Simon Property Group is the second-largest American real estate investment trust that invests in shopping malls, outlet centers, and community/lifestyle centers. Since many of them were closed during the pandemic, the company’s profits fell in 2020, but the stock later gained 80% from the beginning of 2021 on expectations to return to pre-pandemic values. Learn the latest information and analysis on the company, SPG stock price today, stock news, how much one share costs and other information to help you make investment decisions.
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SPG is a great dividend stock that is getting even more interesting for value investors. The company increased its dividend three times in the last year.
The Simon Property Group stock price fell from $163 to under $130 in one month starting from February 12, 2022—a 20% decrease. The average price target is for the price to come back to the previous level and as high as $200. Only time will show what will happen to the market as a whole considering the ongoing conflict in Ukraine. But the SPG’s strong leasing activity and lower costs suggest the stock should do well.
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