With an annual dividend yield of 4.06%, Simon Property Group, Inc. (NYSE:SPG) is included among the 12 Best S&P 500 Stocks to Buy for Dividends.
Simon Property Group, Inc. (NYSE:SPG) is a global leader in the ownership of premier shopping, dining, entertainment, and mixed-use destinations and an S&P 100 company.
On June 18, Scotiabank raised its price target on Simon Property Group, Inc. (NYSE:SPG) from $206 to $220, while keeping a ‘Sector Perform’ rating on the shares. The target boost implies an upside of over 2% from the current levels.
Scotiabank believes that REIT valuations have now become less attractive after a strong start to the year. As a result, it adjusted its subsector preferences based on its “relative valuation-versus-growth framework”.
The analyst firm continues to favor seniors housing the most and also upgraded its outlook on self-storage and net lease from ‘Marketweight’ to ‘Overweight’. On the other hand, it downgraded its views on industrial and shopping centers from ‘Overweight’ to ‘Marketweight’, citing relative valuation concerns.
Simon Property Group, Inc. (NYSE:SPG) recently raised its full-year 2026 real estate FFO guidance to a range of $13.10 to $13.25 per share, up from $13 to $13.25 per share previously.
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