Simon Property Group, Inc. (SPG) EPS Estimated At $3.11

January 21, 2018 - By Marie Mckinney

 Simon Property Group, Inc. (SPG) EPS Estimated At $3.11
Investors sentiment increased to 0.98 in 2017 Q3. Its up 0.22, from 0.76 in 2017Q2. It improved, as 57 investors sold Simon Property Group, Inc. 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.
71,667 were accumulated by New Mexico Educational Retirement Board. Mckinley Carter Wealth Serv holds 1,546 shares. Benjamin F Edwards & accumulated 17 shares or 0% of the stock. 1,434 were reported by Spc. Thrivent For Lutherans has 173,140 shares for 0.1% of their portfolio. First Bank & Trust Of Omaha has 0.04% invested in Simon Property Group, Inc. (NYSE:SPG) for 4,185 shares. Moreover, Gemmer Asset Mngmt has 0.01% invested in Simon Property Group, Inc. (NYSE:SPG). Finemark Commercial Bank And Tru stated it has 0.03% in Simon Property Group, Inc. (NYSE:SPG). States Steel Carnegie Pension Fund holds 148,547 shares or 1.09% of its portfolio. Athena Capital Advisors Limited Liability Com accumulated 411,036 shares or 17.04% of the stock. Apg Asset Mngmt Us accumulated 10.09% or 7.49 million shares. Commonwealth Bank & Trust Of has invested 0.84% of its portfolio in Simon Property Group, Inc. (NYSE:SPG). 17,484 are held by Adell Harriman And Carpenter Inc. Checchi Cap Advisers Ltd Company invested in 0.03% or 1,863 shares. Davis Selected Advisers accumulated 233,037 shares.

Analysts expect Simon Property Group, Inc. (NYSE:SPG) to report $3.11 EPS on January, 30.They anticipate $0.20 EPS change or 6.87 % from last quarter’s $2.91 EPS. SPG’s profit would be $1.11 billion giving it 13.20 P/E if the $3.11 EPS is correct. After having $2.89 EPS previously, Simon Property Group, Inc.’s analysts see 7.61 % EPS growth. The stock decreased 0.01% or $0.01 during the last trading session, reaching $164.24. About 1.81M shares traded. Simon Property Group, Inc. (NYSE:SPG) has declined 18.56% since January 21, 2017 and is downtrending. It has underperformed by 35.26% the S&P500.

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 61 analyst reports since July 21, 2015 according to SRatingsIntel. Zacks downgraded the stock to “Buy” rating in Monday, August 17 report. The rating was maintained by Barclays Capital on Tuesday, July 19 with “Overweight”. Jefferies maintained the stock with “Buy” rating in Wednesday, August 23 report. As per Friday, January 20, the company rating was downgraded by SunTrust. The firm has “Hold” rating given on Friday, January 20 by Suntrust Robinson. On Tuesday, November 1 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. Goldman Sachs upgraded the stock to “Buy” rating in Tuesday, June 20 report. Evercore maintained the stock with “Buy” rating in Tuesday, September 8 report. As per Tuesday, February 2, the company rating was maintained by RBC Capital Markets. Canaccord Genuity initiated the shares of SPG in report on Wednesday, July 22 with “Buy” rating.

Simon Property Group, Inc. is an equity real estate investment trust. The company has market cap of $58.82 billion. The firm invests in the real estate markets across the globe. It has a 29.01 P/E ratio. It engages in investment, ownership, management, and development of properties.

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.

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