General Growth Properties, Inc. (NYSE:GGP) saw a large drop in short interest in November. As of November 30th, there was short interest totalling 31,657,668 shares, a drop of 39.7% from the November 15th total of 52,492,806 shares. Approximately 5.1% of the company’s stock are short sold. Based on an average daily volume of 7,782,095 shares, the short-interest ratio is currently 4.1 days.

Hedge funds and other institutional investors have recently modified their holdings of the company. Tredje AP fonden increased its holdings in shares of General Growth Properties by 13.3% during 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 during the last quarter. Toronto Dominion Bank grew its holdings 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 buying an additional 40,266 shares during the last quarter. Nationwide Fund Advisors grew its holdings 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 buying an additional 224,759 shares during the last quarter. Gluskin Sheff & Assoc Inc. acquired a new stake in General Growth Properties in the 2nd quarter valued at approximately $24,573,000. Finally, UBS Asset Management Americas Inc. grew its holdings 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 buying an additional 216,668 shares during the last quarter. 97.46% of the stock is currently owned by institutional investors and hedge funds.

General Growth Properties (GGP) opened at $23.31 on Friday. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.35 and a current ratio of 1.35. The company has a market capitalization of $22,088.56, a PE ratio of 14.97, a PEG ratio of 2.50 and a beta of 0.85. General Growth Properties has a fifty-two week low of $18.83 and a fifty-two week high of $26.43.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Friday, December 15th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date is Thursday, December 14th. General Growth Properties’s dividend payout ratio is 122.22%.

GGP has been the subject of a number of recent research reports. BidaskClub downgraded General Growth Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. BMO Capital Markets initiated coverage on General Growth Properties in a research note on Monday, September 11th. They set a “market perform” rating and a $22.00 price target for the company. J P Morgan Chase & Co raised General Growth Properties from a “neutral” rating to an “overweight” rating and set a $25.00 price target for the company in a research note on Tuesday, September 26th. Boenning Scattergood set a $35.00 price target on General Growth Properties and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $24.00 price target on shares of General Growth Properties in a research note on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. General Growth Properties has an average rating of “Hold” and a consensus price target of $25.46.

ILLEGAL ACTIVITY WARNING: This piece of content was reported by Watch List News and is the property of of Watch List News. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of US and international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://www.watchlistnews.com/general-growth-properties-inc-ggp-short-interest-down-39-7-in-november/1769157.html.

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.

Receive News & Ratings for General Growth Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Growth Properties and related companies with MarketBeat.com's FREE daily email newsletter.