Simon Property GroupSPG
SPG
About: Simon Property Group is the second-largest real estate investment trust in the United States. Its portfolio includes an interest in 231 properties: 136 traditional malls, 70 premium outlets, 14 Mills centers (a combination of a traditional mall, outlet center, and big-box retailers), 6 lifestyle centers, and 5 other retail properties. Simon's portfolio averaged $743 in sales per square foot in 2023 compared with $693 in sales per square foot over the 12 months before the pandemic. The company also owns a 22% interest in Klépierre, a European retail company with investments in shopping centers in 14 countries, and joint-venture interests in 33 premium outlets across 11 countries.
Employees: 3,000
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
36% more call options, than puts
Call options by funds: $416M | Put options by funds: $305M
29% more first-time investments, than exits
New positions opened: 119 | Existing positions closed: 92
2% more funds holding
Funds holding: 1,083 [Q2] → 1,110 (+27) [Q3]
10% more repeat investments, than reductions
Existing positions increased: 423 | Existing positions reduced: 386
5% more capital invested
Capital invested by funds: $44.5B [Q2] → $46.6B (+$2.02B) [Q3]
5.14% less ownership
Funds ownership: 90.22% [Q2] → 85.09% (-5.14%) [Q3]
8% less funds holding in top 10
Funds holding in top 10: 24 [Q2] → 22 (-2) [Q3]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$182
6%
upside
Avg. target
$189
10%
upside
High target
$195
14%
upside
2 analyst ratings
0 positive
0%
2 neutral
100%
0 negative
0%
Deutsche Bank Omotayo Okusanya 62% 1-year accuracy 13 / 21 met price target | 14%upside $195 | Hold Initiated | 17 Dec 2024 |
Mizuho Vikram Malhorta 64% 1-year accuracy 14 / 22 met price target | 6%upside $182 | Neutral Maintained | 4 Dec 2024 |
Financial journalist opinion
Based on 14 articles about SPG published over the past 30 days
Positive
Seeking Alpha
1 week ago
Simon Property Group: Still An Opportunistic Buy For Long-Term Investors
Simon Property Group's strong fundamentals, frequent dividend increases, and high-quality property locations in affluent areas support a buy rating with potential upside over the next 12-24 months. Despite a 39.27% increase this year, SPG remains attractively valued compared to peers, with a forward P/FFO multiple of 14.14x and a potential price target of $204. SPG's robust Q3 performance, with increased FFO and revenue, along with strong leasing volumes and occupancy rates, indicates continued growth and resilience.
Neutral
Seeking Alpha
1 week ago
How Donald Trump's Tariffs Could Impact High-Yield Stocks
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Neutral
PRNewsWire
1 week ago
Simon® to Present at the Goldman Sachs 2024 U.S. Financial Services Conference
INDIANAPOLIS , Dec. 9, 2024 /PRNewswire/ -- Simon®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, announced today that the Company will present at the Goldman Sachs 2024 U.S. Financial Services Conference on Wednesday, December 11, 2024 at 1:00 p.m. Eastern Time.
Positive
Seeking Alpha
2 weeks ago
Buy 3 December Barron's Better Bet 'Safer' Dividend Dogs Of 23
Long-term bond yields continue to rise. But investors looking for income can still find plenty of attractive opportunities with dividend-paying stocks that have healthy yields. “23 stocks pay huge dividends. They should be a better bet than treasuries.” —Barron's Weekly. In an interview, Steven Wieting, strategist at Citi-Wealth, noted that a growing-dividend is a tangible-benefit for shareholders and a-hallmark-of companies with strong-balance-sheets. “Nobody can fake a dividend,” he said.
Positive
Seeking Alpha
2 weeks ago
Simon Property Group Remains A Valuable Investment
Simon Property Group, Inc., a leading American REIT, boasts a market capitalization of nearly $60 billion and a yield of almost 5%. Despite initial setbacks from COVID-19, SPG's share price has rebounded, showcasing its resilience. The company demonstrates a strong ability to drive returns, making it a compelling investment opportunity.
Positive
Zacks Investment Research
2 weeks ago
Simon Property Thrives With 6.4% Traffic Growth on Black Friday Weekend
SPG's 6.4% traffic growth over the Black Friday weekend, with malls up 7.1%, signals strong holiday momentum for the retail REIT.
Neutral
PRNewsWire
2 weeks ago
Simon® Reports 6.4% Portfolio Traffic Increase on Black Friday Weekend, with a 7.1% gain reported at Simon's Malls nationwide
Preliminary data indicates strong traffic across Simon's Malls, Premium Outlets and Mills centers for the first holiday shopping weekend of the season INDIANAPOLIS , Dec. 2, 2024 /PRNewswire/ -- Simon®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, saw a remarkably strong start to the holiday shopping season on Black Friday that continued throughout the weekend, including a 6.4% increase in year-over-year traffic at its centers across the country amid preliminary reports of surging sales from retailers. Waves of customers kicked off their holiday shopping season across Simon's portfolio of centers across the country.
Neutral
Benzinga
3 weeks ago
Benzinga's 'Stock Whisper' Index: 5 Stocks Investors Secretly Monitor But Don't Talk About Yet
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Neutral
PRNewsWire
3 weeks ago
Simon: Your One-Stop Shop for the Holidays
From hot holiday deals to visiting Santa, Simon invites shoppers to "Meet Me @themall™" and make memories across generations this season INDIANAPOLIS , Nov. 29, 2024 /PRNewswire/ -- Simon®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, invites shoppers to "Meet Me @themall™" this holiday season to find great deals on gifts, experience the joy of family-friendly activities and make memories across generations in a festive atmosphere at Simon centers nationwide. With more than 2 billion annual visits to its premium retail destinations, 153 million annual website visits to its core consumer-facing websites and more than 3,000 engaged retailers, Simon is the ultimate one-stop shop for the holidays.
Neutral
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