Simon Property Group Stock Hits New 52-Week High (SPG)
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.
NEW YORK (TheStreet) -- Simon Property Group (SPG">SPG) hit a new 52-week high Friday as it is currently trading at $164.33, above its previous 52-week high of $164.32 with 349,765 shares traded as of 11:35 a.m. ET. Average volume has been 1.1 million shares over the past 30 days.
Simon Property Group has a market cap of $50.81 billion and is part of the financial sector and real estate industry. Shares are up 3.5% year to date as of the close of trading on Thursday.
Simon Property Group, Inc. is an independent equity real estate investment trust. It engages in investment, ownership, and management of properties. The firm invests in the real estate markets across the globe. The company has a P/E ratio of 34.3, above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Simon Property Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, increase in stock price during the past year, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Simon Property Group Ratings Report.
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