The company is optimistic that retail will make a strong rebound in 2021
Soltau, who joined the struggling retailer two years ago, will depart on Dec. 31.
Dow Industrials lost 0.5%, and the Russell 2000 slipped 0.1%. Tech stocks bucked the trend, with the Nasdaq composite gaining 0.4%.
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.
| Website: | www.simon.com |
| Email: | IRContact@simon.com |
| Main Phone: | +1 317 636-1600 |
| Address: | 225 West Washington Street |
| Address 2: | Suite 3500 |
| State: | IN |
| City / Town: | Indianapolis |
| Country: | US |
| Postal Code: | 46204 |
| Exchange: | NYE |
| CEO: | David Simon |
| Employees: | 3300 |
| NAICS: | Lessors of Nonresidential Buildings (except Miniwarehouses)(531120) |
The company is optimistic that retail will make a strong rebound in 2021
Soltau, who joined the struggling retailer two years ago, will depart on Dec. 31.
Dow Industrials lost 0.5%, and the Russell 2000 slipped 0.1%. Tech stocks bucked the trend, with the Nasdaq composite gaining 0.4%.
Two of Penney's biggest landlords, Simon Property Group and Brookfield Asset Management, have acquired nearly all such assets.
Under the original agreement announced in February, Taubman shareholders were to receive $52.50 per share in cash.
Mall owners Simon Property Group and Brookfield Property Partners have teamed up to acquire J.C. Penney’s retail operations and are putting the finishing touches on an agreement.
The two companies have explored converting retail space formerly occupied by JC Penney and Sears into Amazon distribution centers, while in some cases, Simon and Amazon explored buying out occupied space from the retailers.
Stocks shrugged off a wobbly start to finish solidly higher on Wall Street Monday, as the market clawed back half its losses from last week.
The S&P 500 fell 0.6% to 3,097.74. Dow Industrials dropped 0.8% to 25,871.46 after a day of big swings. The Nasdaq composite inched up less than 0.1%, to 9,946.12.
When will the party end? What happens when the Fed turns off the tap?
| Last Price N/A | Change $ N/A | Change % N/A | Tick N/A |
| Bid N/A | Bid Size N/A | Ask N/A | Ask Size N/A |
| Open N/A | High N/A | Low N/A | Prev Close N/A |
| Last Trade | Volume N/A | 52 Wk Hi N/A | 52 Wk Low N/A |
| Market Cap N/A | Ex-Div Date N/A | Div Rate N/A | Yield N/A |
| Shares N/A | EPS (TTM) N/A | PE Ratio N/A | Exchange N/A |
|
|
|
|
| Last 3 Mo | Last 12 Mo | |
|---|---|---|
| Number of Insider Trades | 0 | 5 |
| Number of Buys | 0 | 1 |
| Number of Sells | 0 | 4 |
| Net Activity | 0 | -4800 |
| Last 10 Buys | Shares |
|---|---|
| Allan B. Hubbard | 1,000 |
| Allan B. Hubbard | 1,000 |
| Allan B. Hubbard | 1,000 |
| Allan B. Hubbard | 1,000 |
| Allan B. Hubbard | 1,000 |
| Allan B. Hubbard | 1,000 |
| Allan B. Hubbard | 1,000 |
| Allan B. Hubbard | 1,000 |
| Larry C. Glasscock | 1,000 |
| Allan B. Hubbard | 1,000 |
| Last 10 Sell | Shares |
|---|---|
| Steven K. Broadwater | 1,000 |
| Steven K. Broadwater | 1,000 |
| Andrew A. Juster | 1,000 |
| Andrew A. Juster | 1,000 |
| Steven K. Broadwater | 1,000 |
| David J. Contis | 1,000 |
| Steven K. Broadwater | 1,000 |
| John Rulli | 1,000 |
| Stephen E. Sterrett | 1,000 |
| Stephen E. Sterrett | 1,000 |
| Current | 1 Week Ago | 2 Weeks Ago | 3 Weeks Ago | |
|---|---|---|---|---|
| High Target Price Estimate | 240 | 240 | 240 | 240 |
| Low Target Price Estimate | 158 | 158 | 158 | 158 |
| Mean Target Price Estimate | 183.54 | 183.54 | 183.54 | 183.17 |
| Standard Deviation | 19.41 | 19.41 | 19.41 | 20.23 |
| Date of Most Recent Estimate | 05/16/18 | 05/16/18 | 05/16/18 | 06/08/18 |
| Form Type | Form Description | Pages | Date |
|---|---|---|---|
| 4 | Statement of changes in beneficial ownership of securities | 1 | 2018-05-10 |
| 4 | Statement of changes in beneficial ownership of securities | 1 | 2018-05-10 |
| 4 | Statement of changes in beneficial ownership of securities | 1 | 2018-05-10 |
| 4 | Statement of changes in beneficial ownership of securities | 1 | 2018-05-10 |
| 4 | Statement of changes in beneficial ownership of securities | 1 | 2018-05-10 |
| 4 | Statement of changes in beneficial ownership of securities | 1 | 2018-05-10 |
| 4 | Statement of changes in beneficial ownership of securities | 1 | 2018-05-10 |
| 4 | Statement of changes in beneficial ownership of securities | 1 | 2018-05-10 |
| 4 | Statement of changes in beneficial ownership of securities | 1 | 2018-05-10 |
| 4 | Statement of changes in beneficial ownership of securities | 1 | 2018-05-10 |
| Current | 1 Month Ago | 2 Months Ago | 3 Months Ago | |
|---|---|---|---|---|
| Strong Buy | 8 | 8 | 9 | 10 |
| Moderate Buy | 1 | 1 | 1 | 1 |
| Hold | 5 | 5 | 5 | 4 |
| Moderate Sell | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 |
| Mean Rec. | 1.79 | 1.79 | 1.73 | 1.6 |
© 2021 Equities News | Equities.com, Inc.
* All dates and time are being displayed in Eastern Standard Time (EST).
