General Growth Properties Company Profile (NYSE:GGP)

About General Growth Properties

General Growth Properties logoGeneral 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. The Company owns, either entirely or with joint venture partners, over 130 retail properties located across the United States comprising approximately 130 million square feet of gross leasable area (GLA). 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 the Operating Partnerships), subsidiaries of GGP. The Company's properties include Ala Moana Center, Boise Towne Square, Coral Ridge Mall, Crossroads Center, Fashion Show, Lynnhaven Mall, Mondawmin Mall, North Point Mall, Oak View Mall, Park City Center and Owings Mills Mall.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: REIT - Retail
  • Sub-Industry: Retail REITs
  • Exchange: NYSE
  • Symbol: GGP
  • CUSIP: 37002310
Key Metrics:
  • Previous Close: $29.05
  • 50 Day Moving Average: $30.70
  • 200 Day Moving Average: $28.80
  • Trailing P/E Ratio: 40.92
  • Foreward P/E Ratio: 18.36
  • P/E Growth: 2.93
  • Market Cap: $25.95B
  • Outstanding Shares: 883,380,000
  • Beta: 1.18
Additional Links:
Companies Related to General Growth Properties:

Analyst Ratings

Consensus Ratings for General Growth Properties (NYSE:GGP) (?)
Ratings Breakdown: 2 Hold Ratings, 14 Buy Ratings
Consensus Rating:Buy (Score: 2.88)
Consensus Price Target: $33.47 (13.91% upside)

Analysts' Ratings History for General Growth Properties (NYSE:GGP)
Show:
DateFirmActionRatingPrice TargetDetails
8/25/2016BTIG ResearchInitiated CoverageBuy$35.00View Rating Details
8/18/2016Barclays PLCBoost Price TargetEqual Weight$30.00 -> $32.00View Rating Details
8/17/2016Deutsche Bank AGBoost Price TargetBuy$35.00 -> $37.00View Rating Details
8/8/2016Citigroup Inc.Boost Price TargetBuy$34.00 -> $35.00View Rating Details
8/3/2016Oppenheimer Holdings Inc.Reiterated RatingOutperform$35.00View Rating Details
8/3/2016Credit Suisse Group AGReiterated RatingOutperform$32.00 -> $33.00View Rating Details
8/2/2016BMO Capital MarketsReiterated RatingBuy$32.00View Rating Details
6/17/2016MizuhoReiterated RatingBuy$35.00View Rating Details
5/2/2016Bank of America Corp.Reiterated RatingBuyView Rating Details
3/21/2016Evercore ISIBoost Price Target$32.00View Rating Details
2/3/2016Royal Bank Of CanadaReiterated RatingOutperform$32.00 -> $33.00View Rating Details
1/14/2016SunTrust Banks Inc.Lower Price TargetBuy$35.00 -> $30.00View Rating Details
12/17/2015JPMorgan Chase & Co.DowngradeOverweight -> Neutral$31.00 -> $29.00View Rating Details
12/4/2015Boenning ScattergoodInitiated CoverageOutperform$32.00View Rating Details
10/14/2015Cowen and CompanyBoost Price TargetOutperform$33.50 -> $40.00View Rating Details
9/8/2015Evercore Partners Inc.Lower Price TargetBuy$33.00 -> $32.00View Rating Details
8/12/2015S&P Equity ResearchReiterated RatingBuy$33.00View Rating Details
7/3/2015Goldman Sachs Group Inc.Reiterated RatingNeutralView Rating Details
1/29/2015Stifel NicolausBoost Price TargetBuy$32.00 -> $33.00View Rating Details
(Data available from 8/26/2014 forward)

Earnings

Earnings History for General Growth Properties (NYSE:GGP)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/31/2016        
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$661.63 millionViewN/AView Earnings Details
10/27/2014Q314$0.31$0.33$611.70 million$631.80 millionViewN/AView Earnings Details
7/28/2014Q214$0.30$0.31$606.60 million$617.62 millionViewN/AView Earnings Details
4/28/2014Q114$30.00$0.31$619.60 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)

Estimates

Earnings Estimates for General Growth Properties (NYSE:GGP)
Current Year EPS Consensus Estimate: $1.54 EPS
Next Year EPS Consensus Estimate: $1.6 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20162$0.34$0.35$0.35
Q2 20162$0.35$0.36$0.36
Q3 20162$0.35$0.36$0.36
Q4 20162$0.42$0.44$0.43
Q1 20172$0.38$0.39$0.39
Q2 20172$0.38$0.38$0.38
Q3 20172$0.38$0.38$0.38
Q4 20172$0.43$0.46$0.45
Q1 20181$0.40$0.40$0.40
Q2 20181$0.40$0.40$0.40
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for General Growth Properties (NYSE:GGP)
Annual Dividend:$0.76
Dividend Yield:2.59%
Payout Ratio:105.56% (Based on Trailing 12 Months of Earnings)
49.35% (Based on Current Year Consensus EPS Estimate)
47.50% (Based on Next Year Consensus EPS Estimate)
Dividend Growth:-5.10% (3 Year Average)

Dividend History for General Growth Properties (NYSE:GGP)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
8/1/2016quarterly$0.202.56%10/12/201610/14/201610/31/2016
5/2/2016quarterly$0.192.62%7/13/20167/15/20167/29/2016
2/1/2016quarterly$0.192.65%4/13/20164/15/20164/29/2016
11/2/2015quarterly$0.192.65%12/11/201512/15/20151/4/2016
9/1/2015quarterly$0.182.87%10/13/201510/15/201510/30/2015
5/21/2015quarterly$0.172.4%7/13/20157/15/20157/31/2015
2/19/2015quarterly$0.172.3%4/13/20154/15/20154/30/2015
11/14/2014quarterly$0.172.63%12/11/201512/15/20141/2/2015
8/12/2014quarterly$0.162.66%10/10/201410/15/201410/31/2014
5/15/2014quarterly$0.152.54%7/11/20147/15/20147/31/2014
2/26/2014quarterly$0.152.7%4/11/20144/15/20144/30/2014
10/29/2013quarterly$0.142.63%12/11/201312/13/20131/2/2014
7/30/2013quarterly$0.132.43%10/10/201310/15/201310/29/2013
5/13/2013quarterly$0.122.1%7/12/20137/16/20137/30/2013
2/4/2013quarterly$0.122.38%4/12/20134/16/20134/30/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for General Growth Properties (NYSE:GGP)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
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)

Headlines

Latest Headlines for General Growth Properties (NYSE:GGP)
DateHeadline
News IconBTIG Research Initiates Coverage at General Growth Properties Inc. (NYSE: GGP) - BNB Daily (blog) (NYSE:GGP)
www.baseball-news-blog.com - August 26 at 8:11 AM
News IconGeneral Growth Properties, Inc's (GGP): Volatile Stock to Watch - Hot Stocks Point (NYSE:GGP)
www.hotstockspoint.com - August 25 at 10:11 AM
News IconGeneral Growth Properties, Inc (NYSE:GGP) from REIT – Retail – Todays Top Gains (NYSE:GGP)
twincountynews.com - August 24 at 5:05 PM
forbes.com logoGeneral Growth Properties Enters Oversold Territory (NYSE:GGP)
www.forbes.com - August 24 at 12:37 PM
bizjournals.com logoHow Perot's Circle T Ranch corralled Charles Schwab and 1,200 new jobs (NYSE:GGP)
www.bizjournals.com - August 23 at 5:23 PM
bizjournals.com logoHow Perot's Circle T Ranch corralled Charles Schwab and 1,200 new jobs (NYSE:GGP)
www.bizjournals.com - August 23 at 5:23 PM
News IconAnalyst Views on Price Reaction History: General Growth Properties Inc (NYSE:GGP) (NYSE:GGP)
magseriesusa.net - August 23 at 9:34 AM
News IconGeneral Growth Properties (GGP) Shares are Down -2.64% (NYSE:GGP)
thelakeandeswave.com - August 23 at 9:34 AM
News IconGeneral Growth Properties, Inc. (NYSE:GGP) Outlook & Price ... - Post News (NYSE:GGP)
www.kentuckypostnews.com - August 22 at 5:14 PM
forbes.com logoApril 2017 Options Now Available For General Growth Properties (GGP) (NYSE:GGP)
www.forbes.com - August 22 at 11:36 AM
News IconAnalyst Views on Price Reaction History: General Growth Properties Inc (NYSE:GGP) - Post Registrar (NYSE:GGP)
postregistrar.com - August 22 at 9:51 AM
News IconREIT – Retail: General Growth Properties, Inc (NYSE:GGP) Position of the day (NYSE:GGP)
twincountynews.com - August 19 at 5:10 PM
gurufocus.com logoGeneral Growth Properties Inc (GGP) CEO Sandeep Mathrani Sold $11.9 million of Stocks - GuruFocus.com (NYSE:GGP)
www.gurufocus.com - August 19 at 8:08 AM
finance.yahoo.com logoGeneral Growth Properties Inc (GGP) CEO Sandeep Mathrani Sold $11.9 million of Stocks (NYSE:GGP)
finance.yahoo.com - August 19 at 8:08 AM
finance.yahoo.com logoGeneral Growth faces downside position (NYSE:GGP)
finance.yahoo.com - August 18 at 8:08 AM
News IconLarge Cap REIT – Retail: General Growth Properties, Inc (NYSE:GGP) (NYSE:GGP)
twincountynews.com - August 17 at 5:25 PM
News IconTop Gainers of the Day: General Growth Properties, Inc (NYSE:GGP) from REIT – Retail (NYSE:GGP)
twincountynews.com - August 17 at 8:12 AM
bizjournals.com logoHotel proposed at upscale mall, key retailer could exit for new showroom (NYSE:GGP)
www.bizjournals.com - August 16 at 5:20 PM
capitalcube.com logoETF’s with exposure to General Growth Properties, Inc. : August 15, 2016 (NYSE:GGP)
www.capitalcube.com - August 15 at 11:25 AM
News IconUpdate on General Growth Properties, Inc (NYSE:GGP) for the day (NYSE:GGP)
twincountynews.com - August 14 at 9:52 AM
capitalcube.com logoGeneral Growth Properties, Inc. breached its 50 day moving average in a Bearish Manner : GGP-US : August 12, 2016 (NYSE:GGP)
www.capitalcube.com - August 12 at 5:14 PM
finance.yahoo.com logoRetail REITs Dip on Macy's (M) Store Closure Announcement (NYSE:GGP)
finance.yahoo.com - August 12 at 5:14 PM
investorplace.com logoFLO, GGP and VRX stock never even had a prayer of bullish progress today (NYSE:GGP)
investorplace.com - August 11 at 5:28 PM
finance.yahoo.com logoGENERAL GROWTH PROPERTIES, INC. Financials (NYSE:GGP)
finance.yahoo.com - August 11 at 5:28 PM
forbes.com logoIt's A Mall World After All (NYSE:GGP)
www.forbes.com - August 11 at 5:28 PM
thestreet.com logoWhy General Growth Properties (GGP) Stock Is Down Today (NYSE:GGP)
www.thestreet.com - August 11 at 5:28 PM
marketwatch.com logoREIT stocks rocked by store closure fears (NYSE:GGP)
www.marketwatch.com - August 11 at 5:28 PM
News IconFinancial Stocks Updates: General Growth Properties Inc (GGP), Mastercard Inc (MA) - share market updates (press release) (NYSE:GGP)
sharemarketupdates.com - August 11 at 8:08 AM
capitalcube.com logoGruppo Green Power S.P.A. :GGP-IT: Earnings Analysis: For the six months ended December 31, 2015 : August 10, 2016 (NYSE:GGP)
www.capitalcube.com - August 10 at 12:38 PM
bizjournals.com logoSporting goods giant nearly ready for Houston opening (NYSE:GGP)
www.bizjournals.com - August 9 at 3:57 PM
News IconPrice Target Raised at General Growth Properties Inc. (NYSE:GGP) by Analysts at Citigroup - BNB Daily (blog) (NYSE:GGP)
www.baseball-news-blog.com - August 9 at 8:09 AM
News IconIs General Growth Properties, Inc (NYSE:GGP), a large market cap stock a smart buy? (NYSE:GGP)
twincountynews.com - August 8 at 5:23 PM
News IconLeading stocks in today’s market: General Growth Properties, Inc (NYSE:GGP) (NYSE:GGP)
twincountynews.com - August 7 at 4:58 PM
istreetwire.com logo3 Stocks in Focus: PPL Corporation (PPL), General Growth Properties, Inc (GGP), Lincoln National Corporation (LNC) - iStreetWire (NYSE:GGP)
istreetwire.com - August 5 at 5:19 PM
capitalcube.com logoGeneral Growth Properties, Inc. :GGP-US: Earnings Analysis: Q2, 2016 By the Numbers : August 5, 2016 (NYSE:GGP)
www.capitalcube.com - August 5 at 5:19 PM
capitalcube.com logoGeneral Growth Properties, Inc. : GGP-US: Dividend Analysis : October 14th, 2016 (record date) : By the numbers : August 5, 2016 (NYSE:GGP)
www.capitalcube.com - August 5 at 5:19 PM
streetupdates.com logoAnalysts Watching Stocks Update: Synchrony Financial (NYSE:SYF) , General Growth Properties, Inc. (NYSE:GGP) - Street Updates (NYSE:GGP)
www.streetupdates.com - August 4 at 5:31 PM
biz.yahoo.com logoGENERAL GROWTH PROPERTIES, INC. Files SEC form 10-Q, Quarterly Report (NYSE:GGP)
biz.yahoo.com - August 4 at 8:06 AM
streetupdates.com logoAnalyst's Stocks Ratings Trend: Banco Bradesco Sa (NYSE:BBD) , General Growth Properties, Inc. (NYSE:GGP) - Street Updates (NYSE:GGP)
www.streetupdates.com - August 3 at 5:31 PM
istreetwire.com logo3 Notable Runners: LaSalle Hotel Properties (LHO), General Growth ... - iStreetWire (NYSE:GGP)
istreetwire.com - August 3 at 5:31 PM
istreetwire.com logoStocks Buzz: The Wendy's (WEN), General Growth Properties (GGP) Integrated Device (IDTI) - iStreetWire (NYSE:GGP)
istreetwire.com - August 3 at 8:06 AM
News IconGGP Unveils Digital Parking Solution for US Portfolio - GlobeSt.com (NYSE:GGP)
www.globest.com - August 3 at 8:06 AM
finance.yahoo.com logoGeneral Growth Properties (GGP) FFO Beats, Revenues Lag (NYSE:GGP)
finance.yahoo.com - August 2 at 5:27 PM
seekingalpha.com logoGeneral Growth Properties lower after earnings miss (NYSE:GGP)
seekingalpha.com - August 2 at 11:38 AM
News IconInvestor News: Lawsuit against Directors of General Growth Properties Inc (NYSE:GGP) filed (NYSE:GGP)
www.groundreport.com - August 2 at 10:00 AM
nasdaq.com logoGeneral Growth Properties Gives Downbeat Guidance Following Quarterly Profit Decline (NYSE:GGP)
www.nasdaq.com - August 2 at 10:00 AM
bloomberg.com logoGeneral Growth Sells Stake in Las Vegas Mall for $1.25 Billion (NYSE:GGP)
www.bloomberg.com - August 2 at 10:00 AM
bizjournals.com logoAla Moana Center still about 9 percent vacant (NYSE:GGP)
www.bizjournals.com - August 2 at 10:00 AM
biz.yahoo.com logoGeneral Growth Properties Inc Earnings Call scheduled for 9:00 am ET today (NYSE:GGP)
biz.yahoo.com - August 2 at 10:00 AM
biz.yahoo.com logoGeneral Growth Properties Inc Earnings Call (Q2 2016) (NYSE:GGP)
biz.yahoo.com - August 1 at 5:05 PM

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General Growth Properties (NYSE:GGP) Chart for Friday, August, 26, 2016


Last Updated on 8/26/2016 by MarketBeat.com Staff