Simon Property
Shares of this leading company have been pounded and are offering the best entry point since last year. Simon Property Group Inc. (NYSE: SPG) is a very strong company for investors looking to play the industry. It invests in real estate markets across the globe. It engages 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 REIT with over 260 shopping centers in 13 countries.
Shareholders receive a 6.95% distribution. The Stifel team has a price target of $165. The consensus price target for Simon Property stock is $142.80, and shares ended trading Thursday at $97.88.
Williams Companies
This top energy company is a solid pick for investors who are more conservative and looking for exposure to LNG. Williams Companies Inc. (NYSE: WMB) operates as an energy infrastructure company primarily in the United States.
Its Transmission & Gulf of Mexico segment comprises Transco and Northwest natural gas pipelines, as well as natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region. The Northeast G&P segment engages in the midstream gathering, processing and fractionation activities in the Marcellus Shale region, primarily in Pennsylvania and New York, and the Utica Shale region of eastern Ohio.
The West segment comprises gas gathering, processing and treating operations in the Rocky Mountain region of Colorado and Wyoming, the Barnett Shale region of north-central Texas, the Eagle Ford Shale region of South Texas, the Haynesville Shale region of northwest Louisiana and the Mid-Continent region, which includes the Anadarko, Arkom, and Permian basins. It also includes NGL and natural gas marketing operations, as well as storage facilities.
Shareholders receive a 5.59% dividend. A $40 price objective accompanies Raymond James’s Strong Buy rating. The consensus target is $37.86. Thursday’s $31.18 close for Williams Companies stock was almost a 5% gain on the day.
Seven top companies that are the highest yielding stocks in the venerable S&P 500 index and all seven offer investors outstanding entry points, are Buy rated at top Wall Street firms and have a reasonably strong moat around their businesses. Buying stocks that will pay dependable dividends until the current economic mess is sorted out makes total sense now. It also makes sense to perhaps buy partial positions in front of second-quarter results, which will begin in earnest next week.
Originally posted at 24/7 Wall St.
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