As Simon Ppty Group INC New (SPG) Stock Value Declined, Brookfield Asset Management INC Has Decreased Its Stake by $18.13 Million

January 23, 2018 - By Michael Collier

Investors sentiment increased to 0.98 in 2017 Q3. Its up 0.22, from 0.76 in 2017Q2. It increased, as 57 investors sold SPG shares while 202 reduced holdings. 61 funds opened positions while 194 raised stakes. 297.03 million shares or 0.55% less from 298.66 million shares in 2017Q2 were reported. Adell Harriman Carpenter holds 17,484 shares. Cwm Ltd holds 0% in Simon Property Group, Inc. (NYSE:SPG) or 486 shares. Highstreet Asset Mgmt invested 0.03% in Simon Property Group, Inc. (NYSE:SPG). D E Shaw And Comm reported 0.01% stake. Janney Montgomery Scott Limited holds 7,505 shares or 0.01% of its portfolio. Moreover, Amalgamated Commercial Bank has 0.19% invested in Simon Property Group, Inc. (NYSE:SPG) for 37,313 shares. Hutchinson Capital Ca reported 56,596 shares. Ameritas Invest owns 13,701 shares. 89,553 are owned by Honeywell Incorporated. Tru Of Virginia Va reported 0.04% in Simon Property Group, Inc. (NYSE:SPG). Reilly Llc owns 503 shares for 0.01% of their portfolio. Cohen Klingenstein Ltd Co has 3,100 shares for 0.08% of their portfolio. Paloma Prtnrs Mgmt Com stated it has 0.02% in Simon Property Group, Inc. (NYSE:SPG). Rockefeller Fincl Inc owns 1,562 shares. Bruni J V And holds 2.17% or 70,816 shares in its portfolio.

Brookfield Asset Management Inc decreased its stake in Simon Ppty Group Inc New (SPG) by 3.6% based on its latest 2017Q3 regulatory filing with the SEC. Brookfield Asset Management Inc sold 112,614 shares as the company’s stock declined 12.82% while stock markets rallied. The hedge fund held 3.01 million shares of the consumer services company at the end of 2017Q3, valued at $484.93M, down from 3.12 million at the end of the previous reported quarter. Brookfield Asset Management Inc who had been investing in Simon Ppty Group Inc New for a number of months, seems to be less bullish one the $59.56 billion market cap company. The stock increased 0.13% or $0.21 during the last trading session, reaching $166.31. About 1.81 million shares traded. Simon Property Group, Inc. (NYSE:SPG) has declined 18.56% since January 23, 2017 and is downtrending. It has underperformed by 35.26% the S&P500.

Brookfield Asset Management Inc, which manages about $13.20 billion and $21.37B US Long portfolio, upped its stake in Qts Rlty Tr Inc (NYSE:QTS) by 1.22M shares to 2.89 million shares, valued at $151.41M in 2017Q3, according to the filing. It also increased its holding in American Elec Pwr Inc (NYSE:AEP) by 196,000 shares in the quarter, for a total of 1.62 million shares, and has risen its stake in Mgm Growth Pptys Llc.

Analysts await Simon Property Group, Inc. (NYSE:SPG) to report earnings on January, 30. They expect $3.11 earnings per share, up 6.87 % or $0.20 from last year’s $2.91 per share. SPG’s profit will be $1.11 billion for 13.37 P/E if the $3.11 EPS becomes a reality. After $2.89 actual earnings per share reported by Simon Property Group, Inc. for the previous quarter, Wall Street now forecasts 7.61 % EPS growth.

Another recent and important Simon Property Group, Inc. (NYSE:SPG) news was published by Seekingalpha.com which published an article titled: “Simon Property Group: If You’re Going To Invest In Retail REITs, Size Matters” on January 02, 2018.

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

Among 19 analysts covering Simon Property Group (NYSE:SPG), 14 have Buy rating, 0 Sell and 5 Hold. Therefore 74% are positive. Simon Property Group has $266 highest and $170.0 lowest target. $201.65’s average target is 21.25% above currents $166.31 stock price. Simon Property Group had 61 analyst reports since July 21, 2015 according to SRatingsIntel. On Friday, January 20 the stock rating was downgraded by Suntrust Robinson to “Hold”. Jefferies maintained it with “Buy” rating and $19000 target in Monday, July 17 report. BTIG Research initiated it with “Buy” rating and $266 target in Thursday, August 25 report. The stock of Simon Property Group, Inc. (NYSE:SPG) has “Hold” rating given on Wednesday, November 1 by RBC Capital Markets. The stock of Simon Property Group, Inc. (NYSE:SPG) has “Outperform” rating given on Tuesday, February 2 by RBC Capital Markets. CFRA upgraded it to “Buy” rating and $180.0 target in Thursday, October 12 report. On Wednesday, August 5 the stock rating was maintained by Barclays Capital with “Overweight”. SunTrust downgraded Simon Property Group, Inc. (NYSE:SPG) on Friday, January 20 to “Hold” rating. The stock of Simon Property Group, Inc. (NYSE:SPG) earned “Buy” rating by Citigroup on Friday, April 1. Boenning & Scattergood maintained it with “Buy” rating and $24000 target in Thursday, July 20 report.

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