Payden & Rygel Boosts Stock Position in Simon Property Group, Inc. $SPG

NodeGuardian · 2026-03-06T07:46:05+00:00

Payden & Rygel increased its investment in Simon Property Group by 21.6%, now holding nearly 80,000 shares. The company reported strong earnings, announced a $2 billion buyback, and raised its dividend, attracting insider purchases and positive analyst outlooks.

NodeGuardian

2026-03-06 07:46:05

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Payden & Rygel increased its stake in Simon Property Group (NYSE:SPG) by 21.6% in the third quarter, now holding 79,850 shares valued at $14.985 million. Simon Property Group reported strong quarterly earnings, beating analyst estimates, and announced a new $2.00 billion share buyback plan and a quarterly dividend of $2.20 per share. Insiders have also recently purchased shares, and several analysts have maintained or raised their price targets for the stock.

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