General Growth Properties Inc. (NYSE:GGP)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $30.76 and last traded at $30.64, with a volume of 1,726,157 shares changing hands. The stock had previously closed at $30.04.

Several research firms have commented on GGP. Bank of America Corp. reissued a “buy” rating on shares of General Growth Properties in a research note on Monday, May 2nd. Zacks Investment Research raised shares of General Growth Properties from a “sell” rating to a “hold” rating in a research note on Thursday, May 5th. Credit Suisse Group AG reissued a “buy” rating on shares of General Growth Properties in a research note on Tuesday, May 3rd. BMO Capital Markets reissued a “buy” rating on shares of General Growth Properties in a research note on Wednesday, May 4th. Finally, Citigroup Inc. reissued a “buy” rating on shares of General Growth Properties in a research note on Thursday, June 30th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $32.60.

The company has a market capitalization of $27.07 billion and a price-to-earnings ratio of 31.65. The company has a 50 day moving average of $27.97 and a 200-day moving average of $27.88.

General Growth Properties (NYSE:GGP) last issued its quarterly earnings results on Monday, May 2nd. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.05. The company had revenue of $607 million for the quarter, compared to analyst estimates of $583.80 million. During the same quarter last year, the company earned $0.32 EPS. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. On average, equities analysts anticipate that General Growth Properties Inc. will post $1.55 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 29th. Shareholders of record on Friday, July 15th will be issued a dividend of $0.19 per share. The ex-dividend date is Wednesday, July 13th. This represents a $0.76 annualized dividend and a yield of 2.53%.

In other General Growth Properties news, CFO Michael B. Berman sold 90,000 shares of the business’s stock in a transaction dated Tuesday, June 21st. The stock was sold at an average price of $28.60, for a total transaction of $2,574,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Sandeep Mathrani sold 600,000 shares of the business’s stock in a transaction dated Friday, June 24th. The stock was sold at an average price of $28.76, for a total value of $17,256,000.00. The disclosure for this sale can be found here.

Other hedge funds have recently made changes to their positions in the company. Principal Financial Group Inc. boosted its stake in shares of General Growth Properties by 19.0% in the fourth quarter. Principal Financial Group Inc. now owns 13,104,310 shares of the real estate investment trust’s stock valued at $356,568,000 after buying an additional 2,095,325 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of General Growth Properties by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 75,736,508 shares of the real estate investment trust’s stock valued at $2,060,791,000 after buying an additional 1,537,388 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of General Growth Properties by 5.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,202,286 shares of the real estate investment trust’s stock valued at $195,976,000 after buying an additional 400,914 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in shares of General Growth Properties by 1,649.4% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 355,311 shares of the real estate investment trust’s stock valued at $9,668,000 after buying an additional 335,000 shares in the last quarter. Finally, Standard Life Investments LTD boosted its stake in shares of General Growth Properties by 46.9% in the fourth quarter. Standard Life Investments LTD now owns 461,274 shares of the real estate investment trust’s stock valued at $12,549,000 after buying an additional 147,183 shares in the last quarter.

General Growth Properties, Inc (GGP) is a self-administered and self-managed real estate investment trust (REIT). The Company operates through operation, development and management of retail and other rental properties segment. It is engaged in owning and operating retail properties to communities, retailers, employees, consumers and shareholders.

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