Sandler O’Neill upgraded shares of General Growth Properties Inc. (NYSE:GGP) from a hold rating to a buy rating in a report released on Friday. Sandler O’Neill currently has $31.00 price target on the real estate investment trust’s stock.

GGP has been the subject of a number of other research reports. Citigroup Inc. restated a buy rating on shares of General Growth Properties in a report on Thursday, June 30th. Mizuho restated a buy rating and set a $35.00 price target on shares of General Growth Properties in a report on Friday, June 17th. Deutsche Bank AG raised their price target on shares of General Growth Properties from $34.00 to $35.00 and gave the stock a buy rating in a report on Monday, July 18th. BTIG Research began coverage on shares of General Growth Properties in a report on Thursday, August 25th. They set a buy rating and a $35.00 price target for the company. Finally, BMO Capital Markets restated a buy rating and set a $32.00 price target on shares of General Growth Properties in a report on Tuesday, August 2nd. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $32.87.

Analyst Recommendations for General Growth Properties (NYSE:GGP)

Shares of General Growth Properties (NYSE:GGP) traded up 0.31% during trading on Friday, hitting $26.25. The stock had a trading volume of 1,172,767 shares. General Growth Properties has a 52 week low of $24.43 and a 52 week high of $32.10. The firm has a 50-day moving average price of $27.88 and a 200 day moving average price of $28.84. The company has a market capitalization of $23.19 billion, a PE ratio of 36.56 and a beta of 1.02.

General Growth Properties (NYSE:GGP) last released its quarterly earnings data on Monday, August 1st. The real estate investment trust reported $0.35 EPS for the quarter, missing the Zacks’ consensus estimate 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 net margin of 28.84% and a return on equity of 8.65%. The firm’s revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.33 EPS. Equities analysts anticipate that General Growth Properties will post $1.53 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Friday, October 14th will be paid a dividend of $0.20 per share. This is a positive change from General Growth Properties’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a yield of 3.06%. The ex-dividend date of this dividend is Wednesday, October 12th. General Growth Properties’s dividend payout ratio (DPR) is currently 111.11%.

In other General Growth Properties news, SVP Tara Marszewski sold 10,419 shares of General Growth Properties stock in a transaction on Friday, August 5th. The shares were sold at an average price of $31.01, for a total value of $323,093.19. Following the transaction, the senior vice president now directly owns 7,992 shares in the company, valued at $247,831.92. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John K. Haley sold 3,400 shares of General Growth Properties stock in a transaction on Friday, August 5th. The shares were sold at an average price of $30.96, for a total transaction of $105,264.00. Following the completion of the transaction, the director now owns 46,873 shares in the company, valued at $1,451,188.08. The disclosure for this sale can be found here. 40.70% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of GGP. Vanguard Group Inc. raised its position in 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 worth $2,402,255,000 after buying an additional 3,023,640 shares in the last quarter. Cohen & Steers Inc. raised its position in 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 worth $854,908,000 after buying an additional 2,341,140 shares in the last quarter. FMR LLC raised its position in 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 worth $725,668,000 after buying an additional 5,110,913 shares in the last quarter. Cbre Clarion Securities LLC raised its position in General Growth Properties by 4.1% in the second quarter. Cbre Clarion Securities LLC now owns 20,056,188 shares of the real estate investment trust’s stock worth $598,076,000 after buying an additional 790,844 shares in the last quarter. Finally, BlackRock Fund Advisors raised its position in General Growth Properties by 3.7% in the second quarter. BlackRock Fund Advisors now owns 18,055,996 shares of the real estate investment trust’s stock worth $538,430,000 after buying an additional 642,925 shares in the last quarter. Institutional investors own 95.01% 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

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