Royal Bank of Canada reissued their buy rating on shares of GGP (NYSE:GGP) in a research report report published on Monday morning. The brokerage currently has a $24.00 price objective on the real estate investment trust’s stock.
A number of other equities analysts have also recently commented on the company. Sandler O’Neill set a $22.00 target price on GGP and gave the company a sell rating in a report on Thursday, February 8th. Boenning Scattergood set a $35.00 target price on GGP and gave the company a buy rating in a report on Thursday, February 8th. ValuEngine cut GGP from a buy rating to a hold rating in a report on Friday, February 2nd. Barclays reduced their target price on GGP from $24.00 to $23.00 and set an equal weight rating for the company in a report on Tuesday, January 30th. Finally, Zacks Investment Research lowered GGP from a hold rating to a sell rating in a research report on Tuesday, January 9th. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $25.00.
GGP (NYSE GGP) opened at $21.76 on Monday. GGP has a fifty-two week low of $18.83 and a fifty-two week high of $25.69. The company has a market capitalization of $21,525.94, a P/E ratio of 31.54, a price-to-earnings-growth ratio of 2.45 and a beta of 0.84. The company has a current ratio of 1.00, a quick ratio of 1.35 and a debt-to-equity ratio of 1.51.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Friday, April 13th will be given a $0.22 dividend. The ex-dividend date is Thursday, April 12th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.04%. GGP’s dividend payout ratio (DPR) is presently 127.54%.
Hedge funds have recently bought and sold shares of the company. Bbva Compass Bancshares Inc. purchased a new stake in shares of GGP in the fourth quarter valued at approximately $200,000. Guardian Capital Advisors LP purchased a new position in GGP in the fourth quarter worth approximately $207,000. DLD Asset Management LP purchased a new position in GGP in the fourth quarter worth approximately $211,000. Signaturefd LLC purchased a new position in GGP in the fourth quarter worth approximately $211,000. Finally, IBM Retirement Fund purchased a new position in GGP in the fourth quarter worth approximately $214,000. Institutional investors and hedge funds own 95.31% of the company’s stock.
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.
Receive News & Ratings for GGP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GGP and related companies with MarketBeat.com's FREE daily email newsletter.