Simon Ppty Group INC New (SPG) Shareholder Nuveen Asset Management LLC Has Trimmed Its Stake by $36.99 Million as Valuation Declined

April 26, 2018 - By Winifred Garcia

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 increased, 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. Bruni J V Company Company invested in 2.15% or 74,008 shares. Trust Of Vermont reported 4,218 shares or 0.07% of all its holdings. Metropolitan Life Ny holds 0.18% or 77,427 shares. Moreover, Payden & Rygel has 0.04% invested in Simon Property Group, Inc. (NYSE:SPG). 247,984 were accumulated by Voloridge Investment Mngmt Lc. Illinois-based Nuveen Asset Mngmt Ltd Llc has invested 1.77% in Simon Property Group, Inc. (NYSE:SPG). Moody Bancorporation Division stated it has 0.03% of its portfolio in Simon Property Group, Inc. (NYSE:SPG). 29.12M were reported by Blackrock Inc. Athena Advsr Limited Liability has 17.56% invested in Simon Property Group, Inc. (NYSE:SPG) for 410,770 shares. Vanguard Group Inc Inc invested in 45.53M shares. 138,189 were reported by Robeco Institutional Asset Mngmt Bv. Fjarde Ap invested in 89,214 shares or 0.23% of the stock. Sentry Invs Corp holds 222,745 shares or 0.49% of its portfolio. Rockefeller Fincl Incorporated stated it has 0% of its portfolio in Simon Property Group, Inc. (NYSE:SPG). Highstreet Asset Management Incorporated reported 0.04% of its portfolio in Simon Property Group, Inc. (NYSE:SPG).

Nuveen Asset Management Llc decreased its stake in Simon Ppty Group Inc New (SPG) by 11.86% based on its latest 2017Q4 regulatory filing with the SEC. Nuveen Asset Management Llc sold 216,293 shares as the company’s stock declined 9.94% with the market. The institutional investor held 1.61 million shares of the consumer services company at the end of 2017Q4, valued at $275.96M, down from 1.82 million at the end of the previous reported quarter. Nuveen Asset Management Llc who had been investing in Simon Ppty Group Inc New for a number of months, seems to be less bullish one the $52.38 billion market cap company. The stock decreased 0.72% or $1.06 during the last trading session, reaching $146.74. About 1.90M shares traded or 2.77% up from the average. Simon Property Group, Inc. (NYSE:SPG) has declined 9.44% since April 26, 2017 and is downtrending. It has underperformed by 20.99% the S&P500.

Nuveen Asset Management Llc, which manages about $15.61B US Long portfolio, upped its stake in Flagstar Bancorp Inc (NYSE:FBC) by 198,953 shares to 1.05M shares, valued at $39.17M in 2017Q4, according to the filing. It also increased its holding in Amkor Technology Inc (NASDAQ:AMKR) by 496,264 shares in the quarter, for a total of 2.58 million shares, and has risen its stake in Lowes Cos Inc (NYSE:LOW).

Analysts await Simon Property Group, Inc. (NYSE:SPG) to report earnings on April, 27 before the open. 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 12.96 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.

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

Among 11 analysts covering Simon Property (NYSE:SPG), 7 have Buy rating, 0 Sell and 4 Hold. Therefore 64% are positive. Simon Property has $240.0 highest and $170.0 lowest target. $186.80’s average target is 27.30% above currents $146.74 stock price. Simon Property had 15 analyst reports since October 27, 2017 according to SRatingsIntel. The stock of Simon Property Group, Inc. (NYSE:SPG) earned “Hold” rating by RBC Capital Markets on Wednesday, November 1. On Wednesday, January 31 the stock rating was maintained by RBC Capital Markets with “Hold”. The rating was maintained by Boenning & Scattergood on Monday, October 30 with “Buy”. The firm has “Neutral” rating by JP Morgan given on Tuesday, March 27. The firm earned “Buy” rating on Monday, February 12 by Jefferies. The firm earned “Buy” rating on Tuesday, January 9 by BMO Capital Markets. The rating was maintained by Mizuho on Sunday, October 29 with “Buy”. The rating was maintained by Jefferies on Wednesday, January 31 with “Buy”. The rating was maintained by Barclays Capital with “Overweight” on Monday, February 26. The firm has “Buy” rating given on Thursday, February 1 by Boenning & Scattergood.

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

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