19 record closing high at 9.817.18. Meanwhile, the Nasdaq-100 briefly traded above its February peak, before the coronavirus pandemic wracked markets and the economy. The day's action also saw the Dow punch above the symbolic 26,000 threshold. Job losses and service sector activity weren't as bad as feared in May, according to two separate reports, helping bolster investor sentiment. Travel stocks like Carnival Corp. and real-estate concerns like Simon Property Group Inc. rallied as investors snapped up some of the sectors that lost the most value during the lockdowns.
- Motley Fool
Here's Why Simon Property Group and Other Retail REITs Are Soaring on Wednesday
The stock market was having a very strong day on Wednesday. Mall operators and other retail real estate investment trusts were up by double digits for the day in many cases. Leading mall REIT Simon Property Group (NYSE: SPG) was up by nearly 15% and was the biggest gainer on the S&P 500 as of midday, while outlet mall REIT Tanger Factory Outlet Centers (NYSE: SKT) was higher by just over 10%.
- MarketWatch
Real estate ETFs pop as malls start to re-open
Exchange-traded funds with real estate exposure outperformed Wednesday as property stocks surged on re-opening hopes. The Real Estate Select Sector SPDR Fund rose 2.4%, while the iShares U.S. Real Estate ETF rose 3% and the Vanguard Real Estate ETF was up 3.2% in the early afternoon. Mall operator Simon Property Group was one of the best performers in the S&P 500, up nearly 15% and marking its biggest one-day move since April 6. Another shopping center operator, Kimco Realty Corporation, was up nearly 12% at midday.
- TheStreet.com
Simon Property Jumps as It Reopens Properties Closed by Pandemic
Shares of Simon Property Group soared Wednesday as the country's biggest mall owner continues to reopen properties that were closed by the coronavirus pandemic. In addition, 12 of Simon's designer and international premium outlet properties were reopened. Then the pandemic really put the kibosh on Simon, as it had to close all of its U.S. properties in March.
- GuruFocus.com
Wednesday Morning Market Highlights
Markets in the green, Campbell Soup down after earnings report Continue reading...
- Moody's
Citigroup Commercial Mortgage Trust 2016-P3 -- Moody's affirms six classes of CGCMT 2016-P3
Moody's Investors Service, ("Moody's") has affirmed the ratings on six classes in Citigroup Commercial Mortgage Trust 2016-P3. Moody's received full year 2018 operating results for 100% and full or partial year 2019 operating results for 100% of the pool (excluding specially serviced and defeased loans).
- MarketWatch
Here are the 10 most under and overbought S&P 500 stocks, according to Goldman
There has been significant divergence between individual stock prices and their expected earnings next year, presenting some buying and selling opportunities for investors
- Investopedia
Top Real Estate Stocks for June 2020
The real estate sector includes companies that own, develop, and manage residential, commercial, and industrial properties. Each of these three real estate segments includes publicly traded real estate investment trusts (REITs).
- Motley Fool
Danger Lurks for These 3 High-Yield Dividend Stocks
One of the most important lessons of dividend investing is: If the yield looks too good to be true, it probably is. The coronavirus pandemic has driven up dividend yields as it's crushed stock prices, but with companies' earnings forecasts thrown into disarray, the same guideline applies -- a high yield is more likely to be a mirage than an opportunity. Annaly Capital Management (NYSE: NLY) is one of the premier mortgage real estate investment trusts (REITs).
- Barrons.com
Shopping Malls Are Reopening, but Visits Are Still Way Down. Here Are the Numbers.
The average year-over-year decline in foot traffic at eight malls in seven states from May 1-11 was 75%, according to Placer.ai.
- Motley Fool
3 Stocks I Just Bought as the COVID-19 Pandemic Continues
With that in mind, here's why I bought U.S. Bancorp (NYSE: USB), Planet 13 Holdings (OTC: PLNH.F), and Simon Property Group (NYSE: SPG) in recent weeks as the pandemic continues. At the start of 2020, the stock traded for roughly double its book value, which is actually par for the course for U.S. Bancorp.
- GuruFocus.com
Bruce Berkowitz Buys Buffett's Berkshire and Kraft Heinz in the 1st Quarter
Fairholme leader introduces 4 new holdings to equity portfolio Continue reading...
- Motley Fool
Why Simon Property Group, Macerich, and other Mall REITs Jumped Today
Shares of mall-focused real estate investment trust Simon Property Group (NYSE: SPG) rose as much as 12% in the first half hour of the trading day on May 18. Following closely behind was Macerich (NYSE: MAC), which was up 11%, and factory outlet specialist Tanger Factory Outlet Centers (NYSE: SKT). Trailing a little behind this trio was Pennsylvania REIT (NYSE: PEI), which was up in the high single digits.
- Motley Fool
Forget Tanger Factory Outlet Centers, Simon Property Group Is a Better Mall REIT Stock
Tanger and Simon are struggling through a difficult period for malls, but Simon looks better positioned for the long term
- Motley Fool
Forget Simon Property Group -- Federal Realty Is a Better REIT Stock
Simon isn't a bad REIT, but Federal Realty is an even better option when it comes to owning retail properties today.
- Barrons.com
Stocks End Lower After Another Late Selloff
U.S. stocks tumbled into the close on Tuesday as investors continued to weigh efforts to reopen economies against the risk of setbacks in the fight against coronavirus.
- Barrons.com
Simon Property Group Is Reopening More Malls. The Stock Is Rising.
The company said it would commit to a quarterly dividend and fully expects its tenants to honor their lease commitments.
- Reuters
US STOCKS-S&P 500 subdued on risks linked to reopening of economy
The S&P 500 struggled for direction on Tuesday as the risks of reopening the economy too soon overshadowed hopes of a jump-start to a battered global economy, following an easing of virus-led business shutdowns. Among the 11 major sectors, financial stocks, which generally lag when the economic outlook dims, weighed the most on the S&P 500. Optimism about an economic recovery and massive stimulus measures have helped the benchmark index climb about 34% from the lows of a pandemic-driven selloff in March.
- Reuters
US STOCKS-Wall Street dips on risks linked to reopening of economy
Among the 11 major sectors, financial stocks, which generally lag when the economic outlook darkens, weighed the most on the S&P 500. Optimism about an economic recovery and massive stimulus measures have helped the benchmark index climb about 34% from the lows of a pandemic-driven selloff in March. Leading U.S. infectious disease expert Anthony Fauci on Tuesday warned Congress that while the federal government is working to help manufacture a vaccine against the new coronavirus, its development "might take some time" to come to market.
- Motley Fool
Simon Property Group to Open Half of Its Shopping Malls This Week
Simon Property Group (NYSE: SPG) told analysts it planned to open half of its shopping malls this week. Last month, it was reported last month that Simon intended to begin reopening almost 50 malls the first week of May as states permitted. CEO David Simon said, "we are now leading the effort for these local economies to get back to business while delivering a new elevated standard of safety for all."
- TheStreet.com
Simon Property Shares Surge After Biggest U.S. Mall Owner Vows Q2 Dividend
Simon Property, the biggest U.S. mall operator, plans to have at least half of its 200 retail properties up-and-running by next week as coronavirus lockdown restrictions ease.
