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TCO - Simon Property Group And Its 8% Dividend Yield Is My Highest Ever Conviction Buy
Taubman Centers Inc.
Who said that cheap stocks can’t get cheaper? I certainly didn’t, and I am thankful for that, as Simon Property Group (SPG) has sold off along with the rest of the market in response to developments surrounding the coronavirus, in spite of arguably trading at a deep discount to fair value prior to the selloff. With shares trading at around an 8% dividend yield, investors looking towards 2021 may find the stock ready to rebound on the backs of significant contributions from completed redevelopments and ongoing improvements to retail occupancy. I rate shares