Simon Property Group Inc Q1 2018 Big Money Sentiment Better Than Expected, now at 0.93

June 27, 2018 - By Michael Lund

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

Positions for Simon Property Group Inc (NYSE:SPG)

In 2018 Q1 Simon Property Group Inc (NYSE:SPG) big money sentiment decreased to 0.93, SEC.gov filings reveal. So its down -0.06, from 2017Q4’s 0.99. 247 hedge funds started new or increased holdings, while 267 sold and reduced their stakes in Simon Property Group Inc so the sentiment has dropped. These funds own 288.17 million shares, that’s down from 293.74 million shares in 2017Q4. Funds holding Simon Property Group Inc in top 10 decreased from 29 to 26 for a decrease of 3. In total 59 funds closed positions, 208 reduced and 178 increased. Also 69 funds bought new Simon Property Group Inc stakes.

Most Simon Property Group Inc Shareholders

Athena Capital Advisors Llc owns 410,760 shares in Simon Property Group Inc as of 2018 Q1. As of 2018 Q1, 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 long stock exposure.

Simon Property Group, Inc. is an equity real estate investment trust.The firm is valued at $61.47 billion. The firm invests in the real estate markets across the globe.25.7 is the P/E ratio. 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 by 13.32% the S&P500.

On August, 7 Simon Property Group, Inc. (NYSE:SPG)’s earnings report is anticipated by WallStreet, according to RTT. Analysts have anticipation on stock’s earnings per share of $2.90. That’s up 17.41 % from last year’s $2.47 earnings per share. If SPG’s EPS is $2.90 the profit will hit $1.03B for 14.86 P/E. After $2.87 EPS report last quarter, Wall Street now forecasts 1.05 % EPS growth of Simon Property Group, Inc..

Mirae Asset Global Invs Ltd reported 23,566 shs stake. Edgar Lomax Co Va owns 56,265 shs. Cbre Clarion Limited Liability Corporation invested 7.55% in Simon Property Group, Inc. (NYSE:SPG). 1832 Asset Mgmt L P invested in 0.12% or 216,360 shs. Sector Pension Inv Board reported 0.21% in Simon Property Group, Inc. (NYSE:SPG). Moreover, State Street Corporation has 0.23% invested in Simon Property Group, Inc. (NYSE:SPG). Natl Bank Of Ny Mellon reported 3.65 million shs. 29,168 were reported by Los Angeles Capital And Equity. Us Fincl Bank De stated it has 65,828 shs. Fiduciary Tru Co owns 78,225 shs or 0.37% of their US capital. Whalerock Point Lc reported 0.07% stake. Creative Planning reported 0.03% stake. Gradient Invs Ltd Liability Corp has 52,085 shs. Cibc Asset stated it has 130,898 shs or 0.13% of all its holdings. Bluecrest Cap stated it has 0.01% in Simon Property Group, Inc. (NYSE:SPG).

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

In total 8 analysts cover Simon Property (NYSE:SPG). “Buy” rating has 5, “Sell” are 0, while 3 are “Hold”. 63% are bullish. With $240.0 highest and $170.0 lowest target Simon Property has $187.14 average target or 8.54% above the current ($172.42) price. 10 are the (NYSE:SPG)’s analyst reports since January 9, 2018 according to StockzIntelligence Inc. On Tuesday, March 27 the stock of Simon Property Group, Inc. (NYSE:SPG) earned “Neutral” rating by JP Morgan. On Monday, April 30 the firm has “Buy” rating given by Boenning & Scattergood. On Monday, February 12 the rating was maintained by Jefferies with “Buy”. On Tuesday, May 1 the stock of Simon Property Group, Inc. (NYSE:SPG) earned “Outperform” rating by Wells Fargo. On Thursday, February 1 the stock has “Buy” rating by Boenning & Scattergood. On Tuesday, January 9 the firm has “Buy” rating by BMO Capital Markets given. The company rating was maintained by Jefferies on Wednesday, January 31. The company rating was maintained by Barclays Capital on Monday, February 26. On Tuesday, March 27 J.P. Morgan downgraded Simon Property Group, Inc. (NYSE:SPG) rating. J.P. Morgan has “Hold” rating and $17500 target. On Wednesday, January 31 the stock has “Hold” rating by RBC Capital Markets.

For more Simon Property Group, Inc. (NYSE:SPG) news released recently go to: Fool.com, Bizjournals.com, Seekingalpha.com, Seekingalpha.com or Seekingalpha.com. The titles are as follows: “The 10 Largest REIT Stocks — Which Are the Best Buys Now?” released on June 21, 2018, “Lifestyle brand snags prime SouthPark space” on June 26, 2018, “Hersha Hospitality Trust: An Unusual Divergence Creates A 7% Yield For Dividend Investors” with a publish date: June 01, 2018, “Tanger Factory Outlet Centers: A Dividend Aristocrat On Sale” and the last “Simon to redevelop Sears sites int new fitness, entertainment, dining concepts” with publication date: May 31, 2018.

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

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.




Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: