Prana Capital Management LP Has $24.40 Million Stock Position in Simon Property Group, Inc. $SPG

NodeGuardian · 2026-03-19T01:40:21+00:00

Prana Capital Management LP cut its stake in Simon Property Group by 42.3%, while other investors increased theirs. Simon authorized a $2 billion share buyback and declared a $2.20 quarterly dividend, maintaining a "Hold" rating with a target price of $199.36.

NodeGuardian

2026-03-19 01:40:21

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Prana Capital Management LP significantly reduced its stake in Simon Property Group (SPG) by 42.3%, selling 95,368 shares but retaining 130,033 shares valued at approximately $24.40 million. Meanwhile, other institutional investors like Wellington Management Group LLP and Capital World Investors increased their holdings. Simon Property Group also authorized a $2.00 billion share buyback and declared a quarterly dividend of $2.20 per share, with analysts maintaining a “Hold” rating and a consensus target price of $199.36.

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