General Growth Properties, Inc. (NYSE:GGP) – Equities research analysts at SunTrust Banks lifted their Q3 2017 EPS estimates for shares of General Growth Properties in a research report issued to clients and investors on Monday. SunTrust Banks analyst K. Kim now forecasts that the real estate investment trust will post earnings per share of $0.40 for the quarter, up from their prior estimate of $0.39. SunTrust Banks also issued estimates for General Growth Properties’ Q4 2017 earnings at $0.45 EPS.

General Growth Properties (NYSE:GGP) last posted its earnings results on Monday, May 1st. The real estate investment trust reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.36 by $0.25. The firm had revenue of $566.33 million for the quarter, compared to analysts’ expectations of $561.66 million. General Growth Properties had a net margin of 52.21% and a return on equity of 14.38%. General Growth Properties’s revenue for the quarter was down 6.7% compared to the same quarter last year. During the same period last year, the firm earned $0.40 earnings per share.

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A number of other analysts have also recently commented on the company. BidaskClub upgraded General Growth Properties from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Zacks Investment Research cut General Growth Properties from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. Stifel Nicolaus assumed coverage on General Growth Properties in a research report on Friday, July 14th. They set a “buy” rating and a $27.00 price objective for the company. Goldman Sachs Group, Inc. (The) cut General Growth Properties from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $23.00 to $22.00 in a research report on Tuesday, June 20th. Finally, Barclays PLC dropped their price objective on General Growth Properties from $25.00 to $24.00 and set an “equal weight” rating for the company in a research report on Friday, June 9th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $28.96.

General Growth Properties (GGP) opened at 24.07 on Thursday. The stock’s 50 day moving average is $23.53 and its 200 day moving average is $23.62. The stock has a market capitalization of $21.29 billion, a price-to-earnings ratio of 19.26 and a beta of 0.77. General Growth Properties has a 12-month low of $21.05 and a 12-month high of $32.10.

Hedge funds have recently modified their holdings of the company. Shine Investment Advisory Services Inc. raised its stake in shares of General Growth Properties by 0.9% in the first quarter. Shine Investment Advisory Services Inc. now owns 11,361 shares of the real estate investment trust’s stock worth $263,000 after buying an additional 97 shares during the last quarter. Cleararc Capital Inc. raised its stake in shares of General Growth Properties by 0.7% in the first quarter. Cleararc Capital Inc. now owns 14,287 shares of the real estate investment trust’s stock worth $331,000 after buying an additional 97 shares during the last quarter. 1st Global Advisors Inc. raised its stake in shares of General Growth Properties by 1.9% in the first quarter. 1st Global Advisors Inc. now owns 24,306 shares of the real estate investment trust’s stock worth $563,000 after buying an additional 455 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of General Growth Properties by 0.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 61,246 shares of the real estate investment trust’s stock worth $1,420,000 after buying an additional 500 shares during the last quarter. Finally, King Luther Capital Management Corp raised its stake in shares of General Growth Properties by 2.9% in the first quarter. King Luther Capital Management Corp now owns 19,185 shares of the real estate investment trust’s stock worth $445,000 after buying an additional 544 shares during the last quarter. 92.25% of the stock is currently owned by hedge funds and other institutional investors.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 28th. Shareholders of record on Thursday, July 13th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date of this dividend is Tuesday, July 11th. General Growth Properties’s payout ratio is 70.97%.

General Growth Properties Company Profile

GGP Inc (GGP), formerly General Growth Properties, Inc, is a self-administered and self-managed real estate investment trust (REIT). The Company operates as a holding company, which is engaged in the operation, development and management of retail and other rental properties, primarily regional malls.

Earnings History and Estimates for General Growth Properties (NYSE:GGP)

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