AEW Capital Management L P cut its stake in GGP Inc (NYSE:GGP) by 66.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 219,200 shares of the real estate investment trust’s stock after selling 425,200 shares during the period. AEW Capital Management L P’s holdings in GGP were worth $5,127,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. FNY Partners Fund LP lifted its stake 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 purchasing an additional 14,500 shares during the last quarter. US Bancorp DE lifted its stake 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 purchasing an additional 6,038 shares during the last quarter. Blue Sky Asset Management LLC acquired a new stake in GGP during the fourth quarter valued at approximately $503,000. Lourd Capital LLC acquired a new stake in GGP during the fourth quarter valued at approximately $508,000. Finally, Robeco Institutional Asset Management B.V. lifted its stake in GGP by 110.6% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 21,942 shares of the real estate investment trust’s stock valued at $513,000 after purchasing an additional 11,522 shares during the last quarter. Institutional investors and hedge funds own 95.41% of the company’s stock.

Shares of GGP Inc (GGP) opened at $22.21 on Monday. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.00 and a quick ratio of 1.35. The company has a market cap of $21,010.00, a P/E ratio of 32.66, a P/E/G ratio of 2.42 and a beta of 0.85. GGP Inc has a 12-month low of $18.83 and a 12-month high of $25.72.

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

The company also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Friday, April 13th will be given a $0.22 dividend. The ex-dividend date of this dividend is Thursday, April 12th. This represents a $0.88 annualized dividend and a dividend yield of 3.96%. GGP’s dividend payout ratio (DPR) is presently 129.41%.

Several research firms recently commented on GGP. Sandler O’Neill lowered shares of GGP from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. BMO Capital Markets set a $22.00 target price on shares of GGP and gave the company a “hold” rating in a research note on Tuesday, October 31st. Zacks Investment Research lowered shares of GGP from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. Boenning Scattergood set a $35.00 target price on shares of GGP and gave the company a “buy” rating in a research note on Wednesday, December 6th. Finally, Barclays cut their target price on shares of GGP from $24.00 to $23.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 30th. Four analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $25.08.

TRADEMARK VIOLATION WARNING: This article was first posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are viewing this article on another domain, it was illegally copied and reposted in violation of US and international copyright & trademark legislation. The original version of this article can be viewed at https://theolympiareport.com/2018/02/12/ggp-inc-ggp-stake-lessened-by-aew-capital-management-l-p.html.

GGP 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.

Want to see what other hedge funds are holding GGP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GGP Inc (NYSE:GGP).

Institutional Ownership by Quarter for GGP (NYSE:GGP)

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