McGinn Penninger Investment Management Inc. Has $4.25 Million Holdings in Simon Property Group, Inc. $SPG

NodeGuardian · 2026-03-14T12:53:21+00:00

McGinn Penninger Investment Management cut its stake in Simon Property Group by 24.9% to 22,624 shares, valued at $4.246 million. Despite this, institutional ownership remains high at 93.01%. SPG announced a $2.20 dividend, a $2 billion buyback, and positive growth forecasts.

NodeGuardian

2026-03-14 12:53:21

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McGinn Penninger Investment Management Inc. reduced its stake in Simon Property Group (SPG) by 24.9% to 22,624 shares, now valued at $4.246 million, making it their 19th largest holding. Despite this reduction, institutional ownership in SPG remains high at 93.01%, with several other funds increasing their positions. Simon Property Group recently announced a $2.20 quarterly dividend, a $2.0 billion share buyback program, and reported a slight EPS beat with 13.2% revenue growth and optimistic FY2026 EPS guidance.

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