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Simon Property (SPG) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
The latest trading day saw Simon Property (SPG) settling at $150.36, representing a +0.14% change from its previous close.
Simon Property (SPG) is poised to benefit from its portfolio of premium assets, a focus on omnichannel retailing and strategic buyouts, though higher e-commerce adoption and high rates are worrisome.
Simon Property Group has reached a valuation of over 13.5x P/AFFO at $150/share or above. The company's growth estimates for the next few years suggest lower-than-average rates of return. I now believe that SPG should be considered a target for divesting if you want a conservative growth rate in excess of double digits on a forward basis.
Simon Property (SPG) reachead $155.81 at the closing of the latest trading day, reflecting a +0.26% change compared to its last close.
Simon Property Group offers upside for long-term dividend investors and is a compelling buy at current levels. 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.
Simon Property (SPG) reachead $150.77 at the closing of the latest trading day, reflecting a +0.94% change compared to its last close.
Simon Property (SPG) concluded the recent trading session at $151.49, signifying a +0.59% move from its prior day's close.
Simon Property Group, Inc. (NYSE:SPG ) Citi's 2024 Global Property CEO Conference March 5, 2024 9:35 AM ET Company Participants David Simon – Chief Executive Officer Conference Call Participants Nick Joseph – Citigroup Craig Mailman – Citigroup Nick Joseph Welcome to Citi's 2024 Global Property CEO Conference. I'm Nick Joseph joined by Craig Mailman with Citi Research, and we are pleased to have with us Simon Property Group and CEO, David Simon.
Many investors have been chasing bonds instead of dividend stocks for the better part of 2023, as the ten-year United States treasury bond yield reached 5.0% at one point. Retracing to 4.3% today, it is still a potentially attractive proposition to beat inflation.