Security Capital Research Management Inc buys $92,155,731 stake in General Growth Properties Inc (GGP)

General Growth Properties Inc (GGP) : Security Capital Research Management Inc scooped up 1,375,132 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 12, 2016. The investment management firm now holds a total of 3,076,986 shares of General Growth Properties Inc which is valued at $92,155,731.General Growth Properties Inc makes up approximately 3.05% of Security Capital Research Management Inc’s portfolio.

Other Hedge Funds, Including , Global Endowment Management Lp boosted its stake in GGP in the latest quarter, The investment management firm added 26,200 additional shares and now holds a total of 38,100 shares of General Growth Properties Inc which is valued at $1,141,095. General Growth Properties Inc makes up approx 0.24% of Global Endowment Management Lp’s portfolio.Apg Asset Management N.v. reduced its stake in GGP by selling 307,334 shares or 56.59% in the most recent quarter. The Hedge Fund company now holds 235,725 shares of GGP which is valued at $7,059,964. General Growth Properties Inc makes up approx 0.01% of Apg Asset Management N.v.’s portfolio.Blackrock Group Ltd boosted its stake in GGP in the latest quarter, The investment management firm added 61,736 additional shares and now holds a total of 7,351,065 shares of General Growth Properties Inc which is valued at $220,164,397. General Growth Properties Inc makes up approx 0.11% of Blackrock Group Ltd’s portfolio. Nine Chapters Capital Management sold out all of its stake in GGP during the most recent quarter. The investment firm sold 16,600 shares of GGP which is valued $514,268.Signaturefd reduced its stake in GGP by selling 245 shares or 41.81% in the most recent quarter. The Hedge Fund company now holds 341 shares of GGP which is valued at $10,895.

General Growth Properties Inc opened for trading at $29.15 and hit $29.54 on the upside on Monday, eventually ending the session at $29.43, with a gain of 1.06% or 0.31 points. The heightened volatility saw the trading volume jump to 24,36,435 shares. Company has a market cap of $26,038 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.

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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