Alliancebernstein L.P. Sells 14,778 Shares of Simon Property Group, Inc. $SPG

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Alliancebernstein L.P. reduced its stake in Simon Property Group, Inc. (NYSE:SPG) by 1.9% in the third quarter, selling 14,778 shares to end up with 780,562 shares valued at $146.49 million. Despite this, other institutional investors have increased their holdings, and the company’s stock shows strong market performance with a recent dividend announcement and a stock repurchase plan. Analysts maintain a “Hold” rating on SPG with an average target price of $199.36.

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