How Will Simon Property (NYSE:SPG) Stock React To New Rating Coverage byBMO Capital?

September 17, 2017 - By Maria Brooks

 How Will Simon Property (NYSE:SPG) Stock React To New Rating Coverage byBMO Capital?

Investors sentiment decreased to 0.88 in 2016 Q4. Its down 0.12, from 1 in 2016Q3. It turned negative, as 68 investors sold Simon Property Group Inc shares while 231 reduced holdings. 67 funds opened positions while 196 raised stakes. 292.32 million shares or 2.43% less from 299.60 million shares in 2016Q3 were reported.

Bartlett & Llc reported 307 shares or 0% of all its holdings. Dupont Capital Management Corp reported 0.32% stake. Sei Invs holds 0.54% of its portfolio in Simon Property Group Inc (NYSE:SPG) for 630,871 shares. Omers Administration Corp invested in 432,811 shares. Renaissance Tech Ltd Liability Corporation reported 0.17% stake. Commonwealth Bank Of Aus owns 260,402 shares. Teacher Retirement Sys Of Texas invested in 0.26% or 204,612 shares. Davis Selected Advisers accumulated 181,405 shares or 0.14% of the stock. Parametric Associates Lc holds 616,849 shares. Landscape Cap Management stated it has 19,139 shares. Jones Companies Lllp holds 5,101 shares. Icon Advisers Inc Co owns 4,800 shares for 0.06% of their portfolio. 16 are held by Sandy Spring National Bank. Parkside Commercial Bank & Trust holds 115 shares or 0.01% of its portfolio. Moreover, Peapack Gladstone Fin has 0% invested in Simon Property Group Inc (NYSE:SPG).

Since March 28, 2017, it had 1 insider buy, and 0 selling transactions for $232,400 activity. Another trade for 1,400 shares valued at $232,400 was made by LEIBOWITZ REUBEN S on Tuesday, March 28.

Why Has BMO Capital Given Simon Property (NYSE:SPG) a $78.0 Price Target

In analysts report shared with investors on 11 September, expert analysts at BMO Capital initiated coverage for Simon Property (NYSE:SPG) shares. The firm has decided to set a Buy rating along with a $78.0, adding -52.66 % to the target.

Investors sentiment decreased to 0.88 in 2016 Q4. Its down 0.12, from 1 in 2016Q3. It turned negative, as 68 investors sold Simon Property Group Inc shares while 231 reduced holdings. 67 funds opened positions while 196 raised stakes. 292.32 million shares or 2.43% less from 299.60 million shares in 2016Q3 were reported.

Bartlett & Llc reported 307 shares or 0% of all its holdings. Dupont Capital Management Corp reported 0.32% stake. Sei Invs holds 0.54% of its portfolio in Simon Property Group Inc (NYSE:SPG) for 630,871 shares. Omers Administration Corp invested in 432,811 shares. Renaissance Tech Ltd Liability Corporation reported 0.17% stake. Commonwealth Bank Of Aus owns 260,402 shares. Teacher Retirement Sys Of Texas invested in 0.26% or 204,612 shares. Davis Selected Advisers accumulated 181,405 shares or 0.14% of the stock. Parametric Associates Lc holds 616,849 shares. Landscape Cap Management stated it has 19,139 shares. Jones Companies Lllp holds 5,101 shares. Icon Advisers Inc Co owns 4,800 shares for 0.06% of their portfolio. 16 are held by Sandy Spring National Bank. Parkside Commercial Bank & Trust holds 115 shares or 0.01% of its portfolio. Moreover, Peapack Gladstone Fin has 0% invested in Simon Property Group Inc (NYSE:SPG).

Since March 28, 2017, it had 1 insider buy, and 0 selling transactions for $232,400 activity. Another trade for 1,400 shares valued at $232,400 was made by LEIBOWITZ REUBEN S on Tuesday, March 28.

Simon Property Group Inc (NYSE:SPG) Ratings Coverage

Among 17 analysts covering Simon Property Group (NYSE:SPG), 11 have Buy rating, 0 Sell and 6 Hold. Therefore 65% are positive. Simon Property Group has $266 highest and $170.0 lowest target. $208.29’s average target is 26.41% above currents $164.77 stock price. Simon Property Group had 51 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating by Stifel Nicolaus given on Wednesday, October 28. On Tuesday, August 22 the stock rating was maintained by Argus Research with “Buy”. The rating was maintained by RBC Capital Markets on Tuesday, November 1 with “Sector Perform”. The firm earned “Buy” rating on Tuesday, September 8 by Evercore. The stock of Simon Property Group Inc (NYSE:SPG) has “Buy” rating given on Friday, April 1 by Citigroup. The rating was maintained by Jefferies on Monday, July 17 with “Buy”. The rating was maintained by Canaccord Genuity with “Buy” on Tuesday, August 1. The stock of Simon Property Group Inc (NYSE:SPG) has “Overweight” rating given on Wednesday, August 5 by Barclays Capital. The stock of Simon Property Group Inc (NYSE:SPG) earned “Buy” rating by Goldman Sachs on Tuesday, June 20. Barclays Capital maintained the stock with “Overweight” rating in Tuesday, August 8 report.

The stock increased 0.62% or $1.02 on September 15, reaching $164.77. About 2.81 million shares traded or 84.87% up from the average. Simon Property Group Inc (NYSE:SPG) has declined 18.56% since September 17, 2016 and is downtrending. It has underperformed by 35.26% the S&P500.

Wall Street await Simon Property Group Inc (NYSE:SPG) to release earnings on October, 25. Analysts forecast EPS of $2.87, up exactly $0.17 or 6.30 % from 2014’s $2.7 EPS. The expected SPG’s profit could reach $892.16 million giving the stock 14.35 P/E in the case that $2.87 earnings per share is reported. After posting $2.47 EPS for the previous quarter, Simon Property Group Inc’s analysts now forecast 16.19 % EPS growth.

Simon Property Group, Inc. is a self-administered and self-managed real estate investment trust . The company has market cap of $51.22 billion. The Firm owns, develops and manages retail real estate properties, which consist primarily of malls, Premium Outlets and The Mills. It has a 29.33 P/E ratio. Simon Property Group, L.P. (Operating Partnership), is the Company’s partnership subsidiary that owns all of its real estate properties and other assets.

More notable recent Simon Property Group Inc (NYSE:SPG) news were published by: Nasdaq.com which released: “Simon Property (SPG) Centers Will Add Flying Tiger Outlets” on September 08, 2017, also Newsday.com with their article: “Simon Property settles with AG over ‘anticompetitive tactics'” published on August 21, 2017, Seekingalpha.com published: “Here’s Lots Of Sun And NOI Growth” on August 22, 2017. More interesting news about Simon Property Group Inc (NYSE:SPG) were released by: Fortune.com and their article: “Starbucks Is Being Sued Over Its Plans to Close Teavana Stores” published on September 01, 2017 as well as Nasdaq.com‘s news article titled: “Simon Property (SPG) Unveils Mix-Use Project at Clearfolk” with publication date: September 15, 2017.

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