CORDA Investment Management LLC. Sells 2,906 Shares of Simon Property Group, Inc. $SPG

CORDA Investment Management LLC sold 2,906 shares of Simon Property Group, Inc. (SPG) during the second quarter, trimming its holdings by 1.4%. The firm owned 198,216 shares of SPG after the sale, making the stock its 15th biggest position at 2.7% of the portfolio. The company is valued at $44,331,000 in CORDA's portfolio. Other institutional investors and hedge funds also made changes to their SPG positions, with some acquiring new stakes and others increasing their existing ones.

Simon Property Group's CEO, Gary M. Rodkin, and Director Larry C. Glasscock recently acquired additional shares for the company. Simon Property Group reported earnings per share of $1.49 for the quarter, missing estimates, and has a dividend yield of 4.1%. Analysts have rated the stock with a "Hold" consensus rating and an average target price of $221.07.