Brookfield Asset Management INC Has Decreased Simon Ppty Group INC New (SPG) Holding by $18.13 Million

February 15, 2018 - By Marie Mckinney

Investors sentiment increased to 0.98 in 2017 Q3. Its up 0.22, from 0.76 in 2017Q2. It improved, 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. Panagora Asset Management has invested 0.12% in Simon Property Group, Inc. (NYSE:SPG). Stratos Wealth Prtnrs Ltd has invested 0.01% in Simon Property Group, Inc. (NYSE:SPG). Commonwealth Comml Bank Of Australia invested in 538,964 shares or 0.84% of the stock. Hemenway Tru Lc has invested 0.07% in Simon Property Group, Inc. (NYSE:SPG). Alpha Cubed Limited has invested 0.08% in Simon Property Group, Inc. (NYSE:SPG). Loomis Sayles Lp holds 0% of its portfolio in Simon Property Group, Inc. (NYSE:SPG) for 16 shares. Aviva Public Limited Liability reported 0.72% of its portfolio in Simon Property Group, Inc. (NYSE:SPG). Adelante Llc, California-based fund reported 1.07 million shares. Gam Ag holds 9,000 shares or 0.06% of its portfolio. Commonwealth Of Pennsylvania School Empls Retrmt Sys invested 0.06% of its portfolio in Simon Property Group, Inc. (NYSE:SPG). Moreover, Liberty Mutual Group Asset Mngmt has 0.12% invested in Simon Property Group, Inc. (NYSE:SPG). 32,863 were accumulated by Dnb Asset Mngmt As. Exxonmobil Mngmt Tx reported 0.23% stake. First Corporation In holds 1,196 shares. Gofen & Glossberg Ltd Liability Com Il invested in 13,114 shares or 0.08% of the stock.

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 3.01M 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 $55.89 billion market cap company. The stock increased 1.30% or $2.01 during the last trading session, reaching $156.1. About 1.00M shares traded. Simon Property Group, Inc. (NYSE:SPG) has declined 18.56% since February 15, 2017 and is downtrending. It has underperformed by 35.26% the S&P500.

Brookfield Asset Management Inc, which manages about $13.20B and $21.37B US Long portfolio, upped its stake in General Growth Properties by 68.29 million shares to 326.52 million shares, valued at $6.78B in 2017Q3, according to the filing. It also increased its holding in Western Gas Partners Lp (NYSE:WES) by 165,400 shares in the quarter, for a total of 585,008 shares, and has risen its stake in Energy Transfer Partners Lp.

More notable recent Simon Property Group, Inc. (NYSE:SPG) news were published by: Benzinga.com which released: “Jim Cramer Weighs In On HP Inc, Simon Property Group And More” on January 24, 2018, also Seekingalpha.com with their article: “Simon Property Group: Upgrading To Conviction Buy” published on February 09, 2018, Indystar.com published: “More than 300 Hoosiers will lose their jobs when Carson’s stores close” on February 08, 2018. More interesting news about Simon Property Group, Inc. (NYSE:SPG) were released by: Seekingalpha.com and their article: “Simon Property Group (SPG) CEO David Simon on Q4 2017 Results – Earnings Call …” published on January 31, 2018 as well as Nasdaq.com‘s news article titled: “Ex-Dividend Reminder: Simon Property Group, Artisan Partners Asset Management …” with publication date: February 09, 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 had 65 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Simon Property Group, Inc. (NYSE:SPG) has “Buy” rating given on Thursday, August 25 by BTIG Research. The firm has “Buy” rating by Jefferies given on Monday, September 25. The stock has “Hold” rating by Evercore on Monday, November 16. Citigroup maintained Simon Property Group, Inc. (NYSE:SPG) rating on Friday, April 1. Citigroup has “Buy” rating and $235 target. The company was maintained on Sunday, August 27 by Stifel Nicolaus. Argus Research maintained Simon Property Group, Inc. (NYSE:SPG) on Tuesday, October 31 with “Buy” rating. Boenning & Scattergood maintained Simon Property Group, Inc. (NYSE:SPG) rating on Thursday, February 1. Boenning & Scattergood has “Buy” rating and $240.0 target. The firm earned “Hold” rating on Friday, January 20 by SunTrust. The firm earned “Buy” rating on Monday, March 7 by Evercore. The stock has “Buy” rating by BMO Capital Markets on Tuesday, January 9.

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