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Stefan M. Selig, a director at Simon Property Group Inc. (NYSE:SPG), recently acquired additional shares in the company. According to a recent SEC filing, Selig purchased 194 shares of common stock on March 31, 2025, at a price of $164.80 per share. This transaction amounted to a total value of $31,971. The company, currently trading at $168.62, offers a substantial 5.05% dividend yield and has maintained dividend payments for 32 consecutive years, with a 10.5% dividend growth in the last twelve months. The shares were acquired through the reinvestment of dividends received on restricted stock awarded to Selig as non-cash compensation under the Simon Property Group, L.P. 2019 Stock Incentive Plan. Following this transaction, Selig holds a total of 30,454 shares in the company. According to InvestingPro, SPG maintains a "GOOD" overall financial health score and appears overvalued based on its Fair Value analysis. The company boasts strong fundamentals with an 82.5% gross profit margin and has delivered a 16.58% total return over the past year.
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 has set its revenue guidance for 2025 between €1,885 million and €1,935 million, driven by its strategic investments in 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 a Board member since 2009, contributing significantly to the company’s governance and strategic direction. David Simon, CEO of Simon Property Group, expressed gratitude for Hubbard’s service and leadership. These developments highlight the ongoing strategic changes and financial performance within these companies.
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