Simon Property (NYSE:SPG) Sees Coverage Initiated By BMO Capital with a $78.0 Price

September 17, 2017 - By Clifton Ray

 Simon Property (NYSE:SPG) Sees Coverage Initiated By BMO Capital with a $78.0 Price

Investors sentiment decreased to 0.88 in 2016 Q4. Its down 0.12, from 1 in 2016Q3. It fall, 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.

48,257 were reported by Bb&T Lc. Blackrock Mgmt Ltd Liability Corporation holds 819,961 shares. 2,420 were reported by Logan Capital Mngmt. Moreover, Da Davidson Company has 0.02% invested in Simon Property Group Inc (NYSE:SPG). 1.71 million are held by Standard Life Invs Limited. Moreover, Meiji Yasuda Life Insur Co has 0.38% invested in Simon Property Group Inc (NYSE:SPG) for 12,740 shares. Cohen Klingenstein Ltd Liability Com has invested 0.09% in Simon Property Group Inc (NYSE:SPG). Manufacturers Life Insur The holds 0.09% in Simon Property Group Inc (NYSE:SPG) or 360,412 shares. Northwestern Mutual Wealth Mngmt accumulated 2,930 shares. Earnest Lc has 0% invested in Simon Property Group Inc (NYSE:SPG) for 165 shares. Panagora Asset Incorporated holds 0.44% of its portfolio in Simon Property Group Inc (NYSE:SPG) for 545,174 shares. 98,755 were accumulated by Raymond James & Associate. South Texas Money Mgmt invested in 0.03% or 2,948 shares. State Board Of Administration Of Florida Retirement Sys invested in 0.24% or 453,864 shares. Amp Cap Invsts Ltd holds 2.19% or 2.06 million shares.

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

Why Has BMO Capital Given Simon Property (NYSE:SPG) a $78.0 Price Target

Stock analysts at BMO Capital has begun coverage on Simon Property (NYSE:SPG) with a key Buy rating. The target for SPG is set to $78.0. It would suggest a possible downside of -52.66 % from firm’s last stock close.

Investors sentiment decreased to 0.88 in 2016 Q4. Its down 0.12, from 1 in 2016Q3. It fall, 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.

48,257 were reported by Bb&T Lc. Blackrock Mgmt Ltd Liability Corporation holds 819,961 shares. 2,420 were reported by Logan Capital Mngmt. Moreover, Da Davidson Company has 0.02% invested in Simon Property Group Inc (NYSE:SPG). 1.71 million are held by Standard Life Invs Limited. Moreover, Meiji Yasuda Life Insur Co has 0.38% invested in Simon Property Group Inc (NYSE:SPG) for 12,740 shares. Cohen Klingenstein Ltd Liability Com has invested 0.09% in Simon Property Group Inc (NYSE:SPG). Manufacturers Life Insur The holds 0.09% in Simon Property Group Inc (NYSE:SPG) or 360,412 shares. Northwestern Mutual Wealth Mngmt accumulated 2,930 shares. Earnest Lc has 0% invested in Simon Property Group Inc (NYSE:SPG) for 165 shares. Panagora Asset Incorporated holds 0.44% of its portfolio in Simon Property Group Inc (NYSE:SPG) for 545,174 shares. 98,755 were accumulated by Raymond James & Associate. South Texas Money Mgmt invested in 0.03% or 2,948 shares. State Board Of Administration Of Florida Retirement Sys invested in 0.24% or 453,864 shares. Amp Cap Invsts Ltd holds 2.19% or 2.06 million shares.

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

Simon Property Group Inc (NYSE:SPG) Ratings Coverage

Among 17 analysts covering Simon Property Group (NYSE:SPG), 11 have Buy rating, 0 Sell and 6 Hold. Therefore 65% are positive. Simon Property Group has $266 highest and $170.0 lowest target. $208.29’s average target is 26.41% above currents $164.77 stock price. Simon Property Group had 51 analyst reports since July 21, 2015 according to SRatingsIntel. On Tuesday, September 8 the stock rating was maintained by Evercore with “Buy”. RBC Capital Markets maintained the stock with “Outperform” rating in Tuesday, July 28 report. The stock of Simon Property Group Inc (NYSE:SPG) has “Overweight” rating given on Tuesday, August 8 by Barclays Capital. The stock has “Buy” rating by Jefferies on Wednesday, August 23. The stock of Simon Property Group Inc (NYSE:SPG) earned “Buy” rating by Evercore on Monday, March 7. The stock of Simon Property Group Inc (NYSE:SPG) earned “Hold” rating by Deutsche Bank on Monday, January 9. The stock of Simon Property Group Inc (NYSE:SPG) has “Buy” rating given on Monday, July 24 by Jefferies. Goldman Sachs downgraded the stock to “Neutral” rating in Friday, March 17 report. Canaccord Genuity initiated Simon Property Group Inc (NYSE:SPG) rating on Wednesday, July 22. Canaccord Genuity has “Buy” rating and $217 target. The stock of Simon Property Group Inc (NYSE:SPG) has “Buy” rating given on Friday, June 16 by Jefferies.

The stock increased 0.62% or $1.02 on September 15, reaching $164.77. About 2.81 million shares traded or 84.87% up from the average. Simon Property Group Inc (NYSE:SPG) has declined 18.56% since September 17, 2016 and is downtrending. It has underperformed by 35.26% the S&P500.

Wall Street await Simon Property Group Inc (NYSE:SPG) to release earnings on October, 25. Analysts forecast earnings per share of $2.87, up exactly $0.17 or 6.30 % from 2014’s $2.7 EPS. The expected SPG’s profit could reach $892.16 million giving the stock 14.35 P/E in the case that $2.87 earnings per share is reported. After posting $2.47 EPS for the previous quarter, Simon Property Group Inc’s analysts now forecast 16.19 % EPS growth.

Simon Property Group, Inc. is a self-administered and self-managed real estate investment trust . The company has market cap of $51.22 billion. The Firm owns, develops and manages retail real estate properties, which consist primarily of malls, Premium Outlets and The Mills. It has a 29.33 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 notable recent Simon Property Group Inc (NYSE:SPG) news were published by: Nasdaq.com which released: “Simon Property (SPG) Unveils Mix-Use Project at Clearfolk” on September 15, 2017, also Nasdaq.com with their article: “Simon Property Group Stock Sees Short Interest Expand By 14.7%” published on September 13, 2017, Ibj.com published: “Simon sues Starbucks in bid to block mass Teavana closings” on August 28, 2017. More interesting news about Simon Property Group Inc (NYSE:SPG) were released by: Seekingalpha.com and their article: “Here’s Lots Of Sun And NOI Growth” published on August 22, 2017 as well as Newsday.com‘s news article titled: “Simon Property settles with AG over ‘anticompetitive tactics'” with publication date: August 21, 2017.

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