GGP Inc (NYSE:GGP) has been given a consensus rating of “Hold” by the sixteen research firms that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $25.46.
A number of brokerages have commented on GGP. Boenning Scattergood set a $35.00 price target on shares of GGP and gave the company a “buy” rating in a research report on Wednesday, December 6th. BMO Capital Markets began coverage on shares of GGP in a research report on Monday, September 11th. They set a “market perform” rating and a $22.00 price target on the stock. JPMorgan Chase & Co. raised shares of GGP from a “neutral” rating to an “overweight” rating and set a $25.00 price target on the stock in a research report on Tuesday, September 26th. Stifel Nicolaus reaffirmed a “buy” rating and set a $24.00 price target on shares of GGP in a research report on Wednesday, November 1st. Finally, SunTrust Banks set a $26.00 price target on shares of GGP and gave the company a “buy” rating in a research report on Tuesday, October 31st.
Shares of GGP (GGP) opened at $23.56 on Tuesday. The firm has a market capitalization of $22,290.00, a price-to-earnings ratio of 33.18, a P/E/G ratio of 2.57 and a beta of 0.86. GGP has a 1-year low of $18.83 and a 1-year high of $26.20. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.68.
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 5th. Stockholders of record on Friday, December 15th were given a dividend of $0.22 per share. The ex-dividend date was Thursday, December 14th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.74%. GGP’s dividend payout ratio (DPR) is presently 123.94%.
Several hedge funds have recently added to or reduced their stakes in GGP. Tredje AP fonden boosted its position in shares of GGP by 13.3% during the 3rd quarter. Tredje AP fonden now owns 59,621 shares of the real estate investment trust’s stock worth $1,238,000 after purchasing an additional 7,007 shares in the last quarter. Toronto Dominion Bank boosted its position in shares of GGP by 25.6% during the 2nd quarter. Toronto Dominion Bank now owns 197,789 shares of the real estate investment trust’s stock worth $4,659,000 after purchasing an additional 40,266 shares in the last quarter. Nationwide Fund Advisors boosted its position in shares of GGP by 117.8% during the 3rd quarter. Nationwide Fund Advisors now owns 415,514 shares of the real estate investment trust’s stock worth $8,630,000 after purchasing an additional 224,759 shares in the last quarter. Gluskin Sheff & Assoc Inc. bought a new position in shares of GGP during the 2nd quarter worth about $24,573,000. Finally, UBS Asset Management Americas Inc. boosted its position in shares of GGP by 7.6% during the 2nd 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 purchasing an additional 216,668 shares in the last quarter. 95.98% of the stock is currently owned by institutional investors.
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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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