Buy, Sell or Hold: Simon Property Group Inc. (SPG-N)

NYSE:SPG

143.75

0.78 (0.54%) 1d

Showing 1 to 15 of 41 entries

BUY

They own the best malls in the U.S. His favourite REIT in this space. Reported a strong quarter in August with occupancy rates climbing. It's trading the cheapest ever, so the stock is bound to rise. Pays a 4.6% dividend.

investment companies / funds

BUY on WEAKNESS

Allan Tong’s Discover Picks Meanwhile, Simon’s vacancy rate is holding on: 91.8% in Q2-2021, 94.4% in 2020, and 92.9% in 2019. Also remember that American unemployment remains low while savings levels are historically high. Americans are flush. Simon is a large and diversified REIT stock. Its 4.44% dividend is relatively safe and it trades at a 29.1x PE compared to the industry’s 114x. Margins and returns also handily beat its peers, such as its ROE of 57.2% vs. 13.7%. The only problem is that they good news is baked into SPG stock’s current share price of $141. Wall Street foresees only 4.6% upside based on seven buys and five holds for this REIT stock. Buy on a pullback. Read 3 Promising Office and Mall REIT Stocks for our full analysis.

investment companies / funds

BUY

Shopping retail REITs have a lot on the line. They are super-aggressively signing up occupants. The CEO said that total sales for June equaled June 2019, up 80% YOY with occupancy at 91.8%. They continue to see demand from loca, regional and national occupants including restaurants and mixed-use. That's why they raised their dividend.

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TOP PICK

Biggest mall operator and they are doing well. Brick and mortar retail is booming in wealthy areas. Owns class-A malls. Mentions on social media are up 200% in the last 24 hours.

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PAST TOP PICK

(A Top Pick Aug 13/20, Up 72.7%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with SPG has triggered its stop at $115. We recommend covering the balance of the position at this time. Combined with the previous recommendation to cover 50%, this creates a combined net return of 50%.

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PAST TOP PICK

(A Top Pick Aug 13/20, Up 82.8%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with SPG continues to do well. We are now recommending to trail up the stop (from $105) to $115. If triggered, this would all but guarantee an investment return of 50% when considering the recommendation to cover 50% previously.

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BUY

He expects their Monday report to shoot out the lights. It's the biggest mall operator and doing well. Brick and mortar retail is booming, at least in wealthy areas. He expects good numbers from SPG because they own class-A malls.

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PAST TOP PICK

(A Top Pick Aug 13/20, Up 71.3%)Stockchase Research Editor: Michael O'Reilly We are recommending trailing up the stop to $105. This would all but guarantee a minimum investment return of 43%, including the previous recommendation to cover 50%.

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BUY on WEAKNESS

Continues to like it. Might be a bit overbought. 6-12 months out, as US vaccinations increase, this name should do really well. A recovery story. Low vacancy rate, premium locations and malls. Higher beta, so watch out. Pretty decent dividend at 4.5%.

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BUY

It sounds crazy, but people will return to malls. Simon malls are now upscale and will benefit from the reopening. Yes, people will buy online, but people want to spend in person, and the mall is the place they'll go. You're not early these reopening names, but not late either.

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HOLD

Solid company and management. Some of the best US malls. Sometimes size hurts you. Has rebounded nicely, getting close to NAV. Risk/reward is not there today. It will survive.

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TOP PICK

Premier shopping mall in the US. Unique shopping experiences. Post-Covid, the outlook is impressive. Yield is 5.99%. (Analysts’ price target is $96.47)

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DON'T BUY

Top-tier malls, but she's concerned over the next few years. Sales falling, rents coming down. Stock falling well before Covid. We're not going to get to the new normal anytime soon. Prefers REITs benefiting from secular trends like data centres, towers, industrials.

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PAST TOP PICK

(A Top Pick Aug 13/20, Up 29.1%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK in SPG has achieved its $86 objective. To be disciplined, we are recommending covering 50% of the position and trailing up the stop to $59.00 – near to our initial buy recommendation.

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PARTIAL BUY

A little risker than Federal Realty. Simon is the top mall owner. They bought a mall before Covid hit, but later negotiated a 20% discount for it. With vaccines coming and the reopening, Simon will benefit big time.

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Showing 1 to 15 of 41 entries

Simon Property Group Inc.(SPG-N) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 11

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 2

Total Signals / Votes : 14

Stockchase rating for Simon Property Group Inc. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Simon Property Group Inc.(SPG-N) Frequently Asked Questions

What is Simon Property Group Inc. stock symbol?

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

Is Simon Property Group Inc. a buy or a sell?

In the last year, 14 stock analysts published opinions about SPG-N. 11 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Simon Property Group Inc..

Is Simon Property Group Inc. a good investment or a top pick?

Simon Property Group Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for Simon Property Group Inc..

Why is Simon Property Group Inc. stock dropping?

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.

Is Simon Property Group Inc. worth watching?

14 stock analysts on Stockchase covered Simon Property Group Inc. In the last year. It is a trending stock that is worth watching.

What is Simon Property Group Inc. stock price?

On 2021-10-19, Simon Property Group Inc. (SPG-N) stock closed at a price of $143.75.

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