Xact Kapitalforvaltning AB lifted its holdings in shares of GGP Inc (NYSE:GGP) by 2.2% during the 1st quarter, HoldingsChannel.com reports. The firm owned 118,315 shares of the real estate investment trust’s stock after purchasing an additional 2,576 shares during the period. Xact Kapitalforvaltning AB’s holdings in GGP were worth $2,421,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bbva Compass Bancshares Inc. bought a new position in shares of GGP during the fourth quarter worth approximately $200,000. Guardian Capital Advisors LP bought a new position in shares of GGP during the fourth quarter worth approximately $207,000. DLD Asset Management LP bought a new position in shares of GGP during the fourth quarter worth approximately $211,000. Signaturefd LLC bought a new position in shares of GGP during the fourth quarter worth approximately $211,000. Finally, Suntrust Banks Inc. bought a new position in GGP in the fourth quarter valued at approximately $215,000. 91.19% of the stock is currently owned by institutional investors.

A number of research analysts recently issued reports on the stock. Boenning Scattergood reissued a “buy” rating on shares of GGP in a research note on Friday, May 4th. ValuEngine cut shares of GGP from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. SunTrust Banks cut shares of GGP from a “buy” rating to a “hold” rating and set a $24.00 price objective on the stock. in a research note on Monday, March 26th. Zacks Investment Research cut shares of GGP from a “buy” rating to a “hold” rating in a research note on Monday, May 7th. Finally, Sandler O’Neill set a $24.00 price objective on shares of GGP and gave the company a “hold” rating in a research note on Tuesday, March 27th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. GGP has an average rating of “Hold” and an average target price of $25.18.

GGP opened at $20.47 on Tuesday, according to MarketBeat. The firm has a market cap of $19.79 billion, a price-to-earnings ratio of 13.04 and a beta of 0.91. GGP Inc has a fifty-two week low of $18.83 and a fifty-two week high of $24.37. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.54.

GGP (NYSE:GGP) last posted its earnings results on Thursday, May 3rd. The real estate investment trust reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). The company had revenue of $574.17 million for the quarter, compared to the consensus estimate of $571.59 million. GGP had a return on equity of 7.43% and a net margin of 26.30%. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.36 EPS. sell-side analysts predict that GGP Inc will post 1.56 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 31st. Shareholders of record on Friday, July 13th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, July 12th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.30%. GGP’s payout ratio is presently 56.05%.

GGP Company Profile

GGP Inc is an S&P 500 company focused exclusively on owning, managing, leasing and redeveloping high-quality retail properties throughout the United States. GGP is headquartered in Chicago, Illinois, and publicly traded on the NYSE under the symbol GGP.

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Institutional Ownership by Quarter for GGP (NYSE:GGP)

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