Simon Property Group Inc Sentiment Worsening on Bad Stock Potential, Now at 0.93

June 27, 2018 - By Anthony Rauscher

Simon Property Group, Inc. (NYSE:SPG) Corporate Logo

Positions for Simon Property Group Inc (NYSE:SPG)

In Q1 2018 Simon Property Group Inc (NYSE:SPG) big money sentiment decreased to 0.93, SEC filings reveal. So its down -0.06, from 2017Q4’s 0.99. 247 investment professionals started new and increased positions, while 267 decreased and sold stakes in Simon Property Group Inc so the sentiment turned negative. Funds own 288.17 million shares, down from 293.74 million shares in 2017Q4. Funds holding Simon Property Group Inc in top 10 changed to 26 from 29 for a decrease of 3. 59 Investors Sold All; 208 Reduced Holdings; 178 increased holdings while 69 investment professionals bought holdings.

Largest Simon Property Group Inc Shareholders

As of Q1 2018 Athena Capital Advisors Llc has 15.81% invested in Simon Property Group Inc. As of Q1 2018, 1.83 million shares of Simon Property Group Inc are owned by Resolution Capital Ltd. Lasalle Investment Management Securities Llc reported 3.69 million shares. Apg Asset Management Us Inc. revealed 7.29 million shares position in Simon Property Group Inc. The Massachusetts-based fund Aew Capital Management L P holds 2.07 million shares or 9% of their US equity exposure.

Simon Property Group, Inc. is an equity real estate investment trust.The company has $61.47 billion market cap. The firm invests in the real estate markets across the globe.The P/E ratio is 25.7. It engages in investment, ownership, management, and development of properties.

Ticker’s shares touched $172.42 during the last trading session after 0.01% change.Currently Simon Property Group, Inc. is downtrending after 0.75% change in last June 27, 2017. SPG has 314,896 shares volume. SPG underperformed the S&P 500 by 13.32%.

Simon Property Group, Inc. (NYSE:SPG)’s earnings report is anticipated on August, 7., as reported by Faxor. Analysts predict 17.41 % diference or $2.90 from the $2.47 EPS from 2017. If SPG’s EPS is $2.90 the profit will hit $1.03B for 14.86 P/E. After $2.87 EPS was announced previous quarter, analysts now see EPS growth of 1.05 % for Simon Property Group, Inc..

Lederer And Counsel Ca holds 2,812 shs or 0.39% of its capital. Conning has 9,391 shs. M&R Capital Mgmt invested 0.02% of its capital in Simon Property Group, Inc. (NYSE:SPG). Dubuque Bank Tru Communications holds 0% or 6 shs in its capital. Cibc World Mkts holds 0.01% or 15,665 shs in its capital. Amundi Pioneer Asset Incorporated owns 0.18% invested in Simon Property Group, Inc. (NYSE:SPG) for 729,244 shs. Polaris Greystone Fincl Gp Ltd holds 0% of its capital in Simon Property Group, Inc. (NYSE:SPG) for 200 shs. Global Endowment Mngmt Lp invested in 7,800 shs or 0.17% of the stock. Washington Savings Bank invested in 0% or 3 shs. Teacher Retirement Sys Of Texas stated it has 139,786 shs or 0.15% of all its holdings. Hl Fincl Ltd owns 5,095 shs. Moreover, Exane Derivatives has 0% invested in Simon Property Group, Inc. (NYSE:SPG) for 50 shs. 232 are owned by Svcs Corp. Commonwealth Of Pennsylvania Public School Empls Retrmt Sys holds 0.06% or 27,843 shs in its capital. 1.11M were accumulated by Ameriprise Financial Incorporated.

Simon Property Group, Inc. (NYSE:SPG) Ratings Coverage

Total analysts of 8 have positions in Simon Property (NYSE:SPG) as follows: 5 rated it a “Buy”, 0 with “Sell” and 3 with “Hold”. The positive are 63%. The firm has $240.0 highest while $170.0 is the lowest price target. The average target $187.14 is 8.54% above the last ($172.42) price. Since January 9, 2018 according to StockzIntelligence Inc Simon Property has 10 analyst reports. In Tuesday, January 9 report BMO Capital Markets maintained it with “Buy” rating and $176.0 target. On Monday, February 26 Barclays Capital maintained Simon Property Group, Inc. (NYSE:SPG) rating. Barclays Capital has “Overweight” rating and $188 target. On Monday, April 30 the rating was maintained by Boenning & Scattergood with “Buy”. On Wednesday, January 31 Jefferies maintained Simon Property Group, Inc. (NYSE:SPG) with “Buy” rating. The company rating was downgraded by JP Morgan on Tuesday, March 27. On Monday, February 12 the company was maintained by Jefferies. On Wednesday, January 31 the firm earned “Hold” rating by RBC Capital Markets. On Thursday, February 1 the firm has “Buy” rating by Boenning & Scattergood given. On Tuesday, May 1 the stock has “Outperform” rating by Wells Fargo. The company rating was downgraded by J.P. Morgan on Tuesday, March 27.

For more Simon Property Group, Inc. (NYSE:SPG) news published recently go to: Seekingalpha.com, Fool.com, Seekingalpha.com, Bizjournals.com or Seekingalpha.com. The titles are as follows: “Hersha Hospitality Trust: An Unusual Divergence Creates A 7% Yield For Dividend Investors” published on June 01, 2018, “The 10 Largest REIT Stocks — Which Are the Best Buys Now?” on June 21, 2018, “Simon to redevelop Sears sites int new fitness, entertainment, dining concepts” with a publish date: May 31, 2018, “Lifestyle brand snags prime SouthPark space” and the last “Tanger Factory Outlet Centers: A Dividend Aristocrat On Sale” with publication date: June 12, 2018.

Simon Property Group, Inc. (NYSE:SPG) Institutional Investors Chart

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