GGP Inc (GGP) Shares Sold by Wedbush Securities Inc.

Wedbush Securities Inc. decreased its stake in GGP Inc (NYSE:GGP) by 3.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,369,645 shares of the real estate investment trust’s stock after selling 52,436 shares during the quarter. GGP comprises 3.9% of Wedbush Securities Inc.’s portfolio, making the stock its biggest holding. Wedbush Securities Inc.’s holdings in GGP were worth $32,036,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Nationwide Fund Advisors boosted its holdings in shares of GGP by 117.8% in 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 during the period. Strs Ohio boosted its holdings in shares of GGP by 3.1% in the 4th quarter. Strs Ohio now owns 841,434 shares of the real estate investment trust’s stock worth $19,681,000 after purchasing an additional 25,664 shares during the period. Havens Advisors LLC purchased a new position in shares of GGP in the 4th quarter worth approximately $5,263,000. State of Alaska Department of Revenue boosted its holdings in shares of GGP by 10.4% in the 4th quarter. State of Alaska Department of Revenue now owns 410,327 shares of the real estate investment trust’s stock worth $9,595,000 after purchasing an additional 38,727 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of GGP by 2.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 173,572 shares of the real estate investment trust’s stock worth $4,060,000 after purchasing an additional 3,623 shares during the period. Hedge funds and other institutional investors own 93.31% of the company’s stock.

A number of equities analysts have recently commented on the company. Royal Bank of Canada reiterated a “buy” rating and issued a $24.00 target price on shares of GGP in a report on Monday, February 12th. Zacks Investment Research upgraded GGP from a “sell” rating to a “hold” rating in a report on Thursday. Boenning Scattergood set a $35.00 price objective on GGP and gave the company a “buy” rating in a report on Thursday, February 8th. ValuEngine cut GGP from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Sandler O’Neill set a $22.00 price objective on GGP and gave the company a “sell” rating in a report on Thursday, February 8th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. GGP has a consensus rating of “Hold” and a consensus price target of $24.79.

GGP Inc (GGP) opened at $22.00 on Monday. GGP Inc has a 1-year low of $18.83 and a 1-year high of $25.69. The company has a current ratio of 1.00, a quick ratio of 1.35 and a debt-to-equity ratio of 1.51. The stock has a market capitalization of $21,047.59, a price-to-earnings ratio of 31.88, a P/E/G ratio of 2.43 and a beta of 0.84.

GGP (NYSE:GGP) last issued its earnings results on Wednesday, February 7th. The real estate investment trust reported $0.21 earnings per share for the quarter, topping the Thomson Reuters’ 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 business had revenue of $627.40 million during the quarter, compared to analysts’ expectations of $646.14 million. During the same period in the prior year, the business earned $0.43 EPS. The business’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 earnings per share for the current year.

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