The real estate industry closed the day up 2.3%. Pennsylvania REIT ( PEI), Summit Hotel Properties Inc ( INN), Chesapeake Lodging ( CHSP), and DCT Industrial Trust Inc ( DCT) were all winners today within the real estate industry with Simon Property Group Inc ( SPG) being today's featured real estate winner. Simon Property Group Inc rose $3.96 (3.4%) to $120.70 on average volume. Throughout the day, 2.8 million shares of Simon Property Group Inc exchanged hands as compared to its average daily volume of 2.6 million shares. 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. Simon Property Group Inc has a market cap of $33.9 billion and is part of the financial sector. The company has a P/E ratio of 40.5, equal to the average real estate industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are up 17.3% year to date as of the close of trading on Thursday. 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.
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