Simon Property Group (NYSE:SPG) Stock, Quote.Headers.trade-ideas

Simon Property Group

Simon Property Group is the second-largest real estate investment trust in the United States. Its portfolio includes an interest in 230 properties: 136 traditional malls, 69 premium outlets, 14 Mills centers (a combination of a traditional mall, outlet center, and big-box retailers), 6 lifestyle centers, and 5 other retail properties. Simon's portfolio averaged $743 in sales per square foot in 2023 compared with $693 in sales per square foot over the 12 months before the pandemic. The company also owns a 21% interest in Klépierre, a European retail company with investments in shopping centers in 16 countries, and joint-venture interests in 33 premium outlets across 11 countries.

Large Cap

Mid Cap

News

REIT

Management

Markets

Analyst Ratings

Trading Ideas

Real Estate

Regency Centers (NASDAQ: REG) recently announced the opening of Oakley Shops at Laurel Fields, a new ground-up development anchored by Safeway in Oakley, CA.

Regency Starts Safeway-Anchored Oakley Shops&#39; Development

3 titoli immobiliari con dividendi superiori al 7% consigliati da Wall Street

Dividends

Price Target

Pre-Market Outlook

VICI

Wall Street&#39;s Most Accurate Analysts Weigh In On 3 Real Estate Stocks With Over 5% Dividend Yields

earnings

Earnings

After-Hours Center

Movers

Simon Property Group reported its second-quarter financial results Monday. Here&#39;s a look at the key metrics for the quarter.

Simon Property Group Reports Mixed Q2 Results: EPS Miss, Revenue Beats

Simon Property Group Inc

Sacks Parente Golf Inc

SP Group AS

SPACE GROUP HLDGS LTD by SPACE GROUP HLDGS LTD

S&P Global Inc

SPGL Acquisition Corporation

SPDR Portfolio MSCI Global Stock Market ETF

Invesco S&P 500 GARP ETF

SUSTAINABLE PROJECTS GRP by Sustainable Projects Group Inc.

Sustainable Projects Group Inc

WHITECAP RESOURCES INC by Whitecap Resources, Inc.

Whitecap Resources Inc

SPECTRUM GROUP INTL INC by Spectrum Group International Inc.

Spectrum Group International Inc

Simon Property Group, Inc. Simon Property Group 8 3/8% Series J Cumulative Redeemable Preferred Stock

Financing

Simon Property Group Amended, Restated And Extended $3.5B Revolving Credit Facility

Evercore ISI Group analyst Steve Sakwa upgrades Simon Property Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPG#NYSE">SPG</a>) from In-Line to Outperform and raises the price target from $160 to $172.

Upgrades

Evercore ISI Group Upgrades Simon Property Group to Outperform, Raises Price Target to $172

Across the recent three months, 8 analysts have shared their insights on Simon Property Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPG#NYSE">SPG</a>), expressing a variety of opinions spanning from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated Simon Property Group and provided 12-month price targets. The average target is $161.44, accompanied by a high estimate of $175.00 and a low estimate of $155.00. Surpassing the previous average price target of $157.56, the current average has increased by 2.46%.
<img src="https://www.benzinga.com/files/images/story/2024/1726142442_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Simon Property Group. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Simon Yarmak</td>
<td>Stifel</td>
<td>Raises</td>
<td>Hold</td>
<td>$159.00</td>
<td>$157.50</td>
</tr>
<tr>
<td>Alexander Goldfarb</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$175.00</td>
<td>$190.00</td>
</tr>
<tr>
<td>Ki Bin Kim</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Hold</td>
<td>$158.00</td>
<td>$147.00</td>
</tr>
<tr>
<td>Steve Sakwa</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>In-Line</td>
<td>$160.00</td>
<td>$157.00</td>
</tr>
<tr>
<td>Nicholas Yulico</td>
<td>Scotiabank</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$169.00</td>
<td>$152.00</td>
</tr>
<tr>
<td>Vikram Malhorta</td>
<td>Mizuho</td>
<td>Raises</td>
<td>Neutral</td>
<td>$158.00</td>
<td>$155.00</td>
</tr>
<tr>
<td>Simon Yarmak</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$157.50</td>
<td>$152.00</td>
</tr>
<tr>
<td>Steve Sakwa</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>In-Line</td>
<td>$155.00</td>
<td>$150.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Simon Property Group. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Simon Property Group compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
Capture valuable insights into Simon Property Group's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/SPG/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Simon Property Group analyst ratings.</a>
<h2>Discovering Simon Property Group: A Closer Look</h2>
Simon Property Group is the second-largest real estate investment trust in the United States. Its portfolio includes an interest in 230 properties: 136 traditional malls, 69 premium outlets, 14 Mills centers (a combination of a traditional mall, outlet center, and big-box retailers), 6 lifestyle centers, and 5 other retail properties. Simon's portfolio averaged $743 in sales per square foot in 2023 compared with $693 in sales per square foot over the 12 months before the pandemic. The company also owns a 21% interest in Klépierre, a European retail company with investments in shopping centers in 16 countries, and joint-venture interests in 33 premium outlets across 11 countries.
<h3>Financial Milestones: Simon Property Group's Journey</h3>
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Revenue Growth: Simon Property Group displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately 6.47%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Real Estate sector.
Net Margin: Simon Property Group's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 33.84% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Simon Property Group's ROE excels beyond industry benchmarks, reaching 16.54%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Simon Property Group's ROA stands out, surpassing industry averages. With an impressive ROA of 1.47%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Simon Property Group's debt-to-equity ratio stands notably higher than the industry average, reaching 8.89. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>Analyst Ratings: What Are They?</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

The Analyst Landscape: 8 Takes On Simon Property Group

Stifel analyst Simon Yarmak downgrades Simon Property Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPG#NYSE">SPG</a>) from Buy to Hold and raises the price target from $157.5 to $159.

Downgrades

Stifel Downgrades Simon Property Group to Hold, Raises Price Target to $159

Simon Property Group's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPG#NYSE">SPG</a>) short percent of float has risen 7.08% since its last report. The company recently reported that it has 4.89 million shares sold short, which is 2.27% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.52 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Simon Property Group Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725385520_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Simon Property Group has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Simon Property Group's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Simon Property Group's peer group average for short interest as a percentage of float is 5.52%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Peering Into Simon Property Group's Recent Short Interest

Piper Sandler analyst Alexander Goldfarb downgrades Simon Property Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPG#NYSE">SPG</a>) from Overweight to Neutral and lowers the price target from $190 to $175.

Piper Sandler Downgrades Simon Property Group to Neutral, Lowers Price Target to $175

Regency Centers (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/reg#NASDAQ">REG</a>) recently announced the opening of Oakley Shops at Laurel Fields, a new ground-up development anchored by Safeway in Oakley, CA.
Oakley Shops represents Regency&#39;s first development in the Northern California submarket and will encompass around 79,000 square feet of retail space. This development will be located at the signalized intersection of Laurel Road and O&#39;Hara Avenue, aiming to fill the gap of insufficient high-quality retail and grocery options in the surrounding area.
Safeway is set to occupy around 56,000 square feet at Oakley Shops, with an additional 23,000 square feet dedicated to quality retail, restaurant and essential services. Several prospective merchants are presently engaged in different stages of lease negotiations and discussions, with further announcements expected in the near future.
Regency is well-poised to benefit from its strategically located portfolio of premium shopping centers, concentrated in affluent suburban areas and near urban trade areas where consumers have high spending power. Over the years, the company has made several developments in the key markets of the United States to bolster growth.
In the second quarter, REG started approximately $40 million of new development and redevelopment projects, bringing total project starts to $120 million since the beginning of the year through Aug. 1, 2024. As of June 30, 2024, Regency Centers&#39; in-process development and redevelopment projects had estimated net project costs of $578 million. Given the company&#39;s prudent financial management, it is well-poised to capitalize on such opportunities.
<h2>Conclusion</h2>
Given the prime location of the property and its popularity, it is likely to draw in substantial consumer footfall and drive sales, making the move strategic for Regency.
Over the past three months, shares of this Zacks Rank #2 (Buy) company have gained 20.2% compared with the industry&#39;s growth of 14.4%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/37/75606.jpg?v=67651740" />
Image Source: Zacks Investment Research
&nbsp;
<h2>Other Stocks to Consider</h2>
Some other top-ranked stocks from the retail REIT sector are Simon Property Trust (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/spg#NYSE">SPG</a>) and Tanger. Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/skt#NYSE">SKT</a>), each carrying a Zacks Rank #2 at present.
The Zacks Consensus Estimate for Simon Property&#39;s 2024 FFO per share stands at $12.85, indicating an increase of 2.7% from the year-ago reported figure.
The Zacks Consensus Estimate for Tanger&#39;s 2024 FFO per share is pinned at $2.09, suggesting year-over-year growth of 6.6%.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs.
<a href="https://www.zacks.com/stock/news/2327884/regency-starts-safeway-anchored-oakley-shops-development?cid=CS-BENZ-FT-analyst_blog|company_news_finance_sector-2327884">To read this article on Zacks.com click here.</a>

Regency Starts Safeway-Anchored Oakley Shops' Development

Truist Securities analyst Ki Bin Kim maintains Simon Property Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPG#NYSE">SPG</a>) with a Hold and raises the price target from $147 to $158.

Truist Securities Maintains Hold on Simon Property Group, Raises Price Target to $158

Evercore ISI Group analyst Steve Sakwa maintains Simon Property Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPG#NYSE">SPG</a>) with a In-Line and raises the price target from $157 to $160.

Evercore ISI Group Maintains In-Line on Simon Property Group, Raises Price Target to $160

In the preceding three months, 5 analysts have released ratings for Simon Property Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPG#NYSE">SPG</a>), presenting a wide array of perspectives from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $161.5, with a high estimate of $169.00 and a low estimate of $155.00. Surpassing the previous average price target of $153.20, the current average has increased by 5.42%.
<img src="https://www.benzinga.com/files/images/story/2024/1724695273_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Simon Property Group. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Nicholas Yulico</td>
<td>Scotiabank</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$169.00</td>
<td>$152.00</td>
</tr>
<tr>
<td>Vikram Malhorta</td>
<td>Mizuho</td>
<td>Raises</td>
<td>Neutral</td>
<td>$158.00</td>
<td>$155.00</td>
</tr>
<tr>
<td>Simon Yarmak</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$157.50</td>
<td>$152.00</td>
</tr>
<tr>
<td>Steve Sakwa</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>In-Line</td>
<td>$155.00</td>
<td>$150.00</td>
</tr>
<tr>
<td>Jacob Kilstein</td>
<td>Argus Research</td>
<td>Raises</td>
<td>Buy</td>
<td>$168.00</td>
<td>$157.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Simon Property Group. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Simon Property Group compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Simon Property Group's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/SPG/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Simon Property Group analyst ratings.</a>
<h2>Delving into Simon Property Group's Background</h2>
Simon Property Group is the second-largest real estate investment trust in the United States. Its portfolio includes an interest in 230 properties: 136 traditional malls, 69 premium outlets, 14 Mills centers (a combination of a traditional mall, outlet center, and big-box retailers), 6 lifestyle centers, and 5 other retail properties. Simon's portfolio averaged $743 in sales per square foot in 2023 compared with $693 in sales per square foot over the 12 months before the pandemic. The company also owns a 21% interest in Klépierre, a European retail company with investments in shopping centers in 16 countries, and joint-venture interests in 33 premium outlets across 11 countries.
<h3>Simon Property Group: Financial Performance Dissected</h3>
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Revenue Growth: Over the 3 months period, Simon Property Group showcased positive performance, achieving a revenue growth rate of 6.47% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Real Estate sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 33.84%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Simon Property Group's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 16.54%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Simon Property Group's ROA stands out, surpassing industry averages. With an impressive ROA of 1.47%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: With a high debt-to-equity ratio of 8.89, Simon Property Group faces challenges in effectively managing its debt levels, indicating potential financial strain.
<h2>Analyst Ratings: Simplified</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

What Analysts Are Saying About Simon Property Group Stock

Scotiabank analyst Nicholas Yulico maintains Simon Property Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPG#NYSE">SPG</a>) with a Sector Perform and raises the price target from $152 to $169.

Scotiabank Maintains Sector Perform on Simon Property Group, Raises Price Target to $169

Mizuho analyst Vikram Malhorta maintains Simon Property Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPG#NYSE">SPG</a>) with a Neutral and raises the price target from $155 to $158.

Mizuho Maintains Neutral on Simon Property Group, Raises Price Target to $158

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments">high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the real estate sector.
<h3 class="wp-block-heading">Simon Property Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPG#NYSE">SPG</a>)</h3>
<ul>
<li>Dividend Yield: 5.19%</li>
<li>Stifel analyst Simon Yarmak maintained a Buy rating and raised the price target from $152 to $157.5 on Aug. 6. This analyst has an accuracy rate of 65%.</li>
<li>Argus Research analyst Jacob Kilstein maintained a Buy rating and boosted the price target from $157 to $168 on June 11. This analyst has an accuracy rate of 63%.</li>
<li>Recent News: On Aug. 5, Simon Property Group reported better-than-expected second-quarter revenues, raised its dividend and issued strong FY24 guidance.</li>
<li>Benzinga Pro&#8217;s real-time newsfeed alerted to <a href="https://pro.benzinga.com/dashboard">latest SPG news</a></li>
</ul>
<h3 class="wp-block-heading">Crown Castle Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCI#NYSE">CCI</a>)</h3>
<ul>
<li>Dividend Yield: 5.73%</li>
<li>B of A Securities analyst David Barden maintained a Neutral rating and boosted the price target from $110 to $115 on Aug. 13. This analyst has an accuracy rate of 69%.</li>
<li>Deutsche Bank analyst Matthew Niknam maintained a Hold rating and raised the price target from $103 to $105 on July 23. This analyst has an accuracy rate of 63%.</li>
<li>Recent News: On Aug. 7, Crown Castle declared a quarterly cash dividend of $1.565 per common share.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the <a href="https://pro.benzinga.com/dashboard">trend in CCI stock.</a></li>
</ul>
<h3 class="wp-block-heading">VICI Properties Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VICI#NYSE">VICI</a>)</h3>
<ul>
<li>Dividend Yield: 5.23%</li>
<li>Wells Fargo analyst Heather Bellini maintained an Overweight rating and cut the price target from $34 to $32 on March 6. This analyst has an accuracy rate of 76%.</li>
<li>Mizuho analyst Vikram Malhorta maintained a Buy rating and raised the price target from $32 to $33 on Jan. 10. This analyst has an accuracy rate of 61%.</li>
<li>Recent News: On July 31, VICI Properties posted better-than-expected quarterly sales.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential b<a href="https://pro.benzinga.com/dashboard">reakout in VICI shares</a>.</li>
</ul>

<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="How to Find Dividend Stocks: Scan, Analyze, and Capture with Benzinga Pro" width="500" height="281" src="https://www.youtube.com/embed/pVF0O2lsEH4?start=1&#038;feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Read More:<a href="https://www.benzinga.com/trading-ideas/long-ideas/24/08/40394036/jim-cramer-recommends-buying-clorox-ceo-has-done-remarkable-job"> </a>
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/08/40394036/jim-cramer-recommends-buying-clorox-ceo-has-done-remarkable-job">Jim Cramer Recommends Buying Clorox: &#8216;CEO Has Done Remarkable Job&#8217;</a></li>
</ul>

Wall Street's Most Accurate Analysts Weigh In On 3 Real Estate Stocks With Over 5% Dividend Yields

WIIM

Simon Property Group shares are trading higher after the company reported better-than-expected Q2 revenues, raised its dividend and issued strong FY24 guidance.

Ratings for Simon Property Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPG#NYSE">SPG</a>) were provided by 4 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $158.12, with a high estimate of $168.00 and a low estimate of $152.00. This upward trend is evident, with the current average reflecting a 5.24% increase from the previous average price target of $150.25.
<img src="https://www.benzinga.com/files/images/story/2024/1722952889_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
The standing of Simon Property Group among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Steve Sakwa</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>In-Line</td>
<td>$155.00</td>
<td>$150.00</td>
</tr>
<tr>
<td>Simon Yarmak</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$157.50</td>
<td>$152.00</td>
</tr>
<tr>
<td>Jacob Kilstein</td>
<td>Argus Research</td>
<td>Raises</td>
<td>Buy</td>
<td>$168.00</td>
<td>$157.00</td>
</tr>
<tr>
<td>Nicholas Yulico</td>
<td>Scotiabank</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$152.00</td>
<td>$142.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Simon Property Group. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Simon Property Group compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Simon Property Group's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Simon Property Group's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/SPG/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Simon Property Group analyst ratings.</a>
<h2>Unveiling the Story Behind Simon Property Group</h2>
Simon Property Group is the second-largest real estate investment trust in the United States. Its portfolio includes an interest in 230 properties: 136 traditional malls, 69 premium outlets, 14 Mills centers (a combination of a traditional mall, outlet center, and big-box retailers), 6 lifestyle centers, and 5 other retail properties. Simon's portfolio averaged $743 in sales per square foot in 2023 compared with $693 in sales per square foot over the 12 months before the pandemic. The company also owns a 21% interest in Klépierre, a European retail company with investments in shopping centers in 16 countries, and joint-venture interests in 33 premium outlets across 11 countries.
<h3>Understanding the Numbers: Simon Property Group's Finances</h3>
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Revenue Growth: Simon Property Group's remarkable performance in 3 months is evident. As of 31 March, 2024, the company achieved an impressive revenue growth rate of 6.79%. This signifies a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Real Estate sector.
Net Margin: Simon Property Group's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 50.72%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 24.2%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 2.15%, the company showcases effective utilization of assets.
Debt Management: Simon Property Group's debt-to-equity ratio surpasses industry norms, standing at 8.5. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
<h2>How Are Analyst Ratings Determined?</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Assessing Simon Property Group: Insights From 4 Financial Analysts

Evercore ISI Group analyst Steve Sakwa maintains Simon Property Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPG#NYSE">SPG</a>) with a In-Line and raises the price target from $150 to $155.

Evercore ISI Group Maintains In-Line on Simon Property Group, Raises Price Target to $155

Stifel analyst Simon Yarmak maintains Simon Property Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPG#NYSE">SPG</a>) with a Buy and raises the price target from $152 to $157.5.

Stifel Maintains Buy on Simon Property Group, Raises Price Target to $157.5

Simon Property Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPG#NYSE">SPG</a>) reported its second-quarter financial results Monday. Here's a look at the <a href="https://www.benzinga.com/pressreleases/24/08/n40170760/simon-reports-second-quarter-2024-results-increases-full-year-2024-guidance-and-raises-quarterly-d">key metrics for the quarter. </a>
The Details: Simon Property Group reported quarterly earnings of $2.90 per share, which missed the analyst consensus estimate of $2.94 by 1.36%. Quarterly revenue came in at $1.45 billion which beat the analyst consensus estimate of $1.3 billion by 11.34% and represents a 5.87% increase over the same period last year.
The company reported occupancy of 95.6% compared to 94.7% from the same period last year, and $557.94 base minimum rent per square foot, an increase of 3% year-over-year. Reported retailer sales per square foot was $741 for the trailing 12 months ended June 30, 2024. 
Read Also: <a href="https://www.benzinga.com/news/earnings/24/07/40076709/whats-going-on-with-sofi-stock-after-earnings">What&#8217;s Going On With SoFi Stock After Earnings?</a>
&#8220;We are pleased with our financial and operational performance in the second quarter,&#8221; said David Simon, chairman, CEO and president. &#8220;We continue to invest in our retail real estate platforms with transformative redevelopments, including the addition of mixed-use components, and selective new developments including the grand opening of Tulsa Premium Outlets on August 15, 2024 at 100% leased. Today, we once again raised our quarterly dividend and are increasing the mid-point of our full-year 2024 guidance.&#8221;
Simon raised its quarterly dividend from $1.95 to $2.05 per share.
Outlook:&nbsp;Simon sees full-year funds from operations (FFO) of between $12.80 and $12.90, versus the $12.49 estimate. 
SPG Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Simon Property Group shares are down 1.05% after-hours at $146.50 at the time of publication Monday.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/news/24/08/40167450/whats-going-on-with-intel-stock-today">What&#8217;s Going On With Intel Stock Today?</a></li>
</ul>
Image: u_3u3n7wt5sr from Pixabay

Guidance

Simon Sees FY24 FFO $12.80-$12.90 Vs $12.49 Estimate

Simon Raises Dividend From $1.95 To $2.05

Retail REITs: Steady consumer spending underpinned improved Q2 demand for shopping spaces

As real estate usually appreciates in inflationary climates, REITs are the most feasible way to invest. Therefore, it could be wise to explore investments in robust REITs such as American Tower (AMT), Gaming and Leisure Properties (GLPI), and Simon Property Group (SPG) for inflation-protected income. Keep reading… REITs offer inflation-protected income as they own assets like real estate, which can adjust rents and values in response to rising prices. Therefore, fundamentally strong REITs, American Tower Corporation (<a href="https://stocknews.com/stock/AMT/">AMT</a>), Gaming and Leisure Properties, Inc. (<a href="https://stocknews.com/stock/GLPI/">GLPI</a>), and Simon Property Group, Inc. (<a href="https://stocknews.com/stock/SPG/">SPG</a>) might be worthy buys to ensure an inflation-protected income.
The core personal consumption expenditures (PCE) price index <a href="https://www.cnbc.com/2024/08/30/pce-inflation-july-2024.html">rose by 0.2% in July</a>, marking a 2.6% increase over the past year. This inflation measure, closely watched by the Federal Reserve, showed a slight uptick as the central bank prepares for its first interest rate cut in over four years.
Amid a high inflation environment, REITs may provide natural protection against inflation. <a href="https://www.reit.com/investing/investment-benefits-reits/reits-and-inflation-protection">Real estate rents and values tend to increase when prices do</a>; this may support REIT dividend growth and provide a reliable income stream even during inflationary periods.
<h4>Considering these conducive trends, let's take a look at the fundamentals of the three best REIT stocks.</h4>
American Tower Corporation (<a href="https://stocknews.com/stock/AMT/">AMT</a>)
AMT is a leading independent owner, operator, and developer of multitenant communications real estate with a portfolio of over 224,000 communications sites and a highly interconnected footprint of U.S. data center facilities.
AMT pays a $6.56 per share dividend annually, translating to a 2.79% yield on the current share price. Its four-year dividend yield is 2.54%. Also, the company's dividend payouts have increased at a CAGR of 10.5% over the past three years.
AMT's 3.78% trailing-12-month Return on Total Assets is 191.5% higher than the industry average of 1.30%. Furthermore, the stock's 21.95% trailing-12-month net income margin is 135.4% higher than the industry average of 9.33%.
AMT's total revenue for the second quarter ended June 30, 2024, was reported at $2.90 billion, up 4.6% year-over-year. Net income attributable to AMT common stockholders grew 89.3% year-over-year to $900 million. Net income attributable to AMT common stockholders per share increased 88.2% year-over-year to $1.92.
Street expects AMT's revenue for the quarter ending September 2024 to increase marginally year-over-year to $2.83 billion. Its <a href="https://www.investopedia.com/terms/d/dilutedeps.asp">EPS</a> is expected to be $2.45 for the same quarter. AMT surpassed the consensus revenue estimates in each of the trailing four quarters, which is impressive.
The stock gained 11% over the past nine to close the last trading session at $233.64.  
AMT's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its robust outlook. The stock has an overall rating of B, which translates to Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.    
AMT also has an A grade for Sentiment and a B for Momentum, Stability, Growth, and Quality. It is ranked #3 out of 45 stocks in the <a href="https://stocknews.com/category/reits-diversified/">REITs - Diversified</a> industry. 
Beyond what is stated above, we've also rated AMT for Value. Get all AMT ratings <a href="https://stocknews.com/stock/AMT/">here</a>.
Gaming and Leisure Properties, Inc. (<a href="https://stocknews.com/stock/GLPI/">GLPI</a>)
GLPI is a self-administered and self-managed Pennsylvania real estate investment trust that acquires, finances, and owns real estate property to lease to gaming operators in triple-net lease arrangements.
On July 12, 2024, GLPI announced that it had entered into a binding term sheet with Bally's Corporation (<a href="https://stocknews.com/stock/BALY/">BALY</a>), pursuant to which the company plans to acquire the real estate assets of BALY's Kansas City Casino, BALY's Shreveport Casino &amp; Hotel, and the land under BALY's permanent Chicago casino. Additionally, it will provide construction financing for BALY's Chicago Casino Resort, with a total investment of about $1.59 trillion.
GLPI pays a $3.04 per share dividend annually, which translates to a 5.85% yield on the current share price. Its four-year dividend yield is 6.11%. The company's dividend payouts have grown at a CAGR of 5.8% over the past three years.
In terms of the trailing-12-month gross profit margin, GLPI's 96.53% is 46.7% higher than the 65.79% industry average. Its 52.39% trailing-12-month net income margin is 461.6% higher than the 9.33% industry average. Likewise, the stock's 6.61% trailing-12-month ROTA is 409.2% higher than the 1.30% industry average.
GLPI's total income from real estate for the fiscal second quarter that ended June 30, 2024, increased 6.5% year-over-year to $380.63 million. Net income attributable to common shareholders and earnings per share stood at $208.25 million and $0.77, up 33.8% and 30.5% year-over-year, respectively.
For the third quarter ending September 2024, GLPI's revenue is expected to increase 7% year-over-year to $385.19 million. Its FFO for the same quarter is expected to increase 3% year-over-year to $0.97. GLPI surpassed the consensus revenue estimates in each of the trailing four quarters. 
GLPI gained 15.6% over the past three months to close its last trading session at $51.50.
GLPI has an overall B rating, equating to a Buy in our proprietary rating system.
GLPI has a B grade for Momentum, Quality, and Stability. It is ranked #5 out of 45 stocks in the REITs - Diversified industry.
For additional GLPI's Growth, Sentiment, and Value, click <a href="https://stocknews.com/stock/GLPI/">here</a>.
Simon Property Group, Inc. (<a href="https://stocknews.com/stock/SPG/">SPG</a>)
SPG is a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment, and mixed-use destinations and is an S&amp;P 100 company.
On July 10, SPG and BP p.l.c. (<a href="https://stocknews.com/stock/BP/">BP</a>) entered into a deal for BP's global EV charging business, BP pulse, under which BP will install and operate EV charging gigahubs on 75 sites with SPG. Under the arrangement, BP pulse will install its ultra-fast gigahubs at 75 Simon&#xAE; locations. This will add over 900 charging bays across the United States.
SPG pays a $8.20 per share dividend annually, translating to a 4.97% yield on the current share price. Its four-year dividend yield is 5.59%. Also, the company's dividend payouts have increased at a CAGR of 14.2% over the past three years.
SPG's 7.70% trailing-12-month Return on Total Assets is 493.5% higher than the industry average of 1.30%. Furthermore, the stock's 44.01% trailing-12-month net income margin is 371.9% higher than the industry average of 9.33%.
SPG's total revenue increased 6.6% year-over-year to $1.46 billion during the second quarter ended June 30, 2024. Its consolidated net income rose 2.1% from the year-ago value to $569.44 million. The company's earnings per share increased 1.3% year-over-year to $1.51.
Street expects SPG's revenue for the fiscal year 2025 to increase 3.1% year-over-year to $5.49 billion. For the fiscal year 2024, the company's EPS is expected to grow 2.4% year-over-year to $12.81. Furthermore, the company surpassed the consensus revenue estimates in each of the trailing four quarters.
SPG's stock has gained 25.5% over the past nine months and 42.8% over the past year to close the last trading session at $164.18.
It's no surprise that SPG has an overall rating of B, which translates to Buy in our POWR Ratings system.
SPG has a B grade for Momentum, Sentiment, and Quality. It is ranked #2 out of 30 stocks in the <a href="https://stocknews.com/category/reits-retail/">REITs - Retail</a> industry.
For additional SPG's Growth, Stability, and Value, click <a href="https://stocknews.com/stock/SPG/">here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
AMT shares were trading at $234.98 per share on Friday afternoon, up $1.34 (+0.57%). Year-to-date, AMT has gained 10.74%, versus a 14.44% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Nidhi Agarwal</h2> <img src='https:/wp-content/uploads/2023/03/Nidhi-Agarwal_Headshot-3.jpg' style="float:left; padding:5px;width:125px;">Nidhi is passionate about the capital market and wealth management, which led her to pursue a career as an investment analyst. She holds a bachelor's degree in finance and marketing and is pursuing the CFA program.

Her fundamental approach to analyzing stocks helps investors identify the best investment opportunities.<a href="https://stocknews.com/authors/?author=nidhi-agarwal">More...</a>The post <a href=https://stocknews.com/news/amt-spg-glpi-baly-bp-3-reits-to-buy-for-inflation-protected-income/>3 REITs to Buy for Inflation-Protected Income</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 REITs to Buy for Inflation-Protected Income

Real estate stocks start one of the worst months for equities on a strong note

GQRE: Sophisticated Real Estate ETF, Not Better Than Simple Ones

Simon Property Group, Inc. (SPG) Bank of America Global Real Estate Conference - (Transcript)

Investing in real estate, particularly REITs, is advantageous now due to their high yields, inflation protection, and stability amidst economic fluctuations, driven by strong market conditions, rising property values, and high occupancy rates. Hence, it could be wise to invest in top real estate stocks like Simon Property Group (SPG), Realty Income (O), and Ladder Capital (LADR) for long-term gains. Keep reading... The real estate market is thriving this year, driven by high home prices, low inventory, and steady buyer demand. Despite elevated mortgage rates, limited property availability and new construction are keeping the market competitive. These factors are fueling price growth, making real estate an attractive investment option for high yields, and a reliable hedge against inflation.
REITs capitalize on favorable real estate market conditions, offering high yields and stability, making them a strong complement to direct real estate investments. Hence, investors could consider buying strong Real Estate stocks: Simon Property Group, Inc. (<a href="https://stocknews.com/stock/SPG/">SPG</a>), Realty Income Corporation (<a href="https://stocknews.com/stock/O/">O</a>), and Ladder Capital Corp (<a href="https://stocknews.com/stock/LADR/">LADR</a>), all of which are well-positioned to benefit from current market dynamics.
This year, REITs are positioned for strong growth, fueled by potential interest rate cuts and robust performance across healthcare, industrial, and data center properties. With high occupancy rates, rising rents, and ongoing tenant demand, REITs offer reliable passive income. They distribute at least <a href="https://www.reit.com/investing/investment-benefits-reits/reits-and-dividend-income">90% of taxable income as dividends</a>, ensuring consistent high yields for income-focused investors.
Moreover, <a href="https://www.reuters.com/markets/us/us-firms-saw-slowing-economic-activity-recent-weeks-fed-survey-shows-2024-09-04/">inflation pressures increased</a> modestly from mid-July to August, with a slight softening in consumer demand. Despite past inflation spikes raising economic concerns, Fed remains confident in achieving its 2% target. Real estate, particularly REITs, remains resilient against inflation, with rising property values and rents. As interest rates ease, REITs present a promising opportunity for long-term gains.
Considering this favorable backdrop, let's assess the fundamentals of the three Real Estate picks.
Stock #3: Simon Property Group, Inc. (<a href="https://stocknews.com/stock/SPG/">SPG</a>)
SPG is a self-administered and self-managed real estate investment trust. It owns, develops, and manages premier shopping, dining, entertainment, and mixed-use destinations, including malls, Premium Outlets, The Mills, and international properties.
On September 5, 2024, SPG launched ShopSimon, an expanded and rebranded online marketplace offering premium and luxury sale-priced merchandise from over 360 retailers. The platform enhances SPG's omnichannel shopping experience by integrating online and in-store retail opportunities.
On July 10, 2024, SPG announced its partnership with bp to install and operate over 900 ultra-fast EV charging bays at 75 of our locations across the US. These new charging stations, launching in early 2026, will offer SPG's customers extensive retail options while they charge.
In terms of the trailing-12-month Return on Total Capital margin, SPG's 6.37% is 204.3% higher than the 2.09% industry average. Its 0.18x trailing-12-month <a href="https://www.investopedia.com/terms/a/assetturnover.asp">asset turnover ratio</a> is 34.5% higher than the 0.13x industry average. Moreover, its 89.53% trailing-12-month Return on Common Equity is significantly higher than the 3.08% industry average.
SPG has paid dividends for 2 consecutive years.  Its annual dividend is $8.20, which translates to a yield of 5.06% at the current share price. Its four-year average dividend yield is 5.59%. Moreover, the company's dividend payouts have increased at a CAGR of 5.1% over the past three years.
SPG's total revenue during the second quarter ended June 30, 2024, increased 6.6% year-over-year to $1.46 billion. Its consolidated net income rose 2.1% from the year-ago value to $569.44 million. Likewise, the company's earnings per share increased 1.3% year-over-year to $1.51.
Analysts expect SPG's revenue for the fiscal 2025 to increase 3.1% year-over-year to $5.49 billion. Its EPS for fiscal 2024 is expected to grow 2.4% year-over-year to $12.81. SPG surpassed the consensus EPS estimates in each of the trailing four quarters. Over the past year, the stock has gained 41.3% to close the last trading session at $161.93.
SPG's strong fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. It has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
It is ranked #2 out of 30 stocks in the <a href="https://stocknews.com/category/reits-retail/">REITs - Retail</a> industry. It has a B grade for Momentum and Quality. To see SPG's Growth, Value, Stability, and Sentiment ratings, <a href="https://stocknews.com/stock/SPG/">click here</a>.
Stock #2: Realty Income Corporation (<a href="https://stocknews.com/stock/O/">O</a>)
O is a Monthly Dividend Company and a member of the S&amp;P 500 Dividend Aristocrats index. It invests in people and places to deliver dependable monthly dividends that increase over time. Structured as a REIT, the company supports its monthly dividends through cash flow from over 15,450 real estate properties, primarily owned under long-term net lease agreements with commercial clients.
On August 15, 2024, O declared its 650th consecutive common stock monthly dividend of $0.26 per share, payable on September 13, 2024. It also announced a quarterly preferred stock dividend of $0.38 per share, payable on September 30, 2024.
In terms of the trailing-12-month net income margin, O's 17.88% is 93.7% higher than the 9.23% industry average. Likewise, its 49.81% trailing-12-month levered FCF margin is 52.8% higher than the 32.60% industry average. Also, its 92.75% trailing-12-month gross profit margin is 41.2% higher than the 65.69% industry average.
O's annual dividend is $3.16, which translates to a yield of 5.02% at the current share price. Its four-year average dividend yield is 4.71%. The company's dividend payouts have increased at a CAGR of 4.4% over the past three years. O has paid dividends for 26 consecutive years.
In the second quarter that ended June 30, 2024, O's total revenue increased 31.4% year-over-year to $1.34 billion. Its net income available to common stockholders rose 31.4% year-over-year to $256.80 million, and its net income per share remained flat from the year-ago value at $0.29.
For the same quarter, adjusted funds from operations available to common stockholders came in at $921.07 million and $1.06 per share, up 37.1% and 6% over the prior-year quarter, respectively.
For the quarter ending September 30, 2024, O's EPS and revenue are expected to increase 2.6% and 24.1% year-over-year to $1.07 and $1.25 billion, respectively. Over the past three months, the stock has gained 17.9% to close the last trading session at $62.86.
O's solid prospects are reflected in its POWR Ratings. It has a B grade for Momentum. Within the REITs - Retail industry, it is ranked #21. Beyond the grades mentioned above, we have also rated O for Growth, Value, Stability, Sentiment, and Quality. Get all ratings <a href="https://stocknews.com/stock/O/">here</a>.
Stock #1: Ladder Capital Corp (<a href="https://stocknews.com/stock/LADR/">LADR</a>)
LADR operates as an internally managed real estate investment trust. It functions through three segments: Loans, Securities, and Real Estate.
In terms of the trailing-12-month gross profit margin, LADR's 75.44% is 25.7% higher than the 59.99% industry average. Similarly, its 1.97% trailing-12-month Return on Total Assets is 86.6% higher than the 1.06% industry average. Its 38.20% trailing-12-month net income margin is 71.1% higher than the 22.33% industry average.
Its annual dividend is $0.92, which translates to a yield of 7.72% at the current share price. Its four-year average dividend yield is 8.22%. Its dividend payouts have increased at a CAGR of 4.8% over the past three years.  LADR has paid dividends for 8 consecutive years.
For the second quarter that ended on June 30, 2024, LADR's net interest income came in at $37.14 million. Likewise, its distributable earnings and distributable EPS came in at $40.40 million and $0.31, respectively. In addition, the company's cash and cash equivalents stood at $1.20 billion as of June 30, 2024, compared to $1.012 billion as of December 31, 2023.
Street expects LADR's revenue for the quarter ending December 31, 2024, to increase 21.5% year-over-year to $73.52 million. Its EPS for fiscal 2025 is expected to increase 5.9% year-over-year to $1.30. It surpassed the Street EPS estimates in each of the trailing four quarters. Over the past three months, the stock has gained 10% to close the last trading session at $11.91.
LADR's POWR Ratings reflect its positive outlook. It has an overall rating of B, equating to a Buy in our proprietary rating system.
Within the <a href="https://stocknews.com/category/reits-diversified/">REITs - Diversified</a> industry, it is ranked #3 out of 45 stocks. It has a B grade for Momentum, Sentiment, and Quality. <a href="https://stocknews.com/stock/LADR/">Click here</a> to see LADR's Growth, Value, and Stability ratings.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>
&nbsp;

<hr />
SPG shares were trading at $163.79 per share on Tuesday afternoon, up $1.86 (+1.15%). Year-to-date, SPG has gained 19.34%, versus a 16.06% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/spg-o-ladr-3-real-estate-stocks-offering-high-yields-and-inflation-protection/>3 Real Estate Stocks Offering High Yields and Inflation Protection</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Real Estate Stocks Offering High Yields and Inflation Protection

SPG, EGP, SLG, CHCT upgraded, SUI, REG downgraded at Evercore ISI

10 Sweet REITs: Yield Up To 6.6%

Wells Fargo's 'Value Equity List' – Stocks with potential that trade at a discount

Simon Property Group announces $3.5B revolving credit facility

ALBT

AMAT

BALY

BBRE

CBRE

CHCT

CHKP

CSGP

DFAR

EBIZ

EMTY

EQIX

FREL

GILD

GLPI

GQRE

IBUY

INDS

INVH

JPRE

KBWY

LADR

MCHP

MDLZ

MORT

NETL

NURE

ONLN

PCAR

PECO

PLDGP

PPTY

REET

RETL

ROOF

RSPR

SBAC

SBRA

SCHH

SPRE

SRVR

TRNO

ULTA

USRT

WAVE

WELL

WHLR

XLRE

Press Releases

CAMP, The Family Experience Company, and Simon Announce Collaboration to Bring Play-and-Shop Retail Experiences to Families in Philadelphia & Houston

Comstock Appoints Robert P. Demchak as New General Counsel

Commodities

bp signs deal with Simon® to expand ultra-fast EV charging network in US

Simon® Announces Date For Its Second Quarter 2024 Earnings Release And Conference Call

Simon® Reports Second Quarter 2024 Results, Increases Full Year 2024 Guidance and Raises Quarterly Dividend

Princess Polly's U.S. Retail Footprint Grows with New Store Openings on Both Coasts

Simon® to Present at BofA Securities 2024 Global Real Estate Conference

Introducing ShopSimon™: Brands You Love. On Sale. 24/7.

Simon® Completes Expansion of Busan Premium Outlets

Simon Property Group Announces $3.5 Billion Revolving Credit Facility

CHCI

SPGPRJ

Agree Realty

Acadia Realty Trust

Alexander's

Saul Centers

Brixmor Property Group

CBL & Associates Properties, Inc. Common Stock

CBL & Associates

Federal Realty Investment Trust Common Stock

Federal Realty Investment

Getty Realty

InvenTrust Properties

Kimco Realty Corporation (HC) Common Stock

Kimco Realty

Kite Realty Gr Trust

Macerich

NNN REIT

Netstreit

Realty Income

Phillips Edison & Company, Inc. - Common Stock

Phillips Edison

Regency Centers Corporation - Common Stock

Regency Centers

Retail Opportunity Investments Corp. - Common Stock

Retail Opportunity

SITE Centers

Tanger

Urban Edge Properties Common Shares of Beneficial Interest

Urban Edge Props

Whitestone REIT

Evercore ISI Group

Stifel

Piper Sandler

Truist Securities

Scotiabank

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Comments

Simon Property Group

Simon Property Group (SPG) Forecast

Simon Property Group (NYSE:SPG) Stock, Quote.Headers.trade-ideas