BlackRock Advisors LLC boosted its position in General Growth Properties Inc. (NYSE:GGP) by 2.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,166,681 shares of the real estate investment trust’s stock after buying an additional 24,734 shares during the period. BlackRock Advisors LLC owned approximately 0.13% of General Growth Properties worth $34,791,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in GGP. Shine Investment Advisory Services Inc. boosted its stake in General Growth Properties by 0.7% in the second quarter. Shine Investment Advisory Services Inc. now owns 11,111 shares of the real estate investment trust’s stock worth $331,000 after buying an additional 74 shares in the last quarter. LS Investment Advisors LLC boosted its stake in shares of General Growth Properties by 0.5% in the second quarter. LS Investment Advisors LLC now owns 20,550 shares of the real estate investment trust’s stock worth $613,000 after buying an additional 109 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of General Growth Properties by 2.8% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,382 shares of the real estate investment trust’s stock worth $189,000 after buying an additional 173 shares during the period. Phocas Financial Corp. boosted its stake in shares of General Growth Properties by 0.9% in the first quarter. Phocas Financial Corp. now owns 25,867 shares of the real estate investment trust’s stock worth $769,000 after buying an additional 221 shares during the period. Finally, Mn Services Vermogensbeheer B.V. boosted its stake in shares of General Growth Properties by 1.6% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 14,491 shares of the real estate investment trust’s stock worth $389,000 after buying an additional 226 shares during the period. Institutional investors and hedge funds own 95.02% of the company’s stock.

General Growth Properties Inc. (NYSE:GGP) opened at 28.24 on Wednesday. The firm has a 50-day moving average price of $29.42 and a 200 day moving average price of $29.08. General Growth Properties Inc. has a 52-week low of $24.43 and a 52-week high of $32.10. The stock has a market capitalization of $24.95 billion, a price-to-earnings ratio of 39.33 and a beta of 1.07.

General Growth Properties (NYSE:GGP) last released its earnings results on Monday, August 1st. The real estate investment trust reported $0.35 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by $0.01. The firm had revenue of $574.60 million for 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 firm’s revenue was down .9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.33 EPS. On average, equities research analysts predict that General Growth Properties Inc. will post $1.53 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Friday, October 14th will be given a dividend of $0.20 per share. This is a positive change from General Growth Properties’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Wednesday, October 12th. This represents a $0.80 dividend on an annualized basis and a yield of 2.83%. General Growth Properties’s payout ratio is currently 105.56%.

A number of brokerages have commented on GGP. BMO Capital Markets reiterated a “buy” rating and set a $32.00 target price on shares of General Growth Properties in a report on Tuesday, August 2nd. Credit Suisse Group AG reiterated an “outperform” rating and set a $33.00 target price (up previously from $32.00) on shares of General Growth Properties in a report on Wednesday, August 3rd. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $35.00 target price on shares of General Growth Properties in a report on Wednesday, August 3rd. Citigroup Inc. 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, August 8th. Finally, Barclays PLC increased their target price on General Growth Properties from $29.00 to $30.00 and gave the company an “equal weight” rating in a report on Tuesday, July 19th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $33.47.

In other General Growth Properties news, EVP Alan J. Barocas sold 125,000 shares of the business’s stock in a transaction on Tuesday, June 28th. The shares were sold at an average price of $29.28, for a total transaction of $3,660,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Tara Marszewski sold 10,419 shares of the business’s stock in a transaction on Friday, August 5th. The stock was sold at an average price of $31.01, for a total transaction of $323,093.19. Following the transaction, the senior vice president now directly owns 7,992 shares of the company’s stock, valued at approximately $247,831.92. The disclosure for this sale can be found here. Company insiders own 40.70% of the company’s stock.

General Growth Properties Company Profile

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 & 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 companies with Analyst Ratings Network's FREE daily email newsletter.