Tag: spg

Simon Property Group Q4 FFO Beats View (SPG)

Filed in dividend, Gold Investment, o, shares by on February 4, 2011 0 Comments

Mall-based REIT Simon Property Group, Inc ( SPG ) on Friday said its fourth quarter FFO rose more than 11% from last year, beating analyst estimates. The Indianapolis-based company reported fourth quarter FFO of $638.7 million, or $1.80 per share, compared with $573.4 million, or $1.66 per share, a year earlier. Excluding one-time items, adjusted FFO was $1.78 per share. On average, Wall Street analysts expected a smaller FFO of $1.74 per share. Looking ahead, the company forecast full-year 2011 funds from operations to range from $6.45 to $6.60 per share. Simon Property Group shares rose $2.10, or +2%, in premarket trading Friday. The Bottom Line Shares of Simon Property Group ( SPG ) have a 3.06% dividend yield, based on last night’s closing stock price of $104.70. The stock has technical support in the $95 price area. If the shares can firm up, we see overhead resistance around the $106-$112 price levels. Simon Property Group, Inc ( SPG ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Simon Property Group Upgraded to “Buy” at Jefferies & Co. (SPG)

Filed in dividend, earnings, Gold, o, shares, upgrade by on November 8, 2010 0 Comments

Mall-based REIT Simon Property Group, Inc ( SPG ) on Monday caught a big upgrade from analysts at Jefferies & Co. The firm boosted its rating on SPG from “Hold” to “Buy” and raised its price target from $93 to $120. That new target represents a 13% upside to the stock’s Friday closing price of $105.77. A Jefferies analyst commented, “We believe SPG’s high quality portfolio puts it in a better position vs. peers for the current retail environment. Additionally, excellent capital management and a growing redevelopment pipeline should provide double-digit earnings growth over the next few years.” Simon Property Group shares were mostly flat in premarket trading Monday. The Bottom Line Shares of Simon Property Group ( SPG ) have a 3.03% dividend yield, based on Friday’s closing stock price of $105.77. The stock has technical support in the $98-$100 price area. If the shares can firm up, we see overhead resistance around the $110 price level. Simon Property Group, Inc ( SPG ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Dividend Stock Leaders for the Week of Nov.1-5 (FCX, SBUX, WFC, BHP, SPG, CLX, more)

Filed in bhp billiton, copper, dividend, Gold Investment by on November 6, 2010 0 Comments

Here are some of the biggest dividend stock winners and losers from the week that just ended. Company Fri. Close Weekly % Change Dividend Yield Legg Mason Inc. ( LM ) $35.41 +14.12% 0.68% U.S. Steel ( X ) $48.55 +13.65% 0.41% Fluor Corporation ( FLR ) $54.53 +13.16% 0.92% Wells Fargo & Company ( WFC ) $29.22 +12.13% 0.68% BHP Billiton ( BHP ) $92.14 +11.59% 1.95% Freeport-McMoran ( FCX ) $104.84 +10.60% 1.91% Simon Property Group Inc. ( SPG ) $105.77 +10.15% 3.03% Southern Copper Corporation ( SCCO ) $46.63 +8.95% 3.17% Starbucks Corporation ( SBUX ) $30.87 +8.09% 1.68% Expedia Inc. ( EXPE ) $27.30 -5.70% 1.03% Clorox Company (The) ( CLX ) $62.58 -5.97% 3.52% EOG Resources Inc. ( EOG ) $88.61 -7.43% 0.70% Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Market Wrap-Up for Sept.23 (QCOM, MCD, MET, PRU, SPG, VNO, more)

Filed in dividend, Gold, Gold Investing, Gold Investment, lead by on September 23, 2010 0 Comments
Market Wrap-Up for Sept.23 (QCOM, MCD, MET, PRU, SPG, VNO, more)

We are seeing momentum plays partying like its 1999. I wrote about the Qualcomm ( QCOM ) example yesterday, where experts are now using the “divide by 10″ rule on triple-digit names to justify how really cheap they are, which is a very dangerous proposition. This could lead to some big spikes, and if we follow the patterns of 1999, an even bigger fall. For dividend investors that are foaming at the mouth to jump in to the momentum action, we urge you to use extreme caution. The business media does a great job cheerleading these buying frenzies. If you have experience as a trader and have proven to be a disciplined player, you could certainly try and make some quick gains, but be careful not to lose sight of the overbought conditions that we have seen. It was a strange day for the markets as we saw an early dip on some weaker-than-expected jobless claims numbers, then a rally after existing home sales numbers rallied, followed once again by a late-day dip. McDonald’s ( MCD ) closed lower despite news out this morning the company was raising its dividend payout 11%. Financials once again didn’t do anything to help stave off the selling, with Metlife ( MET ) and Prudential ( PRU ) leading that sector lower. REITs were also laggards, led by Vornado Realty Trust ( VNO ) and Simon Property Group ( SPG ) . I hope everyone is enjoying the new video segments our editor Tom Reese and I are producing on the site. Feel free to reach out to us with more ideas on what you would like to see discussed. I am also proud to announce that I have signed a book deal with FT Press/Pearson, in which I will be writing about Dividend stock investing, personal finance tips and more. I will be providing everyone with more details as things begin to materialize. As always, be sure to check out our industry-leading Best Dividend Stocks list for our current recommendations. See you tomorrow! Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Simon Property Group Downgraded at KBW Research (SPG)

Filed in dividend, Gold, Gold Investment, outperform, shares by on September 7, 2010 0 Comments
Simon Property Group Downgraded at KBW Research (SPG)

Mall and shopping center REIT Simon Property Group, Inc ( SPG ) on Tuesday caught a downgrade from analysts at KBW Research. The firm cut its rating on SPG from “Outperform” to “Market Perform” with a $100 price target. That new target represents a small upside to the stock’s Friday closing price of $96.48. A KBW analyst commented, “SPG shares up nearly 6.6% last week vs. RMZ +5.9%. SPG trades at nearly 34% premium to $72.25/sh NAV est., vs. 10% avg. premium for sector and 2% historical. Additionally, 6.5% implied cap rate is lowest among US mall REITs; peer average is 7.8%. Believe SPG still top-notch REIT. Yet, given persistent retail/economic uncertainties, recent robust share appreciation and impending “GGP effect”, downgrade to MP.” Simon Property Group shares were mostly flat in premarket trading Tuesday. The Bottom Line Shares of SPG have a 2.49% dividend yield, based on Friday’s closing stock price of $96.48. The stock has technical support in the $90 price area. If the shares can firm up, we see overhead resistance around the $100-$101 price levels. We would remain on the sidelines for now. Simon Property Group, Inc ( SPG ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Market Wrap-Up for Aug.12 (EL, KSS, MA, GS, SPG, NEM, more)

Market Wrap-Up for Aug.12 (EL, KSS, MA, GS, SPG, NEM, more)

I have been following some interesting tidbits about a plan (Automatic IRA) that a New Mexico senator has sponsored that would require all firms with 10 or more employees that don’t already offer a retirement plan to automatically enroll workers in an IRA. Workers who don’t wish to participate would need to take action to opt out or change the default contribution amount and investments. This is a great idea, but one that needs to have numerous choices for workers to consider investing in. If the deal options are limited, then the plan could end up being a total disaster. I am sure Wall Street will be in the middle of the action to make sure the bill is a win-win. That’s fine, let’s just not make it a resolution to appease the firms with the biggest lobbyists! As for today’s action, we saw the markets bounce off this morning’s early weakness, but we couldn’t turn the corner all the way, closing down for the third day in a row. The market couldn’t shake loose from the earnings disappointments out of Estee Lauder ( EL ) , Kohl’s ( KSS ) and tech heavyweight Cisco Systems ( CSCO ). Several names bucked the selling, including Potash Corp ( POT ) , MasterCard ( MA ) , and gold-mining plays like Newmont Mining ( NEM ) , Buenaventura ( BVN ) , and Agnico-Eagle Mines ( AEM ) . There was an upgrade out this morning that seemed a bit strange as Goldman Sachs ( GS ) decided to move Simon Property Group ( SPG ) on its “conviction buy” list. Not sure what the catalyst could be there, since the stock has had a big run and sports a rather small (for a REIT) 2.65% dividend yield. We have also been concerned about the aggressive “momentum-style” trading that we have witnessed in that sector. We are currently underweight in the REIT space, hoping to see historically higher dividend yields, or significant boosts in payouts. Be sure to check out our Best Dividend Stocks List for the dividend-payers we currently recommended putting new money into. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Simon Property: Earnings Scorecard – Analyst Blog

Filed in earnings, Gold Investing, lead, recession, shares, silver, ubs by on May 21, 2010 0 Comments

Simon Property Group Inc. ( SPG ), a leading real estate investment trust (REIT), reported fiscal 2010 first quarter recurring FFO (funds from operations) of $1.41 per share that well exceeded the Zacks Consensus Estimate of $0.83. Funds from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income. Below we will cover the results of the recent earnings announcement, subsequent analyst estimate revisions and Zacks ratings for the short term and long term outlook for the stock. Earnings Report Review During first quarter 2010, total revenue of the company increased to $925.1 million from $918.5 million in the year-earlier quarter. Occupancy in the regional malls and premium outlet centers combined portfolio was 92.2% at quarter end, compared to 92.1% in the year-ago period. Comparable sales in the combined portfolio remained unchanged during the quarter at $467 per square foot, compared to the prior year. Average rent per square feet in the combined portfolio increased marginally to $38.72, compared to $37.51 in the year-ago period. (Read our full coverage on this earnings report: Simon Property Revenue Rises ) Earnings Estimate Revisions – Overview Estimates haven’t budged for Simon Property since the earnings release, meaning that analysts were generally unmoved by this information. One could say that’s not bad news. But then again, why own a stock that is not benefiting from good news that gives it better odds to rise in the future? Let’s dig into the earnings estimate details. Agreement of Analysts Analysts in general, are in consensus about the future outlook for Simon Property’s earnings, as is visible below. Seven analysts have increased their estimates for fiscal 2010, while only 3 have reduced them. For fiscal 2011, the picture is relatively bleak, with 8 analysts raising their earnings estimates and 5 lowering them. Magnitude of Estimate Revisions Earnings estimates …

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Wealth Daily’s $5,000 Stock Picking Contest

Filed in Gold, GOld juniors, Gold Market, goldman sachs, ubs by on May 3, 2010 0 Comments

Think you can pick stocks? Here’s a chance to win $5k with absolutely zero skin in the game. Wealth Daily is launching our first-ever stock picking contest. It’s an opportunity to square off against fellow readers with your top picks. Keep reading for the full details. Good luck — and may the best portfolio win. The Prizes 1st Place wins $1,000 cash plus a subscription to Wealth Trust , allowing access to all 9 of our premium investment services for life . (The lowest we’ve ever sold this product for is $4,495.) 2nd and 3rd place winners get a 2-year subscription to Wealth Advisory , a $158 value. How It Works The contest runs from May 10 to June 8 (30 days). Each player starts with $100,000 in virtual funds (there’s no real money involved here… unless you win). One caveat: Stocks you select must have a minimum share price of $5. Let your friends in on the contest — Send them this link , where they can get info and a password necessary to register. The Rules You must be an active Wealth Daily e-letter subscriber to win. If you’re not getting our free daily e-letter, go to wealthdaily.com/contest to sign up and get your contest password. Only one account per person. (Filters are in place to detect duplicate registrations and suspect activity). Strategies and Sectors Remember, this contest only runs for 30 days. So swing for the fences and bring your top speculative picks. One area I’d recommend is small-cap biotechs. They’re absolutely on fire lately. Back on April 19, I wrote about Delcath Systems (NASDAQ: DCTH ). The firm, which has a promising liver cancer treatment system, is up 56% since. Short Candidates Think the market looks toppy? We are seeing some potentially bearish signs popping up… First, bullish sentiment is near decade highs. Historically that has proven to be one of the best contra-indicators around. When everyone’s gung ho, it may be time to re-evaluate your long positions. Only problem is, the market can run 20%+ before correcting. Plus, there’s still a lot of Fed liquidity sloshing around. But going against the crowd could be a risk worth taking. Sector-wise, some investors see commercial real estate due for a crash. If you think this shoe is finally going to drop, you can short a commercial REIT ETF like IYR or a big mall REIT like Simon Properties (NYSE: SPG). The best short of all may be banks. So far, banks have managed to avoid a major lashing for their misbehavior. But that’s changing… Populist anger in an election year is a powerful force. So after years spent surfing porn and ignoring Madoff/Lehman whistleblowers, the SEC might start doing their job again. And that prospect scares the hell out of banks. They’d rather the SEC keep going after high-profile (but meaningless) cases like Martha Stewart’s $45k insider trading scandal. But now they’re going after what some say is the poster-boy for bad behavior on Wall Street: Goldman Sachs. And much to the horror of big banks — it looks like the financial reform…

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Market Wrap-Up for Apr.29 (BMY, K, BP, SPG, VNO, MJN, more)

Filed in earnings, Gold, Gold Investing by on April 29, 2010 0 Comments
Market Wrap-Up for Apr.29 (BMY, K, BP, SPG, VNO, MJN, more)

The markets ripped higher as we saw growth-related stock plays spike higher on better-than-expected earnings results. There were also some nice price movements in dividend plays like Mead Johnson Nutrition ( MJN ) , Kellogg ( K ) , and Bristol-Myers ( BMY ) which all reported solid numbers as well. There was a huge intraday drop in BP PLC ( BP ) that we sent a special alert out on, so be sure to check out the e-mail or post here . REITs pushed higher with names like Simon Property Group ( SPG ) , Equity Residential ( EQR ) , and Vornado Realty Trust ( VNO ) nicely in the green. This is a sector that we have been underweighted in to a bit of fault. We certainly did not expect the companies to shooting higher as if they have become momentum names themselves. Our sense is that part of the move could certainly be related to short-sellers overstaying their welcome last year and perhaps getting caught fighting the tape. Either way, we will look to increase our exposure over time as the opportunities present themselves. For those who may not have noticed, we have brought back a cool feature called

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Simon Ammends Offer For General Growth Properties

Filed in Gold Investing, silver by on April 14, 2010 0 Comments

On February 16, mall operator Simon Property Group (SPG) announced a $10 billion unsolicited offer for bankrupt competitor General Growth Properties (GGP). Under terms of that deal, Simon was… [[ This is a content summary only. Visit my website for…

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Simon Property Group Offers $10 Billion for General Growth Properties (SPG)

Filed in Gold, Gold Investing, Gold Investment by on February 16, 2010 0 Comments
Simon Property Group Offers $10 Billion for General Growth Properties (SPG)

Simon Property Group, Inc ( SPG ) , the largest U.S.-based real estate investment trust (REIT), said Tuesday that it has made a $10 billion offer to buy its bankrupt rival, General Growth Properties. Simon said its bid includes a $7 billion payment to creditors, and approximately $3 billion to General Growth shareholders. The offer could be amended to provide shareholders with Simon stock instead of cash. In total, the offer comes to $9 per share General Growth, which is based in Chicago. The company filed for Chapter 11 bankruptcy protection in 2009. The bid was submitted back on Feb. 8, but hadn’t been publicized until now. Simon says it has not yet received a “substantive response” from General Growth executives regarding the offer. Simon Property Group shares rose 23 cents, or +0.3%, in premarket trading Tuesday. The Bottom Line We had removed shares of SPG from our “recommended” list back on Sept.29, when the stock was trading at $71.65. The company has a dividend yield of 3.33%, based on Friday’s closing stock price of $71.65. The stock has technical support in the $64-$65 price area. If the shares can firm up, we see overhead resistance around the $75-$76 price levels. We would remain on the sidelines for now. Simon Property Group, Inc ( SPG ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Market Wrap-Up for Feb.5 (AVP, COH, SPG, FCX, BLK, PEP, KO, more)

Filed in Gold, Gold Investing, Gold Investment by on February 5, 2010 0 Comments
Market Wrap-Up for Feb.5 (AVP, COH, SPG, FCX, BLK, PEP, KO, more)

There is a battle that brewed today as traders were able to hold the Dow 10K levels by the close. The monthly jobs number was out this morning and the report was mixed. The commodity and financial services space continues to be key areas that are having a big influence on the daily trading events. In the commodity space today, we saw stocks like Massey Energy ( MEE ) and U.S. Steel ( X ) rally toward the close, while Freeport McMoran ( FCX ) easily pushed higher. In the financial services space, there is a bit more selling going on, with Franklin Resources ( BEN ) and Blackrock ( BLK ) trading in the red, but well off the lows of the day. We saw some earnings plays bucking the downtrend, with Tyson Foods ( TSN ) , Pitney Bowes ( PBI ) , and Simon Property Group ( SPG ) all up. There were various Wall Street downgrades out today, with the biggest hits being felt by Avon Products ( AVP ) , Nordstrom Inc. ( JWN ) , and Coach ( COH ) . As we get set for the weekend, don’t forget to check out this weekend’s premium articles that focus on our current dividend stock watchlists. Looking ahead to next week, we will be getting earnings results from the likes of Walt Disney ( DIS ) , Pepsico ( PEP ) , Prudential Financial ( PRU ) , Coca-Cola [ ( KO ) , and more. Have a great weekend everybody! Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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