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.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustryRetail REITs
SectorFinance
SymbolNYSE:GGP
CUSIP37002310
Phone312-960-5000
Debt
Debt-to-Equity Ratio1.54
Current Ratio1.02
Quick Ratio1.02
Price-To-Earnings
Trailing P/E Ratio13.40
Forward P/E Ratio13.75
P/E GrowthN/A
Sales & Book Value
Annual Sales$2.33 billion
Price / Sales8.66
Cash Flow$1.4470 per share
Price / Cash14.54
Book Value$9.05 per share
Price / Book2.32
Profitability
EPS (Most Recent Fiscal Year)$1.57
Net Income$657.33 million
Net Margins26.30%
Return on Equity7.43%
Return on Assets2.71%
Miscellaneous
Employees1,700
Outstanding Shares958,390,000
Market Cap$20,164.57
GGP (NYSE:GGP) Frequently Asked Questions
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 declared a quarterly dividend on Thursday, May 3rd. Investors of record on Friday, July 13th will be paid a dividend of $0.22 per share on Tuesday, July 31st. This represents a $0.88 annualized dividend and a yield of 4.18%. The ex-dividend date is Thursday, July 12th. View GGP's Dividend History.
How were GGP's earnings last quarter?
GGP Inc (NYSE:GGP) posted its quarterly earnings data on Thursday, May, 3rd. The real estate investment trust reported $0.35 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.37 by $0.02. The real estate investment trust earned $574.17 million during the quarter, compared to analysts' expectations of $571.59 million. GGP had a net margin of 26.30% and a return on equity of 7.43%. The company's revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.36 EPS. View GGP's Earnings History.
What price target have analysts set for GGP?
10 equities research analysts have issued 12 month price targets for GGP's shares. Their forecasts range from $23.00 to $35.00. On average, they expect GGP's share price to reach $25.40 in the next twelve months. This suggests a possible upside of 20.7% from the stock's current price. View Analyst Ratings for GGP.
What is the consensus analysts' recommendation for GGP?
10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for GGP in the last year. There are currently 5 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
What are Wall Street analysts saying about GGP stock?
Here are some recent quotes from research analysts about GGP stock:
- 1. According to Zacks Investment Research, "Shares of GGP have underperformed the industry it belongs to in the past six months. Notably, in March, the company accepted the revised acquisition offer extended by Brookfield Property Partners for approximately $15.3 billion. The deal is anticipated to close in third-quarter 2018. However, mall traffic continues to suffer amid rapid shift in customers’ shopping preferences and patterns, with online purchases growing by leaps and bounds. These have made the retailers reconsider their footprint and eventually opt for store closures in recent times. This has emerged as a pressing concern for retail REIT like GGP, as the trend is curtailing demand for the retail real estate space considerably. Rate hike also add to its woes." (7/20/2018)
- 2. Boenning Scattergood analysts commented, "We believe that the recent Brookfield (BPY-$21.81-Not Rated) bid for the outstanding GGP shares is too low and would need to be improved significantly in order to succeed. GGP is not distressed and does not need capital. Moreover, many investors we have spoken to don’t want or can’t own BPY shares. The board will run a full process to ensure that, should the company sell, an appropriate price is achieved. How low is the floor? The Brookfield bid is 24.5% below BPY’s own IFRS valuation of GGP and 33% below our mall by mall valuation of GGP’s portfolio. Consensus NAV for GGP is $28.09 per share. While naysayers believe that private market valuations for ‘A’ rated malls have changed, every single transaction posted has confirmed that ‘A’ malls trade at between 4% and 5% cap rates. The recent (lower quality) FCEA another ‘A’ mall trade at a sub 4% cap rate help to sway the bears? Key Points: Would." (11/21/2017)
Are investors shorting GGP?
GGP saw a increase in short interest during the month of June. As of June 29th, there was short interest totalling 19,985,587 shares, an increase of 55.7% from the June 15th total of 12,838,661 shares. Based on an average daily volume of 8,059,624 shares, the days-to-cover ratio is presently 2.5 days. Approximately 3.2% of the shares of the stock are sold short. View GGP's Current Options Chain.
Who are some of GGP's key competitors?
Some companies that are related to GGP include American Tower (AMT), Simon Property Group (SPG), CROWN CASTLE In/SH SH (CCI), Public Storage (PSA), Equinix (EQIX), Prologis (PLD), Weyerhaeuser (WY), DIGITAL Rlty Tr/SH SH (DLR), Welltower (WELL), AvalonBay Communities (AVB), Equity Residential (EQR), UNIBAIL-RODAMCO/ADR (UNRDY), Ventas (VTR), Boston Properties (BXP) and SBA Communications (SBAC).
Who are GGP's key executives?
GGP's management team includes the folowing people:
- Mr. Sandeep Lakhmi Mathrani, CEO & Director (Age 56)
- Mr. Shoaib Z. Khan, Pres & COO (Age 53)
- Mr. Heath R. Fear, Exec. VP & CFO (Age 49)
- Mr. Michael Bruce Berman J.D., Exec. VP of Fin. (Age 60)
- Mr. Richard S. Pesin, Exec. VP of Anchors, Devel. & Construction (Age 54)
Has GGP been receiving favorable news coverage?
Press coverage about GGP stock has been trending somewhat positive on Monday, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. GGP earned a news impact score of 0.15 on Accern's scale. They also assigned news articles about the real estate investment trust an impact score of 46.13 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the next few days.
Who are GGP's major shareholders?
GGP's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Westpac Banking Corp (0.08%), Bank of Montreal Can (0.08%), FNY Investment Advisers LLC (0.04%), State of Alaska Department of Revenue (0.04%), Retirement Systems of Alabama (0.03%) and Fjarde AP Fonden Fourth Swedish National Pension Fund (0.02%). Company insiders that own GGP stock include John K Haley, Michael B Berman, Sandeep Mathrani and Tara Marszewski. View Institutional Ownership Trends for GGP.
Which institutional investors are selling GGP stock?
GGP stock was sold by a variety of institutional investors in the last quarter, including Retirement Systems of Alabama, Bank of Montreal Can, Nisa Investment Advisors LLC, Denali Advisors LLC, Westpac Banking Corp, Hartford Investment Management Co., Manning & Napier Group LLC and State of Alaska Department of Revenue. View Insider Buying and Selling for GGP.
Which institutional investors are buying GGP stock?
GGP stock was purchased by a variety of institutional investors in the last quarter, including FNY Investment Advisers LLC, Fjarde AP Fonden Fourth Swedish National Pension Fund, Sphinx Trading LP, DAVENPORT & Co LLC, Creative Planning, IFM Investors Pty Ltd, DnB Asset Management AS and Xact Kapitalforvaltning AB. View Insider Buying and Selling for GGP.
How do I buy shares of GGP?
Shares of GGP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is GGP's stock price today?
One share of GGP stock can currently be purchased for approximately $21.04.
How big of a company is GGP?
GGP has a market capitalization of $20.16 billion and generates $2.33 billion in revenue each year. The real estate investment trust earns $657.33 million in net income (profit) each year or $1.57 on an earnings per share basis. GGP employs 1,700 workers across the globe.
How can I contact GGP?
GGP's mailing address is 350 NORTH ORLEANS STREET SUITE 300, CHICAGO IL, 60654. The real estate investment trust can be reached via phone at 312-960-5000 or via email at [email protected]
MarketBeat Community Rating for GGP (NYSE GGP)
MarketBeat's community ratings are surveys of what our community members think about GGP and other stocks. Vote "Outperform" if you believe GGP will outperform the S&P 500 over the long term. Vote "Underperform" if you believe GGP will underperform the S&P 500 over the long term. You may vote once every thirty days.
