Trump announces trade deal with EU following months of negotiations
Reuben S. Leibowitz, a director at Simon Property Group Inc. (NYSE:SPG), has acquired additional shares in the company. According to a recent SEC filing, Leibowitz purchased 482 shares of common stock at a price of $164.80 per share, totaling approximately $79,433. The purchase comes as Simon Property Group, with a market capitalization of $63.25 billion, maintains a robust dividend yield of 5.05%. InvestingPro analysis shows the company has maintained dividend payments for an impressive 32 consecutive years. This acquisition was made 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 transaction, Leibowitz holds a direct ownership of 56,401 shares. Additionally, he has indirect holdings through his spouse, the Leibowitz Foundation, and the Maxsim Charitable Remainder Trust. According to InvestingPro, the company maintains a "GOOD" financial health score, though current analysis suggests the stock may be trading above its Fair Value. For deeper insights into SPG’s valuation and 8 additional exclusive ProTips, visit InvestingPro’s comprehensive research report.
In other recent news, Springer Nature reported a 5% increase in revenue for the first quarter of 2025, reaching €1,847 million. The company also saw a 7% rise in adjusted operating profit, highlighting strong performance in its Research segment, which contributes 77% of its revenue. Looking forward, Springer Nature has set its revenue guidance for 2025 between €1,885 million and €1,935 million. The company continues to invest in Open Access and AI technologies to drive future growth. Meanwhile, Simon Property Group announced the upcoming retirement of Allan B. Hubbard, an Independent (LON:IOG) Director on its Board, effective May 14, 2025. Hubbard has been a board member since 2009 and has contributed significantly to the company’s corporate governance and strategic direction. David Simon, CEO of Simon Property Group, expressed gratitude for Hubbard’s leadership and service.
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