Asset Management One Co. Ltd. Has $59,884,000 Position in General Growth Properties, Inc. (GGP)

Asset Management One Co. Ltd. raised its position in shares of General Growth Properties, Inc. (NYSE:GGP) by 45.2% during the fourth quarter, Holdings Channel reports. The fund owned 2,420,456 shares of the real estate investment trust’s stock after buying an additional 753,993 shares during the period. Asset Management One Co. Ltd.’s holdings in General Growth Properties were worth $59,884,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in GGP. ING Groep NV boosted its position in shares of General Growth Properties by 55.3% in the fourth quarter. ING Groep NV now owns 33,639 shares of the real estate investment trust’s stock worth $824,000 after buying an additional 11,978 shares in the last quarter. Stevens Capital Management LP boosted its position in shares of General Growth Properties by 2.6% in the second quarter. Stevens Capital Management LP now owns 553,649 shares of the real estate investment trust’s stock worth $16,510,000 after buying an additional 14,287 shares in the last quarter. Allstate Corp purchased a new position in shares of General Growth Properties during the second quarter worth $378,000. Independent Order of Foresters boosted its position in shares of General Growth Properties by 3.0% in the second quarter. Independent Order of Foresters now owns 135,162 shares of the real estate investment trust’s stock worth $4,032,000 after buying an additional 4,000 shares in the last quarter. Finally, Advantus Capital Management Inc boosted its position in shares of General Growth Properties by 8.4% in the second quarter. Advantus Capital Management Inc now owns 1,120,995 shares of the real estate investment trust’s stock worth $33,428,000 after buying an additional 86,764 shares in the last quarter. 91.15% of the stock is currently owned by hedge funds and other institutional investors.

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

General Growth Properties, Inc. (NYSE:GGP) traded down 1.07% on Tuesday, hitting $25.03. 2,882,213 shares of the stock traded hands. General Growth Properties, Inc. has a 52 week low of $23.77 and a 52 week high of $32.10. The stock has a 50 day moving average of $25.03 and a 200 day moving average of $26.70. The firm has a market capitalization of $22.15 billion, a PE ratio of 18.68 and a beta of 0.81.

General Growth Properties (NYSE:GGP) last announced its earnings results on Monday, January 30th. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.43. General Growth Properties had a net margin of 54.91% and a return on equity of 15.52%. The business earned $610.30 million during the quarter, compared to analyst estimates of $602.50 million. During the same period in the previous year, the business posted $0.20 earnings per share. General Growth Properties’s revenue for the quarter was down 5.3% on a year-over-year basis. Equities research analysts anticipate that General Growth Properties, Inc. will post $0.59 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, April 28th. Shareholders of record on Thursday, April 13th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 3.52%. General Growth Properties’s payout ratio is presently 66.17%.

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A number of equities analysts have recently weighed in on GGP shares. BMO Capital Markets reissued a “buy” rating and set a $31.00 price target on shares of General Growth Properties in a research report on Thursday, January 12th. RBC Capital Markets reissued a “buy” rating and set a $33.00 price target on shares of General Growth Properties in a research report on Tuesday, January 3rd. Zacks Investment Research raised shares of General Growth Properties from a “sell” rating to a “hold” rating and set a $28.00 price target on the stock in a research report on Monday, January 9th. Mizuho reissued a “buy” rating on shares of General Growth Properties in a research report on Friday, December 23rd. Finally, Barclays PLC dropped their price objective on shares of General Growth Properties from $30.00 to $25.00 and set an “equal weight” rating on the stock in a report on Monday, January 23rd. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $31.75.

About General Growth Properties

GGP, Inc, formerly General Growth Properties, Inc, 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

Want to see what other hedge funds are holding GGP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Growth Properties, Inc. (NYSE:GGP).

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