Brookfield Asset Management INC Stake in Simon Ppty Group INC New (SPG) Has Lowered as Share Value Declined

January 23, 2018 - By Winifred Garcia

Investors sentiment increased to 0.98 in Q3 2017. Its up 0.22, from 0.76 in 2017Q2. It improved, 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. Stelac Advisory Ltd Liability Corp invested in 1,385 shares or 0.07% of the stock. Piedmont Inv Ltd Liability holds 67,052 shares or 0.23% of its portfolio. Franklin Resources owns 555,387 shares or 0.04% of their US portfolio. Nelson Van Denburg And Campbell Wealth Gru Limited Liability reported 867 shares or 0.05% of all its holdings. Cornercap Investment Counsel has invested 0.13% in Simon Property Group, Inc. (NYSE:SPG). Monetary Mngmt Gp holds 105 shares or 0.01% of its portfolio. Artisan Prtn Limited Partnership stated it has 260,845 shares or 0.08% of all its holdings. First National Bank & Trust Of Omaha reported 4,185 shares. Security Cap Research & Inc holds 5.3% or 1.05M shares. The Iowa-based Cambridge Invest Rech Advisors Inc has invested 0.05% in Simon Property Group, Inc. (NYSE:SPG). Adell Harriman Carpenter owns 17,484 shares for 0.62% of their portfolio. Avalon Advisors Ltd Liability stated it has 95,028 shares or 0.49% of all its holdings. Kbc Nv reported 136,722 shares or 0.2% of all its holdings. Orrstown Finance Svcs Inc stated it has 0.66% in Simon Property Group, Inc. (NYSE:SPG). Cbre Clarion Securities Lc, a Pennsylvania-based fund reported 5.05 million shares.

Brookfield Asset Management Inc decreased its stake in Simon Ppty Group Inc New (SPG) by 3.6% based on its latest 2017Q3 regulatory filing with the SEC. Brookfield Asset Management Inc sold 112,614 shares as the company’s stock declined 12.82% while stock markets rallied. The hedge fund held 3.01M shares of the consumer services company at the end of 2017Q3, valued at $484.93M, down from 3.12 million at the end of the previous reported quarter. Brookfield Asset Management Inc who had been investing in Simon Ppty Group Inc New for a number of months, seems to be less bullish one the $59.56B market cap company. The stock increased 0.13% or $0.21 during the last trading session, reaching $166.31. About 1.81 million shares traded. Simon Property Group, Inc. (NYSE:SPG) has declined 18.56% since January 23, 2017 and is downtrending. It has underperformed by 35.26% the S&P500.

Brookfield Asset Management Inc, which manages about $13.20 billion and $21.37B US Long portfolio, upped its stake in Pattern Energy Group Inc (NASDAQ:PEGI) by 820,200 shares to 3.29 million shares, valued at $79.20M in 2017Q3, according to the filing. It also increased its holding in Mplx Lp (NYSE:MPLX) by 360,900 shares in the quarter, for a total of 1.91 million shares, and has risen its stake in Duke Realty Corp (NYSE:DRE).

Analysts await Simon Property Group, Inc. (NYSE:SPG) to report earnings on January, 30. They expect $3.11 EPS, up 6.87 % or $0.20 from last year’s $2.91 per share. SPG’s profit will be $1.11B for 13.37 P/E if the $3.11 EPS becomes a reality. After $2.89 actual EPS reported by Simon Property Group, Inc. for the previous quarter, Wall Street now forecasts 7.61 % EPS growth.

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.

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. $201.65’s average target is 21.25% above currents $166.31 stock price. Simon Property Group had 61 analyst reports since July 21, 2015 according to SRatingsIntel. Jefferies maintained Simon Property Group, Inc. (NYSE:SPG) on Monday, September 25 with “Buy” rating. CFRA upgraded Simon Property Group, Inc. (NYSE:SPG) on Thursday, October 12 to “Buy” rating. The firm has “Overweight” rating given on Tuesday, July 19 by Barclays Capital. The firm has “Buy” rating given on Tuesday, January 9 by BMO Capital Markets. Stifel Nicolaus maintained the stock with “Hold” rating in Friday, July 14 report. The firm earned “Buy” rating on Friday, April 1 by Citigroup. The rating was initiated by BMO Capital Markets with “Buy” on Monday, September 11. The stock of Simon Property Group, Inc. (NYSE:SPG) has “Hold” rating given on Thursday, August 10 by RBC Capital Markets. The firm has “Buy” rating by Zacks given on Monday, August 17. The stock has “Buy” rating by Deutsche Bank on Wednesday, August 17.

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