Visit the full analysis for the latest explanation of Simon Property Group, Inc.'s stock movement.
Simon Property Group is the largest U.S. real estate investment trust focused on retail properties, owning and operating premium shopping malls and outlet centers across the country. The company carries an S&P 'A' credit rating and recently reported Q4 results that significantly beat expectations on both revenue and occupancy. Its newly announced $2 billion buyback program signals management confidence in the stock's value and directly contributed to today's move to a 52-week high.