4 Real Estate-Related Stocks Hit 52-Week Highs: SPG, O, LOW, HD

NEW YORK ( TheStreet) -- Shares of real estate and housing-related stocks Simon Property Group ( SPG), Realty Income ( O), Lowe's ( LOW) and Home Depot ( HD).

Each of the stocks received a buy rating from TheStreet Ratings.

Simon Property Group

"SPG's decision to invest in Klépierre appears strategically sound, given ability to 'Simon-ize' these assets over the longer term, essentially extracting greater operatingefficiencies from & bringing new tenant relationships to these properties," Keefe, Bruyette & Woods analysts wrote in a March 15 report. "New investment also creates a valuable option that could pay greater dividends & offer value-creation opportunities down the road, if/when redevelopment &/or expansion is warranted."

Shares of Simon Property Group hit a 52-week high Wednesday of $144.79. The stock's 52-week low of $99.43 was set on Aug. 8.

Simon Property Group has an estimated price-to-earnings ratio for next year of 40.18 times; the average for retail real estate investment trusts is 58.4. For comparison, both General Growth Properties ( GGP) and Kimco Realty ( KIM) have higher forward P/Es of 62.96 and 63.75, respectively.

Seventeen of the 25 analysts who cover Simon Property Group rated it buy. Seven analysts gave the stock a hold rating and one rated it sell.

TheStreet Ratings gives Simon Property Group an A+ grade with a buy rating and a $180.64 price target. The stock has risen 11.89% year to date.

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Realty Income

"We expect O to increase disposition activity from its current $25-35 million annual pace, shifting the portfolio into higher quality tenant credits and better positioned real estate," Morgan Keegan analysts wrote in a Feb. 15 report.

Shares of Realty Income hit a 52-week high Wednesday of $38.24. The stock's 52-week low of $27.93 was set on Aug. 8.

Realty Income's forward P/E is 35.2; the average for retail REITs is 58.4. For comparison, both Federal Realty Investment Trust ( FRT) and Tanger Factory Outlet Centers ( SKT) have higher forward P/Es of 40.99 and 41.87, respectively.

Twelve of the 16 analysts who cover Realty Income rated it hold. Two analysts gave the stock a buy rating and another two analysts rated it sell.

TheStreet Ratings gives Realty Income an A+ grade with a buy rating and a $43.86 price target. The stock has risen 8.98% year to date.


Lowe's

"LOW has begun to make tough decisions," Nomura analysts wrote in a March 12 report. "That is the key to our Buy rating. In many ways, it is following what HD did three years earlier when it slowed growth, shut stores, cut costs and addressed inventory. The bottom line is that LOW has begun to play offense."

Shares of Lowe's hit a 52-week high Wednesday of $30.98. The stock's 52-week low of $18.07 was set on Aug. 10.

Lowe's forward P/E is 13.87; the average for home-improvement retailers is 16.12. For comparison, both Pier 1 Imports ( PIR) and Home Depot ( HD) have higher forward P/Es of 16.47 and 15.39, respectively.

Fourteen of the 28 analysts who cover Lowe's rated it buy. Thirteen analysts gave the stock a hold rating and one rated it sell.

TheStreet Ratings gives Lowe's an A grade with a buy rating and a $35.45 price target. The stock has risen 21.59% year to date.

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Home Depot

"In our normalized earnings analysis, we forecast EPS power in the mid $5 rangeon sales per square feet of $345 and 12.5% EBIT margins," Credit Suisse analysts wrote in a March 21 report. "However, those assumptions do not capture all of HD's internal opportunities nor the market share potential from a large, enfeebled competitor. All of the above is why we remain bullish on this stock and why we continue to want to own this name ahead of a housing recovery. We are raising our price target to $55 (from $50)."

Shares of Home Depot hit a 52-week high Wednesday of $49.83. The stock's 52-week low of $28.13 was set on Aug. 9.

Home Depot's forward P/E is 15.39; the average for home improvement retailers is 16.12.

Seventeen of the 30 analysts who cover Home Depot rated it buy; 13 analysts gave the stock a hold rating.

TheStreet Ratings gives Home Depot an A+ grade with a buy rating and a $59.06 price target. The stock has risen 18.36% year to date.

-- Written by Alexandra Zendrian

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