GGP Inc to Post Q1 2019 Earnings of $0.38 Per Share, Boenning Scattergood Forecasts (GGP)
GGP Inc (NYSE:GGP) – Stock analysts at Boenning Scattergood issued their Q1 2019 earnings per share (EPS) estimates for GGP in a research note issued on Tuesday. Boenning Scattergood analyst F. Van. Dijkum expects that the real estate investment trust will earn $0.38 per share for the quarter. Boenning Scattergood has a “Buy” rating and a $35.00 price objective on the stock. Boenning Scattergood also issued estimates for GGP’s Q2 2019 earnings at $0.37 EPS, Q3 2019 earnings at $0.40 EPS, Q4 2019 earnings at $0.47 EPS and FY2019 earnings at $1.62 EPS.
GGP has been the topic of several other reports. JPMorgan Chase & Co. raised shares of GGP from a “neutral” rating to an “overweight” rating and set a $25.00 price target on the stock in a research note on Tuesday, September 26th. BMO Capital Markets set a $22.00 price target on shares of GGP and gave the stock a “hold” rating in a research note on Tuesday, October 31st. Stifel Nicolaus reaffirmed a “buy” rating and set a $24.00 price target on shares of GGP in a research note on Wednesday, November 1st. SunTrust Banks set a $26.00 price target on shares of GGP and gave the stock a “buy” rating in a research note on Tuesday, October 31st. Finally, Zacks Investment Research cut shares of GGP from a “hold” rating to a “sell” rating in a research note on Tuesday. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. GGP has a consensus rating of “Hold” and a consensus price target of $25.33.
GGP (GGP) traded down $0.04 during trading on Wednesday, hitting $23.19. 5,357,815 shares of the company’s stock traded hands, compared to its average volume of 4,359,189. GGP has a one year low of $18.83 and a one year high of $25.91. The firm has a market cap of $21,930.00, a PE ratio of 32.66, a P/E/G ratio of 2.57 and a beta of 0.86. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.35 and a quick ratio of 1.35.
The business also recently announced a quarterly dividend, which was paid on Friday, January 5th. Investors of record on Friday, December 15th were given a $0.22 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.88 annualized dividend and a dividend yield of 3.79%. GGP’s dividend payout ratio is presently 123.94%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC boosted its position in shares of GGP by 34.6% in the fourth quarter. Nisa Investment Advisors LLC now owns 85,600 shares of the real estate investment trust’s stock worth $2,002,000 after acquiring an additional 22,000 shares during the last quarter. Tredje AP fonden boosted its position in shares of GGP by 13.3% in the third quarter. Tredje AP fonden now owns 59,621 shares of the real estate investment trust’s stock worth $1,238,000 after acquiring an additional 7,007 shares during the last quarter. Nationwide Fund Advisors boosted its position in shares of GGP by 117.8% in the third quarter. Nationwide Fund Advisors now owns 415,514 shares of the real estate investment trust’s stock worth $8,630,000 after acquiring an additional 224,759 shares during the last quarter. Toronto Dominion Bank boosted its position in shares of GGP by 25.6% in the second quarter. Toronto Dominion Bank now owns 197,789 shares of the real estate investment trust’s stock worth $4,659,000 after acquiring an additional 40,266 shares during the last quarter. Finally, Gluskin Sheff & Assoc Inc. acquired a new stake in shares of GGP in the second quarter worth approximately $24,573,000. 95.98% of the stock is currently owned by institutional investors and hedge funds.
GGP 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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