General Growth Properties Inc. (NYSE:GGP) shares saw strong trading volume on Friday . 3,603,219 shares changed hands during trading, an increase of 4% from the previous session’s volume of 3,456,656 shares.The stock last traded at $29.75 and had previously closed at $29.66.

Several equities analysts recently commented on the stock. Citigroup Inc. upped their target price on shares of General Growth Properties from $34.00 to $35.00 and gave the company a “buy” rating in a research note on Monday. Zacks Investment Research cut shares of General Growth Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, July 13th. BMO Capital Markets reiterated a “buy” rating on shares of General Growth Properties in a research note on Wednesday, May 4th. Bank of America Corp. reiterated a “buy” rating on shares of General Growth Properties in a research note on Monday, May 2nd. Finally, Mizuho reiterated a “buy” rating on shares of General Growth Properties in a research note on Thursday, May 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the company. General Growth Properties has a consensus rating of “Buy” and an average price target of $33.00.

The company has a market cap of $26.46 billion and a PE ratio of 41.71. The company has a 50 day moving average price of $30.76 and a 200 day moving average price of $28.69.

General Growth Properties (NYSE:GGP) last released its quarterly earnings data 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 analysts’ expectations of $577.90 million. During the same period last year, the business posted $0.33 earnings per share. General Growth Properties’s revenue for the quarter was down .9% on a year-over-year basis. On average, equities research analysts forecast that General Growth Properties Inc. will post $1.54 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Friday, October 14th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, October 12th. This is an increase from General Growth Properties’s previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a yield of 2.67%.

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

Several large investors have recently bought and sold shares of the company. Alpine Woods Capital Investors LLC increased its stake in 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 in the last quarter. Bank of Montreal Can increased 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. American International Group Inc. increased its stake in General Growth Properties by 3.4% in the fourth quarter. American International Group Inc. now owns 239,001 shares of the real estate investment trust’s stock worth $6,503,000 after buying an additional 7,885 shares in the last quarter. Aberdeen Asset Management PLC UK increased 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. Finally, Bridgewater Associates LP increased its stake in 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 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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