General Growth Properties Inc. (NYSE:GGP)’s share price traded down 4.3% during trading on Thursday . The stock traded as low as $29.33 and last traded at $29.41, with a volume of 4,611,160 shares changing hands. The stock had previously closed at $30.72.

Several equities analysts recently commented on the company. Mizuho reiterated a “buy” rating and issued a $35.00 target price on shares of General Growth Properties in a research note on Friday, June 17th. Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $35.00 price target on shares of General Growth Properties in a research report on Wednesday, August 3rd. BMO Capital Markets reissued a “buy” rating on shares of General Growth Properties in a research report on Wednesday, May 4th. Deutsche Bank AG boosted their price target on General Growth Properties from $34.00 to $35.00 and gave the company a “buy” rating in a research report on Monday, July 18th. Finally, Credit Suisse Group AG reissued a “buy” rating on shares of General Growth Properties in a research report on Tuesday, May 3rd. One investment 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. General Growth Properties has an average rating of “Buy” and a consensus price target of $33.00.

The firm has a market capitalization of $26.20 billion and a PE ratio of 41.31. The company’s 50-day moving average price is $30.73 and its 200 day moving average price is $28.67.

General Growth Properties (NYSE:GGP) last released its quarterly earnings results on Monday, August 1st. The real estate investment trust reported $0.35 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by $0.01. The business had revenue of $574.60 million for the quarter, compared to analyst estimates of $577.90 million. General Growth Properties’s quarterly revenue was down .9% on a year-over-year basis. During the same period in the previous year, the company posted $0.33 earnings per share. On average, analysts forecast that General Growth Properties Inc. will post $1.54 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Friday, October 14th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, October 12th. This is a boost from General Growth Properties’s previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.70%.

In other news, SVP Tara Marszewski sold 10,419 shares of the company’s stock in a transaction on Friday, August 5th. The shares were sold at an average price of $31.01, for a total value of $323,093.19. Following the completion of the sale, the senior vice president now owns 7,992 shares of the company’s stock, valued at approximately $247,831.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John K. Haley sold 3,400 shares of the company’s stock in a transaction on Friday, August 5th. The shares were sold at an average price of $30.96, for a total transaction of $105,264.00. Following the completion of the sale, the director now directly owns 46,873 shares of the company’s stock, valued at approximately $1,451,188.08. The disclosure for this sale can be found here.

Several large investors have made changes to their positions in the stock. 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. Bridgewater Associates LP boosted its stake in shares of General Growth Properties by 359.5% in the fourth quarter. Bridgewater Associates LP now owns 85,000 shares of the real estate investment trust’s stock worth $2,313,000 after buying an additional 66,500 shares during the period. Montag A & Associates Inc. acquired a new stake in shares of General Growth Properties during the fourth quarter worth about $2,320,000. Bank of Montreal Can raised its stake 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 worth $2,919,000 after buying an additional 6,891 shares in the last quarter. Finally, Aberdeen Asset Management PLC UK raised its stake in General Growth Properties by 9.9% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 187,046 shares of the real estate investment trust’s stock worth $5,350,000 after buying an additional 16,892 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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