Daiwa Securities Group buys $539,423,330 stake in General Growth Properties Inc (GGP)

General Growth Properties Inc (GGP) : Daiwa Securities Group scooped up 5,789,692 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 Jul 25, 2016. The investment management firm now holds a total of 17,190,036 shares of General Growth Properties Inc which is valued at $539,423,330.General Growth Properties Inc makes up approximately 3.23% of Daiwa Securities Group’s portfolio.

Other Hedge Funds, Including , Financial Architects Inc boosted its stake in GGP in the latest quarter, The investment management firm added 550 additional shares and now holds a total of 2,658 shares of General Growth Properties Inc which is valued at $83,408. General Growth Properties Inc makes up approx 0.02% of Financial Architects Inc’s portfolio.1st Global Advisors reduced its stake in GGP by selling 416 shares or 1.22% in the most recent quarter. The Hedge Fund company now holds 33,704 shares of GGP which is valued at $1,067,406. General Growth Properties Inc makes up approx 0.14% of 1st Global Advisors’s portfolio.First Manhattan Co reduced its stake in GGP by selling 1,350 shares or 0.86% in the most recent quarter. The Hedge Fund company now holds 155,380 shares of GGP which is valued at $4,826,103. General Growth Properties Inc makes up approx 0.03% of First Manhattan Co’s portfolio.Cutler Group Lp boosted its stake in GGP in the latest quarter, The investment management firm added 955 additional shares and now holds a total of 3,097 shares of General Growth Properties Inc which is valued at $96,503. General Growth Properties Inc makes up approx 0.01% of Cutler Group Lp’s portfolio.Exxonmobil Investment Management Inc Tx boosted its stake in GGP in the latest quarter, The investment management firm added 9,090 additional shares and now holds a total of 150,886 shares of General Growth Properties Inc which is valued at $4,674,448. General Growth Properties Inc makes up approx 0.10% of Exxonmobil Investment Management Inc Tx’s portfolio.

General Growth Properties Inc opened for trading at $31.7 and hit $32.06 on the upside on Friday, eventually ending the session at $31.95, with a gain of 0.92% or 0.29 points. The heightened volatility saw the trading volume jump to 28,03,640 shares. Company has a market cap of $28,218 M.

On the company’s financial health, General Growth Properties Inc reported $0.40 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on May 2, 2016. Analyst had a consensus of $0.35. The company had revenue of $607.00 million for the quarter, compared to analysts expectations of $588.71 million. The company’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 EPS.

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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