Simon Property
Shares of this leading company have been pounded and are offering the best entry point since last year, and it is a strong idea for investors looking to play the commercial real estate subsector. Simon Property Group Inc. (NYSE: SPG) invests in real estate markets across the globe, engaging in investment, ownership, management and development of properties. The company primarily invests in regional malls, premium outlets, mills and community/lifestyle centers to create its portfolio.
Through its subsidiary partnership, Simon Property owns or has an interest in about 230 properties in the United States and Asia. The company also has a 28.9% interest in Klepierre, a European real estate investment trust with over 260 shopping centers in 13 countries.
Shareholders receive a 6.07% distribution. Morgan Stanley’s price target of $131 is well above the $122.47 consensus target for Simon Property Group stock. Shares ended trading on Tuesday at $120.24.
Verizon
This top telecommunications stock offers tremendous value at current levels. Verizon Communications Inc. (NYSE: VZ) is one of the largest U.S. telecom companies. It provides wireless and wireline service to retail, enterprise and wholesale customers.
The company’s wireless network serves approximately 120 million mobile connections with 115 million postpaid subscribers. Its wireline business has undergone a period of secular decline due to wireless substitution and cable competition.
Verizon also provides converged communications, information and entertainment services over America’s most advanced fiber-optic network, and it delivers integrated business solutions to customers worldwide.
Investors receive a 6.88% dividend. The Raymond James price target is $51, and the consensus target is $45.30. Verizon Communications stock closed most recently at $37.86.
While the two-month bear market rally has been stunning, and now it is being boosted by seasonality and marginally better incoming economic data, the reality is layoffs are growing and inflation may not ever abate to the Fed’s 2% target. Plus, with Republicans taking back control of the House of Representatives in January, the profligate government spending likely will come to a screeching halt with the national debt at $31 trillion.
Originally published at 24/7 Wall St.
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Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
