General Growth Properties, Inc. (NYSE:GGP) – Research analysts at Boenning Scattergood increased their FY2017 EPS estimates for shares of General Growth Properties in a research note issued on Thursday. Boenning Scattergood analyst F. Van. Dijkum now anticipates that the real estate investment trust will earn $1.59 per share for the year, up from their previous estimate of $1.56. Boenning Scattergood also issued estimates for General Growth Properties’ Q4 2017 earnings at $0.49 EPS, Q1 2018 earnings at $0.40 EPS, Q2 2018 earnings at $0.39 EPS, Q3 2018 earnings at $0.41 EPS, Q4 2018 earnings at $0.49 EPS and FY2018 earnings at $1.69 EPS.

General Growth Properties (NYSE:GGP) last issued its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.35 by $0.22. The business had revenue of $555.80 million for the quarter, compared to analyst estimates of $576.75 million. General Growth Properties had a return on equity of 13.57% and a net margin of 50.01%. During the same quarter in the prior year, the company earned $0.35 EPS. TRADEMARK VIOLATION WARNING: This report was first published by American Banking News and is owned by of American Banking News. If you are accessing this report on another site, it was illegally stolen and republished in violation of international copyright laws. The original version of this report can be read at https://www.americanbankingnews.com/2017/08/07/fy2017-eps-estimates-for-general-growth-properties-inc-increased-by-boenning-scattergood-nyseggp.html.

Several other equities analysts have also commented on GGP. Sandler O’Neill lowered shares of General Growth Properties from a “buy” rating to a “hold” rating and lowered their price target for the stock from $31.00 to $24.00 in a research report on Thursday. Royal Bank Of Canada restated a “buy” rating and set a $28.00 price target on shares of General Growth Properties in a research report on Friday. Zacks Investment Research upgraded shares of General Growth Properties from a “sell” rating to a “hold” rating in a research report on Thursday. Mizuho lowered shares of General Growth Properties from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $30.00 to $24.50 in a research report on Tuesday, May 30th. Finally, Barclays PLC lowered their price target on shares of General Growth Properties from $25.00 to $24.00 and set an “equal weight” rating for the company in a research report on Friday, June 9th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $28.12.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, October 13th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 3.97%. The ex-dividend date is Thursday, October 12th. General Growth Properties’s payout ratio is currently 73.95%.

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in General Growth Properties by 1.5% in the first quarter. Vanguard Group Inc. now owns 84,148,460 shares of the real estate investment trust’s stock valued at $1,950,561,000 after buying an additional 1,257,355 shares during the last quarter. BlackRock Inc. increased its stake in General Growth Properties by 2,204.0% in the first quarter. BlackRock Inc. now owns 53,382,888 shares of the real estate investment trust’s stock valued at $1,237,416,000 after buying an additional 51,065,960 shares during the last quarter. FMR LLC increased its stake in General Growth Properties by 1.3% in the first quarter. FMR LLC now owns 25,471,343 shares of the real estate investment trust’s stock valued at $590,427,000 after buying an additional 332,984 shares during the last quarter. Morgan Stanley increased its stake in General Growth Properties by 27.8% in the first quarter. Morgan Stanley now owns 20,801,466 shares of the real estate investment trust’s stock valued at $482,178,000 after buying an additional 4,522,511 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in General Growth Properties by 8.6% in the first quarter. Bank of New York Mellon Corp now owns 13,099,955 shares of the real estate investment trust’s stock valued at $303,657,000 after buying an additional 1,036,217 shares during the last quarter. 92.65% of the stock is owned by institutional investors and hedge funds.

About General Growth Properties

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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