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

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Simon Property Group ( SPG) pushed the Real Estate industry lower today making it today's featured Real Estate laggard. The industry as a whole closed the day down 1.1%. By the end of trading, Simon Property Group fell $2.93 (-1.9%) to $152.39 on heavy volume. Throughout the day, 2.2 million shares of Simon Property Group exchanged hands as compared to its average daily volume of 1.2 million shares. The stock ranged in price between $152.13-$156.17 after having opened the day at $155.98 as compared to the previous trading day's close of $155.32. Other companies within the Real Estate industry that declined today were: IFM Investments ( CTC), down 15.4%, Impac Mortgage Holdings ( IMH), down 7%, Homex Development ( HXM), down 6%, and Capital ( CT), down 5.3%.
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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 $47.38 billion and is part of the financial sector. The company has a P/E ratio of 31, 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 20.5% year to date as of the close of trading on Monday. Currently there are 11 analysts that rate Simon Property Group a buy, one analyst rates it a sell, and five 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 increase in net income, revenue growth, notable return on equity, solid stock price performance 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.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the real estate industry could consider iShares Dow Jones US Real Estate ( IYR) while those bearish on the real estate industry could consider ProShares Short Real Estate Fund ( REK).

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