Aew Capital Management L P significantly increased its stake in Simon Property Group (SPG) by 90.9% in Q3, now holding over 530,000 shares valued at nearly $100 million. Simon Property Group reported strong quarterly earnings, beating estimates with an EPS of $3.49 and revenue of $1.79 billion, and authorized a $2.0 billion share buyback program. The company also declared a quarterly dividend of $2.20, offering a 4.4% yield, while insider purchases and institutional ownership remain high.
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Simon Property Group, Inc. $SPG Shares Acquired by Aew Capital Management L P
Aew Capital Management L P significantly increased its stake in Simon Property Group (SPG) by 90.9% in Q3, now holding over 530,000 shares valued at nearly $100 million. Simon Property Group reported strong quarterly earnings, beating estimates with an EPS of $3.49 and revenue of $1.79 billion, and authorized a $2.0 billion share buyback program. The company also declared a quarterly dividend of $2.20, offering a 4.4% yield, while insider purchases and institutional ownership remain high.