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Allan B. Hubbard, a director at Simon Property Group Inc. (NYSE:SPG), has recently acquired additional shares of the company. According to a filing with the Securities and Exchange Commission, Hubbard purchased 395 shares of common stock on March 31, 2025, at a price of $164.80 per share. The total value of this transaction amounts to $65,096. This insider purchase comes as Simon Property Group, with a market capitalization of $63.25 billion, trades near $168 per share. InvestingPro analysis indicates the stock is currently trading above its Fair Value.
The shares were acquired through the reinvestment of dividends received on restricted stock, which was awarded as non-cash compensation under the Simon Property Group, L.P. 2019 Stock Incentive Plan. Following this transaction, Hubbard now holds a total of 35,077 shares directly. This move reflects ongoing confidence in the company’s performance and future prospects, supported by Simon Property Group’s impressive 32-year streak of maintaining dividend payments, with a current yield of 5.05%. InvestingPro subscribers can access 8 additional key insights about SPG’s financial health, which is rated as GOOD by InvestingPro’s comprehensive scoring system.
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% rise in adjusted operating profit. The company attributed this growth to its strategic focus on Open Access and AI technologies. Springer Nature projects its revenue for 2025 to be between €1,885 million and €1,935 million. Meanwhile, Simon Property Group announced the upcoming retirement of Allan B. Hubbard, a long-serving Independent (LON:IOG) Director, effective in May 2025. Hubbard has been a board member since 2009 and has contributed significantly to the company’s governance and strategic direction. David Simon, CEO of Simon Property Group, expressed gratitude for Hubbard’s leadership and service. These developments highlight significant changes and expectations for both companies in the near term.
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