GGP (GGP) Scheduled to Post Quarterly Earnings on Monday

GGP (NYSE:GGP) is scheduled to issue its quarterly earnings data before the market opens on Monday, January 29th. GGP has set its Q4 guidance at $0.46-0.48 EPS.

GGP (NYSE:GGP) last issued its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.14). GGP had a return on equity of 8.34% and a net margin of 29.96%. The company had revenue of $578.36 million for the quarter, compared to the consensus estimate of $565.60 million. On average, analysts expect GGP to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of GGP (NYSE GGP) opened at $23.05 on Monday. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.35 and a current ratio of 1.35. GGP has a 52 week low of $18.83 and a 52 week high of $25.91. The firm has a market capitalization of $22,052.12, a P/E ratio of 32.01, a price-to-earnings-growth ratio of 2.49 and a beta of 0.85.

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 5th. Shareholders of record on Friday, December 15th were paid a dividend of $0.22 per share. The ex-dividend date was Thursday, December 14th. This represents a $0.88 annualized dividend and a yield of 3.82%. GGP’s payout ratio is currently 122.22%.

GGP has been the topic of several analyst reports. Boenning Scattergood set a $35.00 price objective on GGP and gave the stock a “buy” rating in a research note on Wednesday, December 6th. Stifel Nicolaus restated a “buy” rating and set a $24.00 target price on shares of GGP in a research report on Wednesday, November 1st. SunTrust Banks set a $26.00 target price on GGP and gave the company a “buy” rating in a research report on Tuesday, October 31st. BMO Capital Markets set a $22.00 target price on GGP and gave the company a “hold” rating in a research report on Tuesday, October 31st. Finally, JPMorgan Chase & Co. upgraded GGP from a “neutral” rating to an “overweight” rating and set a $25.00 target price for the company in a research report on Tuesday, September 26th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $25.33.

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About GGP

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 for GGP (NYSE:GGP)

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