Fannie Mae, Freddie Mac shares tumble after conservatorship comments
Larry C. Glasscock, a director at Simon Property Group Inc. (NYSE:SPG), a prominent player in the Retail REITs industry with a market capitalization of $63.3 billion, recently acquired 361 shares of the company’s common stock. The transaction, which took place on March 31, 2025, was valued at approximately $59,492, with a purchase price of $164.80 per share. This acquisition was part of a dividend reinvestment plan, as noted in the footnotes of the SEC filing. Following this transaction, Glasscock now holds a total of 41,438 shares in the company. The stock currently offers a 5.05% dividend yield and has maintained dividend payments for 32 consecutive years, according to InvestingPro data. With strong financial health metrics and 8+ additional exclusive insights available on InvestingPro, investors can access comprehensive analysis of SPG’s market position and growth potential.
In other recent news, Springer Nature reported a 5% increase in revenue for the first quarter of 2025, reaching €1,847 million, with a 7% growth in adjusted operating profit. The company has set its revenue guidance for the full year 2025 between €1,885 million and €1,935 million, driven by its focus on Open Access and AI technologies. Meanwhile, Simon Property Group announced the upcoming retirement of Allan B. Hubbard, an Independent (LON:IOG) Director on the Board, effective May 2025. Hubbard has been with the company since 2009 and has played a significant role in corporate governance and strategic direction. David Simon, CEO of Simon Property Group, expressed gratitude for Hubbard’s leadership and contributions. These developments highlight significant changes and financial performances for both Springer Nature and Simon Property Group.
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