General Growth Properties, Inc. (NYSE:GGP) was the target of some unusual options trading on Monday. Stock traders purchased 14,582 call options on the stock. This represents an increase of 576% compared to the average daily volume of 2,156 call options.

Several analysts recently issued reports on the company. BidaskClub upgraded General Growth Properties from a “sell” rating to a “hold” rating in a research note on Saturday, June 17th. Goldman Sachs Group, Inc. (The) downgraded General Growth Properties from a “neutral” rating to a “sell” rating and reduced their price target for the company from $23.00 to $22.00 in a research note on Tuesday, June 20th. Zacks Investment Research downgraded General Growth Properties from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. Barclays PLC reduced their price target on General Growth Properties from $25.00 to $24.00 and set an “equal weight” rating for the company in a research note on Friday, June 9th. Finally, Stifel Nicolaus assumed coverage on General Growth Properties in a research note on Friday, July 14th. They issued a “buy” rating and a $27.00 price target for the company. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $26.67.

General Growth Properties (NYSE:GGP) opened at 21.12 on Thursday. The firm has a 50-day moving average price of $21.88 and a 200 day moving average price of $22.90. General Growth Properties has a one year low of $20.31 and a one year high of $29.35. The firm has a market capitalization of $18.61 billion, a PE ratio of 17.72 and a beta of 0.75.

General Growth Properties (NYSE:GGP) last posted its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.35 by $0.22. General Growth Properties had a return on equity of 13.57% and a net margin of 50.01%. The company had revenue of $555.80 million during the quarter, compared to the consensus estimate of $576.75 million. During the same period in the previous year, the business earned $0.35 earnings per share. Analysts anticipate that General Growth Properties will post $0.57 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Friday, October 13th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date is Thursday, October 12th. General Growth Properties’s payout ratio is currently 73.95%.

Several institutional investors have recently bought and sold shares of the company. Cleararc Capital Inc. boosted its holdings in shares of General Growth Properties by 0.7% in the first quarter. Cleararc Capital Inc. now owns 14,287 shares of the real estate investment trust’s stock worth $331,000 after acquiring an additional 97 shares during the period. 1st Global Advisors Inc. boosted its holdings in shares of General Growth Properties by 1.9% in the first quarter. 1st Global Advisors Inc. now owns 24,306 shares of the real estate investment trust’s stock worth $563,000 after acquiring an additional 455 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in shares of General Growth Properties by 0.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 61,246 shares of the real estate investment trust’s stock worth $1,420,000 after acquiring an additional 500 shares during the period. King Luther Capital Management Corp boosted its holdings in shares of General Growth Properties by 2.9% in the first quarter. King Luther Capital Management Corp now owns 19,185 shares of the real estate investment trust’s stock worth $445,000 after acquiring an additional 544 shares during the period. Finally, Intrust Bank NA boosted its holdings in shares of General Growth Properties by 5.3% in the first quarter. Intrust Bank NA now owns 17,709 shares of the real estate investment trust’s stock worth $411,000 after acquiring an additional 888 shares during the period. 95.32% of the stock is owned by hedge funds and other institutional investors.

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About General Growth Properties

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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