NEW YORK (

TheStreet

) --

Simon Property Group Inc

(NYSE:

SPG

) hit a new 52-week high Wednesday as it is currently trading at $123.52, above its previous 52-week high of $123.48 with one million shares traded as of 2:10 p.m. ET. Average volume has been 2.7 million shares over the past 30 days.

Simon Property Group has a market cap of $36.1 billion and is part of the

financial

sector and

real estate

industry. Shares are up 21.7% year to date as of the close of trading on Tuesday.

Simon Property Group, Inc. is a real estate investment trust. The firm engages in investment, ownership, and management of properties. It invests in the real estate markets across the globe. The company has a P/E ratio of 43.1, equal to the average real estate industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

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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, revenue growth, notable return on equity and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full

Simon Property Group Ratings Report

.

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