Simon Property Group Inc $ 63.58 0.75 (1.19%)
SPG News and Headlines - Simon Property Group Inc
As of Sept. 22, the GuruFocus All-in-One Screener, a Premium feature, found that the following companies have low price-earnings ratios and are owned by gurus. While some of them are great value investments, others may need to be researched more carefully, according to the discounted cash flow calculator.
With a market cap of $34.72 billion, Sempra Energy (SRE) has a price-earnings ratio of 8.26 and a price-book ratio of 1.72. According to the DCF calculator, the stock has a fair value of $76.68 while trading at $119.98.
The stock has lost 15.41% over the last 12
Real estate companies Simon Property Group Inc. (SPG) and Brookfield Property Partners LP (BPY) announced on Wednesday that they are close to rescuing J.C. Penney Co. Inc. (JCPNQ) from possible bankruptcy in an $800 million deal.
According to CNBC, Joshua Sussberg of the law firm Kirkland & Ellis said the two companies will pay approximately $300 million in cash and assume $500 million in debt according to court hearing remarks.
On May 11, the Plano, Texas-based department store chain filed for Chapter 11 bankruptcy and entered into a
Putting an end to what would have been the biggest-ever deal in the luxury industry, fashion house LVMH Moet Hennessy Louis Vuitton SE (XPAR:MC) called off its $16.2 billion buyout of Tiffany & Co. (TIF) on Wednesday.
Shares of the iconic New York-based jeweler sank 10% in early trading on Wednesday following the announcement, while the French company's stock declined nearly 0.2%.
The deal, which was struck in November 2019, ran into issues after coronavirus-related lockdowns shuttered stores around the world and curbed international travel, crippling demand for luxury goods and sending Tiffany's global net sales down 29% in the
The guru's Miami-based firm concentrates its investments in a relatively small number of companies, believing that a more diversified portfolio leads to a more average performance. Berkowitz applies Benjamin Graham's strategy when selecting stocks, seeking companies that have solid management, generate high free cash flows and are trading at a deep discount to intrinsic value.
In his semiannual letter to shareholders, Berkowitz noted that while the Covid-19 pandemic is "changing the demand and supply for goods and services,"
The Dow Jones Industrial Average closed at 26,828.47 on Tuesday with a gain of 164.07 points or 0.62%. The S&P 500 closed at 3,306.51 for a gain of 11.90 points or 0.36%. The Nasdaq Composite closed at 10,941.17 for a gain of 38.37 points or 0.35%. The VIX Volatility Index was lower at 23.78 for a loss of 0.50 points or -2.06%.
Tuesday’s market movers
U.S. indexes ended with small gains Tuesday, staying in the green following a two-day tech rally. Stocks started lower in early morning trading as investors took some profits, which detracted from the day’s results. A
The following insurance companies have grown their earnings per share over a five-year period. According to the GuruFocus discounted cash flow calculator as of July 30, all of them also trade with a margin of safety.
AvalonBay Communities Inc.'s (AVB) earnings per share have grown 3.60% per annum over the past five years.
According to the DCF calculator, the stock is undervalued with a 5.76% margin of safety at $150.24 per share. The price-earnings ratio 26.83. The share price has been as high as $229.40 and as low as $118.17 in the last 52 weeks; it is currently
The fund operates under Smead Capital Management. Its contrarian investing strategy is based on large-cap stocks that meet the following criteria: serve an economic need, have a strong competitive advantage, have a long history of profitability and strong operating metrics, generate high levels of free chase flow, are undervalued, have a strong balance sheet, show insider ownership and have a history of friendly relations between management and shareholders. The fund is managed by lead
The Dow Jones Industrial Average closed at 26,734.71 on Thursday with a loss of 135.39 points or -0.50%. The S&P 500 closed at 3,215.57 for a loss of 10.99 points or -0.34%. The Nasdaq Composite closed at 10,473.83 for a loss of 76.66 points or -0.73% . The VIX Volatility Index was lower at 27.41 for a loss of 0.35 points or -1.26%.
Thursday’s Market Movers
U.S. indexes closed lower Thursday with several headline detractors. Daily Coronavirus cases exceeded 60,000 per day for a second consecutive day. Twitter (TWTR) also reported a hack into several high-profile accounts with links requesting
The Dow Jones Industrial Average closed at 26,870.10 on Wednesday with a gain of 227.51 points or 0.85%. The S&P 500 closed at 3,226.56 for a gain of 29.04 points or 0.91%. The Nasdaq Composite closed at 10,550.49 for a gain of 61.91 points or 0.59%. The VIX Volatility Index was lower at 27.76 for a loss of 1.76 points or -5.96%.
Wednesday’s Market Movers
U.S. indexes closed higher Wednesday, marking a fourth day of gains for the Dow Jones. A Covid-19 potential vaccine and earnings from Goldman Sachs (GS) were top catalysts.
Earnings reported on Wednesday included:
Everyone who owned common stocks in the U.S. went through hell in the first quarter of this year. The 36% decline in the S&P 500 Index in February and March was the fastest 36% decline of my lifetime. This hell was especially damaging to those of us who have a positive view of the U.S. economy over the next 10 years.
The decline hit economically sensitive stocks much harder than even the index reflects. Commodities, which are usually a pretty good reflection of economic strength, came out of the decline as depressed versus common stocks as they have been in
Cap rate is a financial metric used by real estate investors to analyze real estate investments to determine their potential rate of return. It is calculated based on the net income from operations that a real estate investment is expected to generate over the course of one year, which can help an investor make a decision on whether to buy, sell or hold and compare it with other similar investments.
When calculating the cap rate, we take the ratio of the net operating income to the asset value of the property. The property asset value, in this
Simon Property Group (SPG) has so far been able to withstand the pandemic onslaught, though its business has sufferred for obvious reasons. Dividend investors may easily be lured by the dividend yield that the largest mall REIT in the U.S. currently provides.
On March 18, just a few days before the pandemic-induced market bottom, the Indianapolis, Indiana-based mall operator announced that it would close all of its stores nationwide for at least 11 days. Simon Property Group had 133 properties about to close its doors to. A month and a half later, the mall REIT finally
The Dow Jones Industrial Average closed at 25,595.80 on Monday with a gain of 580.25 points or 2.32%. The S&P 500 closed at 3,053.24 for a gain of 44.19 points or 1.47%. The Nasdaq Composite closed at 9,874.15 for a gain of 116.93 points or 1.20%. The VIX Volatility Index was lower at 31.95 for a loss of 2.78 points or -8.00%.
Monday’s market movers
U.S. indexes closed with gains Monday, following a down week. Investors continued to watch coronavirus cases. Globally, cases surpassed 10 million. In the U.S., Florida, Texas, California and Arizona have accounted for most of the
Companies that have positive and steady net margins and operating margins are often good investments because they can return a solid profit to investors.
According to the GuruFocus discounted cash flow calculator as of June 25, the following undervalued companies have a high margin of safety and have grown their margins over a 10-year period.
Cognizant Technology Solutions Corp.'s (CTSH) net margin and operating margin have grown 13.49% and 17.93% per annum, respectively, over the past 10 years.
According to the DCF calculator, the stock is undervalued with a 7.74% margin of safety at $53.85 per share. The
The Dow Jones Industrial Average closed at 25,445.94 on Wednesday with a loss of 710.16 points or -2.72%. The S&P 500 closed at 3,050.33 for a loss of 80.96 points or -2.59%. The Nasdaq Composite closed at 9,909.17 for a loss of 222.20 points or -2.19%. The VIX Volatility Index was higher at 33.75 for a gain of 2.38 points or 7.59%.
Wednesday’s market movers
Stocks sold off Wednesday with rising concerns over coronavirus infections. The seven-day infection count average increased 30% across the U.S. Texas, Florida, Arizona and California are showing some substantial increases. Florida and California set daily
The Dow Jones Industrial Average closed at 26,156.10 on Tuesday with a gain of 131.14 points or 0.50%. The S&P 500 closed at 3,131.29 for a gain of 13.43 points or 0.43%. The Nasdaq Composite closed at 10,131.37 for a gain of 74.89 points or 0.74%. The VIX Volatility Index was lower at 31.37 for a loss of 0.40 points or -1.26%.
Tuesday’s market movers
U.S. stocks ended with gains Tuesday. Investors were watching uncertainty over the China trade deal after comments from Trade Advisor Peter Navarro suggested there could be problems. Navarro and President Trump confirmed Tuesday that the
The Dow Jones Industrial Average closed at 25,871.46 on Friday with a loss of 208.64 points or -0.80%. The S&P 500 closed at 3,097.74 for a loss of 17.60 points or -0.56%. The Nasdaq Composite closed at 9,946.12 for a gain of 3.07 points or 0.03%. The VIX Volatility Index was higher at 34.48 for a gain of 1.54 points or 4.68%.
For the week, the Nasdaq gained 3.7%, the S&P 500 gained 1.9% and the Dow Jones gained 1%. For the year, the Nasdaq is up 10.85%, the S&P 500 is down 4.12% and the Dow Jones is down
The Dow Jones Industrial Average closed at 26,119.61 on Wednesday with a loss of 170.37 points or -0.65%. The S&P 500 closed at 3,113.49 for a loss of 11.25 points or -0.36%. The Nasdaq Composite closed at 9,910.53 for a loss of 14.66 points or 0.15%. The VIX Volatility Index was lower at 33.57 for a loss of 0.100 points or -0.30%.
Wednesday’s market movers
U.S. indexes retreated Wednesday after a three-day rally. From the major indexes, only the Nasdaq closed higher. The Nasdaq was helped by biotech, with some reports showing the steroid drug dexamethasone is increasing the recovery
According to the GuruFocus All-in-One Screener, a Premium feature, the following companies have high business predictability ratings and wide margins of safety as of June 16.
VMware Inc. (VMW) has a business predictability rank of 4 out of 5 stars and, according to the discounted cash flow calculator, a 67.96% margin of safety at an average price of $136.89 per share.
The Dell-subsidiary and leader in virtual machines and data centers has a market cap of $57.3 billion and an enterprise value of $59.9 billion. Over the past five years, its
The Dow Jones Industrial Average closed at 25,605.54 on Friday with a gain of 477.37 points or 1.90%. The S&P 500 closed at 3,041.31 for a gain of 39.21 points or 1.31%. The Nasdaq Composite closed at 9,588.81 for a gain of 96.08 points or 1.01%. The VIX Volatility Index was lower at 36.09 for a loss of 4.70 points or -11.52%.
For the week, the Nasdaq was down 2.3%, the S&P 500 was down 4.8% and the Dow Jones returned -5.6%. For the year, the Nasdaq is up 6.87%, the S&P 500 is down 5.86% and the Dow Jones