Lasalle Investment Management Securities LLC Has Lowered Its Simon Property Group INC (SPG) Position by $55.17 Million; Share Price Declined

May 26, 2018 - By Kenneth Lin

Simon Property Group, Inc. (NYSE:SPG) LogoInvestors sentiment increased to 0.99 in 2017 Q4. Its up 0.01, from 0.98 in 2017Q3. It improved, as 50 investors sold SPG shares while 204 reduced holdings. 74 funds opened positions while 178 raised stakes. 293.74 million shares or 1.11% less from 297.03 million shares in 2017Q3 were reported. Moreover, Kentucky Retirement Systems has 0.23% invested in Simon Property Group, Inc. (NYSE:SPG) for 19,168 shares. Tru Commerce Of Virginia Va accumulated 0.04% or 1,834 shares. Bessemer Group Inc holds 451 shares. Fjarde Ap accumulated 0.23% or 89,214 shares. Barrow Hanley Mewhinney And Strauss Llc holds 0% or 133 shares in its portfolio. Ameriprise Financial has invested 0.09% in Simon Property Group, Inc. (NYSE:SPG). Caisse De Depot Et Placement Du Quebec has 33,200 shares. United Advisers Limited Liability Com stated it has 23,145 shares or 0.03% of all its holdings. L And S Advsrs invested 0.2% in Simon Property Group, Inc. (NYSE:SPG). Roundview Limited Liability Com reported 0.17% of its portfolio in Simon Property Group, Inc. (NYSE:SPG). Financial Bank Hapoalim Bm holds 0.14% or 3,629 shares. Shell Asset Management has invested 0.22% of its portfolio in Simon Property Group, Inc. (NYSE:SPG). 416 were reported by Smithfield Tru Communications. Gofen Glossberg Limited Co Il reported 13,089 shares. Bp Public Lc holds 36,000 shares or 0.22% of its portfolio.

Lasalle Investment Management Securities Llc decreased its stake in Simon Property Group Inc (SPG) by 6.88% based on its latest 2017Q4 regulatory filing with the SEC. Lasalle Investment Management Securities Llc sold 322,632 shares as the company’s stock declined 9.94% with the market. The institutional investor held 4.37 million shares of the consumer services company at the end of 2017Q4, valued at $749.66 million, down from 4.69M at the end of the previous reported quarter. Lasalle Investment Management Securities Llc who had been investing in Simon Property Group Inc for a number of months, seems to be less bullish one the $56.86 billion market cap company. The stock increased 0.45% or $0.71 during the last trading session, reaching $159.49. About 981,690 shares traded. Simon Property Group, Inc. (NYSE:SPG) has declined 9.44% since May 26, 2017 and is downtrending. It has underperformed by 20.99% the S&P500.

Analysts await Simon Property Group, Inc. (NYSE:SPG) to report earnings on August, 7. They expect $2.90 earnings per share, up 17.41 % or $0.43 from last year’s $2.47 per share. SPG’s profit will be $1.03 billion for 13.75 P/E if the $2.90 EPS becomes a reality. After $2.87 actual earnings per share reported by Simon Property Group, Inc. for the previous quarter, Wall Street now forecasts 1.05 % EPS growth.

Another recent and important Simon Property Group, Inc. (NYSE:SPG) news was published by Prnewswire.com which published an article titled: “Simon® Celebrates Members of Armed Forces with Year-Round Military Appreciation Programming” on May 24, 2018.

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

Among 9 analysts covering Simon Property (NYSE:SPG), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Simon Property had 11 analyst reports since November 30, 2017 according to SRatingsIntel. The stock has “Outperform” rating by Wells Fargo on Tuesday, May 1. Barclays Capital maintained the stock with “Overweight” rating in Monday, February 26 report. The firm earned “Hold” rating on Wednesday, January 31 by RBC Capital Markets. The stock of Simon Property Group, Inc. (NYSE:SPG) earned “Hold” rating by J.P. Morgan on Tuesday, March 27. The firm has “Buy” rating given on Monday, February 12 by Jefferies. The rating was maintained by Jefferies on Wednesday, January 31 with “Buy”. The rating was maintained by Boenning & Scattergood on Thursday, February 1 with “Buy”. Boenning & Scattergood maintained it with “Buy” rating and $24000 target in Monday, April 30 report. The firm earned “Buy” rating on Tuesday, January 9 by BMO Capital Markets. The company was downgraded on Tuesday, March 27 by JP Morgan.

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

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