Simon Property Group (SPG) : During the past 4 weeks, traders have been relatively bearish on Simon Property Group (SPG), hence the stock is down -3.95% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -3.2% relative to the S&P 500. The 4-week change in the price of the stock is -4.47% and the stock has fallen -3.04% in the past 1 week.
The stock has recorded a 20-day Moving Average of 2.46% and the 50-Day Moving Average is 3.89%.The 200 Day SMA reached 2.77%
Simon Property Group (NYSE:SPG): The stock opened in the green at $209.34 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $209.89 and a low of $206.98 for the day. The stock did not find buyers even at the lows and closed at $207.01 recording a loss of -0.27%. 1,697,228 shares exchanged hands during the trading day. The stock had closed at $207.01 in the previous days trading.
Simon Property Group (SPG) : The most positive equity analysts on Simon Property Group (SPG) expects the shares to touch $271, whereas, the least positive believes that the stock will trade at $160 in the short term. The company is covered by 13 Wall Street Brokerage Firms. The average price target for shares are $233.92 with an expected fluctuation of $27.27 from the mean.
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.