General Growth Properties, Inc. (NYSE:GGP) – Research analysts at Boenning Scattergood increased their FY2017 earnings per share (EPS) estimates for General Growth Properties in a note issued to investors on Thursday. Boenning Scattergood analyst F. Van. Dijkum now anticipates that the real estate investment trust will post earnings of $1.59 per share for the year, up from their previous forecast of $1.56. Boenning Scattergood also issued estimates for General Growth Properties’ Q4 2017 earnings at $0.49 EPS, Q1 2018 earnings at $0.40 EPS, Q2 2018 earnings at $0.39 EPS, Q3 2018 earnings at $0.41 EPS, Q4 2018 earnings at $0.49 EPS and FY2018 earnings at $1.69 EPS.

General Growth Properties (NYSE:GGP) last announced its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by $0.22. The company had revenue of $555.80 million for the quarter, compared to analysts’ expectations of $576.75 million. General Growth Properties had a net margin of 50.01% and a return on equity of 13.57%. During the same period in the prior year, the firm earned $0.35 earnings per share.

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Several other brokerages have also commented on GGP. BidaskClub upgraded shares of General Growth Properties from a “sell” rating to a “hold” rating in a research note on Saturday, June 17th. Goldman Sachs Group, Inc. (The) lowered shares of General Growth Properties from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $23.00 to $22.00 in a research note on Tuesday, June 20th. Zacks Investment Research lowered shares of General Growth Properties from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. Barclays PLC restated an “equal weight” rating and set a $25.00 price target (down previously from $26.00) on shares of General Growth Properties in a research note on Wednesday, April 19th. Finally, Stifel Nicolaus assumed coverage on shares of General Growth Properties in a research note on Friday, July 14th. They set a “buy” rating and a $27.00 price target on the stock. One research analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $28.12.

General Growth Properties (NYSE GGP) opened at 22.78 on Monday. The company’s 50 day moving average is $23.47 and its 200 day moving average is $23.55. The firm has a market cap of $19.83 billion, a price-to-earnings ratio of 19.06 and a beta of 0.77. General Growth Properties has a 12-month low of $21.05 and a 12-month high of $31.34.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. purchased a new position in General Growth Properties during the first quarter worth about $195,000. Perigon Wealth Management LLC purchased a new position in General Growth Properties during the first quarter worth about $197,000. OLD Mutual Customised Solutions Proprietary Ltd. purchased a new position in General Growth Properties during the first quarter worth about $204,000. Two Sigma Securities LLC purchased a new position in General Growth Properties during the first quarter worth about $211,000. Finally, Old Mutual Global Investors UK Ltd. purchased a new position in General Growth Properties during the first quarter worth about $213,000. Institutional investors and hedge funds own 92.65% of the company’s stock.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, October 13th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $0.88 dividend on an annualized basis and a yield of 3.86%. General Growth Properties’s payout ratio is presently 73.95%.

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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