Cohen & Steers Reduces $105M in Simon Property Group, Inc. ($SPG)
Key Points
- Cohen & Steers changed its Simon Property Group, Inc. ($SPG) stake by 7.6% last quarter, cutting to 5,882,007 shares worth $1.27 billion.
- Wall Street's consensus rating on $SPG is Buy and an average price target of $214.55.
- $SPG last traded around $216.51.
Cohen & Steers trimmed its position in Simon Property Group, Inc. ($SPG) by 7.6% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,882,007 shares of Simon Property Group, Inc. after selling 484,256 shares during the quarter. Cohen & Steers's holdings in Simon Property Group, Inc. were worth $1.27 billion as of its most recent filing.
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About Simon Property Group, Inc.
Simon Property Group, Inc. is a self-administered and self-managed real estate investment trust (REIT). Simon Property Group, L.P., or the Operating Partnership, is our majority-owned partnership subsidiary that owns all of our real estate properties and other assets. In this package, the terms Simon, we, our, or the Company refer to Simon Property Group, Inc., the Operating Partnership, and its subsidiaries. We own, develop and manage premier shopping, dining, entertainment and mixed-use destinations, which consist primarily of malls, Premium Outlets, The Mills, and International Properties. At December 31, 2024, we owned or had an interest in 229 properties comprising 183 million square feet in North America, Asia and Europe. We also owned an 88% interest in The Taubman Realty Group, or TRG, which owns 22 regional, super-regional, and outlet malls in the U.S. and Asia. Additionally, at December 31, 2024, we had a 22.4% ownership interest in Klepierre, a publicly traded, Paris-based real estate company, which owns shopping centers in 14 European countries. Simon Property Group, Inc. was incorporated in 1960 and is based in Indianapolis, Indiana.
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