Simon Property Group, Inc.
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Einhorn's 2 Opportunistic Investment Ideas
By Anh HOANG - May 17, 2013 | Tickers: OIS, SPG, VOD
In the recent Sohn Conference, David Einhorn showed his bullish attitude towards oil & gas solutions provider Oil States International (NYSE: OIS). David Einhorn stated that he accumulated shares in this company in the first quarter of 2013 at an average price of $77.16 per share. He believes that Oil States International is cheap at its current trading price. Let's take a closer look at the company and another more »
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Are REITS a good investment?
By Mark Morelli - May 13, 2013 | Tickers: EQR, RLJ, SPG, TCO
By most measures the real estate market is improving. Some even call it a mini-boom. Can the individual investor take advantage of this?
Besides buying rental property and becoming a landlord or investing in the obvious (home builders and home improvement centers) one way is to invest in the trend is through real estate investment trusts (REIT).
REIT's that own or invest in apartment buildings and upscale malls are more »
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No Sign of Negative Returns in this Real Estate ETF
By Jeff Stouffer - May 8, 2013 | Tickers: AMT, HCP, IYR, PSA, SPG
It is not too often when a real estate investment strategy under review has posted positive returns, for all measuring periods, since inception. This once-in-a-blue-moon program is the iShares Dow Jones US Real Estate Index Fund (NYSEMKT: IYR), a well-diversified ETF that was created on June 12, 2000, that holds 95 different REITs and pays a nice dividend. One attractive feature of the ETF is that only approximately 8.4 more »
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Unlock the Hidden Value in This Stock
By Anh HOANG - May 3, 2013 | Tickers: JCP, OIS, SPG
JANA Partners, lead by the famous activist investor Barry Rosenstein, has become active again. In the middle of April, JANA accumulated as much as more than 5 million shares (including options to purchase 824,600 shares) of Oil States International (NYSE: OIS), which was equal a 9.1% stake in the company.
In its recent 13D filing, JANA reported that the aggregate cost of its Oil States’ stake was around more »
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Go for GGP’s Dividends, but Watch for J.C. Penney Exposure
By Poonkulali Thangavelu - May 1, 2013 | Tickers: CBL, GGP, JCP, SPG, MAC
After emerging from bankruptcy in 2010, General Growth Properties (NYSE: GGP) has been gaining strength. And as the economy gradually recovers and retail sales start to pick up as consumers gradually increase their spending, retail mall landlords such as General Growth stand to gain.
The real estate investment trust owns and manages 144 regional malls, of which 18 are located in Brazil, for a grand total of about 135 million more »
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Shop This Shopping Mall Owner
By Adnan Khan - April 29, 2013 | Tickers: BXP, GGP, SPG
Simon Property Group (NYSE: SPG) operates as one of the largest real estate investment trusts (REIT) in the US. It has a market cap of over $54.4 billion and acquires and manages largely regional malls, Premium Outlets, The Mills and other community centers. The company has interest in around 327 real estate properties in the US, Canada, Mexico, Europe, Malaysia, Japan and Korea. The company reported a strong first more »
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Three REITs to Avoid
By Reuben Brewer - April 29, 2013 | Tickers: BXP, SPG, SKT
Real estate investment trusts (REITs) are pass-through entities intended to provide investors with large dividend payments. There are a number of REITs today that don't live up to that and should be avoided by income investors, including Simon Properties (NYSE: SPG), Tanger Factory Outlet Centers (NYSE: SKT), and Boston Properties (NYSE: BXP).
REITs...
REITs were specifically created to allow investors to invest in institutional level properties. These entities don more »
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How to Play the Real Estate Resurgence
By Sterling Raskie - April 18, 2013 | Tickers: AGNC, SFI, SPG, TOL
Real estate seems to be on the mend. The best way to play this is with four promising stocks that cover different aspect of the property market. Three of them are real estate investment trusts. Two are in mortgages, one in homebuilding, and the fourth in regional shopping malls.
The first company, iStar Financial (NYSE: SFI) took a beating in 2008. with its non-agency mortgages (read: federally supported organizations like more »
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How to Play the Real Estate Resurgence
By Sterling Raskie - April 12, 2013 | Tickers: AGNC, GGP, SFI, SPG, XHB, TOL
Real estate seems to be on the mend. The best way to play this is with four promising stocks that cover different aspect of the property market. Three of them are real estate investment trusts. Two are in mortgages, one in homebuilding and the fourth in regional shopping malls.
The first company, iStar Financial (NYSE: SFI) took a beating in 2008, with its non-agency mortgages (read: federally supported organizations like more »
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How to Play the Real Estate Resurgence
By Sterling Raskie - April 12, 2013 | Tickers: AGNC, GGP, SFI, SPG, XHB, TOL
Real estate seems to be on the mend. The best way to play this is with four promising stocks that cover different aspect of the property market. Three of them are real estate investment trusts. Two are in mortgages, one in homebuilding and the fourth in regional shopping malls.
The first company, iStar Financial (NYSE: SFI) took a beating in 2008, with its non-agency mortgages (read: federally supported organizations like more »
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Insiders Are Crazy About These REITs
By Meena Krishnamsetty - April 12, 2013 | Tickers: MTGE, ARR, NCT, SPG, TWO
Company insiders should be strongly resistant to buying shares, since it increases company-specific risk rather than diversifying their wealth. Therefore, insider purchases should signal confidence in the company, and it turns out that stocks bought by insiders- particularly multiple insiders- do outperform the market on average (see our analysis of studies on insider trading).
Real estate investment trusts (REITs) often pay high dividend yields, since these companies are required to more »
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It Takes Time to Unlock Hidden Real Estate Values
By Anh HOANG - April 3, 2013 | Tickers: SHLD, SPG
Investing should be simple, but not too simple. Theoretically, we could buy an undervalued business and wait for the market to recognize its true value. However, the waiting time should be taken into consideration. If you could buy a business, which is worth $12, for $10 on the stock market, and that business could reach its fair value in one year, your annualized return will be 20%. If it takes more »
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Billionaire Ken Griffin's Top Five Shakeups
By Marshall Hargrave - March 19, 2013 | Tickers: AAPL, CMCSA, MCD, SPG, TWX
Billionaire investor and founder of Citadel Advisors, Ken Griffin, shook up his top five holdings during the fourth quarter. With some $115 billion of assets under management, it's worth paying attention when Griffin is rearranging his portfolio to the extent he's done for 4Q. This includes upping his stake in five large-cap stocks, including a couple cable picks and a real estate stock. Griffin founded Citadel in 1990 more »
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Is This A Company Investors Should Store Their Money In?
By Ryan Guenette - February 22, 2013 | Tickers: EQR, HCP, PSA, SPG, VTR
A SWOT analysis is a look at a company’s strengths, weaknesses, opportunities, and threats, and is a tremendous way to gain a detailed and thorough perspective on a company and its future. As 2013 begins, I would like to focus on a REIT that is a trailblazer in the storage facility industry: Public Storage (NYSE: PSA).
The Business:
Warren Buffett once said, “Never invest in a business you can more »
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Dividend Yield Higher Than Bond Yields... Not A Good Omen
By Reuben Brewer - February 21, 2013 | Tickers: DRI, XOM, GFI, OHI, RDS-B, SPG
There was a time when investors demanded that equities yield more than bonds. The logic was that bonds were safer and, thus, should return less. Stocks, meanwhile, were riskier and should return more. The notion of capital appreciation killed that logic in the late 1950s.
However, stock yields are now higher than bond yields for the second time in about five years. Does this mean that stocks are undervalued? Maybe more »
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This Mall Operator is for the Long Term
By Anh HOANG - February 11, 2013 | Tickers: GGP, SPG, MAC
Since 2010, General Growth Properties (NYSE: GGP) has successfully emerged from bankruptcy to become the second biggest mall operator in the world. In the past 12 months its share price has advanced nearly 22%. The company has recently announced impressive fourth quarter earnings that beat analysts’ estimates. Many investors might wonder whether or not General Growth is a decent buy at its current price. Let's find out.
The World more »
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Healthy Trends For Retail REITs
By Adnan Khan - February 6, 2013 | Tickers: GGP, O, SPG
Simon Property Group (NYSE: SPG), a self-managed equity REIT with a market cap of $50 billion, reported its fourth quarter 2012 results the other day. The results were better than expected as far as the Funds from Operations and revenues were concerned. The company posted an EPS of $1.01 per common share on revenues of $1.34 billion. The top line beat its estimate by $50 million, while FFO more »
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Issuing More Shares: Good or Bad?
By Reuben Brewer - February 5, 2013 | Tickers: FOLD, BPL, C, SPG |
Buckeye Partners (NYSE: BPL) recently announced plans to issue additional limited partnership units. Citigroup (NYSE: C) issued preferred shares to the government in 2008 during the financial meltdown. Simon Properties Group (NYSE: SPG) issued shares in early 2012 and again in late 2012. How can you tell if these corporate actions are good or bad for shareholders?
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Don't Shop The Mall, Buy The Mall
By AnnaLisa Kraft - January 29, 2013 | Tickers: GGP, SPG, TCO, MAC
With value investors scouring the world of stocks for yield REITs naturally come to mind. Those investors who want some retail exposure and yield gravitate toward the shopping mall REITs. There are four big names in the space and undoubtedly you have visited one of their malls: Simon Property Group (NYSE: SPG), Taubman Centers (NYSE: TCO), General Growth Properties (NYSE: GGP) and Macerich (NYSE: MAC).
If you think the economy more »
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Quick Real Estate Expansion Through Acquisition
By Mike Thiessen - January 29, 2013 | Tickers: ARCT, NLY, O, SPG
With a January 16, 2013 shareholder vote in the books, New York-based American Realty Capital Trust (NASDAQ: ARCT) has officially agreed to merge with Escondido, California-based Realty Income Corporation (NYSE: O). The two REITs will merge in a two-part cash-for-stock and stock-for-stock offering that will see current American Realty shareholders receive significant stakes in the larger Realty Income Corporation. Barring a last-minute legal hangup, the merger should wrap up quickly more »
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