Shares of Simon Property Group Inc.
rallied 1.59% to $139.33 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index
rising 1.71% to 4,438.26 and the Dow Jones Industrial Average
rising 1.56% to 34,912.56. This was the stock's fourth consecutive day of gains. Simon Property Group Inc. hit a new 52-week high, surpassing its previous peak of $137.56, which the company achieved on October 13th.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Alexandria Real Estate Equities Inc.
rose 1.69% to $200.86 and Vornado Realty Trust
rose 0.74% to $44.67. Trading volume (2.3 M) eclipsed its 50-day average volume of 1.8 M.