American Century Companies Inc. Has $27.66 Million Holdings in GGP Inc (GGP)
American Century Companies Inc. decreased its position in GGP Inc (NYSE:GGP) by 31.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,182,576 shares of the real estate investment trust’s stock after selling 535,143 shares during the period. American Century Companies Inc.’s holdings in GGP were worth $27,660,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. FNY Partners Fund LP increased its stake in GGP by 725.0% in the 4th 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. US Bancorp DE increased its stake in GGP by 39.5% in the 4th 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. Lourd Capital LLC purchased a new stake in GGP in the 4th quarter valued at about $508,000. Robeco Institutional Asset Management B.V. increased its stake in GGP by 110.6% in the 4th 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 buying an additional 11,522 shares during the last quarter. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new stake in GGP in the 4th quarter valued at about $706,000. Hedge funds and other institutional investors own 95.31% of the company’s stock.
Several equities research analysts have commented on the stock. 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 report on Tuesday, October 31st. Zacks Investment Research downgraded shares of GGP from a “hold” rating to a “sell” rating in a research report 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 report on Wednesday, December 6th. Finally, Barclays reduced 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 report on Tuesday, January 30th. Four research analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. GGP has a consensus rating of “Hold” and a consensus target price of $25.00.
GGP (NYSE:GGP) last released its quarterly earnings data on Wednesday, February 7th. The real estate investment trust reported $0.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.01. The company 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%. GGP’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period last year, the firm earned $0.43 EPS. analysts predict that GGP Inc will post 1.59 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Friday, April 13th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 3.94%. The ex-dividend date of this dividend is Thursday, April 12th. GGP’s dividend payout ratio (DPR) is presently 129.41%.
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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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