Stockchase Research Editor: Michael O'Reilly SPG is re-inventing itself, along with partner Brookfield Property Partners. Specifically, the two are partnering to bid for bankrupt JCPenny. This could all be part of a cagey strategy to use the space for Amazon fulfillment centres to allow the e-commerce giant to speed up delivery and increase distribution efficiency. We think the dividend cut potentially be at risk to a cut, but we think that fact is already priced in. Analysts see upside to over $86 -- upside of 30%. We would use $55 as a stop loss. Yield 7.67% (Analysts’ price target is $86.14)
Stockchase Research Editor: Michael O'Reilly SPG is re-inventing itself, along with partner Brookfield Property Partners. Specifically, the two are partnering to bid for bankrupt JCPenny. This could all be part of a cagey strategy to use the space for Amazon fulfillment centres to allow the e-commerce giant to speed up delivery and increase distribution efficiency. We think the dividend cut potentially be at risk to a cut, but we think that fact is already priced in. Analysts see upside to over $86 -- upside of 30%. We would use $55 as a stop loss. Yield 7.67% (Analysts’ price target is $86.14)
The sell off is largely driven from fear of tenants not paying their rent. The fear is real but it is based on the premise that people don't go back to work. REITs will reach agreements with their bankers. This is a great company and a great hold longer term, but there are better opportunities closer to home. CRR.UN-T REIT would be a better pick.
The sell off is largely driven from fear of tenants not paying their rent. The fear is real but it is based on the premise that people don't go back to work. REITs will reach agreements with their bankers. This is a great company and a great hold longer term, but there are better opportunities closer to home. CRR.UN-T REIT would be a better pick.
US REITs? He shares his interest in the sector because they rose dramatically from the crisis years, and then eased back a little. There are 2 concerns. Higher interest rates and their ability to borrow. There is also the question about the need for property given the migration of consumer spending to the Internet from the old bricks and mortar mall. He would urge you to look at the Simon Property Group, because it is the largest and bluest chip of all the mall operators.
US REITs? He shares his interest in the sector because they rose dramatically from the crisis years, and then eased back a little. There are 2 concerns. Higher interest rates and their ability to borrow. There is also the question about the need for property given the migration of consumer spending to the Internet from the old bricks and mortar mall. He would urge you to look at the Simon Property Group, because it is the largest and bluest chip of all the mall operators.
(A Top Pick Jan 27/16. Up 0.31%.) This is interest rate sensitive, which has been a drag on the stock. It is the best of breed and has great use of capital. Pristine balance sheet. Great international exposure. Class A mall operator. But this is not the time. Rates are going higher which means a cap rate on the valuation of the hard assets is a bit tougher right now.
(A Top Pick Jan 27/16. Up 0.31%.) This is interest rate sensitive, which has been a drag on the stock. It is the best of breed and has great use of capital. Pristine balance sheet. Great international exposure. Class A mall operator. But this is not the time. Rates are going higher which means a cap rate on the valuation of the hard assets is a bit tougher right now.
E-commerce is a big threat, but he is comfortable owning this because they have fantastic properties and great locations. These are in closed malls, but they have high output. Their sales per square foot is very high and traffic continues to go up. They’ve done a fantastic job of reorienting some of the malls to make them look a little more service oriented. A good example of location, location, location. Trading at a substantial discount to NAV, and he would be prone to pick away at this here.
E-commerce is a big threat, but he is comfortable owning this because they have fantastic properties and great locations. These are in closed malls, but they have high output. Their sales per square foot is very high and traffic continues to go up. They’ve done a fantastic job of reorienting some of the malls to make them look a little more service oriented. A good example of location, location, location. Trading at a substantial discount to NAV, and he would be prone to pick away at this here.
This has sold off dramatically. It is the largest REIT in the world with one of the strongest balance sheets. They own the highest quality malls. They are growing and can deliver growth to offset a higher cost of capital in coming years. (Analysts’ Target: $220.86)
REITs tend to do well in the spring and summer. Once we get into September, we enter into a period of seasonal weakness. That takes a lot of the REITs lower until about the Nov/Dec timeframe. The chart for this year shows it going up to the beginning of August and then dropping with lower lows and lower highs. Momentum indicators are heading lower and it is underperforming the market.
REITs tend to do well in the spring and summer. Once we get into September, we enter into a period of seasonal weakness. That takes a lot of the REITs lower until about the Nov/Dec timeframe. The chart for this year shows it going up to the beginning of August and then dropping with lower lows and lower highs. Momentum indicators are heading lower and it is underperforming the market.
Simon Property Group Inc. is a American stock, trading under the symbol SPG-N on the New York Stock Exchange (SPG). It is usually referred to as NYSE:SPG or SPG-N
In the last year, 5 stock analysts published opinions about SPG-N. 2 analysts recommended to BUY the stock. 3 analysts recommended to SELL the stock. The latest stock analyst recommendation is TOP PICK. Read the latest stock experts' ratings for Simon Property Group Inc..
Simon Property Group Inc. was recommended as a Top Pick by Stan Wong on 2021-01-13. Read the latest stock experts ratings for Simon Property Group Inc..
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
5 stock analysts on Stockchase covered Simon Property Group Inc. In the last year. It is a trending stock that is worth watching.
On 2021-01-15, Simon Property Group Inc. (SPG-N) stock closed at a price of $93.