GGP Company Profile (NYSE:GGP)


GGP logoGGP 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. As of December 31, 2016, the Company owned, either entirely or with joint venture partners, 127 retail properties located throughout the United States comprising approximately 125 million square feet of gross leasable area (GLA). As of December 31, 2016, the Company's retail properties included 200 Lafayette, The Shoppes at Buckland Hills, Northridge Fashion Center, Brass Mill Center, Jordan Creek Town Center, Westroads Mall and Stonestown Galleria. The Company's business is conducted through GGP Operating Partnership, LP (GGPOP), GGP Nimbus, LP (GGPN) and GGP Limited Partnership (GGPLP, and together with GGPN and GGPOP, the Operating Partnerships), subsidiaries of GGP.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: REIT - Retail
  • Sub-Industry: Retail REITs
  • Symbol: NYSE:GGP
  • CUSIP: 37002310
  • Web:
  • Market Cap: $20.95 billion
  • Outstanding Shares: 884,505,000
Average Prices:
  • 50 Day Moving Avg: $22.73
  • 200 Day Moving Avg: $24.28
  • 52 Week Range: $21.05 - $32.10
  • Trailing P/E Ratio: 18.95
  • Foreward P/E Ratio: 38.21
  • P/E Growth: 7.41
Sales & Book Value:
  • Annual Revenue: $2.54 billion
  • Price / Sales: 8.25
  • Book Value: $9.35 per share
  • Price / Book: 2.53
  • Annual Dividend: $0.88
  • Dividend Yield: 3.9%
  • EBIDTA: $1.79 billion
  • Net Margins: 54.91%
  • Return on Equity: 15.52%
  • Return on Assets: 5.57%
  • Debt-to-Equity Ratio: 1.49%
  • Current Ratio: 2.25%
  • Quick Ratio: 2.38%
  • Average Volume: 6.85 million shs.
  • Beta: 0.81
  • Short Ratio: 6.01

Frequently Asked Questions for GGP (NYSE:GGP)

What is GGP's stock symbol?

GGP trades on the New York Stock Exchange (NYSE) under the ticker symbol "GGP."

How often does GGP pay dividends? What is the dividend yield for GGP?

GGP announced a quarterly dividend on Monday, May 1st. Stockholders of record on Thursday, July 13th will be paid a dividend of $0.22 per share on Friday, July 28th. This represents a $0.88 annualized dividend and a dividend yield of 3.71%. The ex-dividend date is Tuesday, July 11th. View GGP's Dividend History.

How were GGP's earnings last quarter?

GGP Inc (NYSE:GGP) announced its quarterly earnings data on Monday, May, 1st. The company reported $0.11 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.36 by $0.25. The firm earned $566.33 million during the quarter, compared to the consensus estimate of $561.66 million. GGP had a return on equity of 15.52% and a net margin of 54.91%. The business's quarterly revenue was down 6.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.40 EPS. View GGP's Earnings History.

When will GGP make its next earnings announcement?

GGP is scheduled to release their next quarterly earnings announcement on Monday, July, 31st 2017. View Earnings Estimates for GGP.

What guidance has GGP issued on next quarter's earnings?

GGP issued an update on its FY17 earnings guidance on Monday, May, 1st. The company provided earnings per share (EPS) guidance of $1.56-1.60 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.58. GGP also updated its Q2 guidance to $0.34-0.36 EPS.

Where is GGP's stock going? Where will GGP's stock price be in 2017?

12 equities research analysts have issued 1-year target prices for GGP's shares. Their forecasts range from $25.00 to $35.00. On average, they anticipate GGP's share price to reach $31.50 in the next twelve months. View Analyst Ratings for GGP.

Are investors shorting GGP?

GGP saw a increase in short interest in May. As of May 15th, there was short interest totalling 47,303,689 shares, an increase of 5.0% from the April 28th total of 45,067,719 shares. Based on an average daily trading volume, of 9,893,682 shares, the days-to-cover ratio is currently 4.8 days. Currently, 7.6% of the shares of the company are short sold.

Who are some of GGP's key competitors?

Who owns GGP stock?

GGP's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.52%), BlackRock Inc. (6.04%), State Street Corp (3.72%), FMR LLC (2.88%), Morgan Stanley (2.35%) and PGGM Investments (1.67%). Company insiders that own GGP stock include Abu Dhabi Investment Authority, Alan J Barocas, John K Haley, Michael B Berman, Sandeep Mathrani and Tara Marszewski. View Institutional Ownership Trends for GGP.

Who sold GGP stock? Who is selling GGP stock?

GGP's stock was sold by a variety of institutional investors in the last quarter, including Prudential Financial Inc., Resolution Capital Ltd, Bank of Montreal Can, Lasalle Investment Management Securities LLC, AXA, Ameriprise Financial Inc., ProShare Advisors LLC and Advantus Capital Management Inc. Company insiders that have sold GGP stock in the last year include Alan J Barocas, John K Haley, Michael B Berman, Sandeep Mathrani and Tara Marszewski. View Insider Buying and Selling for GGP.

Who bought GGP stock? Who is buying GGP stock?

GGP's stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Morgan Stanley, JPMorgan Chase & Co., Vanguard Group Inc., Alliancebernstein L.P., Bank of New York Mellon Corp, Madison International Realty Holdings LLC and Boston Partners. View Insider Buying and Selling for GGP.

How do I buy GGP stock?

Shares of GGP can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of GGP stock cost?

One share of GGP stock can currently be purchased for approximately $23.69.

Analyst Ratings

Consensus Ratings for GGP (NYSE:GGP) (?)
Ratings Breakdown: 3 Hold Ratings, 9 Buy Ratings
Consensus Rating:Buy (Score: 2.75)
Consensus Price Target: $31.50 (32.97% upside)

Analysts' Ratings History for GGP (NYSE:GGP)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
5/15/2017Royal Bank of CanadaLower Price TargetOutperform$29.00 -> $28.00N/AView Rating Details
5/11/2017ValuEngineUpgradeHold -> BuyLowView Rating Details
4/19/2017Barclays PLCReiterated RatingEqual Weight$26.00 -> $25.00LowView Rating Details
1/12/2017BMO Capital MarketsReiterated RatingBuy$31.00N/AView Rating Details
1/9/2017Deutsche Bank AGReiterated RatingBuy -> Hold$36.00 -> $27.00N/AView Rating Details
12/23/2016MizuhoReiterated RatingBuyN/AView Rating Details
10/14/2016Sandler O'NeillUpgradeHold -> Buy$31.00N/AView Rating Details
10/12/2016Oppenheimer Holdings Inc.Reiterated RatingOutperform$35.00N/AView Rating Details
8/31/2016Hilliard LyonsInitiated CoverageNeutralN/AView Rating Details
8/25/2016BTIG ResearchInitiated CoverageBuy$35.00N/AView Rating Details
8/8/2016Citigroup IncBoost Price TargetBuy$34.00 -> $35.00N/AView Rating Details
8/3/2016Credit Suisse Group AGReiterated RatingOutperform$32.00 -> $33.00N/AView Rating Details
5/2/2016Bank of America CorpReiterated RatingBuyN/AView Rating Details
3/21/2016Evercore ISIBoost Price Target$32.00N/AView Rating Details
1/14/2016SunTrust Banks, Inc.Lower Price TargetBuy$35.00 -> $30.00N/AView Rating Details
12/17/2015JPMorgan Chase & Co.DowngradeOverweight -> Neutral$31.00 -> $29.00N/AView Rating Details
12/4/2015Boenning ScattergoodInitiated CoverageOutperform$32.00N/AView Rating Details
10/14/2015Cowen and CompanyBoost Price TargetOutperform$33.50 -> $40.00N/AView Rating Details
9/8/2015Evercore Partners Inc.Lower Price TargetBuy$33.00 -> $32.00N/AView Rating Details
8/12/2015S&P Equity ResearchReiterated RatingBuy$33.00N/AView Rating Details
7/3/2015Goldman Sachs Group IncReiterated RatingNeutralN/AView Rating Details
(Data available from 5/26/2015 forward)


Earnings History for GGP (NYSE:GGP)
Earnings by Quarter for GGP (NYSE:GGP)
Earnings History by Quarter for GGP (NYSE:GGP)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/1/2017Q1 2017$0.36$0.11$561.66 million$566.33 millionViewListenView Earnings Details
1/30/2017Q416$0.43$0.43$602.50 million$610.30 millionViewListenView Earnings Details
10/31/2016Q316$0.35$0.35$564.02 million$554.50 millionViewListenView Earnings Details
8/1/2016Q216$0.36$0.35$577.90 million$574.60 millionViewListenView Earnings Details
5/2/2016Q116$0.35$0.40$583.80 million$607.00 millionViewN/AView Earnings Details
2/1/2016Q415$0.42$0.43$628.02 million$644.60 millionViewN/AView Earnings Details
11/2/2015Q315$0.35$0.36$594.43 million$595.30 millionViewListenView Earnings Details
8/3/2015Q215$0.33$0.33$619.12 million$579.98 millionViewListenView Earnings Details
4/27/2015Q115$0.32$0.32$631.26 million$594.10 millionViewN/AView Earnings Details
1/28/2015Q414$0.38$0.38$683.73 million$673.02 millionViewN/AView Earnings Details
10/27/2014Q314$0.32$0.33$611.70 million$631.80 millionViewN/AView Earnings Details
7/28/2014Q214$0.31$0.31$606.60 million$617.62 millionViewN/AView Earnings Details
4/28/2014Q114$0.30$0.31$612.90 million$631.92 millionViewN/AView Earnings Details
2/3/2014Q413$0.35$0.36$664.08 million$681.40 millionViewN/AView Earnings Details
10/28/2013Q313$0.27$0.29$656.60 million$620.70 millionViewN/AView Earnings Details
7/29/2013Q213$0.25$0.27$675.80 million$613.23 millionViewN/AView Earnings Details
4/29/2013Q113$0.24$0.25$650.02 million$637.80 millionViewN/AView Earnings Details
2/4/2013Q4 2012$0.29$0.31$669.85 million$675.71 millionViewN/AView Earnings Details
10/31/2012$0.23$0.23ViewN/AView Earnings Details
8/1/2012$0.21$0.23ViewN/AView Earnings Details
5/1/2012$0.21$0.22ViewN/AView Earnings Details
11/9/2011$0.22$0.23ViewN/AView Earnings Details
8/2/2011$0.23$0.20ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for GGP (NYSE:GGP)
2017 EPS Consensus Estimate: $1.57
2018 EPS Consensus Estimate: $1.65
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172$0.35$0.36$0.36
Q2 20172$0.34$0.37$0.36
Q3 20172$0.39$0.39$0.39
Q4 20172$0.45$0.48$0.47
Q1 20182$0.38$0.38$0.38
Q2 20182$0.37$0.39$0.38
Q3 20182$0.40$0.41$0.41
Q4 20182$0.47$0.50$0.49
(Data provided by Zacks Investment Research)


Current Dividend Information for GGP (NYSE:GGP)
Next Dividend:7/28/2017
Annual Dividend:$0.88
Dividend Yield:3.71%
Dividend Growth:17.10% (3 Year Average)
Payout Ratio:66.17% (Trailing 12 Months of Earnings)
162.96% (Based on This Year's Estimates)
141.94% (Based on Next Year's Estimates)
Track Record:5 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for GGP (NYSE:GGP)

Dividend History by Quarter for GGP (NYSE:GGP)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for GGP (NYSE:GGP)
Insider Ownership Percentage: 40.70%
Institutional Ownership Percentage: 91.15%
Insider Trades by Quarter for GGP (NYSE:GGP)
Institutional Ownership by Quarter for GGP (NYSE:GGP)
Insider Trades by Quarter for GGP (NYSE:GGP)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
2/16/2017Michael B. BermanCFOSell150,000$25.00$3,750,000.00View SEC Filing  
1/9/2017Tara MarszewskiSVPSell242$25.60$6,195.20View SEC Filing  
8/19/2016Michael B. BermanCFOSell189,474$29.15$5,523,167.10View SEC Filing  
8/17/2016Sandeep MathraniCEOSell400,000$29.66$11,864,000.00View SEC Filing  
8/5/2016John K HaleyDirectorSell3,400$30.96$105,264.00View SEC Filing  
8/5/2016Tara MarszewskiSVPSell10,419$31.01$323,093.19View SEC Filing  
6/28/2016Alan J. BarocasEVPSell125,000$29.28$3,660,000.00View SEC Filing  
6/24/2016Sandeep MathraniCEOSell600,000$28.76$17,256,000.00View SEC Filing  
6/21/2016Michael B. BermanCFOSell90,000$28.60$2,574,000.00View SEC Filing  
4/8/2016Abu Dhabi Investment AuthorityMajor ShareholderSell936$28.81$26,966.16View SEC Filing  
4/6/2016Abu Dhabi Investment AuthorityInsiderSell22,400$29.07$651,168.00View SEC Filing  
12/18/2015Abu Dhabi Investment AuthorityInsiderSell6,051$26.22$158,657.22View SEC Filing  
12/16/2015Abu Dhabi Investment AuthorityInsiderSell59,463$26.71$1,588,256.73View SEC Filing  
11/30/2015Abu Dhabi Investment AuthorityMajor ShareholderSell42,489$25.82$1,097,065.98View SEC Filing  
11/11/2015Abu Dhabi Investment AuthorityMajor ShareholderSell67,049$26.75$1,793,560.75View SEC Filing  
9/18/2015Abu Dhabi Investment AuthorityMajor ShareholderSell58,000$25.73$1,492,340.00View SEC Filing  
9/17/2015Michael B. BermanCFOSell90,000$25.75$2,317,500.00View SEC Filing  
3/25/2015Alan J BarocasEVPSell200,000$30.60$6,120,000.00View SEC Filing  
3/17/2015Sandeep MathraniCEOSell323,450$30.07$9,726,141.50View SEC Filing  
3/13/2015Fund Board Of Guardians FutureMajor ShareholderSell500,000$29.40$14,700,000.00View SEC Filing  
3/12/2015Fund Board Of Guardians FutureMajor ShareholderSell3,667,691$29.21$107,133,254.11View SEC Filing  
3/5/2015Fund Board Of Guardians FutureMajor ShareholderSell2,800,000$29.16$81,648,000.00View SEC Filing  
2/12/2015Fund Board Of Guardians FutureMajor ShareholderSell2,555,000$29.49$75,346,950.00View SEC Filing  
2/9/2015Fund Board Of Guardians FutureMajor ShareholderSell1,550,000$30.24$46,872,000.00View SEC Filing  
9/2/2014Abu Dhabi Investment AuthorityMajor ShareholderSell2,971$24.48$72,730.08View SEC Filing  
9/2/2014Michael B BermanCFOSell160,000$24.51$3,921,600.00View SEC Filing  
6/20/2014Abu Dhabi Investment AuthorityMajor ShareholderSell298,607$23.90$7,136,707.30View SEC Filing  
2/11/2014John HaleyDirectorBuy3,400$20.90$71,060.00View SEC Filing  
12/9/2013Abu Dhabi Investment Authoritymajor shareholderBuy2,568,934$21.17$54,384,332.78View SEC Filing  
(Data available from 1/1/2013 forward)


Headline Trends for GGP (NYSE:GGP)
Latest Headlines for GGP (NYSE:GGP)
DateHeadline logoRetail REIT shares rally as fear of e-commerce competition ebbs - May 25 at 7:46 PM logoLolli & Pops Embraces Brick-and-Mortar Retail with GGP Partnership - May 22 at 11:17 AM logoGGP, Inc. breached its 50 day moving average in a Bullish Manner : GGP-US : May 22, 2017 - May 22 at 11:17 AM logoInvesting in Simon Property Group: Relative Valuation - May 22 at 11:17 AM logoForever 21 to Launch Riley Rose Concept with GGP - Business Wire (press release) - May 19 at 10:14 PM logoForever 21 to Launch Riley Rose Concept with GGP - May 19 at 5:13 PM logoForever 21 is bringing its new beauty boutique, Riley Rose, to malls - May 19 at 5:13 PM logoCan REITs Like Simon Property Group Survive the Fed’s Interest Rate Hikes? - May 19 at 7:52 AM logoGGP Inc (GGP) Lifted to "Hold" at Zacks Investment Research - May 18 at 10:29 AM logoSimon Property Group: A Must-Know Overview - May 18 at 9:56 AM logoLife Time Fitness founder Bahram Akradi has a vision to save retail (and grow his company) - May 17 at 5:25 PM logoGGP Inc (GGP) Short Interest Update - May 14 at 9:15 AM logoLasalle Investment Management Securities Llc Buys GGP Inc, Duke Realty Corp, Ventas Inc, Sells ... - May 12 at 6:05 PM logoWatch Bill Ackman’s full presentation from the 2017 Sohn ... - May 12 at 6:05 PM logoGGP Inc (GGP) Lifted to Buy at ValuEngine - May 12 at 12:06 AM logoPopular national burger chain headed to Uptown - May 11 at 6:01 PM logoBrookfield's Bruce Flatt Takes A Contrarian View On Retail Armageddon - May 11 at 6:01 PM logoMall REITs lead broad-based selloff of real estate-related stocks - May 8 at 5:11 PM logoRoyal Bank of Canada Cuts GGP Inc (GGP) Price Target to $28.00 - May 8 at 10:45 AM logoGGP Inc (GGP) Expected to Post Earnings of $0.35 Per Share - May 5 at 11:45 PM logoRetailer Bebe Avoids Bankruptcy With Landlord Deals: Sources - May 4 at 5:34 PM logoQ2 2017 EPS Estimates for GGP Inc (GGP) Decreased by Boenning Scattergood - May 4 at 12:56 PM logoGGP Inc (GGP) Expected to Post Quarterly Sales of $584.02 Million - May 4 at 12:30 PM logoAew Capital Management L P Buys GGP Inc, RLJ Lodging Trust ... - Nasdaq - May 4 at 12:11 PM logoGGP Inc (GGP) Expected to Post FY2017 Earnings of $1.54 Per Share - May 3 at 1:16 PM logoGGP (GGP) Q1 2017 Results - Earnings Call Transcript - May 2 at 7:45 PM logoGGP Looks Undervalued as It Explores Alternatives - May 2 at 7:45 PM logoEdited Transcript of GGP earnings conference call or presentation 1-May-17 1:00pm GMT - May 2 at 7:45 PM logoWhy GGP Was the S&P 500’s Top Gainer on May 1 - May 2 at 7:45 PM logoZacks: Analysts Expect GGP Inc (GGP) Will Announce Earnings of $0.35 Per Share - May 2 at 3:54 PM logoGGP Inc (GGP) Given Average Rating of "Buy" by Analysts - May 2 at 12:28 AM logoGGP Inc (GGP) Announces Earnings Results, Hits Expectations - May 1 at 6:22 PM logoVerizon, GGP Stumble into Monday’s 52-Week Low Club - May 1 at 5:12 PM logoGGP, Inc. 2017 Q1 - Results - Earnings Call Slides - May 1 at 5:12 PM logoGGP Inc Plans Quarterly Dividend of $0.22 (GGP) - May 1 at 1:20 PM logoBig Tech Reporting Earnings This Week - May 1 at 11:55 AM logoGGP reports 1Q results - May 1 at 11:55 AM logoGGP Inc. (GGP) Q1 FFO In-Line with Estimate - May 1 at 11:55 AM logoGGP Reports First Quarter 2017 Results and Declares Second Quarter Dividend - May 1 at 11:55 AM logoGGP Inc's (GGP) Q1 FFO In Line With Estimates, Down Y/Y - May 1 at 11:55 AM logoGGP Inc (GGP) Updates Q2 Earnings Guidance - May 1 at 11:55 AM logoGGP Inc (GGP) Updates FY17 Earnings Guidance - May 1 at 11:54 AM logoShort Interest in GGP Inc (GGP) Expands By 17.2% - April 30 at 7:24 AM logoSomewhat Positive Press Coverage Somewhat Likely to Impact GGP (GGP) Share Price - April 30 at 12:46 AM logoCadence Bank Na Buys Wyndham Worldwide, Host Hotels & Resorts, GGP, Sells Schlumberger, ... - April 29 at 9:35 AM logoGGP Inc (GGP) Shares Cross 4% Yield Mark - Nasdaq - April 28 at 6:29 PM logoGGP Sees Unusually Large Options Volume (GGP) - April 27 at 11:00 AM logoStock Traders Purchase High Volume of Call Options on GGP (GGP) - April 27 at 8:52 AM logoGGP Inc. (GGP) to Report Q1 Earnings: Will It Disappoint? - Nasdaq - April 27 at 8:04 AM logoGGP Inc. (GGP) to Report Q1 Earnings: Will It Disappoint? - Yahoo Finance - April 27 at 12:57 AM



GGP (GGP) Chart for Friday, May, 26, 2017

This page was last updated on 5/26/2017 by Staff