Schwerin Boyle Capital Management Inc adds General Growth Properties Inc (GGP) to its portfolio

General Growth Properties Inc (GGP) : Schwerin Boyle Capital Management Inc added new position in General Growth Properties Inc during the most recent quarter end. The investment management firm now holds 68,580 shares of General Growth Properties Inc which is valued at $2,053,971 , the company said in a statement filed on Aug 15, 2016 with the SEC.General Growth Properties Inc makes up approximately 0.28% of Schwerin Boyle Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Caisse De Depot Et Placement Du Quebec reduced its stake in GGP by selling 159,666 shares or 64.51% in the most recent quarter. The Hedge Fund company now holds 87,834 shares of GGP which is valued at $2,630,628. General Growth Properties Inc makes up approx 0.01% of Caisse De Depot Et Placement Du Quebec’s portfolio.Hgi Capital Management reduced its stake in GGP by selling 27,098 shares or 25.68% in the most recent quarter. The Hedge Fund company now holds 78,443 shares of GGP which is valued at $2,349,368. General Growth Properties Inc makes up approx 3.70% of Hgi Capital Management’s portfolio.Pggm Investments boosted its stake in GGP in the latest quarter, The investment management firm added 1,000,000 additional shares and now holds a total of 14,742,682 shares of General Growth Properties Inc which is valued at $462,625,361. General Growth Properties Inc makes up approx 2.30% of Pggm Investments’s portfolio.Meeder Asset Management Inc reduced its stake in GGP by selling 644 shares or 3.03% in the most recent quarter. The Hedge Fund company now holds 20,630 shares of GGP which is valued at $653,352. General Growth Properties Inc makes up approx 0.06% of Meeder Asset Management Inc’s portfolio.

General Growth Properties Inc opened for trading at $29.39 and hit $29.45 on the upside on Wednesday, eventually ending the session at $29.44, with a gain of 0.07% or 0.02 points. The heightened volatility saw the trading volume jump to 2,810,686 shares. Company has a market cap of $26,047 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.

Many Wall Street Analysts have commented on General Growth Properties Inc. General Growth Properties Inc was Initiated by Hilliard Lyons to “Neutral” on Aug 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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