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Updated · MarketWatch · May 7Simon Property Group stock sheds 2% to $201.40
11 articles · Updated · MarketWatch · May 7
- The decline on Thursday ended a two-day winning streak as the S&P 500 fell 0.38% and the Dow Jones Industrial Average lost 0.63%.
- Despite the drop, Simon Property outperformed Realty Income, down 3.47%, and Regency Centers, down 1.54%, though Kimco Realty fell a milder 1.13%.
- Shares closed 3.30% below their 52-week high of $208.28 reached on 21 April, while trading volume of 1.4 million was below the 50-day average.
With record performance, why do analysts project a steep 15% annual earnings decline for Simon Property Group? As inflation fears threaten rate cuts, is the much-anticipated 2026 REIT market rally already in danger?