9 Stocks on Jim Cramer’s Radar

6. Simon Property Group, Inc. (NYSE:SPG)

Number of Hedge Fund Holders: 40

A caller asked what Cramer thought the tariff impact would be on Simon Property Group, Inc. (NYSE:SPG), and Cramer replied:

“Well, they have some exposure because they have some retail. But you know what, I’ve gotta tell you, they are a terrific company. Got a 5.7% yield. I think Simon Property should be bought and bought right here.”

Simon Property Group (NYSE:SPG) is a real estate investment trust that develops, owns, and manages top retail and mixed-use properties, including malls, outlets, and entertainment centers. On April 9, Stifel upgraded SPG to Buy from Hold and set a new price target of $168.50, lowered from $178.

The firm stated that the stock’s relative valuation is appealing based on multiples and believes the Simon Property Group’s (NYSE:SPG) decreased exposure to OPI justifies a higher multiple. Stifel also noted that a more straightforward business outlook and greater earnings contribution from core real estate operations could create potential for multiple expansion.