Plato Investment Management Ltd Sells 6,050 Shares of Simon Property Group, Inc. $SPG

Plato Investment Management Ltd reduced its stake in Simon Property Group (SPG) by 30.5% in the fourth quarter, selling 6,050 shares and retaining a holding valued at $2.57 million. Despite this, other major institutional investors maintain significant positions, with institutions and hedge funds collectively owning 93.01% of SPG’s stock. Simon Property Group has also authorized a $2 billion share buyback program, and Wall Street analysts currently give the stock a consensus “Hold” rating with an average target price of $200.14.

SPG-1.48%
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