Short Interest Worth Watching: Simon Property Group Incorporated (NYSE:SPG) Has Increase in Shorts

November 16, 2016 - By Clifton Ray   ·   0 Comments

Short Interest Worth Watching: Simon Property Group Incorporated (NYSE:SPG) Has Increase in Shorts

The stock of Simon Property Group Incorporated (NYSE:SPG) registered an increase of 3.92% in short interest. SPG’s total short interest was 5.41M shares in November as published by FINRA. Its up 3.92% from 5.21 million shares, reported previously. With 1.41M shares average volume, it will take short sellers 4 days to cover their SPG’s short positions. The short interest to Simon Property Group Incorporated’s float is 1.74%. About 351,975 shares traded hands. Simon Property Group Inc (NYSE:SPG) has declined 11.41% since April 14, 2016 and is downtrending. It has underperformed by 16.09% the S&P500.

Simon Property Group, Inc. is a self-administered and self-managed real estate investment trust . The company has a market cap of $57.00 billion. The Firm owns, develops and manages retail real estate properties, which consist primarily of malls, Premium Outlets and The Mills. It has a 31.07 P/E ratio. Simon Property Group, L.P. (Operating Partnership), is the Company’s partnership subsidiary that owns all of its real estate properties and other assets.

Insitutional Activity: The institutional sentiment increased to 1.28 in Q2 2016. Its up 0.16, from 1.12 in 2016Q1. The ratio improved, as 41 funds sold all Simon Property Group Inc shares owned while 189 reduced positions. 58 funds bought stakes while 236 increased positions. They now own 304.68 million shares or 5.25% less from 321.56 million shares in 2016Q1.
Baker Ellis Asset Management Ltd Limited Liability Company accumulated 500 shares or 0.03% of the stock. Advantus Capital Inc accumulated 3.57% or 587,859 shares. Hancock accumulated 13,337 shares or 0.12% of the stock. Burt Wealth Advsr accumulated 542 shares or 0.13% of the stock. Virtu Finance Ltd Llc holds 0.16% or 5,547 shares in its portfolio. Loring Wolcott And Coolidge Fiduciary Advsr Ltd Liability Partnership Ma holds 0.02% of its portfolio in Simon Property Group Inc (NYSE:SPG) for 4,749 shares. Principal Gp holds 1.7% of its portfolio in Simon Property Group Inc (NYSE:SPG) for 5.62 million shares. Everence Mgmt owns 9,813 shares or 0.65% of their US portfolio. Ftb Inc holds 0.03% or 873 shares in its portfolio. Lpl Llc holds 0.03% of its portfolio in Simon Property Group Inc (NYSE:SPG) for 17,596 shares. Kemper Master Retirement Tru last reported 1.31% of its portfolio in the stock. Chesley Taft & Associate Llc has invested 0.14% of its portfolio in Simon Property Group Inc (NYSE:SPG). Teachers Incorporated reported 1.38 million shares or 0.52% of all its holdings. Arizona State Retirement System accumulated 95,958 shares or 0.29% of the stock. Thrivent For Lutherans has invested 0.17% of its portfolio in Simon Property Group Inc (NYSE:SPG).

Insider Transactions: Since August 29, 2016, the stock had 0 buys, and 2 selling transactions for $1.71 million net activity. JUSTER ANDREW sold 7,000 shares worth $1.51 million. Another trade for 945 shares valued at $203,562 was made by Broadwater Steven K. on Thursday, September 1.

Simon Property Group Inc (NYSE:SPG) Ratings Coverage

Out of 11 analysts covering Simon Property Group (NYSE:SPG), 10 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 91% are positive. Simon Property Group has been the topic of 29 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The company was maintained on Tuesday, February 2 by RBC Capital Markets. The stock of Simon Property Group Inc (NYSE:SPG) has “Hold” rating given on Monday, November 16 by Evercore. On Tuesday, July 19 the stock rating was maintained by Barclays Capital with “Overweight”. Citigroup maintained the shares of SPG in a report on Friday, April 1 with “Buy” rating. The firm has “Buy” rating by Stifel Nicolaus given on Wednesday, October 28. As per Wednesday, August 26, the company rating was upgraded by Zacks. The stock of Simon Property Group Inc (NYSE:SPG) earned “Buy” rating by Deutsche Bank on Wednesday, August 17. The rating was maintained by Argus Research with “Buy” on Thursday, August 11. Argus Research maintained it with “Buy” rating and $227 target price in Friday, November 13 report. The stock of Simon Property Group Inc (NYSE:SPG) has “Buy” rating given on Wednesday, July 22 by Canaccord Genuity.

SPG Company Profile

Simon Property Group, Inc., incorporated on March 10, 1998, is a self-administered and self-managed real estate investment trust (REIT). The Firm owns, develops and manages retail real estate properties, which consist primarily of malls, Premium Outlets and The Mills. Simon Property Group, L.P. (Operating Partnership), is the Company’s partnership subsidiary that owns all of its real estate properties and other assets. The Firm owns an interest in approximately 210 income-producing properties in the United States, which consists of approximately 110 malls, 70 Premium Outlets, 15 Mills and 12 other retail properties in over 40 states and Puerto Rico. The Firm also owns The Mills at Jersey Gardens in Elizabeth, New Jersey, and University Park Village in Fort Worth, Texas.

More notable recent Simon Property Group Inc (NYSE:SPG) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Summit Hotel Properties, Simon Property Group and AFLAC” on November 10, 2016, also Wsj.com with their article: “Simon Property Group Raises Profit Outlook on Improved Occupancy, Rents” published on October 26, 2016, Nasdaq.com published: “Simon Property Group, Inc. (SPG) Ex-Dividend Date Scheduled for November 14, 2016” on November 11, 2016. More interesting news about Simon Property Group Inc (NYSE:SPG) were released by: Forbes.com and their article: “Simon Property Group is Oversold” published on October 26, 2016 as well as Prnewswire.com‘s news article titled: “Simon Property Group Sells $1.85 Billion Of Multi-Tranche Senior Notes” with publication date: November 15, 2016.

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By Clifton Ray


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