SunTrust Banks, Inc. set a $26.00 price target on General Growth Properties, Inc. (NYSE:GGP) in a report published on Tuesday. The firm currently has a buy rating on the real estate investment trust’s stock.

GGP has been the topic of several other reports. J P Morgan Chase & Co upgraded shares of General Growth Properties from a neutral rating to an overweight rating and set a $25.00 price objective on the stock in a report on Tuesday, September 26th. Zacks Investment Research lowered shares of General Growth Properties from a hold rating to a sell rating in a report on Monday, July 17th. BidaskClub lowered shares of General Growth Properties from a hold rating to a sell rating in a report on Wednesday, August 23rd. Citigroup Inc cut their target price on shares of General Growth Properties from $30.00 to $27.50 and set a buy rating on the stock in a report on Monday, August 14th. Finally, BMO Capital Markets set a $22.00 target price on shares of General Growth Properties and gave the stock a hold rating in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of Hold and an average target price of $25.46.

General Growth Properties (GGP) opened at $19.10 on Tuesday. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.93 and a current ratio of 1.35. The stock has a market cap of $18.61 billion, a price-to-earnings ratio of 12.61, a PEG ratio of 1.99 and a beta of 0.78.

General Growth Properties (NYSE:GGP) last announced its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.22). General Growth Properties had a net margin of 29.96% and a return on equity of 8.34%. The business had revenue of $555.80 million during the quarter, compared to analyst estimates of $576.75 million. During the same quarter in the prior year, the company earned $0.35 earnings per share. equities analysts forecast that General Growth Properties will post 1.59 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This story was originally published by Watch List News and is the sole property of of Watch List News. If you are reading this story on another publication, it was illegally copied and reposted in violation of U.S. and international copyright & trademark law. The legal version of this story can be viewed at https://www.watchlistnews.com/suntrust-banks-inc-reiterates-26-00-price-target-for-general-growth-properties-inc-ggp/1676923.html.

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 given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 4.61%. The ex-dividend date is Thursday, December 14th. General Growth Properties’s dividend payout ratio is 122.22%.

Several hedge funds have recently modified their holdings of the company. UBS Asset Management Americas Inc. increased its position in shares of General Growth Properties by 7.6% during the second quarter. UBS Asset Management Americas Inc. now owns 3,051,935 shares of the real estate investment trust’s stock worth $71,904,000 after acquiring an additional 216,668 shares in the last quarter. Gluskin Sheff & Assoc Inc. bought a new stake in shares of General Growth Properties during the second quarter worth $24,573,000. Renaissance Technologies LLC increased its position in shares of General Growth Properties by 90.9% during the first quarter. Renaissance Technologies LLC now owns 849,500 shares of the real estate investment trust’s stock worth $19,691,000 after acquiring an additional 404,500 shares in the last quarter. Nationwide Fund Advisors increased its position in shares of General Growth Properties by 117.8% during 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 in the last quarter. Finally, Toronto Dominion Bank increased its position in shares of General Growth Properties by 25.6% during 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 in the last quarter. 95.36% of the stock is owned by institutional investors.

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.

Analyst Recommendations for General Growth Properties (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.