Simon Property Group (NYSE: SPG) - stock spotlight Nov 23, 2020

TOGGLE noted strong momentum in Simon Property Group (SPG). 6-month momentum again broke through zero and is now firmly positive. Although 12-month momentum remains negative, it has recovered meaningfully from the lows. Over 7 similar episodes TOGGLE was able to study, the median gain for SPG from momentum alone was 10% over subsequent 3+ months. But Barron’s argues that the stock could double: it trades at half the valuation of other mall REITs, and has a hefty cash chest to snap up other prize properties. A 7% dividend yield doesn’t hurt, either.

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