Virginia Retirement Systems ET AL purchased a new stake in Rouse Properties Inc (NYSE:RSE) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 72,100 shares of the company’s stock, valued at approximately $1,316,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Magnetar Financial LLC purchased a new position in Rouse Properties during the first quarter valued at about $23,703,000. Norges Bank bought a new stake in Rouse Properties during the fourth quarter worth approximately $9,005,000. OMERS ADMINISTRATION Corp bought a new stake in Rouse Properties during the first quarter worth approximately $8,530,000. Vanguard Group Inc. boosted its stake in Rouse Properties by 3.6% in the second quarter. Vanguard Group Inc. now owns 5,884,874 shares of the company’s stock worth $107,399,000 after buying an additional 202,600 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Rouse Properties by 28,929.0% in the second quarter. JPMorgan Chase & Co. now owns 193,043 shares of the company’s stock worth $3,524,000 after buying an additional 192,378 shares in the last quarter.
Shares of Rouse Properties Inc (NYSE:RSE) opened at 18.27 on Thursday. The firm has a 50-day moving average price of $18.30 and a 200 day moving average price of $17.62. Rouse Properties Inc has a 12-month low of $12.79 and a 12-month high of $18.73.
Separately, Canaccord Genuity reiterated a “hold” rating on shares of Rouse Properties in a research report on Wednesday, June 29th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $18.33.
In other news, insider Retail Holdings Iv- Brookfield sold 19,387,625 shares of the stock in a transaction on Tuesday, July 5th. The stock was sold at an average price of $18.25, for a total value of $353,824,156.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Brookfield Asset Management In purchased 38,499,817 shares of the firm’s stock in a transaction dated Wednesday, July 6th. The stock was acquired at an average cost of $18.25 per share, with a total value of $702,621,660.25. The disclosure for this purchase can be found here.
Rouse Properties Company Profile
Rouse Properties, Inc is a United States-based real estate investment company. The Company owns and manages regional malls in protected markets or submarkets in the United States. The Company operates through the retail segment, which includes the operation, development and management of regional malls.
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