Top Stock to Buy #6 – Simon Property Group (SPG)
Real estate investment trust (REIT) Simon Property Group (NYSE:SPG) has benefited from strong cash flows and pursues a policy of increasing dividends, with a current yield of 2.6%.
SPG is strong in the Washington, D.C., area, and is also one of the largest owners and managers of shopping centers in the United States. Its leases are for 5 or 10 years and include some of the top blue-chip U.S. retailers.
Barclays recently raised its price target based on fundamental analysis from $180 to $183.