5 Best “Land Owner” Stocks to Buy for Hard Asset Value

1. Simon Property Group, Inc. (NYSE:SPG)

Short Percentage of Shares Outstanding: 0.00%

On June 1, JPMorgan raised its price target on Simon Property Group, Inc. (NYSE:SPG) to $217 from $210 while maintaining a Neutral rating on the shares. The revision followed an update to the firm’s financial model and reflects continued confidence in the company’s ability to generate stable operating performance. The higher target suggests that Simon Property’s portfolio of high-quality retail and mixed-use assets continues to support its earnings outlook despite an evolving consumer and retail environment.

On May 19, Scotiabank increased its price target on Simon Property Group, Inc. (NYSE:SPG) to $206 from $192 and maintained a Sector Perform rating on the stock. The firm updated its outlook for U.S. retail REITs following first-quarter earnings results, noting that many companies in the sector modestly raised their full-year guidance. Scotiabank also highlighted that same-store net operating income growth generally exceeded guidance expectations, reflecting resilient property fundamentals and healthy tenant demand across the retail real estate market.

Founded in 1960 and headquartered in Indianapolis, Indiana, Simon Property Group, Inc. (NYSE:SPG) is an S&P 100 real estate investment trust (REIT) that owns, develops, and manages premier retail and mixed-use destinations. As a landowner stock, it provides hard asset value by backing shareholder equity directly with vast tracts of prime commercial real estate and income-generating properties.

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