BlackRock Institutional Trust Company N.A. boosted its position in Rouse Properties Inc. (NYSE:RSE) by 0.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,556,460 shares of the company’s stock after buying an additional 6,080 shares during the period. BlackRock Institutional Trust Company N.A. owned about 2.78% of Rouse Properties worth $28,608,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of RSE. Credit Suisse AG raised its stake in shares of Rouse Properties by 13.2% in the fourth quarter. Credit Suisse AG now owns 106,831 shares of the company’s stock worth $1,555,000 after buying an additional 12,432 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Rouse Properties by 6.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 276,484 shares of the company’s stock worth $4,026,000 after buying an additional 16,657 shares in the last quarter. Virginia Retirement System purchased a new stake in shares of Rouse Properties during the first quarter worth $406,000. Two Sigma Advisers LLC raised its stake in shares of Rouse Properties by 29.3% in the fourth quarter. Two Sigma Advisers LLC now owns 105,135 shares of the company’s stock worth $1,531,000 after buying an additional 23,800 shares in the last quarter. Finally, Martingale Asset Management L P raised its stake in shares of Rouse Properties by 55.7% in the fourth quarter. Martingale Asset Management L P now owns 68,667 shares of the company’s stock worth $1,000,000 after buying an additional 24,567 shares in the last quarter.
Rouse Properties Inc. (NYSE:RSE) remained flat at $18.27 during midday trading on Tuesday. The company’s 50-day moving average price is $18.30 and its 200 day moving average price is $17.62. Rouse Properties Inc. has a 52 week low of $12.79 and a 52 week high of $18.73.
A number of equities research analysts recently weighed in on the company. Canaccord Genuity restated a “hold” rating on shares of Rouse Properties in a research report on Saturday, May 14th. Zacks Investment Research lowered Rouse Properties from a “hold” rating to a “sell” rating in a research report on Thursday, April 7th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $18.33.
In other news, major shareholder Brookfield Asset Management In bought 38,499,817 shares of the stock in a transaction on Wednesday, July 6th. The stock was bought at an average cost of $18.25 per share, for a total transaction of $702,621,660.25. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Retail Holdings Iv- Brookfield sold 19,387,625 shares of the firm’s stock in a transaction that occurred on Tuesday, July 5th. The shares were sold at an average price of $18.25, for a total transaction of $353,824,156.25. The disclosure for this sale can be found here.
Rouse Properties, Inc is a real estate investment trust (REIT). The Company’s principal focus is to own and manage regional malls in the United States. The Company operates through retail segment, which includes the operation, development and management of regional malls. Its portfolio consists of approximately 40 regional malls in over 20 states and totals over 24.9 million square feet of retail space.
