Shares of General Growth Properties, Inc. (NYSE:GGP) saw an uptick in trading volume on Monday . 7,029,000 shares traded hands during trading, an increase of 13% from the previous session’s volume of 6,215,245 shares.The stock last traded at $22.20 and had previously closed at $22.00.

A number of research firms have recently commented on GGP. Zacks Investment Research downgraded shares of General Growth Properties from a “hold” rating to a “sell” rating in a report on Monday, July 17th. BidaskClub raised shares of General Growth Properties from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Sandler O’Neill downgraded shares of General Growth Properties from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $31.00 to $24.00 in a report on Thursday, August 3rd. Boenning Scattergood reaffirmed a “buy” rating and set a $34.50 price objective on shares of General Growth Properties in a report on Wednesday, November 8th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $28.00 price objective on shares of General Growth Properties in a report on Friday, August 4th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $25.42.

The company has a market capitalization of $21,000.69, a PE ratio of 14.23, a PEG ratio of 2.25 and a beta of 0.78. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.68.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Friday, December 15th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date is Thursday, December 14th. General Growth Properties’s dividend payout ratio (DPR) is currently 122.22%.

Several institutional investors have recently made changes to their positions in the stock. OppenheimerFunds Inc. increased its position in shares of General Growth Properties by 29.5% during the 1st quarter. OppenheimerFunds Inc. now owns 14,120 shares of the real estate investment trust’s stock worth $327,000 after purchasing an additional 3,217 shares in the last quarter. Tredje AP fonden increased its position in General Growth Properties by 13.3% in the 3rd quarter. Tredje AP fonden now owns 59,621 shares of the real estate investment trust’s stock valued at $1,238,000 after acquiring an additional 7,007 shares in the last quarter. Toronto Dominion Bank increased its position in General Growth Properties by 25.6% in the 2nd quarter. Toronto Dominion Bank now owns 197,789 shares of the real estate investment trust’s stock valued at $4,659,000 after acquiring an additional 40,266 shares in the last quarter. UBS Asset Management Americas Inc. increased its position in General Growth Properties by 7.6% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 3,051,935 shares of the real estate investment trust’s stock valued at $71,904,000 after acquiring an additional 216,668 shares in the last quarter. Finally, Nationwide Fund Advisors increased its position in General Growth Properties by 117.8% in the 3rd quarter. Nationwide Fund Advisors now owns 415,514 shares of the real estate investment trust’s stock valued at $8,630,000 after acquiring an additional 224,759 shares in the last quarter. Institutional investors and hedge funds own 88.74% of the company’s stock.

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General Growth Properties 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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