Simon Property Group INC (SPG) Shares Declined While Advantus Capital Management INC Decreased by $4.73 Million Its Stake

April 17, 2018 - By Michele Cranor

Simon Property Group, Inc. (NYSE:SPG) Corporate LogoBig Money Sentiment increased to 0.99 in Q4 2017. It has change of 0.01, from 2017Q3’s 0.98. The ratio improved due to SPG positioning: 50 sold and 204 reduced. 74 funds acquired stakes and 178 increased stakes. Investors holded 297.03 million in 2017Q3 but now own 293.74 million shares or 1.11% less. Bnp Paribas Arbitrage invested in 93,981 shs. Private Advisor Gru Llc stated it has 0.02% in Simon Property Group, Inc. (NYSE:SPG). Zeke Cap Lc reported 3,872 shs. 1,341 are held by Regions Fin. Meiji Yasuda Asset Mgmt has invested 0.31% in Simon Property Group, Inc. (NYSE:SPG). Stratos Wealth Prtn Ltd, Ohio-based fund reported 1,527 shs. Ar Asset Mgmt owns 1,200 shs. Alliancebernstein Lp reported 1.12M shs stake. Gofen And Glossberg Llc Il invested 0.08% in Simon Property Group, Inc. (NYSE:SPG). Mutual Of America Cap Mgmt has invested 0.16% in Simon Property Group, Inc. (NYSE:SPG). The Massachusetts-based Fiduciary Commerce has invested 0.43% in Simon Property Group, Inc. (NYSE:SPG). Raymond James Na stated it has 0.07% of its capital in Simon Property Group, Inc. (NYSE:SPG). Janney Montgomery Scott Limited Liability Company owns 7,223 shs. Nuveen Asset Mngmt Ltd Liability, a Illinois-based fund reported 1.61M shs. Jpmorgan Chase & invested 0.21% in Simon Property Group, Inc. (NYSE:SPG).

Advantus Capital Management Inc decreased its holdings by 5.88% in Simon Property Group Inc (SPG), according to 2017Q4 Securities and Exchange form. 27,647 shares were sold by Advantus Capital Management Inc as the company’s stock declined 9.94% with the market. At the end of 2017Q4, the 442,490 shares of the consumer services company held by the institutional investor were valued at $75.99 million, down from 470,137 at the end of the previous reported quarter. $54.36B is the MC of Simon Property Group Inc. The stock increased 0.36% or $0.55 during the last trading session, reaching $152.28.Simon Property Group, Inc. has volume of 1.36M shares. Since April 17, 2017 SPG has declined 9.44% and is downtrending. The stock underperformed the S&P500 by 20.99%.

About $27.77B and $4.05B US Long portfolio the Advantus Capital Management Inc manages. According to a filing the fund upped its stake in Invitation Homes Inc by 483,200 shares to 680,800 shares, valued at $16.05 million in 2017Q4. Advantus Capital Management Inc has risen its stake in Avalonbay Communities Inc (NYSE:AVB) and also increased its holding in Host Hotels & Resorts Inc (NYSE:HST) by 521,257 shares in the quarter, for a total of 1.31M shares.

Analysts await Simon Property Group, Inc. (NYSE:SPG) to report earnings on April, 26. They expect $2.83 EPS, up 3.28 % or $0.09 from last year’s $2.74 per share. SPG’s profit will be $1.01 billion for 13.45 P/E if the $2.83 EPS becomes a reality. After $3.12 actual EPS reported by Simon Property Group, Inc. for the previous quarter, Wall Street now forecasts -9.29 % negative EPS growth.

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

Total analysts of 11 have positions in Simon Property (NYSE:SPG) as follows: 7 rated it a “Buy”, 0 with “Sell” and 4 with “Hold”. The positive are 64%. The firm has $240.0 highest while $170.0 is the lowest [Target]. The average target $186.80 is 22.67% above the last ($152.28) price. Since October 27, 2017 according to StockzIntelligence Inc Simon Property has 15 analyst reports. On Tuesday, March 27 the firm has “Hold” rating given by J.P. Morgan. In Friday, October 27 report Jefferies maintained it with “Buy” rating and $200.0 target. On Friday, October 27 the stock has “Hold” rating by SunTrust. On Monday, October 30 the company was maintained by Boenning & Scattergood. On Tuesday, January 9 the company was maintained by BMO Capital Markets. In Monday, February 12 report Jefferies maintained it with “Buy” rating and $186.0 target. The stock rating was maintained by RBC Capital Markets with “Hold” on Wednesday, November 1. On Monday, February 26 Barclays Capital maintained the shares of SPG in report with “Overweight” rating. In Wednesday, January 31 report RBC Capital Markets maintained the stock with “Hold” rating. On Tuesday, March 27 the stock of Simon Property Group, Inc. (NYSE:SPG) earned “Neutral” rating by JP Morgan.

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

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