Shares of GGP Inc. (NYSE:GGP) have earned a consensus rating of “Hold” from the fourteen research firms that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $24.00.
A number of brokerages recently issued reports on GGP. Barclays lowered their price objective on GGP from $24.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 30th. Sandler O’Neill downgraded GGP from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. ValuEngine downgraded GGP from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Royal Bank of Canada reiterated a “buy” rating and issued a $24.00 price objective on shares of GGP in a research report on Monday, February 12th. Finally, Mizuho reiterated a “hold” rating and issued a $22.00 price objective on shares of GGP in a research report on Friday, February 16th.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GGP. Bbva Compass Bancshares Inc. purchased a new stake in GGP during the fourth quarter valued at about $200,000. Guardian Capital Advisors LP bought a new position in shares of GGP during the fourth quarter valued at about $207,000. DLD Asset Management LP bought a new position in shares of GGP during the fourth quarter valued at about $211,000. Signaturefd LLC bought a new position in shares of GGP during the fourth quarter valued at about $211,000. Finally, IBM Retirement Fund bought a new position in shares of GGP during the fourth quarter valued at about $214,000. Institutional investors and hedge funds own 96.42% of the company’s stock.
Shares of GGP stock traded down $0.11 on Monday, reaching $20.28. The company’s stock had a trading volume of 9,000,683 shares, compared to its average volume of 6,666,159. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.02 and a current ratio of 1.02. GGP has a 12-month low of $18.83 and a 12-month high of $24.37. The company has a market capitalization of $19.54 billion, a PE ratio of 12.92 and a beta of 0.88.
GGP (NYSE:GGP) last issued its quarterly earnings data on Thursday, May 3rd. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.02). GGP had a return on equity of 7.43% and a net margin of 26.30%. The business had revenue of $574.17 million during the quarter, compared to analysts’ expectations of $571.59 million. During the same quarter last year, the business posted $0.36 EPS. The company’s quarterly revenue was up 1.4% on a year-over-year basis. sell-side analysts forecast that GGP will post 1.56 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 31st. Shareholders of record on Friday, July 13th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, July 12th. This represents a $0.88 dividend on an annualized basis and a yield of 4.34%. GGP’s payout ratio is 56.05%.
GGP Company Profile
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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