Duff & Phelps Investment Management Co. decreased its position in shares of General Growth Properties Inc. (NYSE:GGP) by 9.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,781,246 shares of the real estate investment trust’s stock after selling 187,650 shares during the period. Duff & Phelps Investment Management Co. owned approximately 0.20% of General Growth Properties worth $53,117,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Shinko Asset Management Co. Ltd. raised its stake in General Growth Properties by 87.8% in the second quarter. Shinko Asset Management Co. Ltd. now owns 1,364,757 shares of the real estate investment trust’s stock worth $40,697,000 after buying an additional 638,000 shares during the last quarter. Heitman Real Estate Securities LLC raised its stake in General Growth Properties by 10.1% in the first quarter. Heitman Real Estate Securities LLC now owns 6,453,892 shares of the real estate investment trust’s stock worth $191,874,000 after buying an additional 592,446 shares during the last quarter. PGGM Investments raised its stake in shares of General Growth Properties by 7.3% in the second quarter. PGGM Investments now owns 14,742,682 shares of the real estate investment trust’s stock valued at $439,627,000 after buying an additional 1,000,000 shares in the last quarter. Resolution Capital Ltd raised its stake in shares of General Growth Properties by 32.0% in the second quarter. Resolution Capital Ltd now owns 4,548,827 shares of the real estate investment trust’s stock valued at $135,646,000 after buying an additional 1,103,865 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of General Growth Properties by 31.3% in the first quarter. Envestnet Asset Management Inc. now owns 86,835 shares of the real estate investment trust’s stock valued at $2,582,000 after buying an additional 20,700 shares in the last quarter. Institutional investors own 95.01% of the company’s stock.

Institutional Ownership by Quarter for General Growth Properties (NYSE:GGP)

General Growth Properties Inc. (NYSE:GGP) traded up 0.30% during midday trading on Wednesday, hitting $26.31. 3,515,722 shares of the company traded hands. The company has a market capitalization of $23.24 billion, a price-to-earnings ratio of 36.64 and a beta of 1.02. The stock’s 50-day moving average price is $27.70 and its 200 day moving average price is $28.79. General Growth Properties Inc. has a 12-month low of $24.43 and a 12-month high of $32.10.

General Growth Properties (NYSE:GGP) last released its quarterly earnings results on Monday, August 1st. The real estate investment trust reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by $0.01. General Growth Properties had a net margin of 28.84% and a return on equity of 8.65%. The firm had revenue of $574.60 million for the quarter, compared to the consensus estimate of $577.90 million. During the same period in the previous year, the business earned $0.33 earnings per share. The firm’s revenue for the quarter was down .9% on a year-over-year basis. On average, equities analysts forecast that General Growth Properties Inc. will post $1.53 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Friday, October 14th will be given a dividend of $0.20 per share. This is a positive change from General Growth Properties’s previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date is Wednesday, October 12th. General Growth Properties’s dividend payout ratio (DPR) is presently 111.11%.

Several analysts recently issued reports on GGP shares. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $35.00 price objective on shares of General Growth Properties in a report on Wednesday, August 3rd. Sandler O’Neill upgraded General Growth Properties from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a report on Friday, October 14th. BTIG Research started coverage on General Growth Properties in a report on Thursday, August 25th. They set a “buy” rating and a $35.00 price objective for the company. Hilliard Lyons started coverage on General Growth Properties in a report on Wednesday, August 31st. They set a “neutral” rating for the company. Finally, Barclays PLC increased their price objective on General Growth Properties from $30.00 to $32.00 and gave the stock an “equal weight” rating in a report on Thursday, August 18th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. General Growth Properties presently has an average rating of “Buy” and an average target price of $32.87.

In related news, CFO Michael B. Berman sold 189,474 shares of the firm’s stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $29.15, for a total transaction of $5,523,167.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Sandeep Mathrani sold 400,000 shares of the firm’s stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $29.66, for a total transaction of $11,864,000.00. Following the transaction, the chief executive officer now directly owns 680,356 shares in the company, valued at $20,179,358.96. The disclosure for this sale can be found here. Corporate insiders own 40.70% of the company’s stock.

About General Growth Properties

General Growth Properties, Inc (GGP) is a self-administered and self-managed real estate investment trust (REIT). The Company operates through operation, development and management of retail and other rental properties segment. It is engaged in owning and operating retail properties to communities, retailers, employees, consumers and shareholders.

5 Day Chart for NYSE:GGP

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