Simon Property Group Surges 1.99% on 35.76% Volume Spike Ranks 407th in Market Activity

On August 13, 2025, Simon Property Group (SPG) rose 1.99% to close at $169.22, with a trading volume of $0.28 billion, up 35.76% from the prior day and ranking 407th in market activity. The stock’s market capitalization stands at $63.8 billion.

Recent investor letters and fund holdings highlight SPG’s position in portfolios, with 47 hedge funds holding positions as of Q1 2025, up from 40 in the prior quarter. While the company reported earnings per share (EPS) of $3.05, exceeding expectations, analysts note valuation concerns. SPG trades at a 30% premium to its five-year average price-to-book (P/B) ratio of 1.0–5.0, with a current P/B of 22.92. This divergence raises questions about whether the stock’s premium reflects overconfidence in sustained occupancy rates and rental growth.

Leasing activity has shown signs of softening, with 30% of Q2 2025 deals involving new tenants and minimal rent growth to $58.70 per square foot. Structural challenges, including e-commerce competition and high interest rates, weigh on the retail sector. SPG’s recent $512 million acquisition of Brickell City Centre in Miami highlights its focus on high-traffic assets but may not offset broader industry headwinds.

Technical indicators suggest short-term bearish momentum, with a negative MACD, oversold RSI, and a KDJ Death Cross. However, the stock remains above key moving averages. Historical backtesting of a shorting strategy triggered by the KDJ Death Cross from 2022 to August 2025 yielded a 10.84% return, underperforming the benchmark’s 34.71% over the same period. The strategy’s 21.88% volatility and 0.14 Sharpe Ratio underscore limited risk-adjusted appeal.

The strategy of buying the top 500 stocks by daily trading volume and holding them for one day generated a 3.77% return from 2022 to the present. This outperformed a baseline of holding all stocks without trading discipline, which also returned 3.77%. However, high trading volume does not guarantee future performance, and market dynamics such as volatility and liquidity remain critical factors.