Simon Property Group 株価情報 (NYSE: SPG)

最新ニュース Simon Property Group (NYSE:SPG) 株価情報

Simon Property Group

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.

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The past month has been a rollercoaster ride for investors, with markets taking a beating across the board. From December 15 to January 15, the S&amp;P 500 dropped 4.33%, the Nasdaq fell 4.71%, and small-cap stocks got hammered, tumbling around 8%. The bond market wasn&#8217;t spared either, with long-term Treasury bonds diving 7.67%. Even the typically resilient triple-B corporate bonds fell 3.4%, though high-yield bonds held up better, declining just 1.5% to 1.8%.
It&#8217;s been a challenging period for traditional stock-and-bond investors. Yet the Easy Income Portfolio proved its mettle. While broader markets stumbled, the portfolio declined only 2.5%, supported by its robust 9.38% dividend yield. This yield towers over Treasuries, junk bonds, and the S&amp;P 500. The key? A diversified mix of high-quality, income-generating investments spread across sectors that zig when others zag.
Sector Highlights:
<ol start="1">
<li>Mortgage REITs (REM): These took a significant hit, down 8.65%, reflecting broader challenges in real estate debt markets. </li>
<li>Nuveen Real Asset Income and Growth Fund (Ticker: JRI): Declined notably, despite its diversified exposure to real assets like infrastructure, real estate, and energy. The fund&#8217;s holdings in premier companies such as Simon Property Group, Realty Income, and Energy Transfer illustrate its high-quality asset base. </li>
<li>Aberdeen Asia-Pacific Income Fund: Down 6%, this closed-end fund offers exposure to high-grade sovereign and corporate debt in the Asia-Pacific region, acting as both a dollar hedge and an income-generating asset. </li>
<li>Business Development Companies (BDCs): BDCs like Ares Capital, Blackstone Secured Lending, and FS KKR Capital remain core holdings. These entities leverage their deep private equity relationships to maintain credit quality and deliver strong dividends. </li>
<li>Energy Infrastructure: Investments like Dorchester Minerals and Tortoise Energy Infrastructure have performed well, capturing benefits from increased energy demand and the reorganization of global energy markets. </li>
<li>Closed-End Fund and SPAC Arbitrage: Exposure to these strategies helps add diversification and reduce overall volatility.</li>
</ol>
Mortgage REITs: A Tough Month Mortgage REITs (REM) bore the brunt of market turbulence, dropping 8.65%. That&#8217;s not a fun number to see, but it&#8217;s par for the course in a volatile interest rate environment. These REITs, which invest in residential and commercial mortgage securities, remain a core piece of the portfolio, offering high yields to counterbalance periods of price volatility.
Real Asset Income: A Hidden Opportunity The Nuveen Real Asset Income and Growth Fund (JRI) also faced pressure, declining around 8%. This fund gives you a one-stop shop for exposure to real assets, including infrastructure, real estate, and energy. Think Simon Property Group, Realty Income, Energy Transfer, and Enbridge—some of the best operators in their respective fields.
Simon Property Group Simon Property Group (Ticker: SPG) is the premier operator of Class A malls in the United States, owning high-end shopping centers in affluent, densely populated areas. Unlike struggling Class B and C malls, Simon&#8217;s properties thrive as destinations for luxury shopping, dining, and entertainment.
Simon maintains high occupancy rates, typically in the mid-90% range, driven by the desirability of its properties. Its tenant base spans luxury brands and experiential anchors, reinforcing its status as the leader in mall-based real estate.
Realty Income Known as &#8220;The Monthly Dividend Company,&#8221; Realty Income owns over 13,000 properties across the U.S. and Europe. These properties are leased to high-quality tenants under long-term triple-net leases, where tenants cover taxes, insurance, and maintenance.
Key tenants and sectors include:
<ul>
<li>Convenience Stores: 7-Eleven </li>
<li>Pharmacies: (Ticker: CVS) Walgreens </li>
<li>Big Box Retailers: Home Depot (Ticker: HD) Walmart (Ticker: WMT) </li>
<li>Entertainment and Dining: AMC Theatres (Ticker: AMC) Chick-fil-A</li>
</ul>
Enbridge (Ticker: ENB) is one of North America&#8217;s largest energy infrastructure companies. Its extensive asset base includes over 83,000 miles of crude oil, natural gas, and liquids pipelines that span Canada and the U.S. Enbridge also operates natural gas utility businesses, serving millions of customers in Ontario and Quebec, and is a leader in renewable energy investments, with wind and solar farms contributing to its diversified energy portfolio.
Energy Transfer Energy Transfer owns a vast network of energy infrastructure assets, including 120,000 miles of pipelines for natural gas, crude oil, natural gas liquids, and refined products. The company operates major storage facilities, processing plants, and export terminals, including the Marcus Hook Industrial Complex, a key hub for exporting natural gas liquids to global markets.
One of Energy Transfer&#8217;s standout assets is its LNG export capability, which positions the company to benefit from growing global demand for U.S. liquefied natural gas. Its pipelines and storage facilities are critical links in the supply chain, ensuring the movement of energy products from production basins like the Permian and Marcellus to end users.
These infrastructure giants, Enbridge and Energy Transfer, play essential roles in the energy economy, transporting and storing the resources that power homes, businesses, and industries. Their scale, diversified revenue streams, and regulated nature make them resilient income generators, which is exactly what we seek in the Easy Income Portfolio.
Asia-Pacific Debt: A Dollar Hedge Aberdeen Asia-Pacific Income Fund also had a rough month, down 6%. This closed-end fund invests in high-grade sovereign and corporate debt from countries like Australia, India, and Indonesia. With 13% dividend yields and limited default risk, it&#8217;s a great income producer and a natural hedge against a weakening U.S. dollar.
Business Development Companies: A Core Strength The portfolio&#8217;s BDC holdings, including Ares Capital, Blackstone Secured Lending, and FS KKR, continue to shine. These firms lend to small and mid-sized businesses, a segment set to thrive under pro-business policies. Their private equity relationships provide a massive competitive edge, ensuring they know the borrowers inside and out. Add in an 11% yield, and these BDCs are delivering exactly what we want—steady income with a margin of safety.
The Easy Income Philosophy The Easy Income Portfolio isn&#8217;t about chasing short-term gains or checking prices daily. It&#8217;s about creating a low-volatility, high-income portfolio that practically runs itself. With positions across 15 sectors, from infrastructure and energy to private credit and real estate, the portfolio delivers reliable cash flow through monthly dividends.
This month showed why diversification and a focus on income are essential. Even as markets faltered, the Easy Income Portfolio kept humming along, providing a steady income stream while staying positioned for long-term success.

Opinion

Easy Income Portfolio: January 2025 Update

Simon Property Group's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPG#NYSE">SPG</a>) short percent of float has fallen 7.02% since its last report. The company recently reported that it has 4.83 million shares sold short, which is 2.25% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.08 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Simon Property Group Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1736790316_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Simon Property Group has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Simon Property Group's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Simon Property Group's peer group average for short interest as a percentage of float is 6.30%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

How Is The Market Feeling About Simon Property Group?

Foot traffic at retailers soared on Dec. 21, the Saturday before Christmas. Here's a look at the potential winners from the last week <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42273676/walmart-target-bath-body-works-stand-out-as-black-friday-winners-analysts">of holiday shopping.</a>
What Happened: Foot traffic at retailers was up an average of 58% compared to daily averages in 2024, a trend that could see retail stocks benefit for the 2024 <a href="https://www.benzinga.com/news/24/11/42247997/walmart-shoppers-shun-electronics-for-black-friday-deals-on-eggs-bread-slippers">holiday shopping season.</a>
The 58% gain to the daily average, <a href="https://www.placer.ai/blog/super-saturday-2024-recap">reported </a>by Placer.ai, is higher than the 51.1% gain over the daily average seen on Black Friday. Sunday, Dec. 22, also saw retail foot traffic up 38.2% to the daily average.
While foot traffic was up compared to the daily average for the year, the 58% gain was smaller than last year's Super Saturday, which saw a 74.4% increase from the daily average. The caveat with last year's data is that Super Saturday was Dec. 23, one of the last remaining shopping days before Christmas.
Among the potential biggest winners for this year's Christmas shopping season could be department stores, based on the report.
Overall foot traffic to department stores was up 128.7% compared to the Saturday 2024 daily average, surpassing last year&#8217;s 119.4% increase over the 2023 Saturday average.
Among the department stores tracked by Placer.ai, these were the year-over-year visit growth:
<ul>
<li>Nordstrom (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>): +8.8%</li>
<li>Bloomingdale's, a unit of Macy's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>): +4.7%</li>
<li>JCPenney: +1.3%</li>
</ul>
The report also found that recreational and sporting goods stores, beauty and self-care stores and other specialty categories saw strong traffic gains. Here's a look at some of the retailers tracked and the foot traffic gains on a year-over-year basis to last year's Super Saturday:
<ul>
<li>Ollie's Bargain Outlet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OLLI#NASDAQ">OLLI</a>): +7.3%</li>
<li>T.J. Maxx, a unit of TJX Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TJX#NYSE">TJX</a>): +4.6%</li>
<li>Five Below (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVE#NASDAQ">FIVE</a>): +4.2%</li>
</ul>
The report found that superstores, grocery stores, and discount retailers saw lower year-over-year growth due to last year's timing of Super Saturday being so close to Christmas.
Indoor shopping malls like those owned by Simon Property Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPG#NYSE">SPG</a>) may have also benefitted from Super Saturday. Placer.ai data shows that foot traffic to indoor malls was up 177.1% on Super Saturday compared to the 2024 daily average.
Read Also: <a href="https://www.benzinga.com/general/education/24/12/42678116/if-you-gifted-your-family-100-in-bitcoin-dogecoin-and-ethereum-last-christmas-heres-how-much-they-would-have-this-christmas-2">If You Gifted Your Family $100 In Bitcoin, Dogecoin And Ethereum Last Christmas, Here&#8217;s How Much They Would Have This Christmas</a>
Why It's Important: Ahead of Super Saturday, the National Retail Foundation <a href="https://nrf.com/media-center/press-releases/157-million-consumers-to-shop-on-super-saturday">estimated </a>that 157.2 million consumers would shop on the shopping holiday based on an annual survey.
The figure comes in higher than the 141.9 million Super Saturday shoppers in 2024 and is the second highest figure over the last nine years, trailing only 158.5 million in 2022.
"Super Saturday is one of the last opportunities during the holiday season for consumers to get the remaining items on their shopping list," NRF Vice President of Industry and Consumer Insights Katherine Cullen said.
Cullen cited the shortened holiday shopping season, due to Thanksgiving falling late in November, boosting the odds of last-minute shoppers.
The survey found that 69.5 million people plan to shop both in-store and online, up from 58.3 million in 2023. The amount of people exclusively shopping in-store was down in the survey from 37% to 31%, while the percentage of people who said they would shop exclusively online increased from 22% to 24%.
Similar to the results above, the NRF survey highlighted department stores as potential winners on Super Saturday, with 37% of shoppers saying they planned to finish their holiday shopping there.
Finishing shopping online was the most popular response at 49%, with discount stores named by 27% of consumers and clothing and accessory stores named by 25% of consumers.
The NRF survey found the most popular gift purchases were clothing and accessories (50%), toys (32%), gift cards (26%) and books, video games and other media (24%).
The shortened holiday shopping season could have been good for retailers with more foot traffic each day and especially on the weekends. The key will be if the daily increase is enough to offset the lower number of total shopping days between Thanksgiving and Christmas.
The post-Christmas shopping time could also see a boost, with 71% of consumers in the survey saying they planned to shop after Christmas, similar to last year's survey.
NRF estimates that the entire holiday shopping season of Nov. 1 through Dec. 31 is expected to be up 2.5% to 3% from 2024, hitting a record range of $979.5 billion to $989 billion.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/education/24/12/42658677/better-christmas-gift-gamestop-stock-or-latest-video-game">Better Christmas Gift: GameStop Stock Or Latest Video Game?</a></li>
</ul>
Photo: Shutterstock

FIVE

OLLI

Super Saturday Foot Traffic Surges, Sales Hit $157 Million: Potential Winners Emerge

Deutsche Bank analyst Omotayo Okusanya initiates coverage on Simon Property Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPG#NYSE">SPG</a>) with a Hold rating and announces Price Target of $195.

News

Price Target

Initiation

Analyst Ratings

Deutsche Bank Initiates Coverage On Simon Property Group with Hold Rating, Announces Price Target of $195

In the current market session, Simon Property Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPG#NYSE">SPG</a>) share price is at $178.25, after a 0.59% increase. Moreover, over the past month, the stock fell by 1.12%, but in the past year, increased by 24.11%. Shareholders might be interested in knowing whether the stock is overvalued, even if the company is performing up to par in the current session. 

<img src="https://www.benzinga.com/files/images/story/2024/1734103823_0.png" alt="Past Year Chart" />

<h3>Evaluating Simon Property Group P/E in Comparison to Its Peers</h3>
The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued. 
Compared to the aggregate P/E ratio of the 74.05 in the Retail REITs industry, Simon Property Group Inc. has a lower P/E ratio of 23.56. Shareholders might be inclined to think that the stock might perform worse than it's industry peers. It's also possible that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1734103823_1.png" alt="Guage" />

In summary, while the price-to-earnings ratio is a valuable tool for investors to evaluate a company's market performance, it should be used with caution. A low P/E ratio can be an indication of undervaluation, but it can also suggest weak growth prospects or financial instability. Moreover, the P/E ratio is just one of many metrics that investors should consider when making investment decisions, and it should be evaluated alongside other financial ratios, industry trends, and qualitative factors. By taking a comprehensive approach to analyzing a company's financial health, investors can make well-informed decisions that are more likely to lead to successful outcomes.

Intraday Update

Markets

P/E Ratio Insights for Simon Property Group

Mizuho analyst Vikram Malhorta maintains Simon Property Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPG#NYSE">SPG</a>) with a Neutral and raises the price target from $158 to $182.

Mizuho Maintains Neutral on Simon Property Group, Raises Price Target to $182

Each week,&nbsp;Benzinga's Stock Whisper Index&nbsp;uses a combination of proprietary data and pattern recognition to showcase five stocks that are just under the&nbsp;<a href="https://www.benzinga.com/topic/stock-whisper-index" target="_blank" rel="noreferrer noopener">surface and deserve attention</a>.
Investors are constantly on the hunt for undervalued, under-followed and emerging stocks. With countless methods available to retail traders, the challenge often lies in sifting through the abundance of information to uncover new opportunities and understand why certain stocks should be of interest.
Read Also:&nbsp;<a href="https://www.benzinga.com/top-stories/24/11/41718416/exclusive-top-20-most-searched-tickers-on-benzinga-pro-in-october-2024-where-do-tesla-nvidia-apple-d" target="_blank" rel="noreferrer noopener">EXCLUSIVE: Top 20 Most-Searched Tickers On Benzinga Pro In October 2024 — Where Do Tesla, Nvidia, Apple, DJT Stock Rank?</a>
Here&#8217;s a look at the Benzinga Stock Whisper Index for the week ending Nov. 29:
Simon Property Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPG#NYSE">SPG</a>): The large real estate investment trust saw increased interest from readers during the week. This trend could point to optimism ahead of the 2024 holiday shopping season, which is expected to see records set <a href="https://www.benzinga.com/news/retail-sales/24/11/42225933/black-friday-cyber-monday-shopping-set-to-break-sales-records">for Black Friday</a>. 
With Thanksgiving falling later than normal, there are only 27 days from the day before Thanksgiving to Christmas Day. While this means fewer shopping weekends for retailers and malls, it could see a boost in traffic during the four main shopping holidays. 
Analysts have been raising their price targets on the stock ahead of the holiday shopping season. Stifel raised their price target from $164.50 to $175.50 and Scotiabank raised their price target from $169 to $185. Recent guidance from the company was ahead of analyst estimates for the full fiscal year according to data <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112924&amp;t=be2bearmibe3na1">from Benzinga Pro</a>.
The chart below <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112924&amp;t=be2bearmibe3na1">from Benzinga Pro </a>shows the five-day trading range of Simon Property Group. The stock is up 28% year-to-date.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112924&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="995" height="499" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/29141200/Screenshot-254.png" alt="" class="wp-image-670721" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/29141200/Screenshot-254.png 995w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/29141200/Screenshot-254-300x150.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/29141200/Screenshot-254-768x385.png 768w" sizes="(max-width: 995px) 100vw, 995px" /></a></figure>
Allison Transmission Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALSN#NYSE">ALSN</a>): The automatic transmissions company saw increased interest from readers during the week. The company makes products mainly for the commercial vehicle sector, which could benefit from an industrial boom under President-elect Donald Trump. 
The company's recent quarterly financial results continued a streak of beating analyst estimates. Allison Transmission has beaten earnings per share estimates in nine straight quarters and beat revenue estimates in four straight quarters and eight of the last nine quarters overall. 
Citigroup recently maintained a Neutral rating on the stock and raised the price target from $115 to $125. The stock was up slightly over the past week and shares are up over 100% year-to-date in 2024.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112924&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="997" height="502" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/29141216/Screenshot-255.png" alt="" class="wp-image-670723" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/29141216/Screenshot-255.png 997w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/29141216/Screenshot-255-300x151.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/29141216/Screenshot-255-768x387.png 768w" sizes="(max-width: 997px) 100vw, 997px" /></a></figure>
Constellation Energy Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>): The energy solutions company has appeared on<a href="https://www.benzinga.com/top-stories/24/07/39866122/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet"> multiple Stock Whisper Index </a>lists throughout the year and makes it return thanks to increased interest in nuclear power generation. 
The company is one of several energy companies betting on future nuclear energy that could benefit from a boom in big companies like Alphabet (Google), Amazon and Microsoft emphasizing nuclear power. 
Goldman Sachs <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41731110/goldman-sachs-sees-early-stages-of-nuclear-renaissance-in-us-analysts-highlight-top">recently said </a>the U.S. could be in the "early stages of nuclear renaissance." Constellation Energy was named in the analyst note, with the company's Three Mile Island plant being brought back online highlighted as the start of other similar moves.
"Recognition of accelerated power demand growth from utilities is leading to greater willingness to consider new large-scale reactors," Goldman Sachs said.
The company recently reported <a href="https://www.benzinga.com/news/earnings/24/11/41719271/constellation-energy-q3-earnings-beat-revised-fy24-eps-guidance-more">third-quarter financial results </a>that saw revenue and earnings per share come in ahead of analyst estimates. Constellation Energy also raised full-year earnings per share estimates.
Constellation shares were up 2.2% over the past five days and shares are up over 120% year-to-date in 2024.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112924&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="999" height="505" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/29143722/Screenshot-256.png" alt="" class="wp-image-670749" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/29143722/Screenshot-256.png 999w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/29143722/Screenshot-256-300x152.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/29143722/Screenshot-256-768x388.png 768w" sizes="(max-width: 999px) 100vw, 999px" /></a></figure>
Ufp Industries Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UFPI#NASDAQ">UFPI</a>): The wooden pallet manufacturer and industrial packaging solutions company saw increased interest from readers during the week. 
The company, which also supplies lumber to the manufacturer housing sector, recently announced the opening of a new 10,000-square-foot packaging design and development center at its Georgia facility. Ufp Industries said the new design center will offer new testing services to help its customers. 
The stock could be one to watch with the new center potentially landing bigger deals and keeping customers. The company's ties to the manufactured home sector could also be on watch with the potential for the housing sector to be a theme going forward.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112924&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="1001" height="506" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/29141251/Screenshot-257.png" alt="" class="wp-image-670725" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/29141251/Screenshot-257.png 1001w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/29141251/Screenshot-257-300x152.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/29141251/Screenshot-257-768x388.png 768w" sizes="(max-width: 1001px) 100vw, 1001px" /></a></figure>
Intuit Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>): The company, which owns TurboTax, QuickBooks and other financial products, saw increased interest from readers over the week. 
Intuit recently reported<a href="https://www.benzinga.com/news/earnings/24/11/42123997/intuit-shares-fall-after-q1-results-fy25-guidance-below-estimates"> first-quarter financial results, </a>which saw revenue and earnings per share beat analyst estimates.
While the report beat estimates, investors are becoming concerned about how the company's tax business <a href="https://www.benzinga.com/trading-ideas/movers/24/11/42073106/whats-going-on-with-intuit-shares-tuesday">could be impacted</a> by the new White House administration. The Department of Government Efficiency, led by Vivek Ramaswamy and Elon Musk, is looking to create a mobile app for Americans to file their taxes. The move, which could see more Americans file their taxes directly, could cut down on dependance for tax software like TurboTax. Intuit shares could fall further as more details of the plan come out.
Intuit stock was down on the week and shares are up 6% year-to-date in 2024.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112924&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="995" height="505" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/29141306/Screenshot-258.png" alt="" class="wp-image-670728" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/29141306/Screenshot-258.png 995w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/29141306/Screenshot-258-300x152.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/29141306/Screenshot-258-768x390.png 768w" sizes="(max-width: 995px) 100vw, 995px" /></a></figure>
Stay tuned for next week's report, and follow Benzinga Pro for all the latest headlines and&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112924&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">top market-moving stories here.</a>
Read the latest Stock Whisper Index reports here:
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<li><a href="https://www.benzinga.com/exclusives/24/11/41693907/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet" target="_blank" rel="noreferrer noopener">November 1</a></li>
<li><a href="https://www.benzinga.com/trading-ideas/24/11/41856335/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet-42" target="_blank" rel="noreferrer noopener">November 8</a></li>
<li><a href="https://www.benzinga.com/general/space/24/11/42013739/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet-43" target="_blank" rel="noreferrer noopener">November 15</a></li>
<li><a href="https://www.benzinga.com/trading-ideas/24/11/42144099/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet-44">November 22</a></li>
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<li><a href="http://Intuit Posts Q1 Beat, Shares Tank On Disappointing Outlook: Analyst Says: 'Trends Beneath The Surface Were Mixed'">Intuit Posts Q1 Beat, Shares Tank On Disappointing Outlook: Analyst Says: &#8216;Trends Beneath The Surface Were Mixed&#8217;</a></li>
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Benzinga's 'Stock Whisper' Index: 5 Stocks Investors Secretly Monitor But Don't Talk About Yet

Simon Property Group's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPG#NYSE">SPG</a>) short percent of float has fallen 9.06% since its last report. The company recently reported that it has 5.19 million shares sold short, which is 2.41% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.81 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Simon Property Group Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1731948322_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Simon Property Group has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Simon Property Group's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Simon Property Group's peer group average for short interest as a percentage of float is 4.78%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Peering Into Simon Property Group's Recent Short Interest

2024 Guidance The Company currently estimates net income to be within a range of $7.18 to $7.28 per diluted share and FFO to be within a range of $12.80 to $12.90 per diluted share, excluding the $0.14 per diluted share of unrealized losses in fair value adjustments of the Klépierre exchangeable bonds and publicly traded equity instruments, net for the year ending December 31, 2024.&nbsp; &nbsp;&nbsp;
The following table provides the GAAP to non-GAAP reconciliation for the expected range of estimated net income attributable to common stockholders per diluted share to FFO per diluted share:
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1">For the year ending December 31, 2024</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">Low</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">High</td>
</tr>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">End</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">End</td>
</tr>
<tr>
<td colspan="2" rowspan="1">Estimated net income attributable to common stockholders</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">per diluted share</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">$7.18</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">$7.28</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Depreciation and amortization including Simon's share</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">of unconsolidated entities</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">5.50</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">5.50</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Gain on acquisition of controlling interest, sale or</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">disposal of, or recovery on, assets and interest in</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">unconsolidated entities and impairment, net</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">(0.02)</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">(0.02)</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Estimated FFO per diluted share</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">$12.66</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">$12.76</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Unrealized losses in fair value adjustments</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">of the Klépierre exchangeable bonds and</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">publicly traded equity instruments, net</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">0.14</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">0.14</td>
</tr>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Estimated FFO per diluted share, excluding unrealized</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">losses in fair value adjustments of the</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Klépierre exchangeable bonds and</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">publicly traded equity instruments, net</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">$12.80</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">$12.90</td>
</tr>
</tbody>
</table>
</figure>
 &nbsp;

Guidance

Simon Property Group Sees FY24 EPS $7.18-$7.28 Vs $7.12 Est.; FFO $12.80-$12.90

Dividends
Today, Simon&#39;s Board of Directors declared a quarterly common stock dividend of $2.10 for the fourth quarter of 2024. &nbsp;This is an increase of $0.20, or 10.5% year-over-year.&nbsp; The dividend will be payable on December 30, 2024 to shareholders of record on December 9, 2024.&nbsp;
Simon&#39;s Board of Directors declared the quarterly dividend on its 8 3/8% Series J Cumulative Redeemable Preferred Stock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPGPRJ#NYSE">SPGPRJ</a>) of $1.046875 per share, payable on December 30, 2024 to shareholders of record on December 16, 2024.&nbsp;

Dividends

SPGPRJ

Simon Property Group Increases Quarterly Dividend From $2.05 To $2.10 Per Share

Simon Property Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPG#NYSE">SPG</a>) reported quarterly earnings of $2.84 per share which missed the analyst consensus estimate of $3.03 by 6.27 percent. The company reported quarterly sales of $1.481 billion which beat the analyst consensus estimate of $1.325 billion by 11.74 percent. This is a 4.96 percent increase over sales of $1.411 billion the same period last year.

Earnings

Earnings Beats

Earnings Misses

Simon Property Group Q3 2024 FFO $2.84 Misses $3.03 Estimate, Sales $1.481B Beat $1.325B Estimate

Dear Benzinga Member, One of Wall Street&#8217;s best-kept secrets is the consistent outperformance of REITs since 1972. This was when the National Association of Real Estate Investment Trusts and some large real estate developers successfully lobbied for legislative and tax changes, creating the modern version of the REIT. For the past several years, real estate has generally been viewed as toxic. Rates were rising, and a wave of refinancing&#8217;s would doom property owners to bankruptcy. Thanks to generous work-from-home policies after the pandemic, no one would rent office space again. We were building too many apartments that would never be rented, and wide swaths of America would look like the landscape in a dystopian post-apocalyptic movie. Malls were dead, and no one would ever shop in one again. While there are small kernels of truth in the bearish case for real estate, the fears were greatly exaggerated for the most part. One of the most overlooked concepts is that Real Estate Investment Trusts tend to own the most excellent properties in the best markets. There are very few sagging office buildings in bad neighborhoods or failing cities. REITs also have far more access to financing and the markets than private real estate companies. Their borrowing costs are lower, and it is easier for them to sell equity if they choose to do so. Thanks to rising mortgage rates and a lack of single-family home inventory, demand for multifamily housing has been much higher than most analysts expected. The shopping malls that were going to fail have already failed. The high-end malls in the best neighborhoods are thriving. Even center-city office towers are starting to see demand pick up as the economy continues to grow and employers rethink overly generous work-from-home policies. Now, REIT insiders have decided that the future is so bright they have to write checks. In the past few weeks, we have seen officers and directors reach into their pockets and buy more shares of the Real Estate Investment Trusts they manage. Not too long ago, investors were certain that Simon Property Group (Ticker: SPG) would be filing for bankruptcy before too much time passed. Simon is one of the largest owners of small space in the United States. Before COVID hit our shores, we were already writing off malls, and e-commerce was killing off brick-andmortar stores. Weaker malls in lower-income and less populated areas were shutting down all over America. When COVID stopped mall foot traffic cold in almost every brick-and-mortar store, Simon was the next likely casualty, according to the Instant Experts of the Internet. The experts and analysts overlooked one crucial fact: Simon Property Group owns the very best malls in the very best markets around the world. Simon Property Group&#8217;s mall portfolio is its crown jewel, featuring some of the most iconic and productive malls in the United States and abroad. These malls are primarily located in affluent, densely populated urban and suburban areas, ensuring a steady stream of consumers with strong purchasing power. SPG owns a variety of malls, from regional shopping centers to upscale, luxury malls that host high-end retailers. Flagship properties such as The Forum Shops at Caesars Palace in Las Vegas, The Galleria in Houston, and King of Prussia in Pennsylvania demonstrate SPG&#8217;s dominance in the luxury and high-traffic retail space. SPG&#8217;s portfolio of premium outlet centers represents a significant portion of its holdings. These outlets allow shoppers to purchase discounted luxury and high-end brands, drawing both local consumers and tourists. The company operates dozens of premium outlet centers across the U.S. and internationally, with flagship properties like Woodbury Common Premium Outlets in New York and Orlando International Premium Outlets in Florida serving as major retail destinations. Recognizing the shifting dynamics in retail, Simon has expanded into mixed-use developments, where retail is integrated with office, residential, and hospitality spaces. These projects are often located in densely populated urban areas and designed to meet the growing demand for live-work-play environments. For instance, Simon&#8217;s Phipps Plaza in Atlanta is undergoing a transformation to include luxury hotel accommodations, office space, and fine dining, in addition to high-end retail offerings. Simon also has a fortress-quality balance sheet and receives an investment-grade rating from the major rating agencies. Insiders know the value of their properties and have been loading up on the stock. Officers and directors have been consistently buying stock all year. They are not buying to make a few percentage points on their investment. They believe the shares of Simon Property Group can deliver huge returns equaling several times the current price. They will also be collecting a dividend yield of 4.59% while they wait. Officers and directors have also been snapping up shares of Armada Hoffler Properties (Ticker: AHH). Armada Hoffler Properties is a diversified real estate investment trust (REIT) focusing on high-quality properties across multiple sectors, including office, retail, and multifamily residential. Founded in 1979 and headquartered in Virginia Beach, Virginia, the company operates primarily in the Mid-Atlantic and Southeastern United States. The company&#8217;s portfolio comprises urban and suburban properties, strategically focusing on markets experiencing strong population growth and economic expansion. Its expertise in mixed-use development has allowed it to create vibrant, dynamic environments that cater to various tenants and residents, making its properties more resilient to market fluctuations. One of the hallmarks of Armada Hoffler&#8217;s property portfolio is its expertise in mixed-use developments. These projects integrate office, retail, and residential spaces into a single complex, often creating community hubs that offer convenience and appeal to a wide range of tenants. Notable examples include The Town Center of Virginia Beach, a landmark project that combines luxury apartments, office spaces, retail stores, dining, and entertainment in a walkable urban environment. The stock is underpriced at current levels, and insiders have been aggressively accumulating shares over the past few months. You get paid very well to wait for good things to happen, as shares of Armada Hoffler are currently yielding over 7%. Best Regards, The Benzinga Research Team Legal Disclosures: This communication is provided for information purposes only. This communication has been prepared based upon information, including market prices, data, and other information, from sources believed to be reliable, but Benzinga does not warrant its completeness or accuracy except with respect to any disclosures relative to Benzinga and/or its affiliates and an analyst&#8217;s involvement with any company (or security, other financial product or other asset class) that may be the subject of this communication. Any opinions and estimates constitute our judgment as of the date of this material and are subject to change without notice. Past performance is not indicative of future results. This communication is not intended as an offer or solicitation for the purchase or sale of any financial instrument. Benzinga does not provide individually tailored investment advice. Any opinions and recommendations herein do not take into account individual client circumstances, objectives, or needs and are not intended as recommendations of particular securities, financial instruments, or strategies to particular clients. You must make your own independent decisions regarding any securities, financial instruments, or strategies mentioned or related to the information herein. Periodic updates may be provided on companies, issuers, or industries based on specific developments or announcements, market conditions, or any other publicly available information. However, Benzinga may be restricted from updating information contained in this communication for regulatory or other reasons. Clients should contact analysts and execute transactions through a Benzinga subsidiary or affiliate in their home jurisdiction unless governing law permits otherwise. 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C-Suite Buy of the Week: REIT Edition

Simon Property Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPG#NYSE">SPG</a>) is preparing to release its quarterly earnings on Friday, 2024-11-01. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect Simon Property Group to report an earnings per share (EPS) of $3.01.
The market awaits Simon Property Group's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.
It's important for new investors to understand that guidance can be a significant driver of stock prices.
<h3>Performance in Previous Earnings</h3>
In the previous earnings release, the company missed EPS by $0.02, leading to a 5.06% increase in the share price the following trading session.
Here's a look at Simon Property Group's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>2.92</td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>EPS Actual</td>
<td>2.90</td>
<td>3.56</td>
<td>3.69</td>
<td>3.2</td>
</tr>
<tr>
<td>Price Change %</td>
<td>5.0%</td>
<td>2.0%</td>
<td>5.0%</td>
<td>4.0%</td>
</tr>
</tbody>
</table>

<h3>Market Performance of Simon Property Group's Stock</h3>
Shares of Simon Property Group were trading at $172.08 as of October 30. Over the last 52-week period, shares are up 45.34%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<h3>Insights Shared by Analysts on Simon Property Group</h3>
Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Simon Property Group.
The consensus rating for Simon Property Group is Neutral, based on 9 analyst ratings. With an average one-year price target of $162.61, there's a potential 5.5% downside.
<h3>Comparing Ratings with Competitors</h3>
The following analysis focuses on the analyst ratings and average 1-year price targets of Realty Income, Kimco Realty and Regency Centers, three prominent industry players, providing insights into their relative performance expectations and market positioning.
<ul>
<li>Analysts currently favor an Neutral trajectory for Realty Income, with an average 1-year price target of $64.73, suggesting a potential 62.38% downside.</li>
<li>The prevailing sentiment among analysts is an Neutral trajectory for Kimco Realty, with an average 1-year price target of $24.21, implying a potential 85.93% downside.</li>
<li>Regency Centers is maintaining an Outperform status according to analysts, with an average 1-year price target of $76.55, indicating a potential 55.51% downside.</li>
</ul>
<h3>Insights: Peer Analysis</h3>
In the peer analysis summary, key metrics for Realty Income, Kimco Realty and Regency Centers are highlighted, providing an understanding of their respective standings within the industry and offering insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Simon Property Group</td>
<td>Neutral</td>
<td>6.47%</td>
<td>$1.23B</td>
<td>16.54%</td>
</tr>
<tr>
<td>Realty Income</td>
<td>Neutral</td>
<td>31.42%</td>
<td>$1.24B</td>
<td>0.66%</td>
</tr>
<tr>
<td>Kimco Realty</td>
<td>Neutral</td>
<td>12.96%</td>
<td>$342.07M</td>
<td>1.05%</td>
</tr>
<tr>
<td>Regency Centers</td>
<td>Outperform</td>
<td>13.68%</td>
<td>$252.28M</td>
<td>1.49%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Simon Property Group ranks in the middle among its peers for Consensus. It ranks at the bottom for Revenue Growth. It ranks at the top for Gross Profit. It ranks in the middle for Return on Equity.
<h3>Unveiling the Story Behind Simon Property Group</h3>
Simon Property Group is the second-largest real estate investment trust in the United States. Its portfolio includes an interest in 230 properties: 136 traditional malls, 69 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.
<h3>Financial Milestones: Simon Property Group's Journey</h3>
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
Positive Revenue Trend: Examining Simon Property Group's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 6.47% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Real Estate sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 33.84%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Simon Property Group's ROE stands out, surpassing industry averages. With an impressive ROE of 16.54%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 1.47%, the company showcases effective utilization of assets.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 8.89, caution is advised due to increased financial risk.
<a href="https://www.benzinga.com/quote/SPG/earnings">To track all earnings releases for Simon Property Group visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Peek at Simon Property Group's Future Earnings

Now that the stock market is going into a new trend and cycle, sparked by the recent Federal Reserve (the Fed) interest rate cuts initiating a potential money shift over the next few quarters, investors might start to prefer safer spaces and stocks to put their capital into. Among all these preferences, the income aspect could make it to the top of the list now.
This is because, as interest rates come down, savings account yields could also decrease significantly. Seeing this change in liquid capital funds and accounts could lead investors to new stocks with attractive yields through dividend payments. It is important to get ahead of the trend through today&#39;s stock list before they become popular and the yield is not there tomorrow.
Bonds are now back above a 4% annual yield for the ten-year treasury bond, which may not last long since they were below 3.8% even before the Fed cut interest rates, so buying into the iShares 20+ Year Treasury Bond ETF (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tlt#NASDAQ">TLT</a>) can be a good idea. Then there is the real estate sector, known for its stability and rental income. Stocks like Realty Income Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/o#NYSE">O</a>) and Simon Property Group Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/spg#NYSE">SPG</a>) come as a prime choice for high dividends.
<h2>Lock in Today&#39;s Bond Yields with This High-Yield ETF Before They&#39;re Gone</h2>
Now that this bond ETF has traded down by over 10% from its 52-week high of roughly $101.5 a share, investors have a new opportunity to get in a lock their dividend yields through treasury bonds, arguably one of the safest and most reliable ways to collect dividend payouts.
At today&#39;s price, the ETF&#39;s annual payout of $3.65 a share would translate into an annualized dividend yield of up to 3.86% to beat inflation and be above U.S. GDP growth. More than that, now investors know the ETF offers a double-digit upside on top of this reliable dividend to sweeten the deal.
There has also been some institutional interest in this ETF lately. Knowing that the Fed will likely continue to cut interest rates in the next few meetings, bringing yields lower and bond prices higher, investors are likely looking to lock in not only today&#39;s prices but also today&#39;s yields.
Those at Northwestern Mutual Wealth Management decided to boost their holdings in the ETF by as much as 2,810% as of August 2024, netting their position at $2.99 billion today or 5.5% ownership in the entire ETF. More than that, Stanley Druckenmiller (who is responsible for George Soros&#39; returns) has also rotated his profits from NVIDIA Co.&nbsp;into this ETF.
<h2>Realty Income: Inflation-Beating Monthly Dividend for Consistent Returns</h2>
Shares of Realty Income, one of the few real estate investment trusts (REITs) that offer a monthly dividend payment, offer a chance to lock in a reliable monthly income. Even though the stock trades at its 52-week high, some on Wall Street believe there is still some upside left.
Analysts at Stifel Nicolaus have reiterated their &quot;Buy&quot; ratings on Realty Income stock, a view coupled with a price target of up to $70.25 a share. This directly calls for as much as 13.7% from where it trades today, not to mention a new yearly high for the stock.
Through the portfolio&#39;s stability and rental income, management now offers an annual dividend payout of $3.16 a share, or an annualized yield of 5.1%, which is near the highest recorded yield of 6.6%. Like any other investor looking to lock in stable and attractive income sources, some institutional buyers decided to add to their Realty Income stock positions.
As of August 2024, Legal &amp; General Group boosted its holdings by 4.5%, an allocation that brought its net investment in Realty Income stock up to $467.5 million today, or 1.4% ownership in the REIT. Based on this property portfolio&#39;s quality and growth, broader markets are also stepping up to the plate.
Compared to the rest of the REIT industry&#39;s average 38.3x P/E valuation, Realty Income stock trades at a much higher 57.0x multiple today. This shows a willingness to overpay from the overall market, which is always a good sign for bulls.
<h2>Institutions Lead the Charge on Simon Property Group Stock Ahead of Market Moves</h2>
Over the past quarter, Simon Property Group stock has seen a few institutional buyers come in to lock in the high dividend yield offered today. This is another REIT trading at its 52-week high to show investors that momentum has been on its side during the past few weeks, but some think there could be more.
Knowing that lower interest rates could spark new trends in the consumer discretionary sector, which make up for all the tenants at Simon&#39;s properties, management feels comfortable paying a $8.20 a share dividend per year. At today&#39;s price, this payout would translate into an annual dividend yield of up to 4.85% today to also beat inflation rates and GDP growth.
Those at HSBC Holdings felt it was the right time to boost their holdings in the REIT by 6.7% as of August 2024, bringing their net position to $162.7 million today. Getting ahead of the curb is common for institutions this big, but they weren&#39;t alone in their bullish views.
Analysts at Piper Sandler recently set a price target of $175 a share for Simon Property Group, calling for a net upside of 3.5% from today&#39;s price. This view is coupled with Evercore&#39;s new &quot;Outperform&quot; rating, which has a $172 price target.
The article &quot;<a href="https://www.marketbeat.com/stock-ideas/3-high-yield-stocks-to-lock-in-steady-income-this-quarter/">3 High-Yield Stocks to Lock in Steady Income This Quarter</a>&quot; first appeared on MarketBeat.

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3 High-Yield Stocks to Lock in Steady Income This Quarter

Shares of Simon Property Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/spg#NYSE">SPG</a>) have soared 17.4%% in the year-to-date period compared with its industry&#39;s growth of 7.8%.
This retail real estate investment trust&#39;s (REITs) portfolio of premium retail assets in the United States and abroad, the adoption of omnichannel retailing, focus on mixed-use developments and healthy balance sheet strength have enabled it to ride the growth curve so far.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/eb/80816.jpg?v=139820625" />
Image Source: Zacks Investment Research
Let us now decipher the factors behind the increase in the stock price and check whether the trend will last.
Simon Property enjoys a wide exposure to retail assets across the United States. Moreover, the company&#39;s international presence fosters sustainable long-term growth as compared with its domestically-focused peers. Its ownership stake in Kl&eacute;pierre facilitates the expansion of its global footprint, which gives it access to premium retail assets in the high barrier-to-entry markets of Europe. We believe that diversification, with respect to both product and geography, will help it grow over the long term.
In the first half of 2024, it signed 572 new leases and 1,251 renewal leases (excluding mall anchors and majors, new development, redevelopment and leases with terms of one year or less) with a fixed minimum rent across its U.S. Malls and Premium Outlets portfolio.
Given the favorable retail real estate environment, this leasing momentum is expected to continue in the upcoming quarters. As of June 30, 2024, the ending occupancy for the U.S. Malls and Premium Outlets portfolio came in at 95.6%, up 90 basis points from 94.7% as of June 30, 2023. We project the 2024 year-end occupancy for this portfolio to be 95.7%.
Simon Property&#39;s adoption of an omni-channel strategy and successful tie-ups with premium retailers have paid off well. Its online retail platform, coupled with an omnichannel strategy, is likely to be accretive to its long-term growth. The company is also focused on tapping its growth opportunities by assisting digital brands enhance their brick-and-mortar presence.
Also, its efforts to explore the mixed-use development option, which has gained immense popularity in recent years, has enabled it to tap the growth opportunities in areas where people prefer to live, work and play.
<h2>SPG&#39;s Balance Sheet &amp; ROE</h2>
The retail REIT maintains a healthy balance sheet position and has $11.2 billion of liquidity as of the end of the second quarter of 2024. As of June 30, 2024, Simon Property&#39;s total secured debt to total assets was 17%, while the fixed-charge coverage ratio was 4.3, ahead of the required level.
SPG also enjoys a corporate investment-grade credit rating of A- from Standard and Poor&#39;s and a senior unsecured rating of A3 from Moody&#39;s, rendering it favorable access to the debt market. The company&#39;s solid financial footing with ample financial flexibility is likely to support its growth endeavors going forward.
In addition, SPG&#39;s trailing 12-month return on equity is 78.14% compared with the industry&#39;s average of 6.28%. This reflects that the company is more efficient in using shareholders&#39; funds than its peers.
<h2>SPG&#39;s Dividend Payments</h2>
Solid dividend payouts are a massive enticement for REIT investors, and SPG has remained committed to boosting shareholder wealth. Encouragingly, the company has raised its dividend payout 11 times in the last five years, with the latest hike being announced in August 2024, concurrent with the second-quarter 2024 earnings release.
Given SPG&#39;s solid operating platform, opportunities for growth, and decent financial position compared with the industry, we expect the dividend rate to be sustainable in the upcoming period.
<h2>Risks Likely to Affect SPG&#39;s Positive Trend</h2>
rowing e-commerce adoption is likely to adversely impact the market share for brick-and-mortar stores and affect retail REITs including Simon Property. Limited consumers&#39; willingness to spend amid macroeconomic uncertainty poses key near-term concerns for the company.
<h2>Stocks to Consider</h2>
Some better-ranked stocks from the retail REIT sector are Brixmor Property Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/brx#NYSE">BRX</a>) and Tanger, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/skt#NYSE">SKT</a>), each carrying a Zacks Rank #2 (Buy) at present.
The Zacks Consensus Estimate for Brixmor&#39;s 2024 FFO per share is pinned at $2.13, suggesting year-over-year growth of 4.4%.
The Zacks Consensus Estimate for Tanger&#39;s 2024 FFO per share stands at $2.09, indicating an increase of 6.6% from the year-ago reported figure.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs.
<a href="https://www.zacks.com/stock/news/2347757/simon-property-soars-17-4-year-to-date-will-the-trend-last?cid=CS-BENZ-FT-analyst_blog|price_surge_/_plunge-2347757">To read this article on Zacks.com click here.</a>

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Simon Property Soars 17.4% Year to Date: Will the Trend Last?

Simon&#xAE;, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, announced today that its majority-owned operating partnership subsidiary, Simon Property Group, L.P. (the "Operating Partnership"), has agreed to sell $1.0 billion aggregate principal amount of its 4.750% Notes due 2034.
The new issue of senior notes has a term of 10 years and a coupon rate of 4.750%. The offering is expected to close on September 26, 2024, subject to customary closing conditions.
The Operating Partnership intends to use the net proceeds of the offering for general corporate purposes, including to repay other unsecured indebtedness.

Offerings

Simon Property Group Sells $1B Aggregate Principal Amount Of Its 4.750% Notes Due 2034

Financing

Simon Property Group Amended, Restated And Extended $3.5B Revolving Credit Facility

Evercore ISI Group analyst Steve Sakwa upgrades Simon Property Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPG#NYSE">SPG</a>) from In-Line to Outperform and raises the price target from $160 to $172.

Upgrades

Evercore ISI Group Upgrades Simon Property Group to Outperform, Raises Price Target to $172

Across the recent three months, 8 analysts have shared their insights on Simon Property Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPG#NYSE">SPG</a>), expressing a variety of opinions spanning from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated Simon Property Group and provided 12-month price targets. The average target is $161.44, accompanied by a high estimate of $175.00 and a low estimate of $155.00. Surpassing the previous average price target of $157.56, the current average has increased by 2.46%.
<img src="https://www.benzinga.com/files/images/story/2024/1726142442_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Simon Property Group. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Simon Yarmak</td>
<td>Stifel</td>
<td>Raises</td>
<td>Hold</td>
<td>$159.00</td>
<td>$157.50</td>
</tr>
<tr>
<td>Alexander Goldfarb</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$175.00</td>
<td>$190.00</td>
</tr>
<tr>
<td>Ki Bin Kim</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Hold</td>
<td>$158.00</td>
<td>$147.00</td>
</tr>
<tr>
<td>Steve Sakwa</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>In-Line</td>
<td>$160.00</td>
<td>$157.00</td>
</tr>
<tr>
<td>Nicholas Yulico</td>
<td>Scotiabank</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$169.00</td>
<td>$152.00</td>
</tr>
<tr>
<td>Vikram Malhorta</td>
<td>Mizuho</td>
<td>Raises</td>
<td>Neutral</td>
<td>$158.00</td>
<td>$155.00</td>
</tr>
<tr>
<td>Simon Yarmak</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$157.50</td>
<td>$152.00</td>
</tr>
<tr>
<td>Steve Sakwa</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>In-Line</td>
<td>$155.00</td>
<td>$150.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Simon Property Group. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Simon Property Group compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
Capture valuable insights into Simon Property Group's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/SPG/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Simon Property Group analyst ratings.</a>
<h2>Discovering Simon Property Group: A Closer Look</h2>
Simon Property Group is the second-largest real estate investment trust in the United States. Its portfolio includes an interest in 230 properties: 136 traditional malls, 69 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 21% interest in Klépierre, a European retail company with investments in shopping centers in 16 countries, and joint-venture interests in 33 premium outlets across 11 countries.
<h3>Financial Milestones: Simon Property Group's Journey</h3>
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Revenue Growth: Simon Property Group displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately 6.47%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Real Estate sector.
Net Margin: Simon Property Group's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 33.84% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Simon Property Group's ROE excels beyond industry benchmarks, reaching 16.54%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Simon Property Group's ROA stands out, surpassing industry averages. With an impressive ROA of 1.47%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Simon Property Group's debt-to-equity ratio stands notably higher than the industry average, reaching 8.89. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>Analyst Ratings: What Are They?</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

The Analyst Landscape: 8 Takes On Simon Property Group

Stifel analyst Simon Yarmak downgrades Simon Property Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPG#NYSE">SPG</a>) from Buy to Hold and raises the price target from $157.5 to $159.

Downgrades

Stifel Downgrades Simon Property Group to Hold, Raises Price Target to $159

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JCPenney merged with Simon Property's Simon Properties Authentic Retail Concepts to create department store giant Catalyst Brands.

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