Dimensional Fund Advisors LP Boosts Stake in General Growth Properties, Inc. (GGP)

Dimensional Fund Advisors LP boosted its stake in shares of General Growth Properties, Inc. (NYSE:GGP) by 1.8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,793,033 shares of the real estate investment trust’s stock after buying an additional 136,348 shares during the period. Dimensional Fund Advisors LP owned about 0.88% of General Growth Properties worth $180,640,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its position in shares of General Growth Properties by 55.9% in the first quarter. JPMorgan Chase & Co. now owns 8,073,066 shares of the real estate investment trust’s stock valued at $187,133,000 after buying an additional 2,894,391 shares in the last quarter. RidgeWorth Capital Management LLC purchased a new position in shares of General Growth Properties during the fourth quarter valued at about $37,314,000. Vanguard Group Inc. boosted its position in shares of General Growth Properties by 1.5% in the first quarter. Vanguard Group Inc. now owns 84,148,460 shares of the real estate investment trust’s stock valued at $1,950,561,000 after buying an additional 1,257,355 shares in the last quarter. Alliancebernstein L.P. boosted its position in shares of General Growth Properties by 87.6% in the first quarter. Alliancebernstein L.P. now owns 2,644,866 shares of the real estate investment trust’s stock valued at $61,308,000 after buying an additional 1,234,895 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of General Growth Properties by 8.6% in the first quarter. Bank of New York Mellon Corp now owns 13,099,955 shares of the real estate investment trust’s stock valued at $303,657,000 after buying an additional 1,036,217 shares in the last quarter. 94.43% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for General Growth Properties (NYSE:GGP)

General Growth Properties, Inc. (GGP) traded down 1.25% during midday trading on Tuesday, hitting $23.78. 5,712,209 shares of the company traded hands. General Growth Properties, Inc. has a 12-month low of $21.05 and a 12-month high of $32.10. The stock has a market cap of $21.03 billion, a P/E ratio of 19.02 and a beta of 0.81. The stock has a 50 day moving average of $22.85 and a 200 day moving average of $24.01.

General Growth Properties (NYSE:GGP) last released its quarterly earnings results on Monday, May 1st. The real estate investment trust reported $0.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by $0.25. General Growth Properties had a net margin of 52.21% and a return on equity of 14.38%. The company had revenue of $566.33 million during the quarter, compared to analyst estimates of $561.66 million. During the same quarter last year, the business earned $0.40 EPS. The company’s revenue for the quarter was down 6.7% compared to the same quarter last year. Equities research analysts predict that General Growth Properties, Inc. will post $0.51 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 28th. Investors of record on Thursday, July 13th will be given a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, July 11th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.70%. General Growth Properties’s dividend payout ratio (DPR) is 70.97%.

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Several equities analysts have issued reports on GGP shares. Zacks Investment Research cut shares of General Growth Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, April 26th. Royal Bank Of Canada decreased their target price on shares of General Growth Properties from $29.00 to $28.00 and set an “outperform” rating on the stock in a research report on Monday, May 8th. ValuEngine upgraded shares of General Growth Properties from a “hold” rating to a “buy” rating in a research report on Thursday, May 11th. Barclays PLC restated an “equal weight” rating and set a $25.00 target price (down from $26.00) on shares of General Growth Properties in a research report on Wednesday, April 19th. Finally, Mizuho lowered shares of General Growth Properties from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $30.00 to $24.50 in a research report on Tuesday, May 30th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $29.46.

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.

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