Zurcher Kantonalbank Zurich Cantonalbank Has $4.06 Million Stake in GGP Inc (GGP)

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in GGP Inc (NYSE:GGP) by 2.1% in the fourth quarter, Holdings Channel reports. The fund owned 173,572 shares of the real estate investment trust’s stock after purchasing an additional 3,623 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in GGP were worth $4,060,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GGP. Schwab Charles Investment Management Inc. grew its position in shares of GGP by 8.6% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 5,995,123 shares of the real estate investment trust’s stock valued at $140,226,000 after purchasing an additional 475,079 shares during the period. APG Asset Management US Inc. grew its position in shares of GGP by 34.7% in the fourth quarter. APG Asset Management US Inc. now owns 4,243,500 shares of the real estate investment trust’s stock valued at $99,255,000 after purchasing an additional 1,092,500 shares during the period. Presima Inc. grew its position in shares of GGP by 341.0% in the fourth quarter. Presima Inc. now owns 1,076,500 shares of the real estate investment trust’s stock valued at $25,179,000 after purchasing an additional 832,400 shares during the period. Strs Ohio grew its position in shares of GGP by 3.1% in the fourth quarter. Strs Ohio now owns 841,434 shares of the real estate investment trust’s stock valued at $19,681,000 after purchasing an additional 25,664 shares during the period. Finally, National Pension Service grew its position in shares of GGP by 15.7% in the fourth quarter. National Pension Service now owns 709,450 shares of the real estate investment trust’s stock valued at $16,594,000 after purchasing an additional 96,057 shares during the period. 95.41% of the stock is owned by institutional investors.

Shares of GGP Inc (GGP) opened at $21.62 on Friday. GGP Inc has a 1 year low of $18.83 and a 1 year high of $25.72. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.35 and a current ratio of 1.00. The stock has a market capitalization of $21,018.88, a PE ratio of 13.65, a price-to-earnings-growth ratio of 2.39 and a beta of 0.84.

GGP (NYSE:GGP) last posted its quarterly earnings results on Wednesday, February 7th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.01. GGP had a return on equity of 7.87% and a net margin of 28.24%. The firm had revenue of $627.40 million during the quarter, compared to the consensus estimate of $646.14 million. During the same quarter in the previous year, the business earned $0.43 earnings per share. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. equities research analysts forecast that GGP Inc will post 1.59 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Friday, April 13th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date is Thursday, April 12th. GGP’s dividend payout ratio (DPR) is presently 127.54%.

A number of equities research analysts have recently commented on GGP shares. BMO Capital Markets set a $22.00 price objective on GGP and gave the company a “hold” rating in a research report on Tuesday, October 31st. Boenning Scattergood set a $35.00 price objective on GGP and gave the company a “buy” rating in a research report on Wednesday, November 1st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $24.00 price objective on shares of GGP in a research report on Wednesday, November 1st. SunTrust Banks set a $26.00 price objective on GGP and gave the company a “buy” rating in a research report on Tuesday, October 31st. Finally, Zacks Investment Research downgraded 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 issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $25.08.

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GGP 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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Institutional Ownership by Quarter for GGP (NYSE:GGP)

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