Metis Global Partners LLC has significantly increased its stake in Simon Property Group (NYSE:SPG) by 32.6%, purchasing an additional 21,324 shares, bringing its total holdings to 86,645 shares valued at $16.261 million. This increase comes as Simon Property Group announced a quarterly dividend of $2.20 per share, initiated a $2.0 billion share repurchase plan, and reported strong quarterly earnings exceeding analyst expectations. Several other institutional investors have also adjusted their positions in SPG, with institutional investors owning 93.01% of the stock.
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Metis Global Partners LLC Purchases 21,324 Shares of Simon Property Group, Inc. $SPG
Metis Global Partners LLC has significantly increased its stake in Simon Property Group (NYSE:SPG) by 32.6%, purchasing an additional 21,324 shares, bringing its total holdings to 86,645 shares valued at $16.261 million. This increase comes as Simon Property Group announced a quarterly dividend of $2.20 per share, initiated a $2.0 billion share repurchase plan, and reported strong quarterly earnings exceeding analyst expectations. Several other institutional investors have also adjusted their positions in SPG, with institutional investors owning 93.01% of the stock.