Advantus Capital Management Inc buys $33,573,800 stake in General Growth Properties Inc (GGP)

General Growth Properties Inc (GGP) : Advantus Capital Management Inc scooped up 86,764 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 10, 2016. The investment management firm now holds a total of 1,120,995 shares of General Growth Properties Inc which is valued at $33,573,800.General Growth Properties Inc makes up approximately 0.94% of Advantus Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Mizuho Asset Managementltd. boosted its stake in GGP in the latest quarter, The investment management firm added 44,317 additional shares and now holds a total of 149,715 shares of General Growth Properties Inc which is valued at $4,483,964. General Growth Properties Inc makes up approx 0.79% of Mizuho Asset Managementltd.’s portfolio.Victory Capital Management Inc reduced its stake in GGP by selling 201 shares or 0.94% in the most recent quarter. The Hedge Fund company now holds 21,090 shares of GGP which is valued at $625,529. Cookson Peirce Co Inc sold out all of its stake in GGP during the most recent quarter. The investment firm sold 45,250 shares of GGP which is valued $1,406,370.Msi Financial Services Inc reduced its stake in GGP by selling 163 shares or 48.8% in the most recent quarter. The Hedge Fund company now holds 171 shares of GGP which is valued at $5,366.

General Growth Properties Inc closed down -0.57 points or -1.92% at $29.16 with 38,56,397 shares getting traded on Friday. Post opening the session at $29.61, the shares hit an intraday low of $29.04 and an intraday high of $29.77 and the price fluctuated in this range throughout the day.Shares ended Friday 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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