SPG Stock Summary and Trading Ideas (Simon Property Group | NYSE:SPG)

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.

Simon Property Group trades on the NYSE stock market under the symbol SPG.

As of December 27, 2024, SPG stock price declined to $172.01 with 647,188 million shares trading.

SPG has a beta of 0.59, meaning it tends to be less sensitive to market movements. SPG has a correlation of 0.14 to the broad based SPY ETF.

SPG has a market cap of $56.06 billion. This is considered a Large Cap stock.

Last quarter Simon Property Group reported $1 billion in Revenue and $2.84 earnings per share. This beat revenue expectation by $21 million and missed earnings estimates by -$.16.

In the last 3 years, SPG traded as high as $186.00 and as low as $86.02.

The top ETF exchange traded funds that SPG belongs to (by Net Assets): VNQ, VTI, VOO, SPY, IVV.

SPG has underperformed the market in the last year with a price return of +25.4% while the SPY ETF gained +26.4%. SPG has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +3.8% and -4.2%, respectively, while the SPY returned +4.5% and -1.2%, respectively.

SPG support price is $171.56 and resistance is $176.04 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SPG shares will trade within this expected range on the day.