Several analysts have recently updated their ratings and price targets for General Growth Properties (NYSE: GGP):
General Growth Properties, Inc. (NYSE:GGP) traded down 2.370% during trading on Friday, reaching $24.095. The company had a trading volume of 1,862,187 shares. The company has a 50-day moving average of $25.36 and a 200-day moving average of $27.32. General Growth Properties, Inc. has a 52-week low of $23.89 and a 52-week high of $32.10. The firm has a market capitalization of $21.33 billion, a P/E ratio of 18.678 and a beta of 0.84.
General Growth Properties (NYSE:GGP) last posted its quarterly earnings results on Tuesday, November 1st. The real estate investment trust reported $0.35 EPS for the quarter, missing the consensus estimate of $0.36 by $0.01. General Growth Properties had a net margin of 52.33% and a return on equity of 15.19%. The company had revenue of $554.50 million for the quarter, compared to analysts’ expectations of $564.02 million. During the same quarter in the prior year, the firm earned $0.33 earnings per share. Analysts expect that General Growth Properties, Inc. will post $1.25 EPS for the current fiscal year.
The business also recently declared a special dividend, which will be paid on Friday, January 27th. Stockholders of record on Tuesday, December 27th will be issued a dividend of $0.26 per share. This represents a dividend yield of 3.4%. The ex-dividend date is Thursday, December 22nd. General Growth Properties’s dividend payout ratio is currently 68.22%.
General Growth Properties, Inc (GGP) is a self-administered and self-managed real estate investment trust (REIT). The Company operates through operation, development and management of retail and other rental properties segment. It is engaged in owning and operating retail properties to communities, retailers, employees, consumers and shareholders.