) pushed the Real Estate industry higher today making it today's featured real estate winner. The industry as a whole closed the day up 1.7%. By the end of trading, Simon Property Group rose $2.41 (1.5%) to $160.68 on average volume. Throughout the day, 1,680,955 shares of Simon Property Group exchanged hands as compared to its average daily volume of 1,446,600 shares. The stock ranged in a price between $159.13-$160.87 after having opened the day at $159.19 as compared to the previous trading day's close of $158.27. Other companies within the Real Estate industry that increased today were:
), up 11.6%,
), up 8.7%,
), up 7.5% and
), up 7.4%.
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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 $48.6 billion and is part of the financial sector. The company has a P/E ratio of 45.5, above the S&P 500 P/E ratio of 17.7. Shares are up 0.1% year to date as of the close of trading on Wednesday. Currently there are 15 analysts that rate Simon Property Group a buy, no analysts rate it a sell, and 3 rate it a hold.
TheStreet Ratings rates
Simon Property Group
. 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.
- You can view the full Simon Property Group Ratings Report.
On the negative front,
), down 6.9%,
), down 6.5%,
), down 5.4% and
), down 4.5%.
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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.