General Growth Properties Inc. (NYSE:GGP)‘s stock had its “outperform” rating restated by analysts at Oppenheimer Holdings Inc. in a report issued on Wednesday. They currently have a $35.00 target price on the real estate investment trust’s stock. Oppenheimer Holdings Inc.’s target price indicates a potential upside of 36.13% from the company’s previous close.

GGP has been the subject of a number of other research reports. BTIG Research started coverage on General Growth Properties in a report on Thursday, August 25th. They set a “buy” rating and a $35.00 target price for the company. Hilliard Lyons started coverage on General Growth Properties in a report on Wednesday, August 31st. They set a “neutral” rating for the company. Barclays PLC increased their target price on General Growth Properties from $30.00 to $32.00 and gave the company an “equal weight” rating in a report on Thursday, August 18th. Deutsche Bank AG increased their target price on General Growth Properties from $34.00 to $35.00 and gave the company a “buy” rating in a report on Monday, July 18th. Finally, Mizuho reissued a “buy” rating and set a $35.00 target price on shares of General Growth Properties in a report on Friday, June 17th. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $33.47.

Analyst Recommendations for General Growth Properties (NYSE:GGP)

Shares of General Growth Properties (NYSE:GGP) traded up 1.548% during trading on Wednesday, hitting $25.905. The stock had a trading volume of 1,563,832 shares. The firm has a market cap of $22.88 billion, a price-to-earnings ratio of 36.079 and a beta of 1.02. General Growth Properties has a 52-week low of $24.43 and a 52-week high of $32.10. The firm’s 50-day moving average is $28.15 and its 200 day moving average is $28.90.

General Growth Properties (NYSE:GGP) last released its quarterly earnings results on Monday, August 1st. The real estate investment trust reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by $0.01. The business earned $574.60 million during the quarter, compared to analyst estimates of $577.90 million. General Growth Properties had a return on equity of 8.65% and a net margin of 28.84%. The business’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.33 EPS. On average, analysts expect that General Growth Properties will post $1.53 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Friday, October 14th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.11%. This is a boost from General Growth Properties’s previous quarterly dividend of $0.19. The ex-dividend date is Wednesday, October 12th. General Growth Properties’s dividend payout ratio is 105.56%.

In other General Growth Properties news, CFO Michael B. Berman sold 189,474 shares of the company’s stock in a transaction on Friday, August 19th. The stock was sold at an average price of $29.15, for a total transaction of $5,523,167.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Tara Marszewski sold 10,419 shares of the company’s stock in a transaction on Friday, August 5th. The stock was sold at an average price of $31.01, for a total value of $323,093.19. Following the transaction, the senior vice president now owns 7,992 shares in the company, valued at $247,831.92. The disclosure for this sale can be found here. Company insiders own 40.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. boosted its stake in shares of General Growth Properties by 50.8% in the second quarter. Daiwa Securities Group Inc. now owns 17,190,036 shares of the real estate investment trust’s stock valued at $512,607,000 after buying an additional 5,789,692 shares during the last quarter. FMR LLC boosted its stake in shares of General Growth Properties by 26.6% in the second quarter. FMR LLC now owns 24,334,941 shares of the real estate investment trust’s stock valued at $725,668,000 after buying an additional 5,110,913 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of General Growth Properties by 3.9% in the second quarter. Vanguard Group Inc. now owns 80,558,533 shares of the real estate investment trust’s stock valued at $2,402,255,000 after buying an additional 3,023,640 shares during the last quarter. Cohen & Steers Inc. boosted its stake in shares of General Growth Properties by 8.9% in the second quarter. Cohen & Steers Inc. now owns 28,668,953 shares of the real estate investment trust’s stock valued at $854,908,000 after buying an additional 2,341,140 shares during the last quarter. Finally, Emerald Acquisition Ltd. bought a new stake in shares of General Growth Properties during the second quarter valued at about $67,881,000. Institutional investors own 95.02% of the company’s stock.

About General Growth Properties

General Growth Properties, Inc (GGP) is a self-administered and self-managed real estate investment trust (REIT). The Company operates through operation, development and management of retail and other rental properties segment. It is engaged in owning and operating retail properties to communities, retailers, employees, consumers and shareholders.

5 Day Chart for NYSE:GGP

Receive News & Stock Ratings for General Growth Properties Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Growth Properties Inc. and related stocks with our FREE daily email newsletter.