Simon Property Group Inc (NYSE:SPG) Sentiment Change Report

April 25, 2018 - By Dolores Ford

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

Sentiment for Simon Property Group Inc (NYSE:SPG)

Simon Property Group Inc (NYSE:SPG) institutional sentiment increased to 0.99 in Q4 2017. Its up 0.01, from 0.98 in 2017Q3. The ratio is more positive, as 252 institutional investors started new or increased stock positions, while 254 sold and reduced their positions in Simon Property Group Inc. The institutional investors in our partner’s database reported: 293.74 million shares, down from 297.03 million shares in 2017Q3. Also, the number of institutional investors holding Simon Property Group Inc in their top 10 stock positions was flat from 29 to 29 for the same number . Sold All: 50 Reduced: 204 Increased: 178 New Position: 74.

Simon Property Group, Inc. is an equity real estate investment trust. The company has market cap of $52.38 billion. The firm invests in the real estate markets across the globe. It has a 23.52 P/E ratio. It engages in investment, ownership, management, and development of properties.

The stock decreased 0.72% or $1.06 during the last trading session, reaching $146.74. About 1.56M shares traded. Simon Property Group, Inc. (NYSE:SPG) has declined 9.44% since April 25, 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 April, 27 before the open. They expect $2.83 earnings per share, up 3.28 % or $0.09 from last year’s $2.74 per share. SPG’s profit will be $1.01 billion for 12.96 P/E if the $2.83 EPS becomes a reality. After $3.12 actual earnings per share reported by Simon Property Group, Inc. for the previous quarter, Wall Street now forecasts -9.29 % negative EPS growth.

Athena Capital Advisors Llc holds 17.56% of its portfolio in Simon Property Group, Inc. for 410,770 shares. Resolution Capital Ltd owns 1.87 million shares or 14.33% of their US portfolio. Moreover, Lasalle Investment Management Securities Llc has 12.38% invested in the company for 4.37 million shares. The New York-based Apg Asset Management Us Inc. has invested 10.59% in the stock. Green Street Investors Llc, a California-based fund reported 101,700 shares.

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

Ratings analysis reveals 64% of Simon Property’s analysts are positive. Out of 11 Wall Street analysts rating Simon Property, 7 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $170.0 while the high is $240.0. The stock’s average target of $186.80 is 27.30% above today’s ($146.74) share price. SPG was included in 15 notes of analysts from October 27, 2017. Argus Research maintained the stock with “Buy” rating in Tuesday, October 31 report. Jefferies maintained it with “Buy” rating and $200.0 target in Friday, October 27 report. The stock of Simon Property Group, Inc. (NYSE:SPG) earned “Buy” rating by Jefferies on Wednesday, January 31. SunTrust maintained it with “Hold” rating and $170.0 target in Friday, October 27 report. The stock of Simon Property Group, Inc. (NYSE:SPG) has “Hold” rating given on Tuesday, March 27 by J.P. Morgan. Mizuho maintained the stock with “Buy” rating in Sunday, October 29 report. The firm earned “Buy” rating on Tuesday, January 9 by BMO Capital Markets. JP Morgan downgraded Simon Property Group, Inc. (NYSE:SPG) on Tuesday, March 27 to “Neutral” rating. RBC Capital Markets maintained Simon Property Group, Inc. (NYSE:SPG) on Wednesday, November 1 with “Hold” rating. As per Thursday, February 1, the company rating was maintained by Boenning & Scattergood.

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

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