Today, 4,081 Shares of General Growth Properties Inc. (GGP) are sold by Alps Advisors Inc.

Today, 4,081 Shares of General Growth Properties Inc. (GGP) are sold by Alps Advisors Inc.

Alps Advisors Inc. reduced its stake in General Growth Properties Inc. (NYSE:GGP) by 6.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 62,295 shares of the real estate investment trust’s stock after selling 4,081 shares during the period. Alps Advisors Inc.’s holdings in General Growth Properties were worth $1,719,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Iowa State Bank purchased a new stake in shares of General Growth Properties during the second quarter worth $122,000. Checchi Capital Advisers LLC boosted its stake in shares of General Growth Properties by 25.7% in the second quarter. Checchi Capital Advisers LLC now owns 5,206 shares of the real estate investment trust’s stock worth $155,000 after buying an additional 1,066 shares during the last quarter. Advisor Group Inc. purchased a new stake in shares of General Growth Properties during the second quarter worth $184,000. Global X Management Co. LLC boosted its stake in shares of General Growth Properties by 47.2% in the second quarter. Global X Management Co. LLC now owns 6,236 shares of the real estate investment trust’s stock worth $186,000 after buying an additional 1,999 shares during the last quarter. Finally, QUANTRES ASSET MANAGEMENT Ltd purchased a new stake in shares of General Growth Properties during the third quarter worth $226,000. 95.58% of the stock is owned by institutional investors.

Shares of General Growth Properties Inc. (NYSE:GGP) traded up 0.08% during midday trading on Friday, reaching $25.43. 1,696,725 shares of the company’s stock traded hands. General Growth Properties Inc. has a 52-week low of $23.89 and a 52-week high of $32.10. The stock has a 50 day moving average of $25.50 and a 200-day moving average of $28.09. The stock has a market cap of $22.51 billion, a price-to-earnings ratio of 19.71 and a beta of 0.86.

General Growth Properties (NYSE:GGP) last issued its quarterly earnings results on Tuesday, November 1st. The real estate investment trust reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.36 by $0.01. The business had revenue of $554.50 million for the quarter, compared to the consensus estimate of $564.02 million. General Growth Properties had a return on equity of 15.19% and a net margin of 52.33%. During the same period in the prior year, the business earned $0.33 earnings per share. On average, equities research analysts expect that General Growth Properties Inc. will post $1.53 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 6th. Stockholders of record on Thursday, December 15th will be paid a dividend of $0.22 per share. This is a boost from General Growth Properties’s previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a dividend yield of 3.46%. The ex-dividend date is Tuesday, December 13th. General Growth Properties’s dividend payout ratio (DPR) is currently 62.02%.

A number of analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of General Growth Properties from a “sell” rating to a “hold” rating in a research note on Tuesday. Sandler O’Neill upgraded shares of General Growth Properties from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research note on Friday, October 14th. Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $35.00 price objective on shares of General Growth Properties in a research note on Wednesday, October 12th. Hilliard Lyons assumed coverage on shares of General Growth Properties in a research note on Wednesday, August 31st. They issued a “neutral” rating for the company. Finally, BTIG Research assumed coverage on shares of General Growth Properties in a research note on Thursday, August 25th. They issued a “buy” rating and a $35.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $32.87.

About General Growth Properties

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.

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