General Growth Properties, Inc. (GGP) to Post Q4 2017 Earnings of $0.47 Per Share, Boenning Scattergood Forecasts

General Growth Properties, Inc. (NYSE:GGP) – Equities research analysts at Boenning Scattergood upped their Q4 2017 earnings per share estimates for General Growth Properties in a report issued on Tuesday. Boenning Scattergood analyst F. Van. Dijkum now anticipates that the real estate investment trust will post earnings of $0.47 per share for the quarter, up from their prior estimate of $0.46. Boenning Scattergood has a “Buy” rating and a $34.50 price objective on the stock.

Several other analysts also recently issued reports on GGP. Sandler O’Neill downgraded General Growth Properties from a “buy” rating to a “hold” rating and reduced their price objective for the company from $31.00 to $24.00 in a research report on Thursday, August 3rd. Citigroup Inc. reduced their price objective on General Growth Properties from $30.00 to $27.50 and set a “buy” rating on the stock in a research report on Monday, August 14th. Royal Bank Of Canada restated a “buy” rating and issued a $28.00 price objective on shares of General Growth Properties in a research report on Friday, August 4th. J P Morgan Chase & Co upgraded General Growth Properties from a “neutral” rating to an “overweight” rating and set a $25.00 price objective on the stock in a research report on Tuesday, September 26th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $24.00 price objective on shares of General Growth Properties in a research report on Wednesday, November 1st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $25.42.

TRADEMARK VIOLATION NOTICE: This news story was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this news story on another domain, it was illegally stolen and republished in violation of U.S. and international copyright and trademark legislation. The original version of this news story can be accessed at https://www.dispatchtribunal.com/2017/11/23/general-growth-properties-inc-ggp-to-post-q4-2017-earnings-of-0-47-per-share-boenning-scattergood-forecasts.html.

Shares of General Growth Properties (GGP) opened at $23.34 on Thursday. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.35 and a quick ratio of 1.35. General Growth Properties has a 12-month low of $18.83 and a 12-month high of $26.63. The stock has a market capitalization of $22,070.00, a price-to-earnings ratio of 14.97, a PEG ratio of 2.48 and a beta of 0.79.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Friday, December 15th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.88 annualized dividend and a yield of 3.77%. General Growth Properties’s dividend payout ratio (DPR) is presently 123.94%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GGP. Tredje AP fonden lifted its position in General Growth Properties by 13.3% during the third quarter. Tredje AP fonden now owns 59,621 shares of the real estate investment trust’s stock worth $1,238,000 after buying an additional 7,007 shares during the period. Toronto Dominion Bank lifted its position in General Growth Properties by 25.6% during the second quarter. Toronto Dominion Bank now owns 197,789 shares of the real estate investment trust’s stock worth $4,659,000 after buying an additional 40,266 shares during the period. Nationwide Fund Advisors lifted its position in General Growth Properties by 117.8% during the third quarter. Nationwide Fund Advisors now owns 415,514 shares of the real estate investment trust’s stock worth $8,630,000 after buying an additional 224,759 shares during the period. Gluskin Sheff & Assoc Inc. purchased a new position in General Growth Properties during the second quarter worth about $24,573,000. Finally, UBS Asset Management Americas Inc. lifted its position in General Growth Properties by 7.6% during the second quarter. UBS Asset Management Americas Inc. now owns 3,051,935 shares of the real estate investment trust’s stock worth $71,904,000 after buying an additional 216,668 shares during the period. Hedge funds and other institutional investors own 88.45% of the company’s stock.

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)

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

Leave a Reply