SPG Stock Recent News

In every market, there are markers and yardsticks - or benchmarks as they like to call them - that attract investment dollars in and out of specific vehicles and asset classes. Focusing on stocks today, you will learn where a few yardsticks are moving and how investors like Ray Dalio have gotten a headstart on what could be the rally of the year.

In the most recent trading session, Simon Property (SPG) closed at $140.65, indicating a +0.28% shift from the previous trading day.

Plymouth Industrial REIT, Inc. has strong fundamental momentum and potential for further upside due to industry and macro trends in its favor. Simon Property Group, Inc. has a low FFO multiple but its real estate business is showing growth potential disguised by the drag from its cyclical operating retailers. EPR Properties may experience a reversal in its momentum as its price movement is not supported by fundamental strength and it faces significant tenant risk.

You've got to know when to hold 'em. Know when to fold 'em. Know when to walk away.

In the closing of the recent trading day, Simon Property (SPG) stood at $145.16, denoting a +1.07% change from the preceding trading day.

Simon Property Group, Inc. has considerable recovery potential and a rapidly restoring dividend, making it an attractive investment opportunity. The company's dividend has almost returned to pre-cut levels. Yet, the dividend coverage has materially improved over the coverage of 2019. Simon Property Group's well-located portfolio helps it weather downturns better than competitors, contributing to the rapid dividend restoration.

Have you noticed how most businesses, namely retail and car dealerships, like Ralph Lauren NYSE: RL and Carvana NYSE: CVNA, have been upping their email marketing campaigns to include company-wide discounts and promotions to get their inventories moving? There's a reason behind priming customers like yourself for a sales spree.

The latest trading day saw Simon Property (SPG) settling at $134.49, representing a -0.22% change from its previous close.

A few key developments have taken place since I last wrote about Simon Property ~3 months ago. Its stock price rallied sizably (which drove up its valuation) and the future direction of interest rates has become even more confusing in my view. At confusing times, it is especially important to seek guidance from basic principles.

Simon Property Group, Inc. (NYSE:SPG ) Goldman Sachs 2023 US Financial Services Conference December 5, 2023 3:40 PM ET Company Participants Brian McDade - Chief Financial Officer Conference Call Participants Caitlin Burrows - Goldman Sachs Caitlin Burrows Thank you, Brian, for joining us, and everyone else. I'm Caitlin Burrows and I cover REITs at Goldman Sachs.