|Bid||22.840 x 1100|
|Ask||22.850 x 600|
|Day's Range||22.720 - 23.370|
|52 Week Range||21.510 - 45.410|
|PE Ratio (TTM)||12.28|
|Dividend & Yield||1.51 (6.54%)|
|1y Target Est||N/A|
Recent concerns over the decline in stock prices of U.S. retail REITs such as Simon Property, Taubman Centers, and Tanger Factory Outlets are overblown. I believe they will turn around and outperform both U.S. REITs and the S&P 500 over the next 12 months.
Here are some possible bargains for income-seeking investors willing to consider contrarian plays.
Nike Inc (NYSE:NKE) is set to report earnings on Thursday after the close. Investors are seemingly torn whether they should be long or short the athletic apparel maker heading into the results. Investors could make a bear case for Nike on this front, but it’s not as bad as it seems.