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

A number of research firms recently weighed in on GGP. Mizuho reaffirmed a “buy” rating and set a $35.00 price target on shares of General Growth Properties in a research note on Friday, June 17th. BMO Capital Markets reaffirmed a “buy” rating on shares of General Growth Properties in a research note on Wednesday, May 4th. Credit Suisse Group AG reaffirmed a “buy” rating on shares of General Growth Properties in a research note on Tuesday, May 3rd. Zacks Investment Research raised General Growth Properties from a “sell” rating to a “hold” rating in a research note on Thursday, May 5th. Finally, Citigroup Inc. reaffirmed a “buy” rating on shares of General Growth Properties in a research note on Thursday, June 30th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $32.60.

The company’s 50-day moving average is $28.11 and its 200-day moving average is $27.91. The stock has a market cap of $27.35 billion and a price-to-earnings ratio of 31.97.

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

The business 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 $0.19 dividend. The ex-dividend date is Wednesday, July 13th. This represents a $0.76 annualized dividend and a yield of 2.45%.

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

A number of hedge funds recently modified their holdings of the company. Principal Financial Group Inc. raised 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 during the period. Vanguard Group Inc. raised its position in 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 during the last quarter. Dimensional Fund Advisors LP raised its position in 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 during the last quarter. Robeco Institutional Asset Management B.V. raised its position in 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 during the last quarter. Finally, Standard Life Investments LTD raised its position in 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 during 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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