Simon Property Group Inc (SPG): Today's Featured Financial Laggard

Simon Property Group was a leading decliner within the financial sector, falling $1.66 (-1.0%) to $160.06 on average volume
By TheStreet Wire ,

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 Financial sector lower today making it today's featured Financial laggard. The sector as a whole closed the day down 0.1%. By the end of trading, Simon Property Group fell $1.66 (-1.0%) to $160.06 on average volume. Throughout the day, 2,066,802 shares of Simon Property Group exchanged hands as compared to its average daily volume of 1,426,700 shares. The stock ranged in price between $158.50-$162.77 after having opened the day at $162.00 as compared to the previous trading day's close of $161.72. Other companies within the Financial sector that declined today were:

Porter Bancorp

(

PBIB

), down 19.7%,

Meadowbrook Insurance Group

(

MIG

), down 10.0%,

State Investors Bancorp

(

SIBC

), down 7.7% and

CIFC

(

CIFC

), down 7.7%.

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 $50.6 billion and is part of the real estate industry. Shares are up 2.3% year to date as of the close of trading on Tuesday. Currently there are 15 analysts that rate Simon Property Group a buy, no analysts rate it a sell, and 4 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 revenue growth, expanding profit margins, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front,

Homex Development

(

HXM

), up 29.1%,

eHealth

(

EHTH

), up 28.4%,

Paulson Capital

(

PLCC

), up 11.9% and

Camco Financial

(

CAFI

), up 11.4% , were all gainers within the financial sector with

Lincoln National Corp (Radnor

(

LNC

) being today's featured financial sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial sector could consider

Financial Select Sector SPDR

(

XLF

) while those bearish on the financial sector could consider

Proshares Short Financials

(

SEF

).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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