Simon Property Group (SPG) Shares are Up 0.88%

Simon Property Group (SPG) has been under a strong bear grip, hence the stock is down -5.65% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.54% in the past 1 week. The stock has risen by 0.88% in the past week indicating that the buyers are active at lower levels, but the stock is down -5.85% in the past 4 weeks.

For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 1.28% and the fifty day Moving Average is 1.04%. Simon Property Group Inc. is up 8.92% in the last three month period. Year-to-Date the stock performance stands at 12.67%.

Simon Property Group (SPG) : The highest short term price target forecast on Simon Property Group (SPG) is $270 and the lowest target price is $160. A total of 13 equity analysts are currently covering the company. The average price of all the analysts is $233.85 with a standard deviation of $27.16.


Simon Property Group (NYSE:SPG): On Fridays trading session , Opening price of the stock was $216.16 with an intraday high of $218.19. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $212.9. However, the stock managed to close at $213.76, a loss of 0.83% for the day. On the previous day, the stock had closed at $215.55. The total traded volume of the day was 1,253,464 shares.

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.

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