Simon Property Group Inc (SPG): Today's Featured Real Estate Winner
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.Simon Property Group (SPG) pushed the Real Estate industry higher today making it today's featured real estate winner. The industry as a whole closed the day up 0.5%. By the end of trading, Simon Property Group rose $3.19 (2.1%) to $151.71 on average volume. Throughout the day, 1,390,458 shares of Simon Property Group exchanged hands as compared to its average daily volume of 1,373,600 shares. The stock ranged in a price between $150.73-$152.38 after having opened the day at $151.54 as compared to the previous trading day's close of $148.52. Other companies within the Real Estate industry that increased today were: China Housing & Land Development (CHLN), up 10.2%, Vestin Realty Mortgage II (VRTB), up 8.7%, Gyrodyne Company of America (GYRO), up 7.8% and IRSA Inversiones y Representaciones (IRS), up 4.5%.
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