General Growth Properties, Inc. (GGP) Files Form 4 Insider Selling : Dhabi Investment Authority Abu Sells 936 Shares

General Growth Properties, Inc. (GGP): Dhabi Investment Authority Abu , other of General Growth Properties, Inc. sold 936 shares on Apr 7, 2016. The Insider selling transaction was disclosed on Apr 11, 2016 to the Securities and Exchange Commission. The shares were sold at $28.82 per share for a total value of $26,963.33.

Company has been under the radar of several Street Analysts.General Growth Properties Inc is Reiterated by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 33 from a previous price target of $32 .The Rating was issued on Feb 3, 2016.General Growth Properties Inc is Downgraded by Barclays to Equal Weight while Lowering the Price Target of the company shares to $ 27 from a previous price target of $31 . Earlier the firm had a rating of Overweight on the company shares. The Rating was issued on Jan 26, 2016.

Currently the company Insiders own 40.9% of General Growth Properties Inc shares according to the proxy statements.Institutional Investors own 95.45% of General Growth Properties Inc shares.During last six month period, the net percent change held by insiders has seen a change of -0.45%.

Shares of General Growth Properties Inc (GGP) ended Monday, Apr 11, 2016 session in red amid volatile trading. The shares closed down -0.16 points or -0.55% at $28.75 with 24,78,627 shares getting traded. Post opening the session at $28.97, the shares hit an intraday low of $28.75 and an intraday high of $29.16 and the price vacillated in this range throughout the day. The company has a market cap of $25,372 M and the number of outstanding shares has been calculated to be 88,25,05,170 shares. The 52-week high of General Growth Properties Inc is $30.3 and the 52-week low is $24.22.

General Growth Properties Inc Money Flow Index Chart

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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