General Growth Properties Inc (GGP) is Initiated by Hilliard Lyons to Neutral

General Growth Properties Inc (GGP) was Initiated by Hilliard Lyons to “Neutral”. Hilliard Lyons advised their investors in a research report released on Aug 31, 2016.

On the company’s financial health, General Growth Properties Inc reported $0.35 EPS for the quarter, based on the information available during the earnings call on Aug 1, 2016. Analyst had a consensus estimate of $0.35. The company had revenue of $574.60 million for the quarter, compared to analysts expectations of $589.19 million. The company’s revenue was down -.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.33 EPS.

General Growth Properties Inc opened for trading at $29.15 and hit $29.54 on the upside on Monday, eventually ending the session at $29.43, with a gain of 1.06% or 0.31 points. The heightened volatility saw the trading volume jump to 24,36,435 shares. Company has a market cap of $26,038 M.

Investors should note that on Aug 1, 2016, General Growth Properties Inc announced a cash dividend of $0.2000. The company’s management has announced Oct 12, 2016 as the ex-dividend date and fixed the record date on Oct 14, 2016. The payable date has been fixed on Oct 31, 2016.

In a different news, on Aug 22, 2016, Michael B Berman (Chief Financial Officer) sold 189,474 shares at $29.15 per share price. According to the SEC, on Aug 18, 2016, Sandeep Mathrani (Chief Executive Officer) sold 400,000 shares at $29.66 per share price. On Aug 8, 2016, John K Haley (director) sold 3,400 shares at $30.96 per share price, according to the Form-4 filing with the securities and exchange commission.

General Growth Properties Inc. (GGP) is a self-administered and self-managed real estate investment trust (REIT). The Company is engaged in owning and operating retail properties to communities retailers employees consumers and shareholders. As of December 31 2014 the Company owned either entirely or with joint venture partners 128 retail properties. The Company’s business is conducted through GGP Operating Partnership LP (GGPOP) GGP Nimbus LP (GGPN) and GGP Limited Partnership (GGPLP or operating partnership) subsidiaries of GGP. The Operating Partnerships own an interest in the properties of GGP. As of December 31 2014 GGP held approximately a 99% common equity ownership of the Operating Partnerships. In addition the Operating Partnerships conduct their operations through General Growth Management Inc. (GGMI) General Growth Services Inc. (GGSI) and GGPLP REIT Services LLC (GGPRS).

General Growth Properties Inc

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