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.
Introduction
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Simon Property Group: Strong Fundamentals Make This REIT A Buy And Hold