Grs Advisors buys $30,207,570 stake in General Growth Properties Inc (GGP)

General Growth Properties Inc (GGP) : Grs Advisors scooped up 28,100 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 15, 2016. The investment management firm now holds a total of 1,008,600 shares of General Growth Properties Inc which is valued at $30,207,570.General Growth Properties Inc makes up approximately 8.16% of Grs Advisors’s portfolio.

Other Hedge Funds, Including , Cubist Systematic Strategies boosted its stake in GGP in the latest quarter, The investment management firm added 4,494 additional shares and now holds a total of 50,849 shares of General Growth Properties Inc which is valued at $1,522,928. General Growth Properties Inc makes up approx 0.08% of Cubist Systematic Strategies’s portfolio.Counsel Portfolio Services boosted its stake in GGP in the latest quarter, The investment management firm added 24,900 additional shares and now holds a total of 130,700 shares of General Growth Properties Inc which is valued at $3,914,465. General Growth Properties Inc makes up approx 0.37% of Counsel Portfolio Services’s portfolio. Bridgewater Associates Lp sold out all of its stake in GGP during the most recent quarter. The investment firm sold 27,900 shares of GGP which is valued $835,605.Great West Life Assurance Co Can boosted its stake in GGP in the latest quarter, The investment management firm added 402,870 additional shares and now holds a total of 721,256 shares of General Growth Properties Inc which is valued at $22,416,636. General Growth Properties Inc makes up approx 0.07% of Great West Life Assurance Co Can’s portfolio.Shine Investment Advisory Services Inc boosted its stake in GGP in the latest quarter, The investment management firm added 74 additional shares and now holds a total of 11,111 shares of General Growth Properties Inc which is valued at $347,774. General Growth Properties Inc makes up approx 0.39% of Shine Investment Advisory Services Inc’s portfolio.

General Growth Properties Inc closed down -0.14 points or -0.48% at $29 with 33,06,454 shares getting traded on Thursday. Post opening the session at $29.12, the shares hit an intraday low of $28.88 and an intraday high of $29.23 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.

Many Wall Street Analysts have commented on General Growth Properties Inc. 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).

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *