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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