Simon Property Group Inc. Stock Underperforms Tuesday When Compared To Competitors Despite Daily Gains

Federal Home Loan Mortgage Corp

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Financials : Thrifts & Mortgage Finance | Small Cap Value

Company profile

Federal Home Loan Mortgage Corporation is a government-sponsored enterprise (GSE). The Company is engaged in purchasing residential mortgage loans originated by lenders. The Company also invests in mortgage loans and mortgage-related securities. The Company operates through two segments: Single-Family and Multifamily. The Single-Family segment includes purchase, securitization, and guarantee of single-family loans, its investments in single-family loans and mortgage-related securities, the management of Single-Family mortgage credit risk and market risk, and any results of its treasury function that are not allocated to each segment. The Multifamily segment includes purchase, securitization, and guarantee of multifamily loans, its investments in multifamily loans and mortgage-related securities, and the management of multifamily mortgage credit risk and market risk.

Simon Property Group Inc. Stock Underperforms Tuesday When Compared To Competitors Despite Daily Gains

5:23 pm ET November 22, 2022 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Simon Property Group Inc. (SPG) rallied 1.88% to $119.38 Tuesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 1.36% to 4,003.58 and the Dow Jones Industrial Average rising 1.18% to 34,098.10. Simon Property Group Inc. closed $51.33 short of its 52-week high ($170.71), which the company achieved on November 23rd.

The stock underperformed when compared to some of its competitors Tuesday, as Alexandria Real Estate Equities Inc. (ARE) rose 1.92% to $152.68 and Vornado Realty Trust (VNO) rose 2.15% to $24.69. Trading volume (1.5 M) remained 571,784 below its 50-day average volume of 2.1 M.

Data source: Dow Jones Market Data, FactSet. Data compiled November 22, 2022.

(END) Dow Jones Newswires

November 22, 2022 17:23 ET (22:23 GMT)