Simon Property Group: Strong Fundamentals Make This REIT A Buy And Hold [Seeking Alpha]
Simon Property Group, Inc. (SPG)
Last simon property group, inc. earnings: 2/4 07:30 am
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US:NYSE Investor Relations:
investors.simon.com
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Source: Seeking Alpha
SPG reported strong Q4 earnings, beating expectations and showing growth in domestic and international properties. The company rewarded shareholders with dividend increases and an announcement of a $2 billion buyback program, signaling strong financials and future growth. I have a price target of $158 for Simon Property Group. Introduction With REITs still out of favor with dividend investors, many are currently trading at attractive levels. I've been heavily adding to my REIT positions to take advantage of the buying opportunity before rate cuts occur, which is expected to happen sometime in the near future. One that I think still offers investors some upside is Simon Property Group ( NYSE: SPG ) stock. In this article, we'll discuss the company's financials, dividend safety, and outlook for 2024. In the meantime, I think the stock presents a buying opportunity for long term dividend investors. Previous Thesis I last covered Simon Property Group roughly 6 months ago in a
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SPG
News
- Simon® Announces Exciting Additions to Woodbury Common Premium Outlets® [Yahoo! Finance]Yahoo! Finance
- Simon® Announces Exciting Additions to Woodbury Common Premium Outlets®PR Newswire
- EXCLUSIVE: Simon's Woodbury Common Premium Outlets Sets Elevated Experience [Yahoo! Finance]Yahoo! Finance
- Express may lay off over 600 employees at corporate offices in Columbus [Yahoo! Finance]Yahoo! Finance
- Here's what Express stores are closing in NY, NJ [Yahoo! Finance]Yahoo! Finance
SPG
Earnings
- 2/5/24 - Beat
SPG
Sec Filings
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- SPG's page on the SEC website