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Simon Property Group Inc (NYSE:SPG) has been downgraded to Hold in a statement by ValuEngine earlier today.

Boasting a price of $154.83, Simon Property Group Inc (NYSE:SPG) traded 0.44% higher on the day. With the last stock price close down 2.63% from the two hundred day average, compared with the S&P 500 Index which has increased 0.03% over the date range. Simon Property Group Inc has recorded a 50-day average of $161.75 and a two hundred day average of $161.20. Volume of trade was down over the average, with 965,369 shares of SPG changing hands under the typical 1,506,420

ValuEngine has downgraded Simon Property Group Inc (NYSE:SPG) to Hold in a statement released on 06/02/2017.

Performance Chart

Simon Property Group Inc (NYSE:SPG)

With a total market value of $0, Simon Property Group Inc has price-earnings ratio of 29.48 with a one year low of $150.15 and a one year high of $197.70 .

A total of 19 equity analysts have released a ratings update on SPG. Seven equity analysts rating the company a strong buy, thirteen equity analysts rating the company a buy, two equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $221.21.

Brief Synopsis About Simon Property Group Inc (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. As of December 31, 2016, the Company owned or held an interest in 206 income-producing properties in the United States, which consisted of 108 malls, 67 Premium Outlets, 14 Mills, four lifestyle centers, and 13 other retail properties in 37 states and Puerto Rico. As of December 31, 2016, it had redevelopment and expansion projects, including the addition of anchors, big box tenants, and restaurants, underway at 27 properties in the United States and it had one outlet and one other retail project under development.

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