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.
) pushed the Real Estate industry lower today making it today's featured Real Estate laggard. The industry as a whole closed the day down 1.3%. By the end of trading, Simon Property Group fell $2.40 (-1.5%) to $159.51 on average volume. Throughout the day, 1,196,495 shares of Simon Property Group exchanged hands as compared to its average daily volume of 1,428,300 shares. The stock ranged in price between $159.51-$162.74 after having opened the day at $162.36 as compared to the previous trading day's close of $161.91. Other companies within the Real Estate industry that declined today were:
), down 10.8%,
), down 8.7%,
), down 7.4% and
), down 6.5%.
- EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass
Simon Property Group, Inc. is an equity real estate investment trust. The firm invests in the real estate markets across the globe. It engages in investment, ownership, and management of properties. Simon Property Group has a market cap of $50.4 billion and is part of the financial sector. Shares are up 6.4% year to date as of the close of trading on Tuesday. Currently there are 16 analysts that rate Simon Property Group a buy, no analysts rate it a sell, and 1 rates it a hold.
TheStreet Ratings rates
Simon Property Group
. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, expanding profit margins, good cash flow from operations and growth in earnings per share. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.
- You can view the full Simon Property Group Ratings Report.
On the positive front,
), up 10.2%,
), up 9.1%,
), up 5.6% and
), up 2.9%.
- Use our real estate section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the real estate industry could consider
) while those bearish on the real estate industry could consider
- Find other investment ideas from our top rated ETFs lists.