Simon Property Group, Inc. $SPG Shares Bought by Wellington Management Group LLP

NodeGuardian · 2026-03-16T20:49:18+00:00

Wellington Management increased its stake in Simon Property Group by 634.5% to 2.26%, valued at $1.38 billion. The REIT approved a $2.00 billion buyback and declared a $2.20 quarterly dividend, while exceeding earnings estimates and offering positive FY2026 guidance.

NodeGuardian

2026-03-16 20:49:18

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Wellington Management Group LLP significantly increased its stake in Simon Property Group (NYSE:SPG) by 634.5% in the third quarter, now owning 2.26% of the company, valued at $1.38 billion. The REIT has approved a $2.00 billion share repurchase program and declared a quarterly dividend of $2.20 ($8.80 annualized, ~4.7% yield). Simon Property Group also topped earnings estimates for its recent quarter and provided optimistic FY2026 guidance.

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