Investors sold shares of General Growth Properties Inc. (NYSE:GGP) on strength during trading on Tuesday. $12.16 million flowed into the stock on the tick-up and $33.15 million flowed out of the stock on the tick-down, for a money net flow of $20.99 million out of the stock. Of all companies tracked, General Growth Properties had the 23rd highest net out-flow for the day. General Growth Properties traded up $0.04 for the day and closed at $31.10

A number of research firms have commented on GGP. Barclays PLC lifted their price objective on shares of General Growth Properties from $29.00 to $30.00 and gave the stock an “equal weight” rating in a report on Tuesday. BMO Capital Markets reaffirmed a “buy” rating on shares of General Growth Properties in a report on Wednesday, May 4th. Zacks Investment Research downgraded shares of General Growth Properties from a “hold” rating to a “sell” rating in a report on Wednesday, July 13th. Citigroup Inc. reaffirmed a “buy” rating on shares of General Growth Properties in a report on Thursday, June 30th. Finally, Bank of America Corp. reaffirmed a “buy” rating on shares of General Growth Properties in a report on Monday, May 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have assigned a buy rating to the stock. General Growth Properties has a consensus rating of “Buy” and a consensus target price of $32.80.

The firm has a market cap of $27.45 billion and a PE ratio of 32.09. The company has a 50 day moving average of $28.94 and a 200 day moving average of $28.12.

General Growth Properties (NYSE:GGP) last announced its quarterly earnings results on Monday, May 2nd. The real estate investment trust reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. During the same quarter last year, the company earned $0.32 earnings per share. The company earned $607 million during the quarter, compared to the consensus estimate of $583.80 million. The business’s revenue was up 2.2% on a year-over-year basis. On average, equities analysts anticipate that General Growth Properties Inc. will post $1.55 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 29th. Shareholders of record on Friday, July 15th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date of this dividend is Wednesday, July 13th.

In other news, CFO Michael B. Berman sold 90,000 shares of the stock in a transaction on Tuesday, June 21st. The stock was sold at an average price of $28.60, for a total transaction of $2,574,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Alan J. Barocas sold 125,000 shares of the stock in a transaction on Tuesday, June 28th. The stock was sold at an average price of $29.28, for a total value of $3,660,000.00. The disclosure for this sale can be found here.

Other hedge funds have made changes to their positions in the company. Gulf International Bank UK Ltd boosted its stake in shares of General Growth Properties by 3.6% in the fourth quarter. Gulf International Bank UK Ltd now owns 162,349 shares of the real estate investment trust’s stock valued at $4,418,000 after buying an additional 5,700 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of General Growth Properties by 1.3% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 38,044 shares of the real estate investment trust’s stock valued at $1,035,000 after buying an additional 488 shares during the last quarter. RidgeWorth Capital Management LLC boosted its stake in shares of General Growth Properties by 5.7% in the fourth quarter. RidgeWorth Capital Management LLC now owns 2,687,500 shares of the real estate investment trust’s stock valued at $73,638,000 after buying an additional 143,750 shares during the last quarter. BOKF NA boosted its stake in shares of General Growth Properties by 4.6% in the fourth quarter. BOKF NA now owns 122,842 shares of the real estate investment trust’s stock valued at $3,342,000 after buying an additional 5,364 shares during the last quarter. Finally, Green Street Investors LLC acquired a new stake in shares of General Growth Properties during the fourth quarter valued at approximately $2,931,000.

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.

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