GGP Inc (GGP) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. cut its holdings in GGP Inc (NYSE:GGP) by 3.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 136,327 shares of the real estate investment trust’s stock after selling 5,416 shares during the quarter. Victory Capital Management Inc.’s holdings in GGP were worth $3,188,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. FNY Partners Fund LP raised its stake in GGP by 725.0% in the fourth quarter. FNY Partners Fund LP now owns 16,500 shares of the real estate investment trust’s stock valued at $385,000 after buying an additional 14,500 shares during the last quarter. Lourd Capital LLC purchased a new stake in GGP in the fourth quarter valued at about $508,000. Robeco Institutional Asset Management B.V. raised its stake in GGP by 110.6% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 21,942 shares of the real estate investment trust’s stock valued at $513,000 after buying an additional 11,522 shares during the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new stake in GGP in the fourth quarter valued at about $706,000. Finally, Twin Capital Management Inc. purchased a new stake in GGP in the fourth quarter valued at about $803,000. Institutional investors own 93.31% of the company’s stock.

A number of equities research analysts have commented on GGP shares. BMO Capital Markets set a $22.00 price target on GGP and gave the company a “hold” rating in a research note on Tuesday, October 31st. Boenning Scattergood set a $35.00 price target on GGP and gave the company a “buy” rating in a research note on Wednesday, November 1st. Stifel Nicolaus reiterated a “buy” rating and issued a $24.00 price target on shares of GGP in a research note on Wednesday, November 1st. SunTrust Banks set a $26.00 price objective on GGP and gave the stock a “buy” rating in a research note on Tuesday, October 31st. Finally, Zacks Investment Research cut GGP from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $24.79.

GGP Inc (NYSE:GGP) opened at $22.00 on Monday. GGP Inc has a 12 month low of $18.83 and a 12 month high of $25.69. The stock has a market capitalization of $21,047.59, a PE ratio of 31.88, a PEG ratio of 2.43 and a beta of 0.84. The company has a quick ratio of 1.35, a current ratio of 1.00 and a debt-to-equity ratio of 1.51.

GGP (NYSE:GGP) last announced its quarterly earnings data on Wednesday, February 7th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.01. GGP had a return on equity of 7.87% and a net margin of 28.24%. The firm had revenue of $627.40 million during the quarter, compared to analysts’ expectations of $646.14 million. During the same period last year, the business posted $0.43 earnings per share. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. research analysts anticipate that GGP Inc will post 1.56 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Friday, April 13th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 4.00%. The ex-dividend date of this dividend is Thursday, April 12th. GGP’s dividend payout ratio (DPR) is 127.54%.

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GGP 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.

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Institutional Ownership by Quarter for GGP (NYSE:GGP)

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GGP Inc (GGP) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its holdings in GGP Inc (NYSE:GGP) by 3.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 136,327 shares of the real estate investment trust’s stock after selling 5,416 shares during the quarter. Victory Capital Management Inc.’s holdings in GGP were worth $3,188,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in GGP. FNY Partners Fund LP grew its position in GGP by 725.0% in the 4th quarter. FNY Partners Fund LP now owns 16,500 shares of the real estate investment trust’s stock valued at $385,000 after acquiring an additional 14,500 shares during the last quarter. Lourd Capital LLC bought a new position in shares of GGP during the 4th quarter worth $508,000. Robeco Institutional Asset Management B.V. grew its position in shares of GGP by 110.6% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 21,942 shares of the real estate investment trust’s stock worth $513,000 after buying an additional 11,522 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new position in shares of GGP during the 4th quarter worth $706,000. Finally, Twin Capital Management Inc. bought a new position in shares of GGP during the 4th quarter worth $803,000. 93.31% of the stock is currently owned by institutional investors.

GGP has been the topic of a number of recent research reports. ValuEngine downgraded GGP from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Boenning Scattergood reissued a “buy” rating and set a $34.50 price target on shares of GGP in a research report on Tuesday, November 21st. SunTrust Banks set a $26.00 price target on GGP and gave the stock a “buy” rating in a research report on Tuesday, October 31st. Royal Bank of Canada reissued a “buy” rating and set a $24.00 price target on shares of GGP in a research report on Monday, February 12th. Finally, Mizuho reissued a “hold” rating and set a $22.00 price target on shares of GGP in a research report on Friday. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. GGP presently has an average rating of “Hold” and an average price target of $24.79.

Shares of GGP Inc (NYSE:GGP) opened at $22.00 on Monday. GGP Inc has a 12-month low of $18.83 and a 12-month high of $25.69. The firm has a market capitalization of $21,047.59, a PE ratio of 31.88, a P/E/G ratio of 2.43 and a beta of 0.84. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.35 and a current ratio of 1.00.

GGP (NYSE:GGP) last issued its quarterly earnings data on Wednesday, February 7th. The real estate investment trust reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. GGP had a return on equity of 7.87% and a net margin of 28.24%. The company had revenue of $627.40 million for the quarter, compared to the consensus estimate of $646.14 million. During the same quarter last year, the company earned $0.43 earnings per share. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. equities analysts expect that GGP Inc will post 1.56 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Friday, April 13th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date is Thursday, April 12th. GGP’s payout ratio is currently 127.54%.

TRADEMARK VIOLATION WARNING: This news story was first published by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are reading this news story on another site, it was copied illegally and reposted in violation of U.S. & international copyright and trademark laws. The correct version of this news story can be read at https://www.thelincolnianonline.com/2018/02/19/ggp-inc-ggp-shares-sold-by-victory-capital-management-inc.html.

About GGP

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.

Institutional Ownership by Quarter for GGP (NYSE:GGP)

Receive News & Ratings for GGP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GGP and related companies with MarketBeat.com's FREE daily email newsletter.

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