How Many Simon Property Group, Inc. (NYSE:SPG)’s Analysts Are Bullish?

April 17, 2018 - By Mona Holcomb

Simon Property Group, Inc. (NYSE:SPG) LogoInvestors sentiment increased to 0.99 in 2017 Q4. Its up 0.01, from 0.98 in 2017Q3. It is positive, as 50 investors sold Simon Property Group, Inc. 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.
Royal National Bank & Trust Of Canada holds 0.07% in Simon Property Group, Inc. (NYSE:SPG) or 932,113 shares. Moreover, Twin Management has 0.03% invested in Simon Property Group, Inc. (NYSE:SPG). Cordasco Financial Net invested in 550 shares. Asset Mngmt One Ltd owns 1.17 million shares. Sageworth Trust holds 5 shares. Spc Financial Incorporated holds 0.06% or 1,434 shares in its portfolio. Mitsubishi Ufj Trust Banking reported 640,155 shares stake. Florida-based Transamerica Finance Advsr has invested 0% in Simon Property Group, Inc. (NYSE:SPG). First Corp In stated it has 0.12% in Simon Property Group, Inc. (NYSE:SPG). First National Tru, Pennsylvania-based fund reported 1,905 shares. Massachusetts Fincl Company Ma reported 948,744 shares. First Midwest Natl Bank Tru Division has invested 0.06% in Simon Property Group, Inc. (NYSE:SPG). Whittier Tru Of Nevada holds 0.01% of its portfolio in Simon Property Group, Inc. (NYSE:SPG) for 900 shares. Miles Capital owns 2,420 shares. Jane Street Group Inc Ltd Company holds 0.05% or 95,033 shares.

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 had 15 analyst reports since October 27, 2017 according to SRatingsIntel. The company was maintained on Thursday, February 1 by Boenning & Scattergood. BMO Capital Markets maintained it with “Buy” rating and $176.0 target in Tuesday, January 9 report. The rating was maintained by Jefferies on Monday, February 12 with “Buy”. The rating was maintained by Jefferies on Wednesday, January 31 with “Buy”. Jefferies maintained the stock with “Buy” rating in Friday, October 27 report. RBC Capital Markets maintained the stock with “Hold” rating in Wednesday, January 31 report. Mizuho maintained Simon Property Group, Inc. (NYSE:SPG) on Sunday, October 29 with “Buy” rating. SunTrust maintained the shares of SPG in report on Friday, October 27 with “Hold” rating. The stock has “Buy” rating by Boenning & Scattergood on Monday, October 30. The firm earned “Hold” rating on Tuesday, March 27 by J.P. Morgan. Below is a list of Simon Property Group, Inc. (NYSE:SPG) latest ratings and price target changes.

27/03/2018 Broker: J.P. Morgan Rating: Hold New Target: $175.0000 Downgrade
27/03/2018 Broker: JP Morgan Old Rating: Overweight New Rating: Neutral Downgrade
26/02/2018 Broker: Barclays Capital Old Rating: Overweight New Rating: Overweight Old Target: $190 New Target: $188 Maintain
12/02/2018 Broker: Jefferies Rating: Buy New Target: $186.0 Maintain
01/02/2018 Broker: Boenning & Scattergood Rating: Buy New Target: $240.0 Maintain
31/01/2018 Broker: RBC Capital Markets Rating: Hold New Target: $170.0 Maintain
31/01/2018 Broker: Jefferies Rating: Buy New Target: $190.0 Maintain
09/01/2018 Broker: BMO Capital Markets Rating: Buy New Target: $176.0 Maintain
30/11/2017 Broker: Raymond James Rating: Buy New Target: $185.0
01/11/2017 Broker: RBC Capital Markets Rating: Hold New Target: $176.0 Maintain

The stock increased 0.79% or $1.21 during the last trading session, reaching $153.49. About 581,916 shares traded. Simon Property Group, Inc. (NYSE:SPG) has declined 9.44% since April 17, 2017 and is downtrending. It has underperformed by 20.99% the S&P500.

Simon Property Group, Inc. is an equity real estate investment trust. The company has market cap of $54.79 billion. The firm invests in the real estate markets across the globe. It has a 24.6 P/E ratio. It engages in investment, ownership, management, and development of properties.

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

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