Analysts expect that GGP Inc (NYSE:GGP) will post sales of $584.02 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for GGP’s earnings, with estimates ranging from $582.8 million to $585.24 million. GGP reported sales of $574.59 million during the same quarter last year, which would indicate a positive year over year growth rate of 1.6%. The firm is scheduled to announce its next quarterly earnings report on Monday, August 7th.

On average, analysts expect that GGP will report full-year sales of $584.02 million for the current year. For the next fiscal year, analysts forecast that the company will post sales of $2.53 billion per share, with estimates ranging from $2.51 billion to $2.55 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow GGP.

GGP (NYSE:GGP) last issued its earnings results on Monday, May 1st. The real estate investment trust reported $0.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by $0.25. GGP had a net margin of 54.91% and a return on equity of 15.52%. The firm had revenue of $566.33 million during the quarter, compared to analyst estimates of $561.66 million. During the same quarter in the prior year, the firm posted $0.40 EPS. The firm’s revenue for the quarter was down 6.7% on a year-over-year basis.

A number of research analysts recently commented on GGP shares. Barclays PLC raised their price target on GGP from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 8th. Zacks Investment Research cut GGP from a “hold” rating to a “sell” rating in a research report on Wednesday, April 26th. Royal Bank of Canada decreased their price target on GGP from $29.00 to $28.00 and set an “outperform” rating on the stock in a research report on Monday, May 8th. Finally, ValuEngine upgraded GGP from a “hold” rating to a “buy” rating in a research report on Thursday, May 11th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. GGP presently has an average rating of “Buy” and a consensus price target of $31.18.

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A number of hedge funds have recently added to or reduced their stakes in the stock. Fusion Family Wealth LLC acquired a new stake in GGP during the fourth quarter valued at $101,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in GGP during the fourth quarter valued at $141,000. Oppenheimer Asset Management Inc. acquired a new stake in GGP during the first quarter valued at $195,000. Koch Industries Inc. acquired a new stake in GGP during the fourth quarter valued at $203,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. acquired a new stake in GGP during the first quarter valued at $204,000. 91.15% of the stock is currently owned by institutional investors and hedge funds.

Shares of GGP (NYSE:GGP) opened at 22.65 on Friday. GGP has a 52 week low of $21.05 and a 52 week high of $32.10. The stock has a 50 day moving average of $22.73 and a 200 day moving average of $24.27. The firm has a market cap of $20.03 billion, a P/E ratio of 18.12 and a beta of 0.81.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 28th. Investors of record on Thursday, July 13th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 3.89%. The ex-dividend date of this dividend is Tuesday, July 11th. GGP’s dividend payout ratio (DPR) is presently 66.17%.

GGP 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.

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