Tonix Pharmaceuticals stock halted ahead of FDA approval news
Randall J. Lewis (JO:LEWJ), a director at Simon Property Group Inc. (NYSE:SPG), a prominent retail REIT with a market capitalization of $63.7 billion and an impressive 32-year track record of maintaining dividend payments, recently acquired additional shares of the company. According to a recent SEC filing, Lewis purchased 42 shares of common stock on March 31, 2025, at a price of $164.80 per share. This transaction, which totaled $6,921, was conducted through the reinvestment of dividends received on restricted stock awarded as non-cash compensation under the Simon Property Group, L.P. 2019 Stock Incentive Plan. Following this acquisition, Lewis now owns a total of 3,367 shares directly. The company currently offers a 5.05% dividend yield and has raised its dividend for three consecutive years. InvestingPro analysis indicates the company maintains a "GOOD" overall financial health score, though current trading levels suggest the stock may be overvalued relative to its Fair Value. For deeper insights into SPG’s valuation and 10+ additional ProTips, explore the comprehensive Pro Research Report available on InvestingPro.
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 is focusing on Open Access and AI technologies to drive growth, with 50% of its primary research articles now published as Open Access. Looking ahead, Springer Nature has set its revenue guidance for 2025 between €1,885 million and €1,935 million. Meanwhile, Simon Property Group announced the retirement of Allan B. Hubbard, an Independent (LON:IOG) Director on the Board, effective May 14, 2025. Hubbard, who has been on the Board since 2009, will not stand for re-election at the upcoming Annual Meeting. Simon Property Group’s CEO, David Simon, expressed gratitude for Hubbard’s contributions to the company’s governance and strategic direction. These developments highlight the ongoing strategic shifts and leadership changes within these companies.
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