About GGP (NYSE:GGP)
GGP Inc. (GGP), formerly General Growth Properties, Inc., is a self-administered and self-managed real estate investment trust (REIT). The Company operates as a holding company, which is engaged in the operation, development and management of retail and other rental properties, primarily regional malls. As of December 31, 2016, the Company owned, either entirely or with joint venture partners, 127 retail properties located throughout the United States comprising approximately 125 million square feet of gross leasable area (GLA). As of December 31, 2016, the Company's retail properties included 200 Lafayette, The Shoppes at Buckland Hills, Northridge Fashion Center, Brass Mill Center, Jordan Creek Town Center, Westroads Mall and Stonestown Galleria. 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 and GGPOP, the Operating Partnerships), subsidiaries of GGP.
Industry, Sector and Symbol
Industry REAL ESTATE
Trailing P/E Ratio30.522181480891
Forward P/E Ratio13.41
Sales & Book Value
Annual Sales$2.33 billion
Price / Sales8.66
Cash Flow$1.42 per share
Price / Cash14.87
Book Value$9.05 per share
Price / Book2.33
Net Income$657.33 million
Return on Equity7.87%
Return on Assets2.88%
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. Investors of record on Friday, April 13th will be paid a dividend of $0.22 per share on Monday, April 30th. This represents a $0.88 annualized dividend and a dividend yield of 4.18%. The ex-dividend date is Thursday, April 12th. View GGP's Dividend History.
How were GGP's earnings last quarter?
GGP Inc (NYSE:GGP) posted its quarterly earnings data on Wednesday, February, 7th. The real estate investment trust reported $0.21 EPS for the quarter, beating the consensus estimate of $0.20 by $0.01. The real estate investment trust had revenue of $627.40 million for the quarter, compared to the consensus estimate of $646.14 million. GGP had a return on equity of 7.87% and a net margin of 28.24%. The company's revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.43 earnings per share. View GGP's Earnings History.
When will GGP make its next earnings announcement?
Where is GGP's stock going? Where will GGP's stock price be in 2018?
11 brokerages have issued 1 year price objectives for GGP's stock. Their forecasts range from $22.00 to $35.00. On average, they anticipate GGP's share price to reach $24.95 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, "Shares of GGP have outperformed the industry it belongs to in the past month. Recently, GGP delivered fourth-quarter 2017 funds from operations (FFO) per share of 48 cents, beating the Zacks Consensus Estimate by a cent. Results reflect 1.3% growth in same-store net operating income (NOI) from the prior-year period. The company has a portfolio of high-quality retail properties across attractive locations in the United States. Its tenant roster includes a number of reputed names. However, declining traffic at malls, store closures and bankruptcies have emerged as a pressing concern for retail REIT like GGP, as the trend is curtailing demand for the retail real estate space considerably. Though the company is making efforts to counter the pressure through various initiatives, the implementation of such measures requires a decent upfront cost and therefore, is likely to limit any robust growth in its profit margins in the near term." (2/15/2018)
- 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 decline in short interest in the month of February. As of February 15th, there was short interest totalling 14,841,322 shares, a decline of 23.9% from the January 31st total of 19,502,129 shares. Based on an average trading volume of 6,362,949 shares, the days-to-cover ratio is currently 2.3 days. Approximately 2.4% of the shares of the stock are sold short.
Who are some of GGP's key competitors?
Some companies that are related to GGP include Brookfield Asset Management (BAM), Public Storage (PSA), Prologis (PLD), Equinix (EQIX), Henderson Land Development (HLDCY), Unibail-Rodamco (UNRDY), Mitsubishi Estate (MITEY), AvalonBay Communities (AVB), Vonovia (VONOY), Equity Residential (EQR), Digital Realty Trust (DLR), Welltower (WELL), Boston Properties (BXP), Ventas (VTR), CBRE Group (CBRE), Essex Property Trust (ESS), New World Development (NDVLY) and Realty Income (O).
Who are GGP's key executives?
GGP's management team includes the folowing people:
- Bruce J. Flatt, Independent Chairman of the Board (Age 51)
- Shobi Khan, President, Chief Operating Officer (Age 51)
- Sandeep Lakhmi Mathrani, Chief Executive Officer, Director (Age 54)
- Heath Robert Fear, Chief Financial Officer (Age 48)
- Michael B. Berman, Executive Vice President - Finance (Age 59)
- Marvin J. Levine, Executive Vice President, Chief Legal Officer (Age 67)
- Richard S. Pesin, Executive Vice President - Anchors, Development and Construction (Age 53)
- Sriram Krishnan, Senior Vice President - product, growth and marketing
- Tara L. Marszewski, Senior Vice President, Chief Accounting Officer (Age 37)
- Richard Byron Clark, Independent Director (Age 58)
Has GGP been receiving favorable news coverage?
Media headlines about GGP stock have trended somewhat positive this week, according to Accern Sentiment. The research firm ranks the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. GGP earned a news sentiment score of 0.11 on Accern's scale. They also assigned news headlines about the real estate investment trust an impact score of 47.10 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the immediate future.
Who are GGP's major shareholders?
GGP's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.25%), Cbre Clarion Securities LLC (1.52%), Bank of New York Mellon Corp (1.36%), Daiwa Securities Group Inc. (0.89%), Geode Capital Management LLC (0.81%) and Schwab Charles Investment Management Inc. (0.63%). Company insiders that own GGP stock include Abu Dhabi Investment Authority, Alan J Barocas, 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 PGGM Investments, Lasalle Investment Management Securities LLC, Sumitomo Mitsui Asset Management Company LTD, Standard Life Aberdeen plc, Sei Investments Co., American Century Companies Inc., Guggenheim Capital LLC and Hudson Bay Capital Management LP. View Insider Buying and Selling for GGP.
Which institutional investors are buying GGP stock?
GGP stock was acquired by a variety of institutional investors in the last quarter, including Thrivent Financial For Lutherans, Daiwa Securities Group Inc., Alpine Associates Management Inc., Element Capital Management LLC, Two Sigma Investments LP, APG Asset Management US Inc., Allianz Asset Management GmbH and York Capital Management Global Advisors LLC. 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 $21.06.
How big of a company is GGP?
GGP has a market capitalization of $20.60 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 $0.69 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 the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
GGP (NYSE:GGP) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each 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 will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Buy||Hold||Hold||Hold|
|Consensus Rating Score: ||2.55||2.36||2.42||2.30|
|Ratings Breakdown: ||1 Sell Rating(s)|
3 Hold Rating(s)
7 Buy Rating(s)
0 Strong Buy Rating(s)
|2 Sell Rating(s)|
3 Hold Rating(s)
6 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)|
5 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$24.95||$24.77||$25.50||$25.80|
|Price Target Upside: ||18.49% upside||12.25% upside||8.33% upside||19.50% upside|
GGP (NYSE:GGP) Consensus Price Target History
GGP (NYSE:GGP) Analyst Ratings History
(Data available from 3/22/2016 forward)
GGP (NYSE:GGP) Earnings History and Estimates Chart
GGP (NYSE GGP) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|2/7/2018||Q4 2017||$0.20||$0.21||$646.14 million||$627.40 million||View||N/A|
|10/31/2017||Q3 2017||$0.37||$0.23||$565.60 million||$578.36 million||View||N/A|
|8/2/2017||6/30/2017||$0.35||$0.13||$576.75 million||$555.80 million||View||Listen|
|5/1/2017||Q1 2017||$0.36||$0.11||$561.66 million||$566.33 million||View||Listen|
|1/30/2017||Q416||$0.43||$0.43||$602.50 million||$610.30 million||View||Listen|
|10/31/2016||Q316||$0.35||$0.35||$564.02 million||$554.50 million||View||Listen|
|8/1/2016||Q216||$0.36||$0.35||$577.90 million||$574.60 million||View||Listen|
|5/2/2016||Q116||$0.35||$0.40||$583.80 million||$607.00 million||View||N/A|
|2/1/2016||Q415||$0.42||$0.43||$628.02 million||$644.60 million||View||N/A|
|11/2/2015||Q315||$0.35||$0.36||$594.43 million||$595.30 million||View||Listen|
|8/3/2015||Q215||$0.33||$0.33||$619.12 million||$579.98 million||View||Listen|
|4/27/2015||Q115||$0.32||$0.32||$631.26 million||$594.10 million||View||N/A|
|1/28/2015||Q414||$0.38||$0.38||$683.73 million||$673.02 million||View||N/A|
|10/27/2014||Q314||$0.32||$0.33||$611.70 million||$631.80 million||View||N/A|
|7/28/2014||Q214||$0.31||$0.31||$606.60 million||$617.62 million||View||N/A|
|4/28/2014||Q114||$0.30||$0.31||$612.90 million||$631.92 million||View||N/A|
|2/3/2014||Q413||$0.35||$0.36||$664.08 million||$681.40 million||View||N/A|
|10/28/2013||Q313||$0.27||$0.29||$656.60 million||$620.70 million||View||N/A|
|7/29/2013||Q213||$0.25||$0.27||$675.80 million||$613.23 million||View||N/A|
|4/29/2013||Q113||$0.24||$0.25||$650.02 million||$637.80 million||View||N/A|
|2/4/2013||Q4 2012||$0.29||$0.31||$669.85 million||$675.71 million||View||N/A|
GGP (NYSE:GGP) Earnings Estimates
2018 EPS Consensus Estimate: $1.63
2019 EPS Consensus Estimate: $1.63
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
GGP (NYSE:GGP) Dividend Information
|Dividend Growth:||13.60% (3 Year Average)|
|Payout Ratio:||127.54% (Trailing 12 Months of Earnings) |
56.05% (Based on This Year's Estimates)
53.66% (Based on Next Year's Estimates)
|Track Record:||6 Years of Consecutive Dividend Growth|
GGP (NYSE:GGP) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
GGP (NYSE GGP) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 35.60%
Institutional Ownership Percentage: 95.81%
GGP (NYSE GGP) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|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|| |
GGP (NYSE GGP) News Headlines
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 Thursday, March, 22, 2018