2. As of noon trading, Simon Property Group ( SPG) is down $2.19 (-1.4%) to $154.21 on heavy volume Thus far, 1.3 million shares of Simon Property Group exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $153.77-$155.20 after having opened the day at $154.19 as compared to the previous trading day's close of $156.40.

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 $48.5 billion and is part of the real estate industry. The company has a P/E ratio of 31.7, above the S&P 500 P/E ratio of 17.7. Shares are up 21.3% year to date as of the close of trading on Wednesday. Currently there are 12 analysts that rate Simon Property Group a buy, 1 analyst rates it a sell, and 4 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 revenue growth, notable return on equity, solid stock price performance, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Simon Property Group Ratings Report now.

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