Economy

Simon Property Group, Inc. (SPG) Updates FY17 Earnings Guidance

Alpha Windward LLC increased its position in shares of Simon Property Group by 4.1% in the first quarter. Simon Property Group, Inc. The stock increased 0.53% or $0.5 during the last trading session, reaching $94.7. Simon Property Group Inc (NYSE:SPG) has declined 18.56% since August 11, 2016 and is downtrending. It has underperformed by 35.26% the S&P500.

Osterweis Capital Management Inc increased Gtt Communications Inc (GTT) stake by 89.09% reported in 2016Q4 SEC filing. Inc.'s holdings in Simon Property Group were worth $218,000 as of its most recent SEC filing. Lees Susan L sold $1.99M worth of stock or 24,444 shares. Also, it intends to spend around $1 billion each in 2017 and 2018. The stock rose 0.22% or $0.35 reaching $161.5. Also, the company's second-quarter and full-year 2017 funds from operations (FFO) per share estimates moved south over the past 30 days. (NYSE:AAP) has risen 5.52% since August 10, 2016 and is uptrending. It has underperformed by 7.03% the S&P500.

Since March 28, 2017, it had 1 insider purchase, and 0 insider sales for $232,400 activity. $2.15M worth of Advance Auto Parts, Inc. Carter William Harrison also sold $411,113 worth of Advance Auto Parts, Inc. On Monday, March 20 TAYLOR MARY ALICE sold $331,160 worth of Allstate Corp (NYSE:ALL) or 4,000 shares. Shares for $250,481 were bought by LEE EUGENE I JR.

Investors sentiment decreased to 0.88 in Q4 2016. Its up 0.03, from 1.02 in 2016Q3. It improved, as 42 investors sold DE shares while 337 reduced holdings. Hudson Valley Inv Advisors Inc Adv has invested 0.15% of its portfolio in Caterpillar Inc. (NYSE:AAP). Ci Investments holds 0.32% of its portfolio in Advance Auto Parts, Inc. (NYSE:CAT) for 5,908 shares. Princeton Alpha Mngmt Limited Partnership has 23,997 shares for 0.88% of their portfolio. (NYSE:CAT). Nuveen Asset Ltd Limited Liability Company has 0.16% invested in Caterpillar Inc. Fjarde Ap reported 80,773 shares.

Investors sentiment increased to 0.86 in Q4 2016. Norway Savings Bank raised its stake in shares of Simon Property Group by 75.3% in the first quarter. 285,748 are held by Franklin Resources. Moreover, Sabal Trust has 0.03% invested in Caterpillar Inc. (NYSE:CAT) for 801 shares.

Natixis Asset Management decreased Polaris Industries Inc. (NYSE:CAT) or 3,884 shares. Encana Corp (NYSE:ECA) was reduced too.

Among 27 analysts covering Caterpillar Inc. Sterne Agee CRT maintained Advance Auto Parts, Inc. The company now has a consensus rating of Buy and a consensus target price of $195.01. The firm earned "Sell" rating on Friday, July 21 by Berenberg. The company was maintained on Thursday, May 25 by RBC Capital Markets. The stock of Caterpillar Inc. The stock has "Neutral" rating by Credit Suisse on Friday, January 6. Wedbush maintained Advance Auto Parts, Inc. The stock of Wells Fargo & Co (NYSE:WFC) earned "Neutral" rating by Piper Jaffray on Tuesday, April 11. They now have a $185.00 price target on the stock, up previously from $175.00. The company was initiated on Wednesday, December 14 by Atlantic Securities. On Friday, January 20 the stock rating was downgraded by Suntrust Robinson to "Hold". About 1,031 shares traded. Its up 0.11, from 0.75 in 2016Q3. It is positive, as 45 investors sold ALL shares while 276 reduced holdings. 67 funds opened positions while 196 raised stakes. Aberdeen Asset Management Public Ltd Company Uk reported 2.78M shares. The stock of Simon Property Group Inc (NYSE:SPG) earned "Sector Perform" rating by RBC Capital Markets on Tuesday, November 1. Transamerica Advsr owns 0.31% invested in Simon Property Group Inc (NYSE:SPG) for 14,432 shares. Winfield Associates Inc holds 0.01% or 87 shares. 212.97 million shares or 4.33% less from 222.62 million shares in 2016Q3 were reported. State Board Of Administration Of Florida Retirement System holds 453,864 shares. Peddock Capital Advisors Lc reported 0.19% stake. The Illinois-based First Advsrs LP has invested 0.1% in Simon Property Group Inc (NYSE:SPG). Standard Life Invests accumulated 1.71 million shares. Lenox Wealth Mgmt Inc has 2,743 shares for 0.11% of their portfolio. New York-based Spirit Of America Management Corp has invested 0.72% in Simon Property Group Inc (NYSE:SPG). Simon Property Group Inc now has $49.18B valuation. On average, analysts expect that Simon Property Group, Inc. will post $6.43 EPS for the current year. Therefore 63% are positive. Simon Property Group's dividend payout ratio is 124.33%.

SPG has been the subject of a number of analyst reports. The stock has a market capitalization of $50.79 billion, a PE ratio of 29.12 and a beta of 0.58. Citigroup upgraded the stock to "Buy" rating in Friday, February 5 report. The company was maintained on Tuesday, July 19 by Barclays Capital. The rating was maintained by Pacific Crest on Friday, August 7 with "Overweight". Vetr raised Simon Property Group from a "buy" rating to a "strong-buy" rating and set a $186.15 price target for the company in a research report on Wednesday, April 26th. Boenning Scattergood set a $240.00 price objective on shares of Simon Property Group and gave the company a "buy" rating in a research report on Wednesday, August 2nd.

7/14/2017 - Simon Property Group is now covered by analysts at Stifel Nicolaus. Devon Energy Corp (NYSE:DVN) was reduced too.

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