As Simon Ppty Group INC New Com (SPG) Share Value Declined, Pggm Investments Lowered Stake by $210.59 Million

June 19, 2017 - By Stephen Andrade

Investors sentiment decreased to 0.88 in 2016 Q4. Its down 0.12, from 1 in 2016Q3. It turned negative, as 68 investors sold SPG shares while 231 reduced holdings. 67 funds opened positions while 196 raised stakes. 292.32 million shares or 2.43% less from 299.60 million shares in 2016Q3 were reported. First Allied Advisory Service stated it has 0.04% of its portfolio in Simon Property Group Inc (NYSE:SPG). Utd Service Automobile Association, Texas-based fund reported 130,294 shares. Moreover, M&R Mgmt has 0.01% invested in Simon Property Group Inc (NYSE:SPG) for 300 shares. Pacad Ltd holds 35,600 shares or 0.8% of its portfolio. Brick And Kyle Assoc stated it has 11 shares or 0% of all its holdings. Hudock Grp Ltd Limited Liability Company invested 0.01% in Simon Property Group Inc (NYSE:SPG). Tru Of Toledo Na Oh has 13,675 shares for 0.68% of their portfolio. Janus Cap Mgmt Limited Company invested in 992,641 shares or 0.15% of the stock. Bragg Advsrs reported 1,413 shares. 47 are owned by Valley Natl Advisers. Lpl Fincl Ltd Liability holds 0.01% or 8,839 shares. Private Tru Na has 0.08% invested in Simon Property Group Inc (NYSE:SPG). Orrstown Fincl owns 9 shares for 0% of their portfolio. Moreover, Connor Clark & Lunn Inv Mgmt Limited has 0.16% invested in Simon Property Group Inc (NYSE:SPG) for 135,130 shares. Amer National Registered Advisor reported 6,105 shares.

Since March 28, 2017, it had 1 insider buy, and 0 sales for $232,400 activity. $232,400 worth of Simon Property Group Inc (NYSE:SPG) was bought by LEIBOWITZ REUBEN S.

Pggm Investments decreased its stake in Simon Ppty Group Inc New Com (SPG) by 31.11% based on its latest 2016Q4 regulatory filing with the SEC. Pggm Investments sold 1.19 million shares as the company’s stock declined 12.82% while stock markets rallied. The institutional investor held 2.63 million shares of the consumer services company at the end of 2016Q4, valued at $468.13 million, down from 3.82 million at the end of the previous reported quarter. Pggm Investments who had been investing in Simon Ppty Group Inc New Com for a number of months, seems to be less bullish one the $49.08 billion market cap company. The stock declined 1.61% or $2.58 reaching $157.68 per share. About 604,558 shares traded. Simon Property Group Inc (NYSE:SPG) has declined 18.56% since June 19, 2016 and is downtrending. It has underperformed by 35.26% the S&P500.

Pggm Investments, which manages about $19.57B US Long portfolio, upped its stake in Digital Rlty Tr Inc Com (NYSE:DLR) by 295,257 shares to 2.49M shares, valued at $244.61M in 2016Q4, according to the filing. It also increased its holding in Equity Residential Sh Ben Int (NYSE:EQR) by 2.04 million shares in the quarter, for a total of 7.39M shares, and has risen its stake in Dst Sys Inc Del Com (NYSE:DST).

Wall Street await Simon Property Group Inc (NYSE:SPG) to release earnings on July, 26. Analysts forecast EPS of $2.82, up exactly $0.19 or 7.22 % from 2014’s $2.63 EPS. The expected SPG’s profit could reach $877.86M giving the stock 13.97 P/E in the case that $2.82 earnings per share is reported. After posting $2.74 EPS for the previous quarter, Simon Property Group Inc’s analysts now forecast 2.92 % EPS growth.

More notable recent Simon Property Group Inc (NYSE:SPG) news were published by: Nasdaq.com which released: “Simon Property Group a Top 25 Dividend Giant With 4.53% Yield (SPG)” on June 02, 2017, also Seekingalpha.com with their article: “The Best Dividend Growth Stock Available Today” published on June 01, 2017, Wsj.com published: “Simon Property Group to Invest $1 Billion to Redevelop Mall Assets” on May 23, 2017. More interesting news about Simon Property Group Inc (NYSE:SPG) were released by: Nasdaq.com and their article: “Simon Property Group Enters Oversold Territory” published on June 06, 2017 as well as Zacks.com‘s news article titled: “Simon Property (SPG) Plans to Invest $1B in its Portfolio” with publication date: May 23, 2017.

Simon Property Group Inc (NYSE:SPG) Ratings Coverage

Among 14 analysts covering Simon Property Group (NYSE:SPG), 9 have Buy rating, 0 Sell and 5 Hold. Therefore 64% are positive. Simon Property Group had 35 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Outperform” rating by RBC Capital Markets on Tuesday, July 28. Stifel Nicolaus maintained Simon Property Group Inc (NYSE:SPG) rating on Monday, March 21. Stifel Nicolaus has “Buy” rating and $232 target. Canaccord Genuity initiated Simon Property Group Inc (NYSE:SPG) on Wednesday, July 22 with “Buy” rating. Stifel Nicolaus maintained the stock with “Buy” rating in Wednesday, October 28 report. The stock of Simon Property Group Inc (NYSE:SPG) has “Hold” rating given on Monday, January 9 by Deutsche Bank. The firm has “Hold” rating given on Friday, January 20 by Suntrust Robinson. Citigroup maintained it with “Buy” rating and $235 target in Friday, April 1 report. The stock of Simon Property Group Inc (NYSE:SPG) has “Buy” rating given on Tuesday, September 8 by Evercore. The rating was maintained by Deutsche Bank with “Buy” on Wednesday, August 17. As per Monday, November 16, the company rating was downgraded by Evercore.

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