General Growth Properties, Inc. (NYSE:GGP) – Equities researchers at Boenning Scattergood increased their FY2017 earnings per share (EPS) estimates for General Growth Properties in a research report issued on Wednesday. Boenning Scattergood analyst F. Van. Dijkum now expects that the real estate investment trust will post earnings per share of $1.60 for the year, up from their prior forecast of $1.59. Boenning Scattergood has a “Buy” rating and a $35.00 price objective on the stock.

General Growth Properties (NYSE:GGP) last released its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.22). The firm had revenue of $555.80 million during the quarter, compared to the consensus estimate of $576.75 million. General Growth Properties had a net margin of 29.96% and a return on equity of 8.34%. During the same quarter last year, the firm earned $0.35 earnings per share.

TRADEMARK VIOLATION WARNING: “FY2017 EPS Estimates for General Growth Properties, Inc. (GGP) Increased by Boenning Scattergood” was posted by American Banking News and is owned by of American Banking News. If you are viewing this news story on another domain, it was stolen and republished in violation of US and international copyright laws. The correct version of this news story can be accessed at https://www.americanbankingnews.com/2017/11/02/fy2017-eps-estimates-for-general-growth-properties-inc-ggp-increased-by-boenning-scattergood.html.

Several other equities analysts have also weighed in on the company. SunTrust Banks, Inc. set a $26.00 price objective on General Growth Properties and gave the company a “buy” rating in a report on Tuesday. Stifel Nicolaus reaffirmed a “buy” rating and issued a $24.00 price target on shares of General Growth Properties in a report on Wednesday. BMO Capital Markets set a $22.00 price target on General Growth Properties and gave the stock a “hold” rating in a report on Tuesday. J P Morgan Chase & Co raised General Growth Properties 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. Finally, BidaskClub lowered General Growth Properties from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $25.46.

A number of large investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. boosted its stake in General Growth Properties by 3.2% during the first quarter. PNC Financial Services Group Inc. now owns 31,652 shares of the real estate investment trust’s stock valued at $733,000 after buying an additional 976 shares during the period. OppenheimerFunds Inc. boosted its stake in General Growth Properties by 29.5% during the first quarter. OppenheimerFunds Inc. now owns 14,120 shares of the real estate investment trust’s stock valued at $327,000 after buying an additional 3,217 shares during the period. Oppenheimer Asset Management Inc. bought a new stake in General Growth Properties during the first quarter valued at $195,000. OLD Mutual Customised Solutions Proprietary Ltd. bought a new stake in General Growth Properties during the first quarter valued at $204,000. Finally, Gotham Asset Management LLC bought a new stake in General Growth Properties during the first quarter valued at $256,000. 95.36% of the stock is owned by institutional investors.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Friday, December 15th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 4.52%. The ex-dividend date of this dividend is Thursday, December 14th. General Growth Properties’s dividend payout ratio is 122.22%.

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)

Receive News & Ratings for General Growth Properties Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Growth Properties Inc. and related companies with MarketBeat.com's FREE daily email newsletter.