Simon Property Group (SPG) : On Wednesday, The money flowed into the Simon Property Group (SPG) stock with an uptick to downtick ratio was recorded at 1.61. Transactions worth $62.76 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $39.08 million. The total money flow into the stock was $23.68 million. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $22.26 million of block transactions on upticks. The total money flow in block trades was $22.26 million. In terms of price action, Simon Property Group (SPG) traded down $0.32 during the session at $212.61. Compared to the previous days closing, the stock was down only by -0.15%. For the week, the stock is -0.41%, over previous weeks closing.
Shares of Simon Property Group Inc. appreciated by 0.83% during the last five trading days but lost 1.43% on a 4-week basis. Simon Property Group Inc. has dropped 0.32% during the last 3-month period . Year-to-Date the stock performance stands at 12.06%.
Simon Property Group (SPG) : 11 brokerage houses believe that Simon Property Group (SPG) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Simon Property Group (SPG). Zacks Investment Research suggests a Hold with a rank of 3. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 17 Wall Street Analysts endorse the stock as a Buy with a rating of 1.76.
Simon Property Group (NYSE:SPG): stock was range-bound between the intraday low of $210.6705 and the intraday high of $213.73 after having opened at $212.99 on Wednesdays session. The stock finally closed in the red at $212.99, a loss of -0.15%. The stock remained in the red for the whole trading day. The total traded volume was 1,149,558 shares. The stock failed to cross $213.73 in Wednesdays trading. The stocks closing price on Thursday was $212.93.
Simon Property Group, Inc. is a self-administered and self-managed real estate investment trust (REIT). Simon Property Group, L.P. (Operating Partnership), is the Companys majority-owned partnership subsidiary that owns all of its real estate properties and other assets. The Company owns, develops and manages retail real estate properties, which consist primarily of malls, Premium Outlets and The Mills. As of December 31, 2014, the Company owned or held an interest in 207 properties in the United States, which consisted of 109 malls, 68 Premium Outlets, 13 Mills, three community centers, and 14 other retail properties in 37 states and Puerto Rico. As of December 31, 2014, the Company had ownership interests in nine Premium Outlets in Japan, three Premium Outlets in South Korea, two Premium Outlets in Canada, one Premium Outlet in Mexico and one Premium Outlet in Malaysia. As of December 31, 2014, the Company had non-controlling ownership interests in five outlet properties in Europe.