Aew Capital Management LP Decreased Simon Property Group INC (SPG) Stake by $3.86 Million as Market Valuation Declined

March 18, 2018 - By Michael Collier

Investors sentiment increased to 0.98 in 2017 Q3. Its up 0.22, from 0.76 in 2017Q2. It is positive, 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. Stratos Wealth Prtn invested in 1,438 shares or 0.01% of the stock. State Of New Jersey Common Pension Fund D, New Jersey-based fund reported 498,405 shares. Adirondack Tru Company holds 887 shares. Btc Capital Management has 32,377 shares. Wells Fargo & Mn, California-based fund reported 735,848 shares. Advisers Limited Liability Co reported 0.03% stake. Invesco Limited holds 0.44% in Simon Property Group, Inc. (NYSE:SPG) or 7.39M shares. Fuller And Thaler Asset Inc has invested 0% in Simon Property Group, Inc. (NYSE:SPG). Johnson Investment Counsel invested in 0.03% or 5,925 shares. 122,946 are held by M&T National Bank Corp. Moreover, Oppenheimer Asset Mgmt has 0.1% invested in Simon Property Group, Inc. (NYSE:SPG) for 24,794 shares. Stock Yards Fincl Bank And Tru holds 0.02% or 1,313 shares in its portfolio. Ontario Teachers Pension Plan Board has 25,653 shares for 0.05% of their portfolio. Guardian Life Of America has invested 0.02% of its portfolio in Simon Property Group, Inc. (NYSE:SPG). Parkside Financial Bank & Tru invested in 148 shares.

Jeffrey Furber decreased its stake in Simon Property Group Inc (SPG) by 1.05% based on its latest 2017Q3 regulatory filing with the SEC. Aew Capital Management LP sold 24,000 shares as the company’s stock declined 12.82% while stock markets rallied. The hedge fund run by Jeffrey Furber held 2.27 million shares of the consumer services company at the end of 2017Q3, valued at $365.52 million, down from 2.29M at the end of the previous reported quarter. Aew Capital Management LP who had been investing in Simon Property Group Inc for a number of months, seems to be less bullish one the $56.26B market cap company. The stock increased 0.34% or $0.53 during the last trading session, reaching $157.13. About 2.09 million shares traded or 12.37% up from the average. Simon Property Group, Inc. (NYSE:SPG) has declined 18.56% since March 18, 2017 and is downtrending. It has underperformed by 35.26% the S&P500.

Analysts await Simon Property Group, Inc. (NYSE:SPG) to report earnings on April, 26. They expect $2.83 earnings per share, up 3.28 % or $0.09 from last year’s $2.74 per share. SPG’s profit will be $1.01B for 13.88 P/E if the $2.83 EPS becomes a reality. After $3.12 actual earnings per share reported by Simon Property Group, Inc. for the previous quarter, Wall Street now forecasts -9.29 % negative EPS growth.

More important recent Simon Property Group, Inc. (NYSE:SPG) news were published by: which released: “Simon among landlords that will have to deal with Toys ‘R’ Us properties” on March 16, 2018, also published article titled: “Buy Simon Property Group, Better Potential Return And Less Downside Risk Than …”, published: “Kevin Kelly’s Simon Property Group Trade” on February 28, 2018. More interesting news about Simon Property Group, Inc. (NYSE:SPG) was released by: and their article: “Simon Property Group: Solid Track Record And 4.69% Div Yield” with publication date: March 12, 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. $200.55’s average target is 27.63% above currents $157.13 stock price. Simon Property Group had 66 analyst reports since July 21, 2015 according to SRatingsIntel. Stifel Nicolaus maintained Simon Property Group, Inc. (NYSE:SPG) on Friday, July 14 with “Hold” rating. Jefferies maintained it with “Buy” rating and $200.0 target in Friday, October 27 report. RBC Capital Markets maintained Simon Property Group, Inc. (NYSE:SPG) rating on Wednesday, January 31. RBC Capital Markets has “Hold” rating and $170.0 target. The stock has “Sector Perform” rating by RBC Capital Markets on Tuesday, August 2. On Sunday, August 27 the stock rating was maintained by Stifel Nicolaus with “Hold”. The firm earned “Buy” rating on Wednesday, August 17 by Deutsche Bank. The firm has “Buy” rating by Boenning & Scattergood given on Wednesday, August 2. Suntrust Robinson downgraded Simon Property Group, Inc. (NYSE:SPG) on Friday, January 20 to “Hold” rating. The firm has “Buy” rating by Canaccord Genuity given on Monday, March 27. On Tuesday, August 8 the stock rating was maintained by Barclays Capital with “Overweight”.

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