GGP Inc (NYSE:GGP) SVP Tara Marszewski sold 470 shares of the business’s stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $23.49, for a total value of $11,040.30. Following the completion of the sale, the senior vice president now owns 6,788 shares of the company’s stock, valued at $159,450.12. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Tara Marszewski also recently made the following trade(s):
- On Tuesday, January 9th, Tara Marszewski sold 249 shares of GGP stock. The shares were sold at an average price of $23.61, for a total value of $5,878.89.
GGP Inc (NYSE GGP) opened at $23.08 on Wednesday. The company has a market capitalization of $22,186.07, a price-to-earnings ratio of 32.06, a P/E/G ratio of 2.51 and a beta of 0.85. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.35 and a current ratio of 1.35. GGP Inc has a 52 week low of $18.83 and a 52 week high of $25.91.
The firm also recently declared a quarterly dividend, which was paid on Friday, January 5th. Shareholders of record on Friday, December 15th were given a dividend of $0.22 per share. The ex-dividend date was Thursday, December 14th. This represents a $0.88 dividend on an annualized basis and a yield of 3.81%. GGP’s dividend payout ratio (DPR) is presently 122.22%.
Hedge funds have recently made changes to their positions in the business. Nationwide Fund Advisors boosted its position in GGP by 117.8% during the 3rd quarter. Nationwide Fund Advisors now owns 415,514 shares of the real estate investment trust’s stock worth $8,630,000 after acquiring an additional 224,759 shares during the period. Toronto Dominion Bank boosted its position in GGP by 25.6% during the 2nd quarter. Toronto Dominion Bank now owns 197,789 shares of the real estate investment trust’s stock worth $4,659,000 after acquiring an additional 40,266 shares during the period. Gluskin Sheff & Assoc Inc. acquired a new position in GGP during the 2nd quarter worth $24,573,000. Tredje AP fonden boosted its position in GGP by 13.3% during the 3rd quarter. Tredje AP fonden now owns 59,621 shares of the real estate investment trust’s stock worth $1,238,000 after acquiring an additional 7,007 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its position in GGP by 7.6% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 3,051,935 shares of the real estate investment trust’s stock worth $71,904,000 after acquiring an additional 216,668 shares during the period. Institutional investors own 96.27% of the company’s stock.
A number of equities research analysts have recently weighed in on GGP shares. JPMorgan Chase & Co. upgraded GGP from a “neutral” rating to an “overweight” rating and set a $25.00 price target for the company in a report on Tuesday, September 26th. BMO Capital Markets set a $22.00 price target on GGP and gave the company a “hold” rating in a report on Tuesday, October 31st. Boenning Scattergood set a $35.00 price objective on GGP and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Stifel Nicolaus restated a “buy” rating and set a $24.00 price objective on shares of GGP in a research note on Wednesday, November 1st. Finally, SunTrust Banks set a $26.00 price objective on GGP and gave the stock a “buy” rating in a research note on Tuesday, October 31st. Three research analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $25.33.
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.
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