As Simon Property Group INC (SPG) Share Value Declined, Cbre Clarion Securities LLC Lowered Stake

February 20, 2018 - By Migdalia James

Investors sentiment increased to 0.98 in 2017 Q3. 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. Lazard Asset Ltd Liability Corp has invested 0.13% in Simon Property Group, Inc. (NYSE:SPG). State Of New Jersey Common Pension Fund D holds 0.32% or 498,405 shares in its portfolio. Bp Plc holds 0.21% or 36,000 shares in its portfolio. Rhumbline Advisers accumulated 0.22% or 629,764 shares. Pensionfund Dsm Netherlands holds 1.64% in Simon Property Group, Inc. (NYSE:SPG) or 68,108 shares. Patriot Wealth invested 1.05% of its portfolio in Simon Property Group, Inc. (NYSE:SPG). Moreover, Ig Inv Management has 0.09% invested in Simon Property Group, Inc. (NYSE:SPG). Arcadia Invest Mgmt Corporation Mi invested in 937 shares. Stock Yards State Bank & Tru Co holds 0.02% of its portfolio in Simon Property Group, Inc. (NYSE:SPG) for 1,313 shares. Moreover, Proshare Advisors Lc has 0.15% invested in Simon Property Group, Inc. (NYSE:SPG). Next Fincl Gp holds 562 shares or 0.03% of its portfolio. Nippon Life Global Investors Americas stated it has 108,350 shares or 1.49% of all its holdings. Kbc Nv has invested 0.2% of its portfolio in Simon Property Group, Inc. (NYSE:SPG). Orinda Asset Mgmt Ltd owns 3.69% invested in Simon Property Group, Inc. (NYSE:SPG) for 25,000 shares. Rafferty Asset Mgmt Limited Co accumulated 51,979 shares.

Cbre Clarion Securities Llc decreased its stake in Simon Property Group Inc. (SPG) by 1.67% based on its latest 2017Q3 regulatory filing with the SEC. Cbre Clarion Securities Llc sold 85,655 shares as the company’s stock declined 12.82% while stock markets rallied. The institutional investor held 5.05 million shares of the consumer services company at the end of 2017Q3, valued at $813.71 million, down from 5.14M at the end of the previous reported quarter. Cbre Clarion Securities Llc who had been investing in Simon Property Group Inc. for a number of months, seems to be less bullish one the $56.31 billion market cap company. The stock increased 0.75% or $1.17 during the last trading session, reaching $157.26. About 438,237 shares traded. Simon Property Group, Inc. (NYSE:SPG) has declined 18.56% since February 20, 2017 and is downtrending. It has underperformed by 35.26% the S&P500.

Cbre Clarion Securities Llc, which manages about $22.77B and $9.03B US Long portfolio, upped its stake in Kimco Realty Corp. (NYSE:KIM) by 2.72 million shares to 12.64M shares, valued at $247.18 million in 2017Q3, according to the filing. It also increased its holding in Iron Mountain Incorporated (NYSE:IRM) by 1.26M shares in the quarter, for a total of 1.42M shares, and has risen its stake in Extra Space Storage Inc. (NYSE:EXR).

More notable recent Simon Property Group, Inc. (NYSE:SPG) news were published by: Ibj.com which released: “Simon to spiff up struggling Circle Centre with long-awaited renovation” on February 19, 2018, also Nasdaq.com with their article: “Ex-Dividend Reminder: Simon Property Group, Artisan Partners Asset Management …” published on February 09, 2018, Seekingalpha.com published: “Simon Property Group: Upgrading To Conviction Buy” on February 09, 2018. More interesting news about Simon Property Group, Inc. (NYSE:SPG) were released by: Nasdaq.com and their article: “Simon Property Group, Inc. (SPG) Ex-Dividend Date Scheduled for February 13, 2018” published on February 12, 2018 as well as Benzinga.com‘s news article titled: “Jim Cramer Weighs In On HP Inc, Simon Property Group And More” with publication date: January 24, 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 had 65 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Wednesday, July 22 by Canaccord Genuity. Jefferies maintained the stock with “Buy” rating in Friday, October 27 report. The stock has “Buy” rating by BMO Capital Markets on Monday, September 11. On Tuesday, November 1 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The firm has “Buy” rating by Mizuho given on Sunday, October 29. The firm earned “Buy” rating on Thursday, February 1 by Boenning & Scattergood. The firm earned “Buy” rating on Monday, February 12 by Jefferies. The stock of Simon Property Group, Inc. (NYSE:SPG) earned “Buy” rating by Jefferies on Monday, July 24. The company was maintained on Friday, April 1 by Citigroup. Stifel Nicolaus maintained Simon Property Group, Inc. (NYSE:SPG) on Wednesday, October 28 with “Buy” rating.

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