GGP Reports Second Quarter 2016 Results and Raises Dividend 11%

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Go back to GGP Reports Second Quarter 2016 Results and Raises Dividend 11%

Oppenheimer Remains Bullish on General Growth Properties (GGP) Following 2Q Report

August 2, 2016 9:41 AM EDT

Oppenheimer maintained an Outperform rating and $35.00 price target on General Growth Properties (NYSE: GGP) following the company's 2Q earnings report. FFO was reported at $0.35, a penny below the consensus estimates.

Analyst Steve Manaker commented, "We rate GGP Outperform. While the company missed 2Q16... More

General Growth Properties (GGP) PT Raised to $33 at Credit Suisse Post Q2

August 2, 2016 8:59 AM EDT

Credit Suisse analyst Ian Weissman reiterated an Outperform rating and raised his price target on General Growth Properties (NYSE: GGP) to $33.00 (from $32.00) following results.

Weissman commented, "Key Takeaways from the Quarter: (1) Comp SSNOI increased 4.0% in the quarter while tenant sales increased 2.8% and... More

General Growth Properties (GGP) Raises Quarterly Dividend 11.1% to $0.20; 2.5% Yield

August 1, 2016 4:03 PM EDT

General Growth Properties (NYSE: GGP) declared a quarterly dividend of $0.20 per share, or $0.8 annualized. This is an 11.1% increase from the prior dividend of $0.18.

The dividend will be payable on October 31, 2016, to stockholders of record on October 14, 2016, with an ex-dividend date of October 12,... More