Natixis boosted its position in GGP Inc (NYSE:GGP) by 1,621.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 509,513 shares of the real estate investment trust’s stock after purchasing an additional 479,922 shares during the quarter. Natixis owned about 0.05% of GGP worth $10,300,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Nicola Wealth Management LTD. increased its stake in shares of GGP by 22.7% during the 2nd quarter. Nicola Wealth Management LTD. now owns 270,000 shares of the real estate investment trust’s stock valued at $6,866,000 after acquiring an additional 50,000 shares during the last quarter. Commonwealth Bank of Australia increased its stake in shares of GGP by 9.6% during the 2nd quarter. Commonwealth Bank of Australia now owns 90,256 shares of the real estate investment trust’s stock valued at $1,839,000 after acquiring an additional 7,880 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of GGP by 4.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 6,588,446 shares of the real estate investment trust’s stock valued at $134,602,000 after acquiring an additional 284,346 shares during the last quarter. Madison International Realty Holdings LLC increased its stake in shares of GGP by 1.4% during the 1st quarter. Madison International Realty Holdings LLC now owns 3,174,831 shares of the real estate investment trust’s stock valued at $64,957,000 after acquiring an additional 45,113 shares during the last quarter. Finally, Toronto Dominion Bank increased its stake in shares of GGP by 546.3% during the 1st quarter. Toronto Dominion Bank now owns 791,621 shares of the real estate investment trust’s stock valued at $16,194,000 after acquiring an additional 969,014 shares during the last quarter. 86.21% of the stock is owned by hedge funds and other institutional investors.

Shares of GGP opened at $22.06 on Thursday. GGP Inc has a 52-week low of $18.83 and a 52-week high of $24.23. The company has a market capitalization of $21.11 billion, a price-to-earnings ratio of 14.05 and a beta of 0.91. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.56.

GGP (NYSE:GGP) last posted its quarterly earnings results on Tuesday, July 31st. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.01). The firm had revenue of $583.14 million for the quarter, compared to analyst estimates of $593.94 million. GGP had a net margin of 24.46% and a return on equity of 6.98%. The business’s revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.35 earnings per share. sell-side analysts expect that GGP Inc will post 1.53 earnings per share for the current fiscal year.

A number of research analysts have recently commented on the stock. Zacks Investment Research raised shares of GGP from a “sell” rating to a “hold” rating in a research note on Thursday, June 28th. ValuEngine cut GGP from a “sell” rating to a “strong sell” rating in a report on Monday, July 2nd. BMO Capital Markets set a $22.00 price target on GGP and gave the stock a “hold” rating in a report on Tuesday, July 31st. Stifel Nicolaus restated a “buy” rating and issued a $27.00 price target on shares of GGP in a report on Tuesday, August 28th. Finally, SunTrust Banks restated a “hold” rating on shares of GGP in a report on Friday, July 20th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. GGP presently has an average rating of “Hold” and an average target price of $25.10.

About GGP

GGP Inc is an S&P 500 company focused exclusively on owning, managing, leasing and redeveloping high-quality retail properties throughout the United States. GGP is headquartered in Chicago, Illinois, and publicly traded on the NYSE under the symbol GGP.

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Institutional Ownership by Quarter for GGP (NYSE:GGP)

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