Duff Phelps Investment Management Co buys $55,462,526 stake in General Growth Properties Inc (GGP)

General Growth Properties Inc (GGP) : Duff Phelps Investment Management Co scooped up 338,071 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 Oct 14, 2016. The investment management firm now holds a total of 2,119,317 shares of General Growth Properties Inc which is valued at $55,462,526.General Growth Properties Inc makes up approximately 0.80% of Duff Phelps Investment Management Co’s portfolio.

Other Hedge Funds, Including , Vigilant Capital Management sold out all of its stake in GGP during the most recent quarter. The investment firm sold 115 shares of GGP which is valued $3,010.Nisa Investment Advisors boosted its stake in GGP in the latest quarter, The investment management firm added 13,323 additional shares and now holds a total of 74,583 shares of General Growth Properties Inc which is valued at $1,917,529. General Growth Properties Inc makes up approx 0.03% of Nisa Investment Advisors’s portfolio.Capstone Asset Management Co boosted its stake in GGP in the latest quarter, The investment management firm added 1,420 additional shares and now holds a total of 46,845 shares of General Growth Properties Inc which is valued at $1,204,385. General Growth Properties Inc makes up approx 0.04% of Capstone Asset Management Co’s portfolio.Cutler Group Lp boosted its stake in GGP in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 3,197 shares of General Growth Properties Inc which is valued at $83,570. General Growth Properties Inc makes up approx 0.01% of Cutler Group Lp’s portfolio.

General Growth Properties Inc opened for trading at $26.39 and hit $26.59 on the upside on Friday, eventually ending the session at $26.17, with a gain of 0.65% or 0.17 points. The heightened volatility saw the trading volume jump to 46,26,572 shares. Company has a market cap of $23,154 M.

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.

Many Wall Street Analysts have commented on General Growth Properties Inc. General Growth Properties Inc was Upgraded by Sandler O’Neill to ” Buy” on Oct 14, 2016. General Growth Properties Inc was Initiated by Hilliard Lyons to “Neutral” on Aug 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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