Mizuho Securities downgraded Simon Property Group (NYSE:SPG) from Buy to Neutral in a report released today.
- Updated: September 18, 2016
Mizuho Securities has downgraded Simon Property Group(NYSE:SPG) from Buy to Neutral in a report released on 8/3/2016.
Only yesterday Simon Property Group (NYSE:SPG) traded 0.39% higher at $223.61. The company’s 50-day average is $217.04 and its two hundred day moving average is $208.80. With the last stock close up 0.03% relative to the 200-day moving average, compared with the S&P 500 which has fallen -0.01% over the same time period. Trade volume was was up over the average, with 2,460,596 shares of SPG changing hands over the typical 1,222,320 shares..
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With a total market value of $0.0, Simon Property Group has a 52 week low of $176.11 and a one-year high of $229.10 with a price-earnings ratio of 37.
A total of 19 analysts have reported on the company. Seven analysts rate the company a strong buy, 13 firms rate the company a buy, two firms rate the company a hold, one analyst rate the company to underperform, and finally 0 analystsrate the company as sell with a one year target price of $221.21
General Company Details For Simon Property Group (NYSE:SPG)
Simon Property Group, Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company owns, develops and manages retail real estate properties, which consist primarily of malls, Premium Outlets and The Mills. Simon Property Group, L.P. (Operating Partnership), is the Company’s partnership subsidiary that owns all of its real estate properties and other assets. The Company owns an interest in approximately 210 income-producing properties in the United States, which consists of approximately 110 malls, 70 Premium Outlets, 15 Mills and 12 other retail properties in over 35 states and Puerto Rico. The Company also owns The Mills at Jersey Gardens in Elizabeth, New Jersey, and University Park Village in Fort Worth, Texas. The Company is involved in redevelopment and expansion projects, including the addition of anchors and big box tenants, and underway at approximately 25 properties in the United States.
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