BMO Capital Markets reiterated their buy rating on shares of General Growth Properties, Inc. (NYSE:GGP) in a research note released on Thursday morning. The firm currently has a $31.00 price objective on the real estate investment trust’s stock.

Several other analysts also recently commented on GGP. Oppenheimer Holdings, Inc. restated an outperform rating and set a $35.00 price objective on shares of General Growth Properties in a research report on Wednesday, October 12th. Sandler O’Neill upgraded shares of General Growth Properties from a hold rating to a buy rating and set a $31.00 price objective on the stock in a research report on Friday, October 14th. Zacks Investment Research downgraded shares of General Growth Properties from a hold rating to a sell rating in a research report on Wednesday, November 16th. Mizuho restated a buy rating on shares of General Growth Properties in a research report on Friday, December 23rd. Finally, RBC Capital Markets restated a buy rating and set a $33.00 price objective on shares of General Growth Properties in a research report on Tuesday, January 3rd. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock has an average rating of Buy and an average target price of $32.14.

Analyst Recommendations for General Growth Properties (NYSE:GGP)

General Growth Properties (NYSE:GGP) traded down 0.32% during mid-day trading on Thursday, reaching $24.82. 2,456,508 shares of the company’s stock traded hands. The firm has a market cap of $21.97 billion, a price-to-earnings ratio of 19.24 and a beta of 0.84. The firm’s 50-day moving average price is $25.51 and its 200 day moving average price is $27.64. General Growth Properties has a one year low of $23.89 and a one year high of $32.10.

General Growth Properties (NYSE:GGP) last announced its quarterly earnings data on Tuesday, November 1st. The real estate investment trust reported $0.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by $0.01. The firm had revenue of $554.50 million for the quarter, compared to the consensus estimate of $564.02 million. General Growth Properties had a net margin of 52.33% and a return on equity of 15.19%. During the same quarter in the previous year, the business earned $0.33 earnings per share. On average, equities analysts forecast that General Growth Properties will post $1.12 EPS for the current year.

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The company also recently declared a special dividend, which will be paid on Friday, January 27th. Investors of record on Tuesday, December 27th will be paid a dividend of $0.26 per share. The ex-dividend date is Thursday, December 22nd. This represents a dividend yield of 3.4%. General Growth Properties’s dividend payout ratio is presently 68.22%.

Several institutional investors have recently added to or reduced their stakes in GGP. Daiwa Securities Group Inc. boosted its position in 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 worth $512,607,000 after buying an additional 5,789,692 shares in the last quarter. FMR LLC boosted 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. Lasalle Investment Management Securities LLC boosted its position in General Growth Properties by 59.1% in the third quarter. Lasalle Investment Management Securities LLC now owns 10,681,344 shares of the real estate investment trust’s stock worth $294,805,000 after buying an additional 3,966,209 shares in the last quarter. Standard Life Investments LTD boosted its position in General Growth Properties by 382.9% in the third quarter. Standard Life Investments LTD now owns 3,985,099 shares of the real estate investment trust’s stock worth $110,009,000 after buying an additional 3,159,772 shares in the last quarter. Finally, Shinko Asset Management Co. Ltd. boosted its position in General Growth Properties by 173.0% in the third quarter. Shinko Asset Management Co. Ltd. now owns 3,725,532 shares of the real estate investment trust’s stock worth $102,825,000 after buying an additional 2,360,775 shares in the last quarter. 90.99% of the stock is owned by hedge funds and other institutional investors.

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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