Simon Ppty Group INC New (SPG) Market Valuation Declined While Resolution Capital LTD Has Lowered Position by $57.05 Million

June 20, 2017 - By Nellie Frank

Investors sentiment decreased to 0.88 in 2016 Q4. Its down 0.12, from 1 in 2016Q3. It fall, 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. Stock Yards Fincl Bank holds 1,353 shares or 0.03% of its portfolio. Jnba Advisors stated it has 0.01% in Simon Property Group Inc (NYSE:SPG). 575,002 were accumulated by Research Glob Investors. Vanguard Grp holds 0.44% or 44.56 million shares. Moreover, Jane Street Grp Ltd Llc has 0.05% invested in Simon Property Group Inc (NYSE:SPG) for 60,837 shares. Cbre Clarion Secs Ltd Liability Corp invested 9.24% in Simon Property Group Inc (NYSE:SPG). Kistler invested in 0.04% or 497 shares. Loring Wolcott & Coolidge Fiduciary Advsr Limited Liability Partnership Ma holds 0.02% or 4,749 shares. Old Mutual Glob (Uk) reported 49,452 shares. Quantbot Technologies Ltd Partnership holds 0.25% or 12,836 shares in its portfolio. Scotia Incorporated stated it has 0.03% of its portfolio in Simon Property Group Inc (NYSE:SPG). Bluecrest Mngmt Ltd reported 9,666 shares or 0.09% of all its holdings. Continental Advisors Ltd Liability reported 4,000 shares or 0.19% of all its holdings. Advisor Prns Lc holds 4,804 shares or 0.26% of its portfolio. Sterling Limited Liability Com invested in 0.07% or 43,587 shares.

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

Resolution Capital Ltd decreased its stake in Simon Ppty Group Inc New (SPG) by 30.22% based on its latest 2016Q4 regulatory filing with the SEC. Resolution Capital Ltd sold 322,331 shares as the company’s stock declined 12.82% while stock markets rallied. The institutional investor held 744,241 shares of the consumer services company at the end of 2016Q4, valued at $132.23 million, down from 1.07M at the end of the previous reported quarter. Resolution Capital Ltd who had been investing in Simon Ppty Group Inc New for a number of months, seems to be less bullish one the $49.10B market cap company. The stock declined 0.28% or $0.44 reaching $158.53 per share. About 613,747 shares traded. Simon Property Group Inc (NYSE:SPG) has declined 18.56% since June 20, 2016 and is downtrending. It has underperformed by 35.26% the S&P500.

Resolution Capital Ltd, which manages about $2.93 billion and $1.71 billion US Long portfolio, upped its stake in Equity Comwlth (NYSE:EQC) by 545,949 shares to 2.21 million shares, valued at $66.84M in 2016Q4, according to the filing. It also increased its holding in Washington Real Estate Invt (NYSE:WRE) by 1.16M shares in the quarter, for a total of 1.77 million shares, and has risen its stake in Kilroy Rlty Corp (NYSE:KRC).

Investors wait Simon Property Group Inc (NYSE:SPG) to report on July, 26. its quarterly earnings Wall Street analysts expect $2.82 earnings per share, up $0.19 or 7.22 % from last year’s $2.63 same quarter earnings. This translates into $873.36M profit for SPG giving the stock a 14.05 P/E. This is assuming the current $2.82 EPS is accurate. Simon Property Group Inc’s Wall Street analysts see 2.92 % EPS growth, taking into account the $2.74 EPS reproted in the previous quarter,

More notable recent Simon Property Group Inc (NYSE:SPG) news were published by: Zacks.com which released: “Simon Property (SPG) Plans to Invest $1B in its Portfolio” on May 23, 2017, also Prnewswire.com with their article: “Simon Property Group Sells $1.35 Billion Of Senior Notes” published on May 22, 2017, Nasdaq.com published: “Simon Property Group a Top 25 Dividend Giant With 4.53% Yield (SPG)” on June 02, 2017. More interesting news about Simon Property Group Inc (NYSE:SPG) were released by: Seekingalpha.com and their article: “Simon Property Group: Retail Carnage Creates Opportunity” published on June 20, 2017 as well as Seekingalpha.com‘s news article titled: “The Best Dividend Growth Stock Available Today” with publication date: June 01, 2017.

Simon Property Group Inc (NYSE:SPG) Ratings Coverage

Among 14 analysts covering Simon Property Group (NYSE:SPG), 10 have Buy rating, 0 Sell and 4 Hold. Therefore 71% are positive. Simon Property Group had 36 analyst reports since July 21, 2015 according to SRatingsIntel. On Wednesday, October 28 the stock rating was maintained by Stifel Nicolaus with “Buy”. The firm has “Buy” rating given on Friday, April 1 by Citigroup. The company was maintained on Thursday, August 11 by Argus Research. As per Monday, November 16, the company rating was downgraded by Evercore. On Tuesday, August 2 the stock rating was downgraded by RBC Capital Markets to “Sector Perform”. Evercore upgraded Simon Property Group Inc (NYSE:SPG) on Monday, March 7 to “Buy” rating. The firm has “Overweight” rating given on Tuesday, July 19 by Barclays Capital. The firm earned “Buy” rating on Friday, November 13 by Argus Research. The rating was downgraded by Zacks to “Buy” on Monday, August 17. The rating was maintained by RBC Capital Markets on Tuesday, November 1 with “Sector Perform”.

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