Zacks Labels Simon 'Bull of the Day'

Simon Property Group, a real estate investment trust based in Indianapolis, has been labeled the "Bull of the Day" by Zacks Equity Research, Chicago.Zacks said the mall and shopping center REIT beat the research firm's third-quarter estimates of funds from operations by $0.04 per share. Zacks has raised its FFO estimate for Simon by $0.02 per share for the year. "Simon is the class of a red-hot retail sector, and it appears that operations will remain strong throughout the next few quarters," Zacks said. "Our main concern with the stock would be valuation and a low dividend. .... We are projecting a good fourth quarter, with FFO per share increasing 5% from last year." The companies can be found online at http://www.zacks.com and http://www.simon.com.