SPG - Simon Property Group, Inc.

NYSE - NYSE Delayed Price. Currency in USD
162.92
-0.90 (-0.55%)
At close: 4:02PM EDT
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Previous Close163.82
Open163.96
Bid161.80 x 1800
Ask180.00 x 800
Day's Range162.58 - 164.34
52 Week Range159.69 - 191.49
Volume1,175,000
Avg. Volume1,304,882
Market Cap57.963B
Beta (3Y Monthly)0.58
PE Ratio (TTM)21.31
EPS (TTM)7.65
Earnings DateJul 29, 2019 - Aug 2, 2019
Forward Dividend & Yield8.20 (5.06%)
Ex-Dividend Date2019-05-16
1y Target Est193.72
Trade prices are not sourced from all markets
  • Markit2 days ago

    See what the IHS Markit Score report has to say about Simon Property Group Inc.

    Simon Property Group Inc NYSE:SPGView full report here! Summary * Perception of the company's creditworthiness is positive * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | PositiveShort interest is extremely low for SPG with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting SPG. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold SPG had net inflows of $7.16 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. SPG credit default swap spreads are decreasing and near the lowest level of the last three years, which indicates improvement in the market's perception of the company's credit worthiness.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

  • Is Simon Property Group, Inc (SPG) A Good Stock To Buy?
    Insider Monkey3 days ago

    Is Simon Property Group, Inc (SPG) A Good Stock To Buy?

    It was a rough fourth quarter for many hedge funds, which were naturally unable to overcome the big dip in the broad market, as the S&P 500 fell by about 4.8% during 2018 and average hedge fund losing about 1%. The Russell 2000, composed of smaller companies, performed even worse, trailing the S&P by more […]

  • Can This REIT Take On Amazon?
    Motley Fool4 days ago

    Can This REIT Take On Amazon?

    Mall owner Simon Property Group is building an online shopping platform. Is this a misguided move against Amazon, or is there something else afoot?

  • Moody's5 days ago

    Morgan Stanley Capital I Trust 2011-C2 -- Moody's affirms six and downgrades three classes of MSC 2011-C2

    Rating Action: Moody's affirms six and downgrades three classes of MSC 2011- C2. Global Credit Research- 12 Jun 2019. Approximately $660.5 million of structured securities affected.

  • SouthPark mall adding another new retailer
    American City Business Journals6 days ago

    SouthPark mall adding another new retailer

    A cosmetics brand has picked SouthPark mall for its first bricks-and-mortar location in North Carolina.

  • Moody's6 days ago

    Simon International Finance, S.C.A. -- Moody's announces completion of a periodic review of ratings of Simon Property Group

    Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Simon Property Group Inc., and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

  • GuruFocus.com7 days ago

    52-Week Company Lows

    According to GuruFocus' list of 52-week lows, these Guru stocks have reached their 52-week lows. The price of ConocoPhillips (COP) shares has declined to close to the 52-week low of $58.96, which is 29.3% off the 52-week high of $80.24. The company has a market cap of $66.64 billion.

  • Barrons.com7 days ago

    Mall Stocks Are Lagging Behind as REITs March Ahead

    Real-estate investment trusts have had a strong performance in 2019, yet a look beneath the surface reveals a different picture.

  • InvestorPlace10 days ago

    7 Stocks to Buy As They Hit 52-Week Lows

    It's amazing what a couple of good trading days can do for a lousy stock market. When I thought about doing an article about stocks to buy hitting 52-week lows recently, a quick search of companies with a market cap of $2 billion or more revealed a total of 124 hitting 52-week lows.Fast forward three days later and there's only 22 stocks hitting 52-week lows according to Finviz.com.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNow, I'm as game as the next person when it comes to picking possible stocks to buy, but given I'm attempting to choose one stock from seven different sectors, 22's not going to cut it. * 7 S&P 500 Dividend Stocks to Buy at Least Yielding 3% Therefore, to ensure I've got better options from as many sectors as possible, I've relaxed the qualifier to those companies trading within 5% of a stock's 52-week low. By doing so, I get a total of 120 stocks with a least one choice from eight different sectors, making the options a lot more palatable. Methanex (MEOH)As I write this, Methanex (NASDAQ:MEOH) is trading within seven cents of its 52-week low of $41.39, which is more than half its 52-week high of $83.23. Methanex is one of the world's largest producers of methanol which its customers to use to make everything from adhesives to windshield washer fluid. It also sells methanol to oil refiners who turn it into a high-octane fuel. Based in Vancouver, B.C., the company expects strong demand for methanol over the next four years with a growing piece of its business going to companies converting methanol to olefins which can then be turned into polyolefins, which are used to make all kinds of plastics. In late April, Raymond James analyst Steve Hansen suggested to clients that they consider Methanex stock because of its steep decline in price. Hansen's got an $80 price target and an outperform rating on it. "We continue to recommend that investors accumulate MEOH shares based upon our constructive view on improving methanol fundamentals, the company's robust associated free cash flow profile, and the stock's attractive valuation," Hansen stated.Trading at a level it hasn't seen since June 2017, if the economy holds, MEOH is a bargain. Wolverine World Wide (WWW) Source: Brubastos via Flickr (modified)Wolverine World Wide (NYSE:WWW) is trading within 38 cents of its 52-week low of $27.64, which is 31% below its 52-week high of $39.77. Wolverine, known for footwear brands such as Keds, Hush Puppies, Skechers, Sperry, and many more, is having a tough time dealing with tariffs on the Chinese shoes it imports. It recently asked the Trump government to reconsider increasing these tariffs as it would mean American households would be paying as much as a 100% duty on shoes imported from China. "While U.S. tariffs on all consumer goods average just 1.9 percent, they average 11.3 percent for footwear and reach rates as high as 67.5 percent. Adding a 25 percent tax increase on top of these tariffs would mean some working American families could pay a nearly 100 percent duty on their shoes," the letter stated. * 5 Healthcare Stocks to Pick Up From the Wreckage While the near term doesn't look good for the Michigan company, it still anticipates revenue growth in the low-to-mid-single digits in 2019. Despite all the tariff troubles, it estimates adjusted earnings per share will be at least $2.20, which means it is currently trading at less than 13 times its forward earnings. By comparison, Nike (NYSE:NKE) trades at almost 27 times its forward earnings. Simon Property Group (SPG)Source: m01229 via Flickr (Modified)Simon Property Group (NYSE:SPG) is trading within 2% of its 52-week low of $159.69, which is 17% below its 52-week high of $191.41.Recently, a group by the name of Peer & Peri LLC made a mini-tender offer to purchase up to 20,000 of the mall owner's shares at a 21% discount to the $178.11 share price at the commencement of the offer on May 6. Down 8% since the offer was disclosed, it expired on June 6 at 5 p.m. Although Simon put out a statement recommending shareholders reject the below-market mini-tender offer, these things are intended to catch investors off guard, prompting them to mistakenly sell their shares at a discount. If you Google "Peer & Peri LLC," you will see that it happens to a lot of reputable companies. I'm not sure why it's allowed to happen, but it is. Forbes contributor Sanford Stein, who's spent four decades studying retail, recently made a great observation about Simon."David Simon knows this stuff. That's why he is CEO of the largest mall developer in the country, with over 200 of the best remaining malls. It's also quite likely that when the 1,300 or so malls that exist today are reduced to 500 or 600, in say the next decade, Simon Property Group will still own and manage the best ones," Stein wrote May 14. I like the idea of getting SPG stock at $140 a share, but I wouldn't recommend you try to do it the Peer & Peri LLC way. CVS Health (CVS)Source: Mike Mozart via FlickrCVS Health (NYSE:CVS) is trading within 5% of its 52-week low of $51.72, which is 37% below its 52-week high of $82.15. CVS held its annual investor day June 4; a day in which CEO Larry Merlo spent most of his time assuring shareholders that its acquisition of Aetna would pay dividends in the long run despite the apparent near-term difficulties. Merlo sees the company generating double-digit sales growth in 2022 once the $70-billion purchase is fully integrated. CVS is building a vertically integrated health business that provides everything from insurance, prescription drug benefits, healthcare services, and retail drugstores. It expects to find at least $300 million in synergies in 2019 and $800 million in 2020. "Keep in mind we're in the early innings of our transformational journey," Merlo told investors. "This will be a multi-year journey with benefits building over time as we continue to build and refine new programs to better serve the needs of our stakeholders."I'm normally not a fan of large acquisitions, but given how incredibly dysfunctional the U.S. healthcare sector is, anything that reduces the cost while maintaining profitability, is bound to do well in the long run. * 7 Stocks to Buy That Don't Care About Tariffs Take advantage of the uncertainty to get a well-run company at a very reasonable price. Pentair (PNR)Source: HereStanding via Flickr (Modified)Pentair (NYSE:PNR) is trading within 3% of its 52-week low of $34.72, which is 25% below its 52-week high of $46.00.Pentair became a pure-play water company in April 2018 when it spun-off nVent Electric (NYSE:NVT), its electrical connection and solution company. As a result, Pentair now has three water-related businesses only: aquatic systems, filtration solutions, and flow technologies. Given the importance of water in our world, the hiving off of its electrical business allows Pentair to focus entirely on water technology.Although the company's first-quarter core revenues were down 4% over the same time last year and its adjusted earnings per share fell 12%, it still expects to report adjusted EPS of at least $2.30 in 2019, which means it's currently trading at less than 11 times its 2019 earnings. Furthermore, with three operating segments generating almost identical revenues, it's got downside protection built right into its business model. Should a recession come to pass, it won't be overly reliant on a single segment for sales. It's not a sexy business, but it's got an excellent 2.9% dividend yield to get paid until its growth initiatives take hold. Urban Outfitters (URBN)Source: Shutterstock Urban Outfitters (NASDAQ:URBN) is trading within 4% of its 52-week low of $22.19, which is 58% below its 52-week high of $52.50.Urban Outfitters has several issues that have brought its stock to its news in the past year. They include deteriorating business trends, difficult same-store sales comparisons, product issues at its Urban Outfitters brand, including a slowdown in women's apparel, and finally, a serious concern about tariffs on Chinese imports. That said, it continues to be one of the most financially sound retailers that's publicly traded. It finished the first quarter (April 30 quarter end) with no debt, $520 million in cash, and $447 million in free cash flow. Free cash flow yield is one of the metrics I use for non-financials to evaluate the relative value of a stock. In the case of URBN, it has an FCF yield of 23% based on an enterprise value of $1.94 billion. * 7 S&P 500 Dividend Stocks to Buy at Least Yielding 3% As long as it continues to deliver positive same-store sales growth, $23 ought to appear very cheap to investors. Citrix (CTXS)Source: Shutterstock Citrix Systems (NASDAQ:CTXS) is trading within 3% of its 52-week low of $93.12, which is 20% below its 52-week high of $116.82.Citrix, known for its on-premise software for making companies more productive, is moving to the cloud and subscription-based software offerings. The transformation is aimed at creating a platform that provides large enterprises with a hybrid cloud that can grow and adapt based on their needs. Change is always tricky, and while the transformation is expected to take several years, CEO David Henshall insists that it's the right thing to do for customers, employees, and shareholders. Citrix's Intelligent Workspace is a platform for company applications that operate intelligently to improve productivity. The company's goal is to provide enough productivity improvements through its platform to give users back one day of their work week lost to moving between applications. If you look at its revenues for the first quarter ended March 31, you'll see that Citrix's subscription revenues increased by 37% over a year earlier accounting for 19.7% of its overall revenue, 490 basis points higher than a year earlier. As it invests in research and development for the Intelligent Workspace, its subscription revenues will continue to grow at a double-digit pace. Down from its all-time high of $116.82, if it drops below $90, you're getting a terrific deal. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 S&P 500 Dividend Stocks to Buy at Least Yielding 3% * 7 Stocks to Buy That Don't Care About Tariffs * 5 Healthcare Stocks to Pick Up From the Wreckage Compare Brokers The post 7 Stocks to Buy As They Hit 52-Week Lows appeared first on InvestorPlace.

  • What are next steps as park, infrastructure projects in SouthPark gain momentum?
    American City Business Journals10 days ago

    What are next steps as park, infrastructure projects in SouthPark gain momentum?

    Simon Property Group, a major property owner in Charlotte, says it will contribute up to $5 million for one of several infrastructure and upgrade projects planned for the submarket.

  • New Hyatt Centric hotel planned behind Lenox Square
    American City Business Journals10 days ago

    New Hyatt Centric hotel planned behind Lenox Square

    Mall giant and Lenox Square owner Simon Property Group owns the nearly two-acre site overlooking Georgia 400.

  • Near-Term Outlook for Retail REIT Stocks Appears Bright
    Zacks13 days ago

    Near-Term Outlook for Retail REIT Stocks Appears Bright

    Near-Term Outlook for Retail REIT Stocks Appears Bright

  • Read This Before Buying Simon Property Group, Inc. (NYSE:SPG) For Its Dividend
    Simply Wall St.18 days ago

    Read This Before Buying Simon Property Group, Inc. (NYSE:SPG) For Its Dividend

    Is Simon Property Group, Inc. (NYSE:SPG) a good dividend stock? How would you know? Dividend paying companies with...

  • Simon Property (SPG) Down 7.8% Since Last Earnings Report: Can It Rebound?
    Zacks18 days ago

    Simon Property (SPG) Down 7.8% Since Last Earnings Report: Can It Rebound?

    Simon Property (SPG) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • The Worst Mistake Tanger Factory Outlet Centers Investors Can Make Right Now
    Motley Fool22 days ago

    The Worst Mistake Tanger Factory Outlet Centers Investors Can Make Right Now

    It's bad, that's for sure. But the worst thing you can do is focus on the wrong information. Here's what you need to be looking at instead.

  • Simon's Houston Galleria, Phipps Plaza to Have Tom Ford Stores
    Zacks25 days ago

    Simon's Houston Galleria, Phipps Plaza to Have Tom Ford Stores

    Simon Property (SPG) is making immense efforts to boost the value of its retail properties. The latest Tom Ford store opening announcement is in sync with its transformational plans.

  • Hope & Henry Plans Store Openings at Centers of Simon Property
    Zacks26 days ago

    Hope & Henry Plans Store Openings at Centers of Simon Property

    Simon Property (SPG) is undertaking strategic measures to help online retailers fortify their physical presence, besides taking steps to support omni-channel strategy.

  • Tom Ford store coming to Houston’s Galleria mall
    American City Business Journals26 days ago

    Tom Ford store coming to Houston’s Galleria mall

    Designer brand Tom Ford plans to open a store in Houston’s Galleria mall by the 2019 holiday season, Galleria co-owner Simon Property Group (NYSE: SPG) said in a May 22 press release. Tom Ford’s 4,000-square-foot store will be in The Galleria's luxury wing, which includes Chanel, Valentino, Louis Vuitton, Saint Laurent and others, per the release. The brand also is opening a store in Atlanta’s Phipps Plaza, another property owned by Indianapolis-based Simon.

  • Tom Ford Opening at Simon's Houston Galleria and Phipps Plaza
    PR Newswire26 days ago

    Tom Ford Opening at Simon's Houston Galleria and Phipps Plaza

    HOUSTON and ATLANTA , May 22, 2019 /PRNewswire/ -- Simon, a global leader in premier shopping, dining, entertainment and mixed-use destinations today announced that iconic luxury brand Tom Ford will open ...

  • Hope & Henry to Open Stores at Simon Properties Nationwide
    PR Newswire27 days ago

    Hope & Henry to Open Stores at Simon Properties Nationwide

    INDIANAPOLIS, May 21, 2019 /PRNewswire/ -- Simon, a global leader in premier shopping, dining, entertainment and mixed-use destinations today announced that, Hope & Henry, will open more than 15 stores at Simon centers throughout the United States by the end of the third quarter 2019. Hope & Henry's mission is to create distinctive, high-quality clothing with a commitment to a sustainable future. Hope & Henry made its brick and mortar debut in Simon's turnkey retail platform, The Edit @ Roosevelt Field in 2018.

  • Simon Announces Appointment of SVP of Corporate Investments
    PR Newswire28 days ago

    Simon Announces Appointment of SVP of Corporate Investments

    INDIANAPOLIS, May 20, 2019 /PRNewswire/ -- Simon, a global leader in premier shopping, dining, entertainment and mixed-use destinations today announced the appointment of Eli Simon as Senior Vice President of Corporate Investments. In this role, Eli will be responsible for implementing the company's ongoing investment strategy, including a focus on new business sourcing, strategic corporate investments, and the execution of real estate transactions. "Eli brings a wealth of investment experience and business acumen that will help elevate Simon to the next level and I am excited to have him join the team," said Stanley Shashoua, Simon's Chief Investment Officer.

  • Sawgrass Mills plans multimillion-dollar renovation
    American City Business Journalslast month

    Sawgrass Mills plans multimillion-dollar renovation

    Sawgrass Mills' recently announced renovation will be the mall's largest to date and construction could be completed in time for its 30th anniversary. The remodel, slated for completion by 2020, will change both the inside and outside of Sawgrass Mills, but mostly its common areas. Changes coming to Sawgrass Mills: Food courts will be updated: The West Food Hall will have an open kitchen concept with Latin decor and the East Food Hall will get a bistro-like design with greenery and "community-style seating." This food hall will also get a new exterior entryway for more convenient access.