Shares Of Simon Property Group Inc. (SPG) Exceed 52-Week High

Shares Of Simon Property Group Inc. (SPG) Exceed 52-Week High

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.

Simon Property Group Inc. SPG traded at a new 52-week high today of $137.15. This new high was reached on below-average trading volume as 384,000 shares traded hands, while the average 30-day volume is approximately 1.9 million shares.

Simon Property Group Inc. SPG defies analysts with a current price ($136.54) 22.7% above its average consensus price target of $105.55.

Simon Property Group Inc.'s share prices have moved between a 52-week high of $137.15 and a 52-week low of $59.35 and are now trading 130% above that low price at $136.54 per share.

Simon Property Group is the second-largest real estate investment trust in the United States. Its portfolio includes an interest in 207 properties: 106 traditional malls, 69 premium outlets, 14 Mills centers (a combination of a traditional mall, outlet center, and big-box retailers), four lifestyle centers, and 14 other retail properties. Simon’s portfolio averaged $693 in sales per square foot over the past 12 months. The company also owns a 21% interest in Klepierre, a European retail company with investments in shopping centers in 16 countries, and joint venture interests in 29 premium outlets across 11 countries.

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The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.

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