Lasalle Investment Management Securities LLC Stake in Simon Property Group INC (SPG) Lowered by $55.17 Million as Stock Value Declined

May 26, 2018 - By Stephen Andrade

Simon Property Group, Inc. (NYSE:SPG) LogoInvestors sentiment increased to 0.99 in Q4 2017. Its up 0.01, from 0.98 in 2017Q3. It improved, as 50 investors sold SPG shares while 204 reduced holdings. 74 funds opened positions while 178 raised stakes. 293.74 million shares or 1.11% less from 297.03 million shares in 2017Q3 were reported. Bragg Fincl Advisors Inc has invested 0.03% in Simon Property Group, Inc. (NYSE:SPG). Fort Washington Inv Advsr Oh accumulated 536,404 shares. Westwood Holdings reported 557,315 shares. Tci Wealth Advsrs invested 0% in Simon Property Group, Inc. (NYSE:SPG). Highlander Cap Lc holds 0.03% of its portfolio in Simon Property Group, Inc. (NYSE:SPG) for 230 shares. Webster Bank & Trust N A has 0.01% invested in Simon Property Group, Inc. (NYSE:SPG) for 384 shares. Commerzbank Aktiengesellschaft Fi, a Germany-based fund reported 6,911 shares. Arcadia Investment Mngmt Mi reported 1,237 shares. Wellington Shields Capital Ltd Liability holds 0.06% or 2,211 shares in its portfolio. Aviance Capital Management Ltd Liability invested in 1.2% or 98,251 shares. Moreover, Amer Ser has 0.38% invested in Simon Property Group, Inc. (NYSE:SPG) for 6,036 shares. Raymond James Trust Na holds 0.07% in Simon Property Group, Inc. (NYSE:SPG) or 6,273 shares. Parkside Bank & owns 169 shares for 0.01% of their portfolio. Bartlett And Co Ltd Com has invested 0% of its portfolio in Simon Property Group, Inc. (NYSE:SPG). 97 were reported by Plante Moran Financial Advsr Limited Liability Company.

Lasalle Investment Management Securities Llc decreased its stake in Simon Property Group Inc (SPG) by 6.88% based on its latest 2017Q4 regulatory filing with the SEC. Lasalle Investment Management Securities Llc sold 322,632 shares as the company’s stock declined 9.94% with the market. The institutional investor held 4.37M shares of the consumer services company at the end of 2017Q4, valued at $749.66 million, down from 4.69M at the end of the previous reported quarter. Lasalle Investment Management Securities Llc who had been investing in Simon Property Group Inc for a number of months, seems to be less bullish one the $56.86 billion market cap company. The stock increased 0.45% or $0.71 during the last trading session, reaching $159.49. About 981,690 shares traded. Simon Property Group, Inc. (NYSE:SPG) has declined 9.44% since May 26, 2017 and is downtrending. It has underperformed by 20.99% the S&P500.

Analysts await Simon Property Group, Inc. (NYSE:SPG) to report earnings on August, 7. They expect $2.90 earnings per share, up 17.41 % or $0.43 from last year’s $2.47 per share. SPG’s profit will be $1.03B for 13.75 P/E if the $2.90 EPS becomes a reality. After $2.87 actual earnings per share reported by Simon Property Group, Inc. for the previous quarter, Wall Street now forecasts 1.05 % EPS growth.

Another recent and important Simon Property Group, Inc. (NYSE:SPG) news was published by Prnewswire.com which published an article titled: “Simon® Celebrates Members of Armed Forces with Year-Round Military Appreciation Programming” on May 24, 2018.

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

Among 9 analysts covering Simon Property (NYSE:SPG), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Simon Property had 11 analyst reports since November 30, 2017 according to SRatingsIntel. Wells Fargo maintained it with “Outperform” rating and $175 target in Tuesday, May 1 report. Boenning & Scattergood maintained Simon Property Group, Inc. (NYSE:SPG) on Monday, April 30 with “Buy” rating. BMO Capital Markets maintained the stock with “Buy” rating in Tuesday, January 9 report. On Thursday, February 1 the stock rating was maintained by Boenning & Scattergood with “Buy”. The company was maintained on Wednesday, January 31 by Jefferies. JP Morgan downgraded Simon Property Group, Inc. (NYSE:SPG) on Tuesday, March 27 to “Neutral” rating. The company was maintained on Monday, February 26 by Barclays Capital. The company was downgraded on Tuesday, March 27 by J.P. Morgan. The stock has “Hold” rating by RBC Capital Markets on Wednesday, January 31. Jefferies maintained Simon Property Group, Inc. (NYSE:SPG) rating on Monday, February 12. Jefferies has “Buy” rating and $186.0 target.

Simon Property Group, Inc. (NYSE:SPG) Institutional Positions Chart

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