General Growth Properties, Inc. (GGP) Research Coverage Started at BMO Capital Markets

BMO Capital Markets started coverage on shares of General Growth Properties, Inc. (NYSE:GGP) in a research report sent to investors on Monday, September 11th. The firm issued a market perform rating and a $22.00 price target on the real estate investment trust’s stock.

A number of other equities research analysts have also weighed in on the stock. BidaskClub lowered shares of General Growth Properties from a hold rating to a sell rating in a report on Wednesday, August 23rd. Royal Bank Of Canada lowered their target price on shares of General Growth Properties from $28.00 to $25.00 and set an outperform rating on the stock in a report on Thursday, August 17th. Citigroup Inc. lowered their target price on shares of General Growth Properties from $30.00 to $27.50 and set a buy rating on the stock in a report on Monday, August 14th. Zacks Investment Research upgraded shares of General Growth Properties from a sell rating to a hold rating in a report on Thursday, August 3rd. Finally, Sandler O’Neill lowered shares of General Growth Properties from a buy rating to a hold rating and lowered their target price for the stock from $31.00 to $24.00 in a report on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. General Growth Properties has a consensus rating of Hold and a consensus target price of $25.92.

Shares of General Growth Properties (GGP) traded down 0.53% during midday trading on Monday, reaching $20.63. 969,524 shares of the company’s stock were exchanged. The stock has a market cap of $18.17 billion, a PE ratio of 17.31 and a beta of 0.75. The stock’s 50 day moving average is $21.37 and its 200-day moving average is $22.66. General Growth Properties has a 12-month low of $20.31 and a 12-month high of $28.90.

General Growth Properties (NYSE:GGP) last announced its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.22). General Growth Properties had a net margin of 50.01% and a return on equity of 13.57%. The company had revenue of $555.80 million for the quarter, compared to analyst estimates of $576.75 million. During the same quarter in the prior year, the company posted $0.35 EPS. On average, equities analysts expect that General Growth Properties will post $0.56 EPS for the current year.

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The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, October 13th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $0.88 annualized dividend and a yield of 4.24%. General Growth Properties’s dividend payout ratio (DPR) is 73.95%.

Several institutional investors have recently added to or reduced their stakes in the company. Cleararc Capital Inc. grew its position in shares of General Growth Properties by 0.7% during the 1st quarter. Cleararc Capital Inc. now owns 14,287 shares of the real estate investment trust’s stock valued at $331,000 after acquiring an additional 97 shares during the period. 1st Global Advisors Inc. grew its position in shares of General Growth Properties by 1.9% during the 1st quarter. 1st Global Advisors Inc. now owns 24,306 shares of the real estate investment trust’s stock valued at $563,000 after acquiring an additional 455 shares during the period. Oregon Public Employees Retirement Fund grew its position in shares of General Growth Properties by 0.8% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 61,246 shares of the real estate investment trust’s stock valued at $1,420,000 after acquiring an additional 500 shares during the period. King Luther Capital Management Corp grew its position in shares of General Growth Properties by 2.9% during the 1st quarter. King Luther Capital Management Corp now owns 19,185 shares of the real estate investment trust’s stock valued at $445,000 after acquiring an additional 544 shares during the period. Finally, PNC Financial Services Group Inc. grew its position in shares of General Growth Properties by 3.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 31,652 shares of the real estate investment trust’s stock valued at $733,000 after acquiring an additional 976 shares during the period. 95.30% of the stock is owned by hedge funds and other institutional investors.

General Growth Properties Company Profile

GGP Inc (GGP), formerly General Growth Properties, Inc, is a self-administered and self-managed real estate investment trust (REIT). The Company operates as a holding company, which is engaged in the operation, development and management of retail and other rental properties, primarily regional malls.

Analyst Recommendations for General Growth Properties (NYSE:GGP)

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