General Growth Properties Inc. (NYSE:GGP) hit a new 52-week high during mid-day 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 traded. The stock had previously closed at $31.80.

GGP has been the topic of a number of recent analyst reports. Barclays PLC boosted their target price on General Growth Properties from $29.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 19th. Bank of America Corp. reissued a “buy” rating on shares of General Growth Properties in a research report on Monday, May 2nd. Mizuho initiated coverage on General Growth Properties in a research report on Wednesday, April 13th. They set a “buy” rating and a $33.00 price target on the stock. Zacks Investment Research raised General Growth Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, April 19th. Finally, Citigroup Inc. reissued a “buy” rating on shares of General Growth Properties in a research report on Thursday, June 30th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $32.80.

The stock has a 50 day moving average of $29.77 and a 200-day moving average of $28.31. The company has a market capitalization of $27.76 billion and a P/E ratio of 32.46.

General Growth Properties (NYSE:GGP) last posted its earnings results on Monday, May 2nd. The real estate investment trust reported $0.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.05. The business had revenue of $607 million for the quarter, compared to the consensus estimate of $583.80 million. The business’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.32 earnings per share. Analysts expect that General Growth Properties Inc. will post $1.55 earnings per share 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 is Wednesday, July 13th. This represents a $0.76 annualized dividend and a yield of 2.42%.

In other General Growth Properties news, EVP Alan J. Barocas sold 125,000 shares of General Growth Properties stock in a transaction dated Tuesday, June 28th. The stock was sold at an average price of $29.28, for a total transaction of $3,660,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Sandeep Mathrani sold 600,000 shares of General Growth Properties 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.

A number of hedge funds and institutional investors have bought and sold shares of GGP. KBC Group NV raised its position in 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 valued at $13,882,000 after buying an additional 189,174 shares in the last quarter. PNC Financial Services Group Inc. raised its position in General Growth Properties by 54.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 45,039 shares of the real estate investment trust’s stock valued at $1,226,000 after buying an additional 15,881 shares in the last quarter. Principal Financial Group Inc. raised its position in 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. Bank of Montreal Can raised its position in General Growth Properties by 6.9% in the fourth quarter. Bank of Montreal Can now owns 107,270 shares of the real estate investment trust’s stock valued at $2,919,000 after buying an additional 6,891 shares in the last quarter. Finally, Gulf International Bank UK Ltd raised its position in General Growth Properties by 3.6% in the fourth quarter. Gulf International Bank UK Ltd now owns 162,349 shares of the real estate investment trust’s stock valued at $4,418,000 after buying an additional 5,700 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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