Boenning Scattergood set a $35.00 target price on GGP (NYSE:GGP) in a research report report published on Thursday morning. The firm currently has a buy rating on the real estate investment trust’s stock. Boenning Scattergood also issued estimates for GGP’s Q4 2018 earnings at $0.45 EPS, Q1 2019 earnings at $0.39 EPS and FY2019 earnings at $1.63 EPS.

Several other research analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of GGP from a hold rating to a sell rating in a report on Tuesday, January 9th. Sandler O’Neill cut shares of GGP from a hold rating to a sell rating in a report on Friday, February 2nd. BMO Capital Markets set a $22.00 price objective on shares of GGP and gave the company a hold rating in a report on Tuesday, October 31st. SunTrust Banks set a $26.00 price objective on shares of GGP and gave the company a buy rating in a report on Tuesday, October 31st. Finally, Stifel Nicolaus reissued a buy rating and set a $24.00 price objective on shares of GGP in a report on Wednesday, November 1st. Four research analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $25.08.

GGP (NYSE GGP) opened at $22.21 on Thursday. The stock has a market cap of $21,010.00, a P/E ratio of 32.66, a PEG ratio of 2.42 and a beta of 0.85. GGP has a 52 week low of $18.83 and a 52 week high of $25.72. The company has a quick ratio of 1.35, a current ratio of 1.00 and a debt-to-equity ratio of 1.51.

GGP (NYSE:GGP) last issued its earnings results on Wednesday, February 7th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.01. GGP had a net margin of 28.24% and a return on equity of 7.87%. The firm had revenue of $627.40 million for the quarter, compared to the consensus estimate of $646.14 million. During the same quarter in the prior year, the firm posted $0.43 earnings per share. The business’s revenue was up 2.8% on a year-over-year basis. research analysts forecast that GGP will post 1.59 EPS for the current year.

The firm 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 dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, April 12th. This represents a $0.88 dividend on an annualized basis and a yield of 3.96%. GGP’s dividend payout ratio is currently 129.41%.

Hedge funds have recently made changes to their positions in the business. IBM Retirement Fund purchased a new stake in GGP during the fourth quarter valued at approximately $214,000. Suntrust Banks Inc. purchased a new stake in GGP during the fourth quarter valued at approximately $215,000. Levin Capital Strategies L.P. purchased a new stake in GGP during the fourth quarter valued at approximately $215,000. FNY Partners Fund LP increased its holdings in GGP by 725.0% during the fourth quarter. FNY Partners Fund LP now owns 16,500 shares of the real estate investment trust’s stock valued at $385,000 after buying an additional 14,500 shares during the last quarter. Finally, US Bancorp DE increased its holdings in GGP by 39.5% during the fourth quarter. US Bancorp DE now owns 21,313 shares of the real estate investment trust’s stock valued at $498,000 after buying an additional 6,038 shares during the last quarter. 95.41% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for GGP (NYSE:GGP)

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