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 Ratio1.51%
Current Ratio1.00%
Quick Ratio1.00%
Price-To-Earnings
Trailing P/E Ratio12.51
Forward P/E Ratio12.51
P/E GrowthN/A
Sales & Book Value
Annual Sales$2.33 billion
Price / Sales8.07
Cash Flow$1.3989 per share
Price / Cash14.04
Book Value$9.05 per share
Price / Book2.17
Profitability
EPS (Most Recent Fiscal Year)$1.57
Net Income$657.33 million
Net Margins28.24%
Return on Equity7.87%
Return on Assets2.88%
Miscellaneous
Employees1,700
Outstanding Shares957,020,000
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 announced a quarterly dividend on Wednesday, February 7th. Shareholders of record on Friday, April 13th will be given a dividend of $0.22 per share on Monday, April 30th. This represents a $0.88 annualized dividend and a yield of 4.48%. The ex-dividend date is Thursday, April 12th. View GGP's Dividend History.
How were GGP's earnings last quarter?
GGP Inc. (NYSE:GGP) announced its earnings results on Wednesday, February, 7th. The real estate investment trust reported $0.21 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.20 by $0.01. The real estate investment trust earned $627.40 million during the quarter, compared to analyst estimates of $646.14 million. GGP had a net margin of 28.24% and a return on equity of 7.87%. The firm's revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.43 earnings per share. View GGP's Earnings History.
When is GGP's next earnings date?
What price target have analysts set for GGP?
11 analysts have issued 12 month target prices for GGP's stock. Their forecasts range from $22.00 to $35.00. On average, they expect GGP's stock price to reach $25.0909 in the next year. 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, "Shares of GGP have outperformed the industry it belongs to in the past six months. Recently, Brookfield revised its offer with a higher cash component to acquire GGP and the retail REIT accepted the revised offer. Per the terms, the company will be acquired for approximately $15.3 billion. GGP has a portfolio of high-quality retail properties across attractive locations in the United States. Its tenant roster includes a number of reputed names. Further, GGP focuses on omni-channel retailing and other initiatives, which is encouraging. Also, the Zacks Consensus Estimate for funds from operations (FFO) per share for first-quarter 2018 was revised upward in a month’s time. However, declining traffic at malls, store closures and bankruptcies have emerged as a concern for GGP, as the trend is curtailing demand for the retail real estate space." (4/11/2018)
- 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 Prologis (PLD), Public Storage (PSA), Equinix (EQIX), Weyerhaeuser (WY), Unibail-Rodamco (UNRDY), AvalonBay Communities (AVB), Equity Residential (EQR), Digital Realty (DLR), Welltower (WELL), Boston Properties (BXP), Ventas (VTR), Essex Property Trust (ESS), Realty Income (O), Host Marriott L P (HST), Gecina (GECFF), Vornado Realty Trust (VNO), Alexandria Real Estate Equities (ARE) and Annaly Capital Management (NLY).
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?
Media stories about GGP stock have been trending somewhat positive on Saturday, according to Accern Sentiment. Accern ranks the sentiment of news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. GGP earned a daily sentiment score of 0.16 on Accern's scale. They also assigned media stories about the real estate investment trust an impact score of 47.44 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.
Who are GGP's major shareholders?
GGP's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include
BROOKFIELD ASSET MANAGEMENT INC.
(34.20%). 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.
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 $19.64.
How big of a company is GGP?
GGP has a market capitalization of $19.45 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.
GGP (NYSE:GGP) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
11 Wall Street analysts have issued ratings and price targets for GGP in the last 12 months. Their average twelve-month price target is $25.0909, suggesting that the stock has a possible upside of 27.75%. The high price target for GGP is $35.00 and the low price target for GGP is $22.00. There are currently 1 sell rating, 5 hold ratings and 5 buy ratings for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Buy | Hold | Hold |
| Consensus Rating Score: | 2.36 | 2.55 | 2.42 | 2.27 |
| Ratings Breakdown: | 1 Sell Rating(s)
5 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
3 Hold Rating(s)
7 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
5 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
6 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $25.0909 | $24.9545 | $25.3333 | $24.8182 |
| Price Target Upside: | 27.75% upside | 14.89% upside | 7.62% upside | 19.61% upside |
GGP (NYSE:GGP) Consensus Price Target History
GGP (NYSE:GGP) Analyst Ratings History
Show:
(Data available from 4/21/2016 forward)
GGP (NYSE:GGP) Dividend Information
GGP pays an annual dividend of $0.88 per share, with a dividend yield of 4.48%. GGP's next quarterly dividend payment will be made on Monday, April 30. The company has grown its dividend for the last 6 consecutive years and is increasing its dividend by an average of 13.60% each year. GGP pays out 56.05% of its earnings out as a dividend.
| Next Dividend: | 4/30/2018 |
| Annual Dividend: | $0.88 |
| Dividend Yield: | 4.48% |
| Dividend Growth: | 13.60% (3 Year Average) |
| Payout Ratio: | 56.05% (Trailing 12 Months of Earnings)
56.05% (Based on This Year's Estimates)
53.33% (Based on Next Year's Estimates)
|
| Track Record: | 6 Years of Consecutive Dividend Growth |
| Frequency: | Quarterly Dividend |
GGP (NYSE:GGP) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 2/7/2018 | quarterly | $0.22 | 4.3% | 4/12/2018 | 4/13/2018 | 4/30/2018 |
| 10/31/2017 | quarterly | $0.22 | | 12/14/2017 | 12/15/2017 | 1/5/2018 |
| 8/2/2017 | Quarterly | $0.22 | | 10/12/2017 | 10/13/2017 | 10/31/2017 |
| 5/1/2017 | quarterly | $0.22 | 3.89% | 7/11/2017 | 7/13/2017 | 7/28/2017 |
| 1/30/2017 | quarterly | $0.22 | | 4/11/2017 | 4/13/2017 | 4/28/2017 |
| 12/14/2016 | special | $0.26 | 3.4% | 12/22/2016 | 12/27/2016 | 1/27/2017 |
| 10/31/2016 | quarterly | $0.22 | 3.56% | 12/13/2016 | 12/15/2016 | 1/6/2017 |
| 8/1/2016 | quarterly | $0.20 | 2.56% | 10/12/2016 | 10/14/2016 | 10/31/2016 |
| 5/2/2016 | quarterly | $0.19 | 2.62% | 7/13/2016 | 7/15/2016 | 7/29/2016 |
| 2/1/2016 | quarterly | $0.19 | 2.65% | 4/13/2016 | 4/15/2016 | 4/29/2016 |
| 11/2/2015 | quarterly | $0.19 | 2.65% | 12/11/2015 | 12/15/2015 | 1/4/2016 |
| 9/1/2015 | quarterly | $0.18 | 2.87% | 10/13/2015 | 10/15/2015 | 10/30/2015 |
| 5/21/2015 | quarterly | $0.17 | 2.4% | 7/13/2015 | 7/15/2015 | 7/31/2015 |
| 2/19/2015 | quarterly | $0.17 | 2.3% | 4/13/2015 | 4/15/2015 | 4/30/2015 |
| 11/14/2014 | quarterly | $0.17 | 2.63% | 12/11/2015 | 12/15/2014 | 1/2/2015 |
| 8/12/2014 | quarterly | $0.16 | 2.66% | 10/10/2014 | 10/15/2014 | 10/31/2014 |
| 5/15/2014 | quarterly | $0.15 | 2.54% | 7/11/2014 | 7/15/2014 | 7/31/2014 |
| 2/26/2014 | quarterly | $0.15 | 2.7% | 4/11/2014 | 4/15/2014 | 4/30/2014 |
| 10/29/2013 | quarterly | $0.14 | 2.63% | 12/11/2013 | 12/13/2013 | 1/2/2014 |
| 7/30/2013 | quarterly | $0.13 | 2.43% | 10/10/2013 | 10/15/2013 | 10/29/2013 |
| 5/13/2013 | quarterly | $0.12 | 2.1% | 7/12/2013 | 7/16/2013 | 7/30/2013 |
| 2/4/2013 | quarterly | $0.12 | 2.38% | 4/12/2013 | 4/16/2013 | 4/30/2013 |
(Data available from 1/1/2013 forward)
GGP (NYSE GGP) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 35.60%
Institutional Ownership Percentage: 95.84%
GGP (NYSE GGP) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 1/9/2018 | Tara Marszewski | SVP | Sell | 249 | $23.61 | $5,878.89 | 6,539 |  |
| 1/4/2018 | Tara Marszewski | SVP | Sell | 470 | $23.49 | $11,040.30 | 6,788 | |
| 2/16/2017 | Michael B. Berman | CFO | Sell | 150,000 | $25.00 | $3,750,000.00 | | |
| 1/9/2017 | Tara Marszewski | SVP | Sell | 242 | $25.60 | $6,195.20 | 7,258 | |
| 8/19/2016 | Michael B. Berman | CFO | Sell | 189,474 | $29.15 | $5,523,167.10 | | |
| 8/17/2016 | Sandeep Mathrani | CEO | Sell | 400,000 | $29.66 | $11,864,000.00 | 680,356 | |
| 8/5/2016 | John K Haley | Director | Sell | 3,400 | $30.96 | $105,264.00 | 46,873 | |
| 8/5/2016 | Tara Marszewski | SVP | Sell | 10,419 | $31.01 | $323,093.19 | 7,992 | |
| 6/28/2016 | Alan J. Barocas | EVP | Sell | 125,000 | $29.28 | $3,660,000.00 | | |
| 6/24/2016 | Sandeep Mathrani | CEO | Sell | 600,000 | $28.76 | $17,256,000.00 | | |
| 6/21/2016 | Michael B. Berman | CFO | Sell | 90,000 | $28.60 | $2,574,000.00 | | |
| 4/8/2016 | Abu Dhabi Investment Authority | Major Shareholder | Sell | 936 | $28.81 | $26,966.16 | | |
| 4/6/2016 | Abu Dhabi Investment Authority | Insider | Sell | 22,400 | $29.07 | $651,168.00 | | |
| 12/18/2015 | Abu Dhabi Investment Authority | Insider | Sell | 6,051 | $26.22 | $158,657.22 | | |
| 12/16/2015 | Abu Dhabi Investment Authority | Insider | Sell | 59,463 | $26.71 | $1,588,256.73 | | |
| 11/30/2015 | Abu Dhabi Investment Authority | Major Shareholder | Sell | 42,489 | $25.82 | $1,097,065.98 | | |
| 11/11/2015 | Abu Dhabi Investment Authority | Major Shareholder | Sell | 67,049 | $26.75 | $1,793,560.75 | | |
| 9/18/2015 | Abu Dhabi Investment Authority | Major Shareholder | Sell | 58,000 | $25.73 | $1,492,340.00 | | |
| 9/17/2015 | Michael B. Berman | CFO | Sell | 90,000 | $25.75 | $2,317,500.00 | 46,907 | |
| 3/25/2015 | Alan J Barocas | EVP | Sell | 200,000 | $30.60 | $6,120,000.00 | | |
| 3/17/2015 | Sandeep Mathrani | CEO | Sell | 323,450 | $30.07 | $9,726,141.50 | | |
| 3/13/2015 | Fund Board Of Guardians Future | Major Shareholder | Sell | 500,000 | $29.40 | $14,700,000.00 | | |
| 3/12/2015 | Fund Board Of Guardians Future | Major Shareholder | Sell | 3,667,691 | $29.21 | $107,133,254.11 | | |
| 3/5/2015 | Fund Board Of Guardians Future | Major Shareholder | Sell | 2,800,000 | $29.16 | $81,648,000.00 | | |
| 2/12/2015 | Fund Board Of Guardians Future | Major Shareholder | Sell | 2,555,000 | $29.49 | $75,346,950.00 | | |
| 2/9/2015 | Fund Board Of Guardians Future | Major Shareholder | Sell | 1,550,000 | $30.24 | $46,872,000.00 | | |
| 9/2/2014 | Abu Dhabi Investment Authority | Major Shareholder | Sell | 2,971 | $24.48 | $72,730.08 | | |
| 9/2/2014 | Michael B Berman | CFO | Sell | 160,000 | $24.51 | $3,921,600.00 | | |
| 6/20/2014 | Abu Dhabi Investment Authority | Major Shareholder | Sell | 298,607 | $23.90 | $7,136,707.30 | | |
| 2/11/2014 | John Haley | Director | Buy | 3,400 | $20.90 | $71,060.00 | 48,081 | |
| 12/9/2013 | Abu Dhabi Investment Authority | major shareholder | Buy | 2,568,934 | $21.17 | $54,384,332.78 | | |
(Data available from 1/1/2013 forward)
GGP (NYSE GGP) News Headlines
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GGP (NYSE:GGP) SEC Filings
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GGP (NYSE:GGP) Income Statement, Balance Sheet and Cash Flow Statement
GGP (NYSE GGP) Stock Chart for Saturday, April, 21, 2018
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