Simon Property (SPG) Offering Possible 14.03% Return Over the Next 27 Calendar Days

Simon Property's most recent trend suggests a bullish bias. One trading opportunity on Simon Property is a Bull Put Spread using a strike $100.00 short put and a strike $90.00 long put offers a potential 14.03% return on risk over the next 27 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $100.00 by expiration. The full premium credit of $1.23 would be kept by the premium seller. The risk of $8.77 would be incurred if the stock dropped below the $90.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Simon Property is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Simon Property is bullish.

The RSI indicator is at 67.28 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Simon Property

Simon Property Group Acquisition Holdings, Inc. Announces Pricing of $300,000,000 Initial Public Offering
Thu, 18 Feb 2021 22:15:00 +0000
Simon Property Group Acquisition Holdings, Inc. Announces Pricing of $300,000,000 Initial Public Offering

Hillman Capital Exits Nike, Cuts Simon Property
Wed, 17 Feb 2021 15:11:13 +0000
Firm's largest sales of the 4th quarter

How Risky Is Simon Property Group's Dividend?
Fri, 12 Feb 2021 12:15:00 +0000
The REIT cut its dividend in 2020. Is the new level sustainable? Here's a quick look at some key things to know.

Morgan Stanley Upgrades Simon Property Group On Potential Earnings Recovery
Thu, 11 Feb 2021 18:15:11 +0000
While the retail REITs segment faces increasing secular challenges, Simon Property Group Inc (NYSE: SPG) has multiple drivers of earnings growth, according to Morgan Stanley. The Simon Property Group Analyst: Richard Hill upgraded Simon Property Group from Equal-Weight to Overweight, while raising the price target to $125. The Simon Property Group Thesis: The company’s earnings seem to have bottomed out in 2020, with a majority of the earnings decline being driven by rent abatements, Hill said in the note. He mentioned four drivers for Simon Property Group’s earnings ahead: Potential recovery of abatements, estimated at a recovery of $410 million. The closing of the TCO acquisition and improved retailer negotiating leverage, estimated to contribute $360 million. Between $55 million and $75 million from retailer investments “$60mn from $800mn of re/development,” the analyst wrote. “We model +6.1% FFO growth in '21e as total NOI growth (including TCO) rebounds to +9.5%. Importantly, we do not assume $410mn of abatements are recovered, which suggest significant potential upside,” Hill added. SPG Price Action: Shares of Simon Property Group had risen by 3.31% to $109.75 on Thursday. (Photo by freestocks on Unsplash) Latest Ratings for SPG DateFirmActionFromTo Feb 2021Morgan StanleyUpgradesEqual-WeightOverweight Feb 2021BTIGMaintainsBuy Feb 2021MizuhoMaintainsNeutral View More Analyst Ratings for SPG View the Latest Analyst Ratings See more from BenzingaClick here for options trades from Benzinga3 Reasons Why BofA Says Intel's Earnings Potential Is LimitedWhat BofA Thinks About Wells Fargo Asset Cap© 2021 Benzinga does not provide investment advice. All rights reserved.

Simon Property Group Tries to Turn the Corner on an Ugly Year for Malls
Thu, 11 Feb 2021 17:58:00 +0000
Several analysts have raised their price targets on Simon Property Group stock this week, in response to the company’s rosier outlook and hopes for a postpandemic rebound in mall traffic.

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