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
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 Ratio13.17
Forward P/E Ratio13.27
P/E GrowthN/A
Sales & Book Value
Annual Sales$2.33 billion
Price / Sales8.52
Cash Flow$1.4496 per share
Price / Cash14.28
Book Value$9.05 per share
Price / Book2.29
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
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. Stockholders 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 annualized dividend and a dividend yield of 4.25%. 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 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 company's quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.36 earnings per share. View GGP's Earnings History.
What price target have analysts set for GGP?
11 analysts have issued 12-month price targets for GGP's shares. Their forecasts range from $22.00 to $35.00. On average, they anticipate GGP's stock price to reach $25.0909 in the next twelve months. View Analyst Ratings for GGP.
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, GGP focuses on omni-channel retailing and other initiatives, which is encouraging. Notably, in March, GGP 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 month." (6/7/2018)
- 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)
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), Prologis (PLD), Equinix (EQIX), Weyerhaeuser (WY), AvalonBay Communities (AVB), Equity Residential (EQR), DIGITAL Rlty Tr/SH SH (DLR), UNIBAIL-RODAMCO/ADR (UNRDY), Welltower (WELL), 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. 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 coverage about GGP stock has trended somewhat positive recently, according to Accern. The research firm scores the sentiment of news coverage by reviewing more than twenty million news and blog 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 sentiment score of 0.09 on Accern's scale. They also assigned media coverage about the real estate investment trust an impact score of 46.13 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the near future.
Who are GGP's major shareholders?
GGP's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include
BROOKFIELD ASSET MANAGEMENT INC.
(34.20%), BlackRock Inc. (6.24%), Daiwa Securities Group Inc. (1.32%), Northern Trust Corp (1.12%), Dimensional Fund Advisors LP (0.90%) and Centersquare Investment Management LLC (0.69%). Company insiders that own GGP stock include Alan J Barocas, John K Haley, Michael B Berman, Sandeep Mathrani and Tara Marszewski. View Institutional Ownership Trends for GGP.
Which major investors are selling GGP stock?
GGP stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Wells Fargo & Company MN, UBS Group AG, Neuberger Berman Group LLC, Millennium Management LLC, Nuveen Asset Management LLC, Swiss National Bank and Resolution Capital Ltd. View Insider Buying and Selling for GGP.
Which major investors are buying GGP stock?
GGP stock was bought by a variety of institutional investors in the last quarter, including Centersquare Investment Management LLC, Daiwa Securities Group Inc., Element Capital Management LLC, Toronto Dominion Bank, Amundi Pioneer Asset Management Inc., Russell Investments Group Ltd., Allianz Asset Management GmbH and Allianz Asset Management GmbH. 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 $20.73.
How big of a company is GGP?
GGP has a market capitalization of $19.81 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 (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.
