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SPG - Simon Property Group: Strong Fundamentals Make This REIT A Buy And Hold
Simon Property Group Inc.
2024-03-18 07:00:00 ET
Summary
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.
I have a price target of $158 for Simon Property Group.