As Simon Ppty Group New (SPG) Valuation Declined, Green Street Investors Increased Its Stake; As Pattern Energy Group (PEGI) Valuation Rose, Carlyle Group LP Has Trimmed by $14.05 Million Its Position

February 18, 2018 - By Dolores Ford

Carlyle Group Lp decreased its stake in Pattern Energy Group Inc (PEGI) by 7.08% based on its latest 2017Q3 regulatory filing with the SEC. Carlyle Group Lp sold 585,300 shares as the company’s stock rose 6.85% with the market. The institutional investor held 7.68M shares of the central company at the end of 2017Q3, valued at $185.02M, down from 8.26 million at the end of the previous reported quarter. Carlyle Group Lp who had been investing in Pattern Energy Group Inc for a number of months, seems to be less bullish one the $1.89 billion market cap company. The stock increased 0.89% or $0.17 during the last trading session, reaching $19.28. About 729,185 shares traded. Pattern Energy Group Inc. (NASDAQ:PEGI) has risen 6.74% since February 18, 2017 and is uptrending. It has underperformed by 9.96% the S&P500.

Green Street Investors Llc increased its stake in Simon Ppty Group Inc New (SPG) by 5.98% based on its latest 2017Q3 regulatory filing with the SEC. Green Street Investors Llc bought 6,200 shares as the company’s stock declined 12.82% while stock markets rallied. The institutional investor held 109,900 shares of the consumer services company at the end of 2017Q3, valued at $17.70M, up from 103,700 at the end of the previous reported quarter. Green Street Investors Llc who had been investing in Simon Ppty Group Inc New for a number of months, seems to be bullish on the $55.89B market cap company. The stock decreased 0.04% or $0.06 during the last trading session, reaching $156.09. About 1.91 million shares traded. Simon Property Group, Inc. (NYSE:SPG) has declined 18.56% since February 18, 2017 and is downtrending. It has underperformed by 35.26% the S&P500.

Among 19 analysts covering Simon Property Group (NYSE:SPG), 14 have Buy rating, 0 Sell and 5 Hold. Therefore 74% are positive. Simon Property Group had 65 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Simon Property Group, Inc. (NYSE:SPG) has “Hold” rating given on Monday, November 16 by Evercore. The rating was maintained by Stifel Nicolaus on Friday, July 14 with “Hold”. The firm has “Hold” rating by RBC Capital Markets given on Thursday, August 10. The stock has “Buy” rating by Deutsche Bank on Wednesday, August 17. The rating was maintained by SunTrust with “Hold” on Friday, October 27. The stock of Simon Property Group, Inc. (NYSE:SPG) earned “Buy” rating by Jefferies on Friday, June 16. As per Friday, April 1, the company rating was maintained by Citigroup. Jefferies maintained Simon Property Group, Inc. (NYSE:SPG) on Wednesday, August 23 with “Buy” rating. The stock of Simon Property Group, Inc. (NYSE:SPG) earned “Buy” rating by Goldman Sachs on Tuesday, June 20. The rating was maintained by Evercore with “Buy” on Tuesday, September 8.

Investors sentiment increased to 0.98 in Q3 2017. Its up 0.22, from 0.76 in 2017Q2. It is positive, as 57 investors sold SPG shares while 202 reduced holdings. 61 funds opened positions while 194 raised stakes. 297.03 million shares or 0.55% less from 298.66 million shares in 2017Q2 were reported. Apg Asset Mngmt Nv invested in 81,745 shares or 0.02% of the stock. Smithfield Tru Co holds 0.01% in Simon Property Group, Inc. (NYSE:SPG) or 448 shares. Logan Capital stated it has 0.03% in Simon Property Group, Inc. (NYSE:SPG). Private Trust Na has 0.05% invested in Simon Property Group, Inc. (NYSE:SPG). Howe And Rusling holds 0% of its portfolio in Simon Property Group, Inc. (NYSE:SPG) for 10 shares. Aviva Public Ltd Liability Com reported 0.72% in Simon Property Group, Inc. (NYSE:SPG). 745 are owned by Cornerstone Advsrs. Waterfront Capital Ltd Co, a New York-based fund reported 21,327 shares. Echo Street Management Ltd Llc stated it has 0.36% of its portfolio in Simon Property Group, Inc. (NYSE:SPG). Raymond James Associates has 123,138 shares for 0.04% of their portfolio. Moreover, Orinda Asset Mgmt Lc has 3.69% invested in Simon Property Group, Inc. (NYSE:SPG). Qs Investors Ltd owns 25,527 shares or 0.03% of their US portfolio. 7,450 are owned by Glenmede Na. Checchi Cap Advisers Ltd Liability Corp, a California-based fund reported 1,863 shares. Winslow Asset Management holds 1.56% or 49,898 shares.

Carlyle Group Lp, which manages about $1.58B US Long portfolio, upped its stake in Usa Compression Partners Lp (NYSE:USAC) by 420,625 shares to 24.93M shares, valued at $416.89M in 2017Q3, according to the filing.

Analysts await Pattern Energy Group Inc. (NASDAQ:PEGI) to report earnings on March, 7. They expect $0.08 EPS, up 60.00% or $0.03 from last year’s $0.05 per share. PEGI’s profit will be $7.84M for 60.25 P/E if the $0.08 EPS becomes a reality. After $-0.26 actual EPS reported by Pattern Energy Group Inc. for the previous quarter, Wall Street now forecasts -130.77% EPS growth.

Since August 14, 2017, it had 0 buys, and 5 insider sales for $161,535 activity. 500 shares were sold by Shugart Christopher M., worth $12,550. 4,100 shares were sold by Elkort Daniel M., worth $98,716.

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