Simon Property Group: A Strong Quarter and a Big Dividend Raise
Simon Property Group (NYSE: SPG), the largest real estate investment trust in the market, invests in retail properties -- particularly high-end malls and outlet centers. With the headwinds facing the retail industry, you might think Simon's properties might be struggling, but that simply isn't the case.
In fact, Simon produced some impressive growth during the third quarter, and it continues to develop new properties to drive even more value creation for its shareholders. Here's a rundown of Simon's earnings report and what could drive future gains for investors.
Image source: Getty Images. (Note: Image does not depict one of Simon Property Group's properties.)
Source: Fool.com
Simon Property Group Stock
€138.25
-0.500%
Currently there is a rather positive sentiment for Simon Property Group with 5 Buy predictions and 0 Sell predictions.
With a target price of 156 € there is a slightly positive potential of 12.84% for Simon Property Group compared to the current price of 138.25 €.
