General Growth Properties, Inc. (NYSE:GGP) – Analysts at SunTrust Banks increased their Q3 2017 earnings per share estimates for shares of General Growth Properties in a report released on Monday. SunTrust Banks analyst K. Kim now anticipates that the real estate investment trust will earn $0.40 per share for the quarter, up from their previous estimate of $0.39. SunTrust Banks also issued estimates for General Growth Properties’ Q4 2017 earnings at $0.45 EPS.

Several other analysts have also issued reports on the company. BidaskClub upgraded General Growth Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Zacks Investment Research lowered General Growth Properties from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. Stifel Nicolaus assumed coverage on General Growth Properties in a research note on Friday, July 14th. They issued a “buy” rating and a $27.00 price objective on the stock. Goldman Sachs Group, Inc. (The) lowered General Growth Properties from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $23.00 to $22.00 in a research note on Tuesday, June 20th. Finally, Barclays PLC dropped their price objective on General Growth Properties from $25.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Friday, June 9th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $28.96.

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Shares of General Growth Properties (NYSE:GGP) opened at 23.75 on Thursday. The firm has a 50-day moving average price of $23.51 and a 200 day moving average price of $23.62. The firm has a market capitalization of $21.01 billion, a price-to-earnings ratio of 19.00 and a beta of 0.77. General Growth Properties has a 12 month low of $21.05 and a 12 month high of $32.10.

General Growth Properties (NYSE:GGP) last issued its earnings results on Monday, May 1st. The real estate investment trust reported $0.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by $0.25. General Growth Properties had a return on equity of 14.38% and a net margin of 52.21%. The company had revenue of $566.33 million during the quarter, compared to analyst estimates of $561.66 million. During the same period in the prior year, the business earned $0.40 earnings per share. General Growth Properties’s quarterly revenue was down 6.7% on a year-over-year basis.

Institutional investors have recently bought and sold shares of the stock. Quantitative Systematic Strategies LLC increased its stake in shares of General Growth Properties by 43.8% in the first quarter. Quantitative Systematic Strategies LLC now owns 104,507 shares of the real estate investment trust’s stock worth $2,423,000 after buying an additional 31,826 shares in the last quarter. DnB Asset Management AS increased its stake in shares of General Growth Properties by 19.0% in the first quarter. DnB Asset Management AS now owns 60,874 shares of the real estate investment trust’s stock worth $1,411,000 after buying an additional 9,700 shares in the last quarter. Kissinger Financial Services LLC increased its stake in shares of General Growth Properties by 66.7% in the first quarter. Kissinger Financial Services LLC now owns 105,367 shares of the real estate investment trust’s stock worth $2,443,000 after buying an additional 42,170 shares in the last quarter. Capstone Asset Management Co. increased its stake in shares of General Growth Properties by 12.0% in the first quarter. Capstone Asset Management Co. now owns 61,473 shares of the real estate investment trust’s stock worth $1,425,000 after buying an additional 6,580 shares in the last quarter. Finally, CrestPoint Capital Management LLC increased its stake in shares of General Growth Properties by 65.9% in the first quarter. CrestPoint Capital Management LLC now owns 37,500 shares of the real estate investment trust’s stock worth $869,000 after buying an additional 14,900 shares in the last quarter. 92.25% of the stock is currently owned by institutional investors.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 28th. Stockholders of record on Thursday, July 13th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.71%. The ex-dividend date of this dividend is Tuesday, July 11th. General Growth Properties’s payout ratio is 70.97%.

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.

Earnings History and Estimates for General Growth Properties (NYSE:GGP)

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