Simon Property Group Stock Hits New 52-Week High (SPG)
Simon Property Group (NYSE:SPG) hit a new 52-week high Wednesday as it is currently trading at $176.73, above its previous 52-week high of $176.69 with 261,008 shares traded as of 11:40 a.m. ET. Average volume has been 1.2 million shares over the past 30 days.
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. NEW YORK ( TheStreet) -- Simon Property Group (NYSE: SPG) hit a new 52-week high Wednesday as it is currently trading at $176.73, above its previous 52-week high of $176.69 with 261,008 shares traded as of 11:40 a.m. ET. Average volume has been 1.2 million shares over the past 30 days. Simon Property Group has a market cap of $54.41 billion and is part of the financial sector and real estate industry. Shares are up 11.4% year to date as of the close of trading on Tuesday. 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. The company has a P/E ratio of 37.2, 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 revenue growth, notable return on equity, solid stock price performance, good cash flow from operations and expanding profit margins. 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. See all 52-week high stocks or get investment ideas from our investment research center. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.