GGP Inc (GGP) to Release Earnings on Monday
GGP Inc (NYSE:GGP) is set to release its earnings data before the market opens on Monday, October 30th. Analysts expect GGP to post earnings of $0.12 per share for the quarter. GGP has set its Q3 guidance at $0.36-0.38 EPS and its FY17 guidance at $1.56-1.60 EPS.
GGP (NYSE:GGP) last released its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.22). GGP had a net margin of 17.56% and a return on equity of 5.94%. The firm had revenue of $555.80 million during the quarter, compared to the consensus estimate of $576.75 million. During the same quarter in the prior year, the company earned $0.35 EPS. On average, analysts expect GGP to post $0.56 EPS for the current fiscal year and $0.58 EPS for the next fiscal year.
Shares of GGP Inc (GGP) opened at 21.17 on Monday. The company has a market cap of $18.65 billion, a PE ratio of 17.76 and a beta of 0.77. GGP Inc has a 52-week low of $20.31 and a 52-week high of $27.10. The company has a 50 day moving average of $21.20 and a 200-day moving average of $22.33.
The company also recently announced 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. The ex-dividend date is Thursday, October 12th. This represents a $0.88 annualized dividend and a yield of 4.16%. GGP’s payout ratio is 73.95%.
GGP has been the topic of several recent analyst reports. BidaskClub lowered shares of GGP from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th. Stifel Nicolaus initiated coverage on shares of GGP in a report on Friday, July 14th. They issued a “buy” rating and a $27.00 target price on the stock. Zacks Investment Research lowered shares of GGP from a “hold” rating to a “sell” rating in a report on Monday, July 17th. Sandler O’Neill lowered shares of GGP from a “buy” rating to a “hold” rating and dropped their target price for the company from $31.00 to $24.00 in a report on Thursday, August 3rd. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $28.00 target price on shares of GGP in a report on Friday, August 4th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $24.82.
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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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