Quantbot Technologies Lp buys $5,958,689 stake in General Growth Properties Inc (GGP)

General Growth Properties Inc (GGP) : Quantbot Technologies Lp scooped up 124,260 additional shares in General Growth Properties Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 191,721 shares of General Growth Properties Inc which is valued at $5,958,689.General Growth Properties Inc makes up approximately 0.61% of Quantbot Technologies Lp’s portfolio.

Other Hedge Funds, Including , Wedbush Securities Inc boosted its stake in GGP in the latest quarter, The investment management firm added 720 additional shares and now holds a total of 1,676,282 shares of General Growth Properties Inc which is valued at $52,098,845. General Growth Properties Inc makes up approx 8.50% of Wedbush Securities Inc’s portfolio. James Investment Research Inc added GGP to its portfolio by purchasing 87 company shares during the most recent quarter which is valued at $2,702.Nisa Investment Advisors boosted its stake in GGP in the latest quarter, The investment management firm added 9,660 additional shares and now holds a total of 61,260 shares of General Growth Properties Inc which is valued at $1,902,736. General Growth Properties Inc makes up approx 0.02% of Nisa Investment Advisors’s portfolio.Chevy Chase Trust Holdings boosted its stake in GGP in the latest quarter, The investment management firm added 6,552 additional shares and now holds a total of 497,954 shares of General Growth Properties Inc which is valued at $15,426,615. General Growth Properties Inc makes up approx 0.08% of Chevy Chase Trust Holdings’s portfolio.

General Growth Properties Inc closed down -0.08 points or -0.26% at $30.98 with 26,32,737 shares getting traded on Monday. Post opening the session at $31.08, the shares hit an intraday low of $30.91 and an intraday high of $31.345 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, General Growth Properties Inc reported $0.35 EPS for the quarter, based on the information available during the earnings call on Aug 1, 2016. Analyst had a consensus estimate of $0.35. The company had revenue of $574.60 million for the quarter, compared to analysts expectations of $589.19 million. The company’s revenue was down -.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.33 EPS.

Investors should note that on Aug 1, 2016, General Growth Properties Inc announced a cash dividend of $0.2000. The company’s management has announced Oct 12, 2016 as the ex-dividend date and fixed the record date on Oct 14, 2016. The payable date has been fixed on Oct 31, 2016.

General Growth Properties Inc. (GGP) is a self-administered and self-managed real estate investment trust (REIT). The Company is engaged in owning and operating retail properties to communities retailers employees consumers and shareholders. As of December 31 2014 the Company owned either entirely or with joint venture partners 128 retail properties. The Company’s business is conducted through GGP Operating Partnership LP (GGPOP) GGP Nimbus LP (GGPN) and GGP Limited Partnership (GGPLP or operating partnership) subsidiaries of GGP. The Operating Partnerships own an interest in the properties of GGP. As of December 31 2014 GGP held approximately a 99% common equity ownership of the Operating Partnerships. In addition the Operating Partnerships conduct their operations through General Growth Management Inc. (GGMI) General Growth Services Inc. (GGSI) and GGPLP REIT Services LLC (GGPRS).

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