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Simon Property Group Inc (SPG): Today's Featured Real Estate Loser

Stock quotes in this article: SPG

Simon Property Group ( SPG) pushed the Real Estate industry lower today making it today's featured Real Estate loser. The industry as a whole closed the day down 0.5%. By the end of trading, Simon Property Group fell $1.82 (-1.1%) to $156.74 on light volume. Throughout the day, 814,116 shares of Simon Property Group exchanged hands as compared to its average daily volume of 1.3 million shares. The stock ranged in price between $156-$159.64 after having opened the day at $158.98 as compared to the previous trading day's close of $158.56. Other company's within the Real Estate industry that declined today were: Stratus Properties ( STRS), down 5.8%, Vestin Realty Mortgage I ( VRTA), down 3.8%, E-House China Holdings ( EJ), down 3.6%, and LTC Properties ( LTC), down 3.6%.

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. Simon Property Group has a market cap of $47.72 billion and is part of the financial sector. The company has a P/E ratio of 31.2, equal to the average real estate industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are up 23% year to date as of the close of trading on Monday. Currently there are 12 analysts that rate Simon Property Group a buy, one analyst rates it a sell, and five rate it a hold.

TheStreet Ratings rates Simon Property Group as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and notable return on equity. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the real estate industry could consider iShares Dow Jones US Real Estate ( IYR) while those bearish on the real estate industry could consider ProShares Short Real Estate Fund ( REK).

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