Simon Property Group stock rises but underperforms peers
Updated
Updated · MarketWatch · Apr 30
Simon Property Group stock rises but underperforms peers
8 articles · Updated · MarketWatch · Apr 30
Shares gained 1.81% to $203.71 on Thursday, while the S&P 500 rose 1.02% and the Dow Jones Industrial Average climbed 1.62%.
The stock finished 2.19% below its 52-week high of $208.28 reached on 21 April.
Among peers, Realty Income rose 1.94%, Kimco Realty was flat and Regency Centers fell 1.93%, while Simon's trading volume of 1.4 million was below its 50-day average.
With robust profits but alarming debt levels, is Simon Property Group a brilliant investment or a disaster waiting to happen?
After its legendary CEO's death, can new leadership sustain Simon Property's dominance amid high debt and market uncertainty?