Sentry Investment Management LLC acquired a new stake in GGP Inc (NYSE:GGP) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 45,106 shares of the real estate investment trust’s stock, valued at approximately $1,055,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nationwide Fund Advisors boosted its stake in GGP by 117.8% in the third quarter. Nationwide Fund Advisors now owns 415,514 shares of the real estate investment trust’s stock valued at $8,630,000 after acquiring an additional 224,759 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of GGP by 2.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 173,572 shares of the real estate investment trust’s stock worth $4,060,000 after buying an additional 3,623 shares during the period. Strs Ohio boosted its stake in shares of GGP by 3.1% during the fourth quarter. Strs Ohio now owns 841,434 shares of the real estate investment trust’s stock worth $19,681,000 after buying an additional 25,664 shares during the period. Havens Advisors LLC acquired a new stake in shares of GGP during the fourth quarter worth about $5,263,000. Finally, State of Alaska Department of Revenue boosted its stake in shares of GGP by 10.4% during the fourth quarter. State of Alaska Department of Revenue now owns 410,327 shares of the real estate investment trust’s stock worth $9,595,000 after buying an additional 38,727 shares during the period. Institutional investors own 92.98% of the company’s stock.
Shares of GGP Inc (GGP) traded down $0.14 during trading hours on Thursday, reaching $21.11. 2,399,907 shares of the company were exchanged, compared to its average volume of 4,927,874. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market capitalization of $19,950.00, a P/E ratio of 30.59, a P/E/G ratio of 2.38 and a beta of 0.90. GGP Inc has a 1 year low of $18.83 and a 1 year high of $24.37.
GGP (NYSE:GGP) last announced its quarterly earnings data on Wednesday, February 7th. The real estate investment trust reported $0.21 EPS for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.01. The firm had revenue of $627.40 million during the quarter, compared to the consensus estimate of $646.14 million. GGP had a net margin of 28.24% and a return on equity of 7.87%. The firm’s revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.43 earnings per share. analysts predict that GGP Inc will post 1.56 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Friday, April 13th will be given a $0.22 dividend. The ex-dividend date of this dividend is Thursday, April 12th. This represents a $0.88 dividend on an annualized basis and a yield of 4.17%. GGP’s payout ratio is currently 127.54%.
Several equities research analysts have recently weighed in on GGP shares. Boenning Scattergood set a $35.00 target price on shares of GGP and gave the stock a “buy” rating in a research note on Tuesday, November 14th. Zacks Investment Research downgraded shares of GGP from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. Barclays decreased their target price on shares of GGP from $24.00 to $23.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 30th. Sandler O’Neill downgraded shares of GGP from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Finally, Mizuho reiterated a “hold” rating and set a $22.00 target price on shares of GGP in a research note on Friday, February 16th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. GGP currently has an average rating of “Hold” and an average target price of $24.79.
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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