General Growth Properties, Inc. (GGP): Sandeep Mathrani , Chief Executive Officer of General Growth Properties, Inc. sold 600,000 shares on Jun 23, 2016. The Insider selling transaction was reported by the company on Jun 27, 2016 to the Securities and Exchange Commission. The shares were sold at $28.76 per share for a total value of $1725705 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 22, 2016, Michael B Berman (Chief Financial Officer) sold 90,000 shares at $28.60 per share price.On Apr 11, 2016, Dhabi Investment Authority Abu (other) sold 936 shares at $28.82 per share price.Also, On Dec 28, 2015, Marvin J Levine (EVP, Chief Legal Officer) sold 20,000 shares at $26.88 per share price.On Dec 7, 2015, Richard Pesin (EVP, Anchor Dev & Construction) purchased 19,500 shares at $25.24 per share price.
Shares of General Growth Properties Inc (GGP) ended Friday, Jun 24, 2016 session in red amid volatile trading. The shares closed down -0.45 points or -1.55% at $28.55 with 65,77,448 shares getting traded. Post opening the session at $28.15, the shares hit an intraday low of $27.92 and an intraday high of $28.92 and the price vacillated in this range throughout the day. The company has a market cap of $25,215 M and the number of outstanding shares has been calculated to be 88,31,96,590 shares. The 52-week high of General Growth Properties Inc is $30.3 and the 52-week low is $24.22.
On May 2, 2016, General Growth Properties Inc announced a cash dividend of $0.1900. The company’s management has announced Jul 13, 2016 as the ex-dividend date and fixed the record date on Jul 15, 2016. The payable date has been fixed on Jul 29, 2016.
Company has been under the radar of several Street Analysts.General Growth Properties Inc is Initiated by Mizuho to Buy and the brokerage firm has set the Price Target at $33. The Rating was issued on Apr 14, 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).