5 Best Real Estate Stocks for 2021

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

Number of Hedge Fund Holders: 37

Simon Property Group, Inc. (NYSE: SPG) is an American real estate investment trust that invests in commercial and retail properties, such as shopping malls, community centers, and lifestyle centers. Simon Property Group, Inc. (NYSE: SPG) is the largest owner of shopping malls in the U.S. and has headquarters in Indiana.

In Q2 2021, Simon Property Group, Inc. (NYSE: SPG) reported an EPS of $3.24, beating the market consensus by $0.86. The company generated revenue of $1.2 billion, up from $1.06 billion during the same period last year. As of June 30, the occupancy rate stood at 91.8%. In the second quarter, Simon Property Group, Inc. (NYSE: SPG) raised its dividend by 7.1% at $1.50 per share. Recently, BofA lifted its price target on Simon Property Group, Inc. (NYSE: SPG) to $150, implying a 16% upside potential, with a ‘Buy’ rating on the shares. In the past year, Simon Property Group, Inc. (NYSE: SPG) has delivered a 99.7% return to shareholders.

As of Q2 2021, 37 hedge funds tracked by Insider Monkey have positions in Simon Property Group, Inc. (NYSE: SPG), up from 31 in the previous quarter.