NYSE:GGP - GGP Stock Price, Price Target & More

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$20.90 +0.04 (+0.19 %)
(As of 07/15/2018 03:22 PM ET)
Previous Close$20.90
Today's Range$20.87 - $20.9746
52-Week Range$18.83 - $24.23
Volume8.59 million shs
Average Volume8.45 million shs
Market Capitalization$20.03 billion
P/E Ratio13.06
Dividend Yield4.21%
Beta0.9
GGP logoGGP 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.

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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 Ratio13.06
Forward P/E Ratio13.40
P/E GrowthN/A

Sales & Book Value

Annual Sales$2.33 billion
Price / Sales8.60
Cash Flow$1.4474 per share
Price / Cash14.44
Book Value$9.05 per share
Price / Book2.31

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$20,030.39

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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 announced a quarterly dividend on Thursday, May 3rd. Shareholders of record on Friday, July 13th will be given a dividend of $0.22 per share on Tuesday, July 31st. This represents a $0.88 dividend on an annualized basis and a yield of 4.21%. The ex-dividend date is Thursday, July 12th. View GGP's Dividend History.

How were GGP's earnings last quarter?

GGP Inc (NYSE:GGP) announced its earnings results on Thursday, May, 3rd. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by $0.02. The real estate investment trust had revenue of $574.17 million for the quarter, compared to analyst estimates of $571.59 million. GGP had a net margin of 26.30% and a return on equity of 7.43%. The firm's revenue for the quarter was up 1.4% on a year-over-year basis. During the same period last year, the firm posted $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 predictions range from $23.00 to $35.00. On average, they anticipate GGP's stock price to reach $25.40 in the next twelve months. This suggests a possible upside of 21.5% 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, "GGP has a portfolio of high-quality retail properties across attractive locations in the United States. Further, the company focuses on omni-channel retailing and other initiatives, which is encouraging. Notably, in March, the company accepted the revised acquisition offer extended by Brookfield Property Partners for approximately $15.3 billion. However, declining traffic at malls, store closures and bankruptcies have emerged as concerns for retail REITs including GGP, as the trend is curtailing demand for the retail real estate space. Interest rate hike also remains a headwind. Further, shares of GGP have underperformed the industry it belongs to in the past six months. In addition, the trend in estimate revisions of current-quarter funds from operation (FFO) per share does not indicate a favorable earnings outlook for the company." (7/9/2018)
  • 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 short-interest ratio is currently 2.5 days. Currently, 3.2% of the shares of the company are short sold. View GGP's Current Options Chain.

Who are some of GGP's key competitors?

Who are GGP's key executives?

GGP's management team includes the folowing people:
  • Mr. Sandeep Lakhmi Mathrani, CEO & Director (Age 56)
  • Mr. Shobi Z. Khan, Pres and Chief Operating Officer (Age 52)
  • Mr. Richard S. Pesin, Exec. VP of Anchors, Devel. & Construction (Age 54)
  • Mr. Heath R. Fear, Exec. VP & CFO (Age 49)
  • Mr. Michael Bruce Berman J.D., Exec. VP of Fin. (Age 60)

Has GGP been receiving favorable news coverage?

News articles about GGP stock have been trending somewhat positive on Sunday, Accern Sentiment Analysis reports. The research group identifies negative and positive press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. GGP earned a media sentiment score of 0.13 on Accern's scale. They also assigned news stories about the real estate investment trust an impact score of 46.76 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the near term.

Who are GGP's major shareholders?

GGP's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include State of Alaska Department of Revenue (0.04%), Fjarde AP Fonden Fourth Swedish National Pension Fund (0.02%), Manning & Napier Group LLC (0.02%), Havens Advisors LLC (0.01%), Xact Kapitalforvaltning AB (0.01%) and DnB Asset Management AS (0.01%). 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 Denali Advisors LLC, Manning & Napier Group LLC, State of Alaska Department of Revenue, Spirit of America Management Corp NY, Havens Advisors LLC and Gateway Investment Advisers LLC. 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 Fjarde AP Fonden Fourth Swedish National Pension Fund, DAVENPORT & Co LLC, 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 $20.90.

How big of a company is GGP?

GGP has a market capitalization of $20.03 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)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  370 (Vote Outperform)
Underperform Votes:  387 (Vote Underperform)
Total Votes:  757
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.
This page was last updated on 7/15/2018 by MarketBeat.com Staff

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