Analysts Are Recommending These 5 Dividend Stocks

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

Dividend Yield as of January 14: 4.24%

Number of Hedge Fund Holders: 38

Simon Property Group, Inc. (NYSE:SPG) is an Indiana-based real estate investment trust with a portfolio of assets including shopping malls and community centers. Simon Property Group, Inc. (NYSE:SPG) maintains properties across North America and Asia, and is the largest owner of shopping malls in the United States. The company exceeded market consensus estimates for FFO, GAAP EPS, and revenue in the third quarter. 

Truist analyst Ki Bin Kim on December 1 raised the price target on Simon Property Group, Inc. (NYSE:SPG) to $160 from $136 and kept a Buy rating on the shares.

In the third quarter of 2021, 38 hedge funds in the database of elite funds tracked by Insider Monkey were bullish on Simon Property Group, Inc. (NYSE:SPG), with stakes totaling $726.4 million. Jack Woodruff’s Candlestick Capital Management is one of the leading stakeholders of the company, holding 750,000 shares worth $97.4 million. 

On November 1, Simon Property Group, Inc. (NYSE:SPG) declared a quarterly per share dividend equaling $1.65, reflecting a 10% increase from the prior dividend of $1.50, and a 26.9% increase year-over-year. The dividend was paid on December 31, to shareholders of record on December 10. 

Simon Property Group, Inc. (NYSE:SPG) disclosed on January 4 that it will sell $500 million of its floating rate notes due 2024 and $700 million of its 2.650% notes due 2032. The proceeds will be utilized to pay off outstanding debt under its $3.5 billion supplemental senior unsecured revolving credit facility and for relevant corporate purposes.