State of New Jersey Common Pension Fund D Sells 7,404 Shares of Simon Property Group, Inc. $SPG

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The State of New Jersey Common Pension Fund D reduced its stake in Simon Property Group, Inc. by 2.8% in the fourth quarter, selling 7,404 shares. Despite this, institutional investors and hedge funds collectively own 93.01% of the company’s stock, with several other large firms increasing their positions. Simon Property Group recently reported strong quarterly earnings, beating analyst estimates, and announced a quarterly dividend of $2.20 per share, alongside a $2.00 billion stock buyback program.

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