GGP (NYSE:GGP) will be issuing its quarterly earnings data before the market opens on Monday, April 30th. Analysts expect the company to announce earnings of $0.13 per share for the quarter.
GGP (NYSE:GGP) last issued its quarterly earnings results on Wednesday, February 7th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ 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 analyst estimates of $646.14 million. During the same period last year, the company earned $0.43 EPS. GGP’s quarterly revenue was up 2.8% compared to the same quarter last year. On average, analysts expect GGP to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of GGP stock opened at $19.64 on Monday. GGP has a 52-week low of $18.83 and a 52-week high of $24.37. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market cap of $18,795.81, a P/E ratio of 12.51 and a beta of 0.90.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Friday, April 13th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.48%. The ex-dividend date is Thursday, April 12th. GGP’s dividend payout ratio is currently 56.05%.
A number of equities research analysts recently issued reports on GGP shares. Royal Bank of Canada reissued a “buy” rating and set a $24.00 price target on shares of GGP in a research note on Monday, February 12th. Boenning Scattergood reissued a “buy” rating and set a $35.00 price target on shares of GGP in a research note on Tuesday, March 27th. Mizuho raised GGP from a “neutral” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Monday, March 19th. Zacks Investment Research raised GGP from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research note on Wednesday, April 11th. Finally, Barclays decreased their price target on GGP from $24.00 to $23.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 30th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $24.92.
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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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