Northern Trust Has Lifted Its P T Telekomunikasi Indonesia (TLK) Holding by $454,636 as Valuation Declined; As Simon Prop Grp Reit Ord (SPG) Stock Price Rose, Everence Capital Management Has Decreased Position

August 12, 2018 - By William Brooks

Simon Property Group, Inc. (NYSE:SPG) Logo

Everence Capital Management Inc decreased its stake in Simon Prop Grp Reit Ord (SPG) by 50.65% based on its latest 2018Q1 regulatory filing with the SEC. Everence Capital Management Inc sold 4,200 shares as the company’s stock rose 0.26% while stock markets declined. The institutional investor held 4,093 shares of the consumer services company at the end of 2018Q1, valued at $632,000, down from 8,293 at the end of the previous reported quarter. Everence Capital Management Inc who had been investing in Simon Prop Grp Reit Ord for a number of months, seems to be less bullish one the $52.76 billion market cap company. The stock increased 0.61% or $0.9 during the last trading session, reaching $147.8. About 1.67 million shares traded. Simon Property Group, Inc. (NYSE:SPG) has declined 0.75% since August 12, 2017 and is downtrending. It has underperformed by 13.32% the S&P500.

Northern Trust Corp increased its stake in P T Telekomunikasi Indonesia (TLK) by 2.7% based on its latest 2018Q1 regulatory filing with the SEC. Northern Trust Corp bought 17,486 shares as the company’s stock declined 15.68% with the market. The institutional investor held 664,094 shares of the public utilities company at the end of 2018Q1, valued at $17.55M, up from 646,608 at the end of the previous reported quarter. Northern Trust Corp who had been investing in P T Telekomunikasi Indonesia for a number of months, seems to be bullish on the $24.40 billion market cap company. The stock decreased 1.90% or $0.46 during the last trading session, reaching $23.75. About 332,646 shares traded. Perusahaan Perseroan (NYSE:TLK) has declined 24.75% since August 12, 2017 and is downtrending. It has underperformed by 37.32% the S&P500.

Among 22 analysts covering Simon Property Group (NYSE:SPG), 15 have Buy rating, 0 Sell and 7 Hold. Therefore 68% are positive. Simon Property Group had 73 analyst reports since July 21, 2015 according to SRatingsIntel. Suntrust Robinson downgraded the shares of SPG in report on Friday, January 20 to “Hold” rating. On Friday, April 1 the stock rating was maintained by Citigroup with “Buy”. On Monday, February 12 the stock rating was maintained by Jefferies with “Buy”. On Tuesday, August 8 the stock rating was maintained by Barclays Capital with “Overweight”. Barclays Capital maintained it with “Overweight” rating and $192 target in Tuesday, July 17 report. The stock has “Buy” rating by Canaccord Genuity on Monday, March 27. RBC Capital Markets maintained Simon Property Group, Inc. (NYSE:SPG) rating on Wednesday, January 31. RBC Capital Markets has “Hold” rating and $170.0 target. SunTrust downgraded the shares of SPG in report on Friday, January 20 to “Hold” rating. The stock of Simon Property Group, Inc. (NYSE:SPG) earned “Buy” rating by Jefferies on Friday, October 27. On Tuesday, July 18 the stock rating was maintained by Barclays Capital with “Overweight”.

Everence Capital Management Inc, which manages about $871.54M and $451.96M US Long portfolio, upped its stake in Iron Mountain Ord (NYSE:IRM) by 11,450 shares to 24,707 shares, valued at $812,000 in 2018Q1, according to the filing. It also increased its holding in Aflac Ord (NYSE:AFL) by 15,144 shares in the quarter, for a total of 30,288 shares, and has risen its stake in Kraft Heinz Ord.

More important recent Simon Property Group, Inc. (NYSE:SPG) news were published by: Bizjournals.com which released: “These Bay Area malls are two of this operator’s best performers in nation” on August 03, 2018, also Seekingalpha.com published article titled: “Simon Property Group, Inc. (SPG) CEO David Simon on Q2 2018 Results – Earnings Call Transcript”, Seekingalpha.com published: “Is Realty Income Really A ‘Buy And Hold Forever’ Stock?” on August 07, 2018. More interesting news about Simon Property Group, Inc. (NYSE:SPG) was released by: Seekingalpha.com and their article: “A David (Simon) And Goliath (Amazon) Story” with publication date: July 31, 2018.

Analysts await Simon Property Group, Inc. (NYSE:SPG) to report earnings on October, 26. They expect $3.02 EPS, up 4.50% or $0.13 from last year’s $2.89 per share. SPG’s profit will be $1.08B for 12.24 P/E if the $3.02 EPS becomes a reality. After $2.98 actual EPS reported by Simon Property Group, Inc. for the previous quarter, Wall Street now forecasts 1.34% EPS growth.

Investors sentiment decreased to 0.93 in Q1 2018. Its down 0.06, from 0.99 in 2017Q4. It fall, as 59 investors sold SPG shares while 208 reduced holdings. 69 funds opened positions while 178 raised stakes. 288.17 million shares or 1.90% less from 293.74 million shares in 2017Q4 were reported. Blackrock stated it has 30.27 million shares or 0.22% of all its holdings. Bancorporation Of Nova Scotia reported 0.03% of its portfolio in Simon Property Group, Inc. (NYSE:SPG). Moreover, Livforsakringsbolaget Skandia Omsesidigt has 0% invested in Simon Property Group, Inc. (NYSE:SPG) for 4,744 shares. The Maryland-based Spc Finance has invested 0.05% in Simon Property Group, Inc. (NYSE:SPG). Mckinley Carter Wealth Incorporated reported 0.12% stake. Carnegie Asset Management Ltd Liability Corp stated it has 0.05% of its portfolio in Simon Property Group, Inc. (NYSE:SPG). Lincluden Limited accumulated 0.33% or 26,405 shares. Rampart Investment Management Company Ltd Liability Corp holds 0.05% of its portfolio in Simon Property Group, Inc. (NYSE:SPG) for 3,340 shares. First Bank Of Omaha owns 0.04% invested in Simon Property Group, Inc. (NYSE:SPG) for 4,385 shares. Alabama-based Andra Ap has invested 0.21% in Simon Property Group, Inc. (NYSE:SPG). Comerica Bank & Trust holds 0.1% in Simon Property Group, Inc. (NYSE:SPG) or 90,931 shares. United Cap Financial Advisers Limited Liability Corporation has 0.03% invested in Simon Property Group, Inc. (NYSE:SPG). Intrust Bancorp Na invested in 3,406 shares. Cleararc Cap has invested 0.28% in Simon Property Group, Inc. (NYSE:SPG). Gulf Intl Bank & Trust (Uk) Limited has 0.2% invested in Simon Property Group, Inc. (NYSE:SPG).

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

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