EPS for Simon Property Group (SPG) Expected At $2.44; Covalent Partners Has Lowered Lyon William Homes (WLH) Holding By $3.67 Million

July 17, 2017 - By Winifred Garcia

Analysts expect Simon Property Group Inc (NYSE:SPG) to report $2.44 EPS on August, 1 before the open.They anticipate $0.19 EPS change or 7.22% from last quarter’s $2.63 EPS. SPG’s profit would be $774.65 million giving it 16.61 P/E if the $2.44 EPS is correct. After having $2.74 EPS previously, Simon Property Group Inc’s analysts see -10.95% EPS growth. About 610,096 shares traded. Simon Property Group Inc (NYSE:SPG) has declined 18.56% since July 17, 2016 and is downtrending. It has underperformed by 35.26% the S&P500.

Covalent Partners Llc decreased Lyon William Homes (WLH) stake by 22.32% reported in 2016Q4 SEC filing. Covalent Partners Llc sold 193,234 shares as Lyon William Homes (WLH)’s stock rose 30.37%. The Covalent Partners Llc holds 672,403 shares with $12.80M value, down from 865,637 last quarter. Lyon William Homes now has $763.90 million valuation. The stock rose 0.21% or $0.05 reaching $23.91. About 52,130 shares traded. William Lyon Homes (NYSE:WLH) has risen 65.59% since July 17, 2016 and is uptrending. It has outperformed by 48.89% the S&P500.

Among 3 analysts covering William Lyon Homes (NYSE:WLH), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. William Lyon Homes had 8 analyst reports since August 29, 2015 according to SRatingsIntel. Zacks upgraded the stock to “Sell” rating in Saturday, August 29 report. The stock of William Lyon Homes (NYSE:WLH) earned “Hold” rating by Zacks on Thursday, September 17. The stock has “Neutral” rating by Wedbush on Tuesday, February 21. The rating was upgraded by Zacks to “Hold” on Friday, September 4. The rating was downgraded by JMP Securities to “Mkt Perform” on Thursday, January 12. The rating was initiated by Wedbush with “Neutral” on Tuesday, December 6.

Analysts await William Lyon Homes (NYSE:WLH) to report earnings on August, 4. They expect $0.49 earnings per share, up 28.95% or $0.11 from last year’s $0.38 per share. WLH’s profit will be $15.65 million for 12.20 P/E if the $0.49 EPS becomes a reality. After $0.11 actual earnings per share reported by William Lyon Homes for the previous quarter, Wall Street now forecasts 345.45% EPS growth.

Among 14 analysts covering Simon Property Group (NYSE:SPG), 9 have Buy rating, 0 Sell and 5 Hold. Therefore 64% are positive. Simon Property Group had 38 analyst reports since July 21, 2015 according to SRatingsIntel. As per Tuesday, July 19, the company rating was maintained by Barclays Capital. Stifel Nicolaus maintained the shares of SPG in report on Wednesday, October 28 with “Buy” rating. Stifel Nicolaus maintained it with “Hold” rating and $170 target in Friday, July 14 report. The firm has “Outperform” rating given on Tuesday, February 2 by RBC Capital Markets. RBC Capital Markets maintained the shares of SPG in report on Tuesday, July 28 with “Outperform” rating. The rating was maintained by Canaccord Genuity on Monday, March 27 with “Buy”. As per Monday, August 17, the company rating was downgraded by Zacks. Evercore downgraded the stock to “Hold” rating in Monday, November 16 report. Evercore upgraded the shares of SPG in report on Monday, March 7 to “Buy” rating. Zacks upgraded it to “Hold” rating and $198 target in Wednesday, August 26 report.

Since March 28, 2017, it had 1 buy, and 0 sales for $232,400 activity. The insider LEIBOWITZ REUBEN S bought 1,400 shares worth $232,400.

Investors sentiment decreased to 0.88 in Q4 2016. Its down 0.12, from 1 in 2016Q3. It is negative, as 68 investors sold Simon Property Group Inc shares while 231 reduced holdings. 67 funds opened positions while 196 raised stakes. 292.32 million shares or 2.43% less from 299.60 million shares in 2016Q3 were reported. D E Shaw And Communication Inc invested in 177,992 shares. Motco holds 2,763 shares. First Allied Advisory invested 0.04% of its portfolio in Simon Property Group Inc (NYSE:SPG). owns 470,100 shares. Logan Cap Mngmt invested in 0.03% or 2,420 shares. Wolverine Asset reported 0% stake. Cambridge Invest Research Advsrs Incorporated, Iowa-based fund reported 2,455 shares. Jennison Ltd Com reported 5,083 shares or 0% of all its holdings. Lombard Odier Asset Mngmt (Europe) holds 0.3% or 4,686 shares. The New York-based Loeb Prtnrs has invested 0.54% in Simon Property Group Inc (NYSE:SPG). Teachers Ins & Annuity Association Of America accumulated 329,687 shares. Liberty Mutual Gru Asset Mgmt has invested 0.15% in Simon Property Group Inc (NYSE:SPG). Huntington National Bank has 59,942 shares for 0.19% of their portfolio. Factory Mutual Ins Company has 240,750 shares. Flow Traders Us Ltd Limited Liability Company holds 0% of its portfolio in Simon Property Group Inc (NYSE:SPG) for 4 shares.

Simon Property Group, Inc. is a self-administered and self-managed real estate investment trust . The company has market cap of $51.46 billion. The Firm owns, develops and manages retail real estate properties, which consist primarily of malls, Premium Outlets and The Mills. It has a 27.74 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.

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