Economy

Simon Property Group (SPG) Given Daily News Impact Score of 0.18

The brokerage now has a buy rating on the real estate investment trust's stock. Channing Capital Management Llc owns 1.57 million shares or 1.89% of their U.S. portfolio. The other 17 are split, though not evenly, between analysts who think you should buy its stock versus those who think you should sell it. Zeke Capital Advisors LLC now owns 5,092 shares of the real estate investment trust's stock worth $820,000 after buying an additional 3,332 shares during the period. Keybank National Association Oh has invested 0.01% in Simon Property Group Inc (NYSE:SPG). BMO Capital Markets set a $175.00 target price on shares of Simon Property Group and gave the company a buy rating in a research note on Friday, October 27th. During the same quarter in the prior year, the business posted $2.70 earnings per share. sell-side analysts expect that Simon Property Group will post 11.21 EPS for the current year. Vanguard Group Inc. now owns 45,741,576 shares of the real estate investment trust's stock valued at $7,399,158,000 after buying an additional 259,901 shares during the last quarter. Massachusetts Fincl Ma invested 0.05% of its portfolio in Simon Property Group Inc (NYSE:SPG). Bank of New York Mellon Corp now owns 6,628,178 shares of the real estate investment trust's stock valued at $1,067,204,000 after buying an additional 789,384 shares during the last quarter. Capital World Investors raised its position in shares of Simon Property Group by 25.4% in the second quarter. Presima Inc. now owns 503,800 shares of the real estate investment trust's stock worth $81,117,000 after buying an additional 132,215 shares during the period.

Institutional ownership refers to the ownership stake in a company that is held by large financial organizations, pension funds or endowments.

SPG has been the topic of several research reports. Boenning Scattergood set a $240.00 price target on shares of Simon Property Group and gave the stock a buy rating in a research note on Wednesday, August 2nd. Zacks Investment Research upgraded Essex Property Trust from a "hold" rating to a "buy" rating and set a $289.00 price objective on the stock in a report on Tuesday, July 18th. Stifel Nicolaus assumed coverage on Essex Property Trust in a report on Friday, September 1st. There are brokerage firms with lower targets than the average, including one setting a price target of $18. Jefferies maintained Simon Property Group Inc (NYSE:SPG) on Friday, October 27 with "Buy" rating. A 4 analysts rate it as either a buy or a strong buy, while0 believe that investors should either steer clear of MDXG or, if they already own its stock, sell it. $41.36's average target is -18.33% below currents $50.64 stock price. Simon Ppty Group Inc New Com now has $51.60B valuation. "(ESS) Acquired by AEW Capital Management L P" was originally reported by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are viewing this report on another website, it was illegally stolen and reposted in violation of USA and worldwide copyright & trademark law. The legal version of this report can be accessed at https://stocknewstimes.com/2017/11/10/simon-property-group-spg-given-daily-news-impact-score-of-0-18.html. On a Monthly basis the stock is 6.97%.

The company P/E (price to earnings) ratio is 28.48 and Forward P/E ratio is 23.57. Moreover, Kayne Anderson Rudnick Investment Management Llc has 1.31% invested in the company for 4.28 million shares. The sale was disclosed in a filing with the SEC, which is accessible through this link. Cullinan owns 27,242 shares. The shares were sold at an average price of $263.37, for a total value of $649,470.42. The portion of a company's profit allocated to each outstanding share of common stock was $0.19 a share in the trailing twelve months. The disclosure for this sale can be found here. Its opening price on the last trading day was $157.03. Corporate insiders own 3.30% of the company's stock. Nomura Holdg holds 77,037 shares. (NYSE ESS) traded down $0.90 during midday trading on Friday, hitting $256.21. The company has market cap of $2.73 billion. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 5.57. During the last 52 weeks, the price has been as high as $189.25 and as low as $150.15. The business's quarterly revenue was up 3.4% on a year-over-year basis.

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. RBC Capital Markets maintained it with "Hold" rating and $176.0 target in Wednesday, November 1 report. It last reported revenues of $218.41 million and EPS of $0.12 for the September 2017, representing 7% top-line growth and 0.07 EPS growth. Boston Private Wealth Limited Liability Corp stated it has 0.01% in Simon Property Group Inc (NYSE:SPG). The Company owns, develops and manages retail real estate properties, which consist primarily of malls, Premium Outlets and The Mills.



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