Monday, 18 October 2021 01:33 GMT

Watch for Continued Gains in Shares of Simon Property Group Inc. (SPG)


(MENAFN- Investor Brand Network) Simon Property Group Inc. (NYSE:SPG) traded at a new 52-week high today of $139.90. Approximately 794,000 shares have changed hands today, as compared to an average 30-day volume of 1.8 million shares.

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.

Simon Property Group Inc. share prices have moved between a 52-week high of $139.90 and a 52-week low of $59.35 and are now trading 134% above that low price at $139.14 per share.

Simon Property Group Inc. (NYSE:SPG) defies analysts with a current price ($139.14) 22.6% above its average consensus price target of $107.70.

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