General Growth Properties Inc. (NYSE:GGP) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $31.99 and last traded at $31.92, with a volume of 1,255,074 shares trading hands. The stock had previously closed at $31.80.

GGP has been the topic of a number of recent research reports. Mizuho reiterated a “buy” rating and issued a $35.00 price objective on shares of General Growth Properties in a research report on Friday, June 17th. Zacks Investment Research lowered General Growth Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, July 13th. Barclays PLC increased their price objective on General Growth Properties from $29.00 to $30.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 19th. Citigroup Inc. reiterated a “buy” rating on shares of General Growth Properties in a research report on Thursday, June 30th. Finally, Deutsche Bank AG raised their price target on General Growth Properties from $34.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday, July 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $32.80.

The firm has a 50-day moving average of $29.49 and a 200-day moving average of $28.25. The firm has a market cap of $28.20 billion and a PE ratio of 32.97.

General Growth Properties (NYSE:GGP) last announced its earnings results on Monday, May 2nd. The real estate investment trust reported $0.40 EPS for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.05. The business had revenue of $607 million for the quarter, compared to analysts’ expectations of $583.80 million. During the same period in the prior year, the company posted $0.32 earnings per share. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. Equities research analysts predict that General Growth Properties Inc. will post $1.55 EPS for the current year.

The firm also recently announced 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 of this dividend is Wednesday, July 13th. This represents a $0.76 dividend on an annualized basis and a yield of 2.39%.

In other news, EVP Alan J. Barocas sold 125,000 shares of the stock in a transaction on Tuesday, June 28th. The shares were sold at an average price of $29.28, for a total value of $3,660,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michael B. Berman sold 90,000 shares of the stock in a transaction on Tuesday, June 21st. The stock was sold at an average price of $28.60, for a total transaction of $2,574,000.00. The disclosure for this sale can be found here.

Several hedge funds have recently made changes to their positions in the company. KBC Group NV boosted its stake in shares of General Growth Properties by 58.9% in the fourth quarter. KBC Group NV now owns 510,177 shares of the real estate investment trust’s stock worth $13,882,000 after buying an additional 189,174 shares during the period. 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 worth $195,976,000 after buying an additional 400,914 shares during the period. Alpine Woods Capital Investors LLC boosted its stake in shares of General Growth Properties by 5.0% in the fourth quarter. Alpine Woods Capital Investors LLC now owns 79,800 shares of the real estate investment trust’s stock worth $2,171,000 after buying an additional 3,800 shares during the period. Andra AP fonden boosted its stake in shares of General Growth Properties by 0.8% in the fourth quarter. Andra AP fonden now owns 178,100 shares of the real estate investment trust’s stock worth $4,846,000 after buying an additional 1,500 shares during the period. Finally, Schroder Investment Management Group boosted its stake in shares of General Growth Properties by 3.9% in the fourth quarter. Schroder Investment Management Group now owns 1,719,154 shares of the real estate investment trust’s stock worth $46,778,000 after buying an additional 65,308 shares during the period.

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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