Large Outflow of Money Witnessed in General Growth Properties

General Growth Properties (NYSE:GGP) traded on a positive note gaining 0.15 points or 0.55% to be valued at $27.61 per share. Intraday, the shares aggregated $15.74 million in upticks but saw an exodus of $19.58 million in downticks. The net money flow was calculated to be $(-3.83) million with the final up/down ratio coming in at 0.8. The share price has seen a change of 3.1% in value during the week. Block trade of up/down ratio of 0.54 was also registered with $5.35 million in upticks and $9.94 million in downticks. The net money flow for the block exchange was disappointing at $(-4.6) Million.


Currently the company Insiders own 40.7% of General Growth Properties shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -0.06% . Institutional Investors own 93.61% of General Growth Properties shares. During last six month period, the net percent change held by insiders has seen a change of -0.06%. On the companys insider trading activities,The officer (EVP, Chief Legal Officer) of General Growth Properties, Inc., Levine Marvin J sold 20,000 shares at $26.88 on December 24, 2015. The Insider selling transaction had a total value worth of $537,600. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

General Growth Properties (NYSE:GGP) : On Monday heightened volatility was witnessed in General Growth Properties (NYSE:GGP) which led to swings in the share price. The stock opened for trading at $27.51 and hit $27.82 on the upside , eventually ending the session at $27.61, with a gain of 0.55% or 0.15 points. The heightened volatility saw the trading volume jump to 4,039,763 shares. The 52-week high of the share price is $30.3 and the company has a market cap of $24,385 million. The 52-week low of the share price is at $24.22 .

Many analysts have stated their opinion on the company shares. Mizuho Securities initiates coverage on General Growth Properties (NYSE:GGP) The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency announces the price target to $33 per share. The rating by the firm was issued on April 13, 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 Companys 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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