Simon Property Group, Inc. (SPG) files 8-K

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

Simon Property Group, Inc. (SPG) revealed 8-K form on Wednesday, May 08 accessible here.

ITEM 5.02                                  Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

At the Annual Meeting of Shareholders of Simon Property Group, Inc. (the “Company”) held on May 8, 2019 (the “2019 Annual Meeting”), the Company’s shareholders approved the Simon Property Group, L.P. 2019 Stock Incentive Plan (the “2019 Plan”), which had previously been approved by the Company’s Board of Directors (the “Board of Directors”), subject to shareholder approval.

The purpose of the 2019 Plan is to provide for certain key personnel an equity-based incentive to maintain and enhance the performance and profitability of Simon Property Group, L.P. and the Company. The Compensation Committee of the Company’s Board of Directors will administer the 2019 Plan and will designate the eligible award recipients under the 2019 Plan.

Under the 2019 Plan, the Company may grant stock options, stock appreciation rights, restricted stock awards, restricted stock unit awards, common stock awards, and performance awards, including LTIP Units. Subject to the terms and conditions of the 2019 Plan, the number of shares authorized for grants under the 2019 Plan is 8,000,000, reduced by one share for every one share or unit of limited partnership interests of Simon Property Group, L.P. that become subject to awards granted under the 2019 Plan.

This summary is qualified in its entirety by reference to the 2019 Plan, filed as Exhibit 10.1 attached hereto and incorporated by reference herein.

Proposal 5 — Shareholder Proposal: a proposal requesting disclosure of political contributions by the Company.

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

The stock decreased 0.02% or $0.04 during the last trading session, reaching $173.99. About 479,577 shares traded. Simon Property Group, Inc. (NYSE:SPG) has risen 13.15% since May 8, 2018 and is uptrending. It has outperformed by 8.78% the S&P500.

Simon is a global leader in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 firm . The company has market cap of $61.90 billion.

Investors sentiment increased to 1.1 in Q4 2018. Its up 0.06, from 1.04 in 2018Q3. It is positive, as 43 investors sold Simon Property Group, Inc. shares while 205 reduced holdings. 74 funds opened positions while 200 raised stakes. 297.42 million shares or 4.40% more from 284.88 million shares in 2018Q3 were reported.
Fincl Architects holds 104 shares or 0% of its portfolio. Hsbc Holdings Public Ltd Com owns 723,670 shares. Yhb Advsrs reported 12,326 shares. Ingalls & Snyder Ltd holds 27,207 shares or 0.24% of its portfolio. Geode Mngmt Limited Liability reported 0.24% in Simon Property Group, Inc. (NYSE:SPG). Fdx Incorporated owns 7,652 shares. Hrt Fincl Ltd Liability Company has 0.04% invested in Simon Property Group, Inc. (NYSE:SPG) for 1,660 shares. Parkside Natl Bank And Trust stated it has 0.01% of its portfolio in Simon Property Group, Inc. (NYSE:SPG). 25 are owned by Csat Inv Advisory Limited Partnership. Lowe Brockenbrough & Communications holds 0.04% of its portfolio in Simon Property Group, Inc. (NYSE:SPG) for 1,300 shares. United Kingdom-based Marshall Wace Ltd Liability Partnership has invested 0.01% in Simon Property Group, Inc. (NYSE:SPG). Bamco Ny owns 460 shares. Ontario Teachers Pension Plan Board holds 0.01% or 2,018 shares in its portfolio. Miles Capital has 0.23% invested in Simon Property Group, Inc. (NYSE:SPG). Aqr Cap Mgmt Ltd Llc has invested 0.12% in Simon Property Group, Inc. (NYSE:SPG).

Simon Property Group, Inc. (NYSE:SPG) Ratings Coverage

Among 4 analysts covering Simon Property (NYSE:SPG), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. Simon Property has $21900 highest and $18000 lowest target. $194.50’s average target is 11.79% above currents $173.99 stock price. Simon Property had 7 analyst reports since November 26, 2018 according to SRatingsIntel. On Monday, February 25 the stock rating was downgraded by Mizuho to “Hold”. The company was downgraded on Friday, February 15 by Mizuho. RBC Capital Markets maintained Simon Property Group, Inc. (NYSE:SPG) rating on Friday, March 1. RBC Capital Markets has “Hold” rating and $186 target.

More notable recent Simon Property Group, Inc. (NYSE:SPG) news were published by: Fool.com which released: “Better Buy: Realty Income vs. Simon Property Group – The Motley Fool” on April 27, 2019, also Investorplace.com with their article: “7 Companies That Are Closing the CEO-Worker Wage Gap – Investorplace.com” published on April 18, 2019, Mining.com published: “BHP hit by $5 billion lawsuit over 2015 dam failure in Brazil – MINING.com” on May 07, 2019. More interesting news about Simon Property Group, Inc. (NYSE:SPG) were released by: Seekingalpha.com and their article: “High Conviction Pick For 2019: Simon Property Group Is The Perfect Package – Seeking Alpha” published on January 28, 2019 as well as Seekingalpha.com‘s news article titled: “Simon launches online premium outlet platform – Seeking Alpha” with publication date: March 26, 2019.

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

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