State Street Amends Simon Property Group Stake as of 12/31/23
Ticker: SPG-PJ · Form: SC 13G/A · Filed: Jan 29, 2024 · CIK: 1063761
| Field | Detail |
|---|---|
| Company | Simon Property Group Inc /De/ (SPG-PJ) |
| Form Type | SC 13G/A |
| Filed Date | Jan 29, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, real-estate, form-13g
TL;DR
**State Street updated its Simon Property Group stake, watch for changes in their reported ownership percentage.**
AI Summary
State Street Corporation, a major financial institution, filed an amended SC 13G/A on January 29, 2024, disclosing its ownership in Simon Property Group Inc. /DE/ as of December 31, 2023. This filing indicates a change in their beneficial ownership, which is important for investors as it shows how large institutional investors are positioning themselves in the stock. A decrease in ownership could signal a less bullish outlook from a significant holder.
Why It Matters
This filing updates State Street's ownership in Simon Property Group, providing transparency on institutional investor sentiment and potential shifts in their investment strategy.
Risk Assessment
Risk Level: low — This is a routine amendment filing by an institutional investor, not indicating any immediate or significant risk to the company or its shareholders.
Analyst Insight
Investors should review the full SC 13G/A filing to determine the exact change in State Street's beneficial ownership percentage in Simon Property Group Inc. /DE/ and consider if this aligns with their own investment thesis for the stock.
Key Players & Entities
- State Street Corporation (company) — the reporting person filing the SC 13G/A
- Simon Property Group Inc /DE/ (company) — the subject company in which shares are held
- December 31, 2023 (date) — the date of the event requiring the filing
- January 29, 2024 (date) — the filing date of the SC 13G/A
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amended Schedule 13G filing under the Securities Exchange Act of 1934.
Who is the reporting person in this filing?
The reporting person is State Street Corporation, with IRS Identification No. of 042456637 and CIK 0000093751.
What is the name of the issuer whose securities are being reported?
The name of the issuer is SIMON PROPERTY GROUP INC /DE/, with CIK 0001063761.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the REIT class of securities is 828806109.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 29, 2024 regarding SIMON PROPERTY GROUP INC /DE/ (SPG-PJ).