Victory Capital Management Inc. Acquires 118,975 Shares of Simon Property Group, Inc. $SPG

2026-03-09 12:36:04

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Victory Capital Management Inc. increased its stake in Simon Property Group (NYSE:SPG) by 25.4%, acquiring an additional 118,975 shares and bringing its total holdings to 587,292 shares valued at approximately $110.2 million. This move comes as Simon Property Group demonstrates strong financial performance, declaring a quarterly dividend of $2.20 per share (annualized $8.80) and authorizing a $2.00 billion stock buyback program. The real estate investment trust also reported a slight EPS beat and provided optimistic FY2026 guidance, attracting further institutional investment.

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