Q1 2018 Earnings Estimate for General Growth Properties, Inc. Issued By Boenning Scattergood (GGP)

General Growth Properties, Inc. (NYSE:GGP) – Investment analysts at Boenning Scattergood dropped their Q1 2018 earnings per share estimates for shares of General Growth Properties in a research report issued to clients and investors on Wednesday. Boenning Scattergood analyst F. Van. Dijkum now forecasts that the real estate investment trust will post earnings of $0.37 per share for the quarter, down from their prior forecast of $0.38. Boenning Scattergood currently has a “Buy” rating and a $35.00 target price on the stock. Boenning Scattergood also issued estimates for General Growth Properties’ Q2 2018 earnings at $0.36 EPS, Q3 2018 earnings at $0.39 EPS, Q4 2018 earnings at $0.46 EPS and FY2018 earnings at $1.58 EPS.

A number of other equities research analysts have also commented on GGP. Citigroup decreased their price objective on General Growth Properties from $30.00 to $27.50 and set a “buy” rating for the company in a research report on Monday, August 14th. J P Morgan Chase & Co upgraded General Growth Properties from a “neutral” rating to an “overweight” rating and set a $25.00 price objective for the company in a research report on Tuesday, September 26th. Stifel Nicolaus restated a “buy” rating and set a $24.00 price objective on shares of General Growth Properties in a research report on Wednesday, November 1st. Royal Bank Of Canada decreased their price objective on General Growth Properties from $28.00 to $25.00 and set an “outperform” rating for the company in a research report on Thursday, August 17th. Finally, BMO Capital Markets began coverage on General Growth Properties in a research report on Monday, September 11th. They set a “market perform” rating and a $22.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $25.46.

Shares of General Growth Properties (NYSE:GGP) opened at $23.43 on Friday. General Growth Properties has a 1 year low of $18.83 and a 1 year high of $26.63. The company has a market capitalization of $22,160.00, a PE ratio of 15.00, a price-to-earnings-growth ratio of 2.50 and a beta of 0.86. 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 also recently declared 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. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.88 annualized dividend and a dividend yield of 3.76%. General Growth Properties’s dividend payout ratio is 123.94%.

Institutional investors have recently made changes to their positions in the company. Tredje AP fonden lifted 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 buying an additional 7,007 shares during the last quarter. Toronto Dominion Bank lifted its holdings in shares of General Growth Properties by 25.6% during 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 lifted its holdings in shares of General Growth Properties by 117.8% during 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 shares of General Growth Properties during the 2nd quarter valued at about $24,573,000. Finally, UBS Asset Management Americas Inc. lifted its holdings in shares of General Growth Properties by 7.6% during 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. Institutional investors and hedge funds own 97.46% of the company’s stock.

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General Growth Properties 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.

Earnings History and Estimates for General Growth Properties (NYSE:GGP)

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