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

GGP has been the subject of a number of research reports. Zacks Investment Research raised shares of General Growth Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, April 19th. Credit Suisse Group AG restated a “buy” rating on shares of General Growth Properties in a research report on Tuesday, May 3rd. Bank of America Corp. restated a “buy” rating on shares of General Growth Properties in a research report on Monday, May 2nd. BMO Capital Markets restated a “buy” rating on shares of General Growth Properties in a research report on Wednesday, May 4th. Finally, Mizuho restated a “buy” rating on shares of General Growth Properties in a research report on Thursday, May 26th. One analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $33.00.

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

General Growth Properties (NYSE:GGP) last posted its earnings results on Monday, August 1st. The real estate investment trust reported $0.35 earnings per share for the quarter, missing the Thomson Reuters’ 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 in the prior year, the business earned $0.33 EPS. The company’s quarterly revenue was down .9% compared to the same quarter last year. Equities research analysts anticipate that General Growth Properties Inc. will post $1.54 earnings per share for the current year.

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

In other General Growth Properties news, CEO Sandeep Mathrani sold 600,000 shares of the firm’s stock in a transaction dated Friday, June 24th. The shares were sold at an average price of $28.76, for a total transaction of $17,256,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Tara Marszewski sold 10,419 shares of the firm’s stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $31.01, for a total transaction of $323,093.19. Following the transaction, the senior vice president now owns 7,992 shares of the company’s stock, valued at $247,831.92. The disclosure for this sale can be found here.

A number of institutional investors have bought and sold shares of the stock. Bridgewater Associates LP increased its position 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 valued at $2,313,000 after buying an additional 66,500 shares during the period. American International Group Inc. increased its position 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 valued at $6,503,000 after buying an additional 7,885 shares during the period. Montag A & Associates Inc. acquired a new position in General Growth Properties during the fourth quarter valued at $2,320,000. BlackRock Advisors LLC increased its position in General Growth Properties by 72.3% in the fourth quarter. BlackRock Advisors LLC now owns 679,195 shares of the real estate investment trust’s stock valued at $18,481,000 after buying an additional 285,027 shares during the period. Finally, KBC Group NV increased 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 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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