California State Teachers Retirement System decreased its stake in GGP Inc (NYSE:GGP) by 0.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,087,936 shares of the real estate investment trust’s stock after selling 3,873 shares during the quarter. California State Teachers Retirement System owned 0.11% of GGP worth $25,447,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in the business. Two Sigma Investments LP lifted its stake in GGP by 101.6% in the fourth quarter. Two Sigma Investments LP now owns 2,485,710 shares of the real estate investment trust’s stock valued at $58,141,000 after buying an additional 1,252,946 shares during the period. Two Sigma Advisers LP lifted its stake in GGP by 1,399.9% in the fourth quarter. Two Sigma Advisers LP now owns 155,941 shares of the real estate investment trust’s stock valued at $3,647,000 after buying an additional 145,544 shares during the period. York Capital Management Global Advisors LLC acquired a new position in GGP in the fourth quarter valued at about $20,104,000. Teachers Insurance & Annuity Association of America lifted its stake in GGP by 9.4% in the fourth quarter. Teachers Insurance & Annuity Association of America now owns 674,285 shares of the real estate investment trust’s stock valued at $15,772,000 after buying an additional 57,657 shares during the period. Finally, QS Investors LLC increased its holdings in shares of GGP by 20.6% in the fourth quarter. QS Investors LLC now owns 57,269 shares of the real estate investment trust’s stock worth $1,340,000 after acquiring an additional 9,795 shares in the last quarter. 95.89% of the stock is currently owned by hedge funds and other institutional investors.
GGP Inc (NYSE:GGP) opened at $21.72 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.51. The stock has a market capitalization of $20,700.29, a PE ratio of 31.48, a P/E/G ratio of 2.41 and a beta of 0.90. GGP Inc has a fifty-two week low of $18.83 and a fifty-two week high of $24.37.
GGP (NYSE:GGP) last posted its quarterly earnings data on Wednesday, February 7th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.01. The business had revenue of $627.40 million during the quarter, compared to the consensus estimate of $646.14 million. GGP had a return on equity of 7.87% and a net margin of 28.24%. GGP’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period last year, the company earned $0.43 earnings per share. analysts anticipate that GGP Inc will post 1.57 EPS for the current 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 issued a dividend of $0.22 per share. The ex-dividend date is Thursday, April 12th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.05%. GGP’s payout ratio is presently 127.54%.
Several brokerages have issued reports on GGP. Zacks Investment Research downgraded GGP from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Boenning Scattergood set a $35.00 price target on GGP and gave the stock a “buy” rating in a report on Wednesday, December 6th. Barclays lowered their price target on GGP from $24.00 to $23.00 and set an “equal weight” rating for the company in a report on Tuesday, January 30th. Sandler O’Neill downgraded GGP from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Finally, ValuEngine downgraded GGP from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $24.77.
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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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