Friday, October 27, 2017

Adding to Simon Property Group (SPG)

Adding to my SPG position today at around $157/share.  I started my position in SPG last year at $166, and have added chunks at lower prices, the lowest was $152.  The stock has been rising slowly since then, and they just reported an excellent quarter yesterday.  Today, retail is getting hit hard because JC Penney is reporting abysmal numbers, and SPG is down around 3.5% as a I write this....

Here is yesterday's SPG report summary:


This purchase takes me to a very full position in the stock, with a current dividend yield of 4.56%.  Love it.

Chump

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