Pensionfund Dsm Netherlands buys $2.5 Million stake in General Growth Properties Inc (GGP)

General Growth Properties Inc (GGP) : Pensionfund Dsm Netherlands scooped up 20,000 additional shares in General Growth Properties Inc during the most recent quarter end , according to a recent disclosure to the SEC on Apr 4, 2016. The investment management firm now holds a total of 85,500 shares of General Growth Properties Inc which is valued at $2.5 Million.General Growth Properties Inc makes up approximately 0.34% of Pensionfund Dsm Netherlands’s portfolio.

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On the company’s financial health, General Growth Properties Inc reported $0.43 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Feb 1, 2016. Analyst had a consensus of $0.42. The company had revenue of $644.63 million for the quarter, compared to analysts expectations of $626.92 million. The company’s revenue was down -4.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.38 EPS.

Many Wall Street Analysts have commented on General Growth Properties Inc. Mizuho Initiated General Growth Properties Inc on Apr 14, 2016 to “Buy”, Price Target of the shares are set at $33.Company shares were Reiterated by RBC Capital Mkts on Feb 3, 2016 to “Outperform”, Firm has raised the Price Target to $ 33 from a previous price target of $32 .Shares were Downgraded by Barclays on Jan 26, 2016 to ” Equal Weight” and Lowered the Price Target to $ 27 from a previous price target of $31 .

General Growth Properties Inc closed down -0.16 points or -0.55% at $28.75 with 24,78,627 shares getting traded on Monday. 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 fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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