$2.82 EPS Expected for Simon Property Group Inc (SPG)

July 18, 2017 - By Darrin Black

 $2.82 EPS Expected for Simon Property Group Inc (SPG)
Investors sentiment decreased to 0.88 in 2016 Q4. Its down 0.12, from 1 in 2016Q3. It is negative, as 68 investors sold Simon Property Group Inc 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.
Fulton Financial Bank Na holds 0.06% in Simon Property Group Inc (NYSE:SPG) or 3,892 shares. Mogy Joel R Invest Counsel Inc has 0.66% invested in Simon Property Group Inc (NYSE:SPG) for 20,369 shares. Prudential invested 0.43% in Simon Property Group Inc (NYSE:SPG). Finemark Commercial Bank Tru accumulated 3,954 shares or 0.06% of the stock. Lpl Fincl Limited Liability Corp has 0.01% invested in Simon Property Group Inc (NYSE:SPG) for 8,839 shares. Cohen Klingenstein Llc accumulated 0.09% or 3,100 shares. Bridgecreek Invest Limited Com reported 1.45% in Simon Property Group Inc (NYSE:SPG). Connecticut-based Hartford Invest Mgmt has invested 0.28% in Simon Property Group Inc (NYSE:SPG). 1,289 were reported by Pitcairn. Cibc Asset owns 0.12% invested in Simon Property Group Inc (NYSE:SPG) for 95,019 shares. 10.07M are held by Invesco Limited. M&R Capital Mngmt holds 300 shares. Credit Suisse Ag stated it has 1.36M shares or 0.24% of all its holdings. Royal Commercial Bank Of Canada accumulated 978,168 shares. Federated Inc Pa holds 25,828 shares.

Since March 28, 2017, it had 1 insider purchase, and 0 insider sales for $232,400 activity. LEIBOWITZ REUBEN S bought $232,400 worth of stock or 1,400 shares.

Analysts expect Simon Property Group Inc (NYSE:SPG) to report $2.82 EPS on July, 26.They anticipate $0.19 EPS change or 7.22 % from last quarter’s $2.63 EPS. SPG’s profit would be $895.41M giving it 14.37 P/E if the $2.82 EPS is correct. After having $2.74 EPS previously, Simon Property Group Inc’s analysts see 2.92 % EPS growth. The stock increased 0.87% or $1.4 during the last trading session, reaching $162.13. About 1.25M shares traded. Simon Property Group Inc (NYSE:SPG) has declined 18.56% since July 18, 2016 and is downtrending. It has underperformed by 35.26% the S&P500.

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 38 analyst reports since July 21, 2015 according to SRatingsIntel. Zacks downgraded the shares of SPG in report on Monday, August 17 to “Buy” rating. Suntrust Robinson downgraded Simon Property Group Inc (NYSE:SPG) on Friday, January 20 to “Hold” rating. RBC Capital Markets maintained the stock with “Outperform” rating in Tuesday, February 2 report. On Wednesday, August 17 the stock rating was maintained by Deutsche Bank with “Buy”. Stifel Nicolaus maintained Simon Property Group Inc (NYSE:SPG) rating on Monday, March 21. Stifel Nicolaus has “Buy” rating and $232 target. SunTrust downgraded Simon Property Group Inc (NYSE:SPG) on Friday, January 20 to “Hold” rating. As per Wednesday, August 26, the company rating was upgraded by Zacks. The stock has “Buy” rating by Stifel Nicolaus on Wednesday, October 28. RBC Capital Markets maintained Simon Property Group Inc (NYSE:SPG) on Tuesday, July 28 with “Outperform” rating. RBC Capital Markets downgraded the stock to “Sector Perform” rating in Tuesday, August 2 report.

Simon Property Group, Inc. is a self-administered and self-managed real estate investment trust . The company has market cap of $51.48 billion. The Firm owns, develops and manages retail real estate properties, which consist primarily of malls, Premium Outlets and The Mills. It has a 27.74 P/E ratio. Simon Property Group, L.P. (Operating Partnership), is the Company’s partnership subsidiary that owns all of its real estate properties and other assets.

More recent Simon Property Group Inc (NYSE:SPG) news were published by: Nasdaq.com which released: “August 18th Options Now Available For Simon Property Group (SPG)” on June 19, 2017. Also Zacks.com published the news titled: “Simon Property Unveils Norfolk Premium Outlets in Virginia” on June 30, 2017. Seekingalpha.com‘s news article titled: “Simon Property Group: Retail Carnage Creates Opportunity” with publication date: June 20, 2017 was also an interesting one.

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