Could Simon Property Group Inc Lose Strenght? Option Traders Don’t Think So

 Could Simon Property Group Inc Lose Strenght? Option Traders Don't Think So

In today’s session Simon Property Group Inc (SPG) registered an unusually high (1,376) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious SPG increase. With 1,376 contracts traded and 374 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: SPG161118C00185000 closed last at: $3 or 49.6% down. Simon Property Group Inc (NYSE:SPG) has declined 11.63% since March 29, 2016 and is downtrending. It has underperformed by 15.10% the S&P500.

Simon Property Group Inc (NYSE:SPG) Ratings Coverage

Out of 11 analysts covering Simon Property Group (NYSE:SPG), 10 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 91% are positive. $266 is the highest target while $198 is the lowest. The $232.14 average target is 26.94% above today’s ($182.88) stock price. Simon Property Group has been the topic of 28 analyst reports since July 21, 2015 according to StockzIntelligence Inc. BTIG Research initiated the stock with “Buy” rating in Thursday, August 25 report. Barclays Capital maintained the shares of SPG in a report on Tuesday, July 19 with “Overweight” rating. The stock of Simon Property Group Inc (NYSE:SPG) has “Outperform” rating given on Tuesday, February 2 by RBC Capital Markets. RBC Capital Markets maintained the shares of SPG in a report on Tuesday, July 28 with “Outperform” rating. The stock of Simon Property Group Inc (NYSE:SPG) has “Buy” rating given on Monday, August 17 by Zacks. The stock of Simon Property Group Inc (NYSE:SPG) earned “Hold” rating by Evercore on Monday, November 16. The stock of Simon Property Group Inc (NYSE:SPG) earned “Buy” rating by Stifel Nicolaus on Wednesday, October 28. The rating was initiated by Canaccord Genuity with “Buy” on Wednesday, July 22. Evercore maintained the shares of SPG in a report on Tuesday, September 8 with “Buy” rating. Argus Research maintained it with “Buy” rating and $245 target price in Thursday, August 11 report.

According to Zacks Investment Research, “Simon Property Group, Inc. is a self-administered and self-managed real estate investment trust which, through its subsidiary partnerships, is engaged in the ownership, development, management, leasing, acquisition and expansion of income-producing properties, primarily regional malls and community shopping centers. (Company Press Release)”

Insitutional Activity: The institutional sentiment increased to 1.28 in Q2 2016. Its up 0.16, from 1.12 in 2016Q1. The ratio improved, as 41 funds sold all Simon Property Group Inc shares owned while 189 reduced positions. 58 funds bought stakes while 236 increased positions. They now own 304.68 million shares or 5.25% less from 321.56 million shares in 2016Q1.
Blackrock Fund Advsr last reported 7.33M shares in the company. Decatur Cap Management Incorporated accumulated 1.85% or 63,075 shares. Courier Capital last reported 1,810 shares in the company. Hudson Canyon Inv Counselors Ltd Com accumulated 6,071 shares or 1.5% of the stock. First Natl Trust accumulated 0.15% or 4,397 shares. Smithfield holds 0.02% or 416 shares in its portfolio. Mizuho Asset Mngmt Coltd has 1.66% invested in the company for 42,541 shares. Walter Keenan Consulting Mi Adv accumulated 0.41% or 3,395 shares. Kanaly Trust Company has 82 shares for 0% of their US portfolio. Ameriprise, a Minnesota-based fund reported 1.90M shares. Parametric Associate Ltd Limited Liability Company last reported 0.2% of its portfolio in the stock. Mcf Advisors Limited Liability Company has invested 0% of its portfolio in Simon Property Group Inc (NYSE:SPG). Pennsylvania Co has 7,674 shares for 0.14% of their US portfolio. Century Companies Incorporated has invested 0.36% of its portfolio in Simon Property Group Inc (NYSE:SPG). Stifel Financial Corp holds 0.24% or 240,304 shares in its portfolio.

Insider Transactions: Since August 29, 2016, the stock had 0 insider purchases, and 2 selling transactions for $1.71 million net activity. Shares for $1.51M were sold by JUSTER ANDREW. Broadwater Steven K. also sold $203,562 worth of Simon Property Group Inc (NYSE:SPG) on Thursday, September 1.

Simon Property Group, Inc. is a self-administered and self-managed real estate investment trust . The company has a market cap of $57.47 billion. The Firm owns, develops and manages retail real estate properties, which consist primarily of malls, Premium Outlets and The Mills. It has a 32.47 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.

SPG Company Profile

Simon Property Group, Inc., incorporated on March 10, 1998, is a self-administered and self-managed real estate investment trust (REIT). The Firm owns, develops and manages retail real estate properties, which consist primarily of malls, Premium Outlets and The Mills. Simon Property Group, L.P. (Operating Partnership), is the Company’s partnership subsidiary that owns all of its real estate properties and other assets. The Firm owns an interest in approximately 210 income-producing properties in the United States, which consists of approximately 110 malls, 70 Premium Outlets, 15 Mills and 12 other retail properties in over 40 states and Puerto Rico. The Firm also owns The Mills at Jersey Gardens in Elizabeth, New Jersey, and University Park Village in Fort Worth, Texas.

More important recent Simon Property Group Inc (NYSE:SPG) news were published by: Wsj.com which released: “Simon Property Group Raises Profit Outlook on Improved Occupancy, Rents” on October 26, 2016, also Ibj.com published article titled: “Simon Property Group names new top lawyer”, Forbes.com published: “Simon Property Group Enters Oversold Territory” on October 04, 2016. More interesting news about Simon Property Group Inc (NYSE:SPG) was released by: Prnewswire.com and their article: “Simon Property Group Announces Industry Veteran James M. Barkley To Be …” with publication date: October 17, 2016.

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