Notable Dividend Flow: Can General Growth Properties, Inc. (NYSE:GGP) truly back claims of $0.20 dividends by Oct 31, 2016?

Notable Dividend Flow: Can General Growth Properties, Inc. (NYSE:GGP) truly back claims of $0.20 dividends by Oct 31, 2016?

General Growth Properties, Inc. (NYSE:GGP) is expected to pay $0.20 on Oct 31, 2016. The indicated annual dividend is $0.80. Shareholders owning the stock before Oct 12, 2016 will be eligible to receive the payout. Based on General Growth Properties, Inc.’s current price of $25.97, the dividend is 0.77%. This dividend’s record date is Oct 14, 2016 and the announcement date is Aug 2, 2016. The stock decreased 0.38% or $0.1 on October 7, hitting $25.97. General Growth Properties Inc (NYSE:GGP) has declined 6.98% since March 8, 2016 and is downtrending. It has underperformed by 16.29% the S&P500.

General Growth Properties, Inc. is a self-administered and self-managed real estate investment trust (REIT). The company has a market cap of $23.04 billion. The Firm operates through operation, development and management of retail and other rental properties segment. It has a 36.3 P/E ratio. It is engaged in owning and operating retail properties to communities, retailers, employees, clients and shareholders.

Insitutional Activity: The institutional sentiment increased to 1.25 in Q2 2016. Its up 0.09, from 1.16 in 2016Q1. The ratio improved, as 30 funds sold all General Growth Properties Inc shares owned while 123 reduced positions. 36 funds bought stakes while 156 increased positions. They now own 833.99 million shares or 1.71% more from 819.97 million shares in 2016Q1.
Mitsubishi Ufj Trust And owns 1.15 million shares or 0.08% of their US portfolio. Moreover, Lord Abbett & Communications Ltd has 0.27% invested in General Growth Properties Inc (NYSE:GGP) for 2.93M shares. Invesco holds 0.14% or 12.68M shares in its portfolio. Tarbox Grp accumulated 54 shares or 0% of the stock. Moreover, Amica Mutual Insurance has 0.2% invested in General Growth Properties Inc (NYSE:GGP) for 68,979 shares. Franklin Resources Incorporated holds 651,565 shares or 0.01% of its portfolio. Manning & Napier Advsr Limited Liability Co accumulated 264,810 shares or 0.05% of the stock. Asset Mgmt accumulated 0.01% or 17,059 shares. Gateway Inv Advisers Ltd Limited Liability Company has 0.01% invested in the company for 41,699 shares. Federated Investors Inc Pa holds 0.06% or 662,584 shares in its portfolio. Harrison Street Securities Limited Liability has 2.74% invested in the company for 28,235 shares. Hartford Investment Co has 0.09% invested in the company for 138,733 shares. Goldman Sachs Group Inc accumulated 4.57 million shares or 0.04% of the stock. Montag A & Assocs Inc accumulated 0.28% or 70,280 shares. Moreover, Joel Isaacson & Ltd Liability Company has 0.02% invested in General Growth Properties Inc (NYSE:GGP) for 3,911 shares.

General Growth Properties Inc (NYSE:GGP) Ratings Coverage

Out of 13 analysts covering General Growth Properties (NYSE:GGP), 9 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 69% are positive. General Growth Properties has been the topic of 25 analyst reports since August 4, 2015 according to StockzIntelligence Inc. Deutsche Bank maintained General Growth Properties Inc (NYSE:GGP) rating on Thursday, August 6. Deutsche Bank has “Buy” rating and $34 price target. Credit Suisse upgraded it to “Outperform” rating and $33 target price in Thursday, August 20 report. Deutsche Bank maintained the shares of GGP in a report on Wednesday, August 17 with “Buy” rating. The rating was upgraded by BMO Capital Markets on Friday, September 25 to “Outperform”. As per Wednesday, August 12, the company rating was maintained by S&P Research. Deutsche Bank maintained the shares of GGP in a report on Monday, July 18 with “Buy” rating. The firm earned “Neutral” rating on Thursday, December 17 by JP Morgan. The stock of General Growth Properties Inc (NYSE:GGP) has “Equalweight” rating given on Tuesday, July 19 by Barclays Capital. The rating was maintained by Evercore on Tuesday, September 8 with “Buy”. The firm has “Equal-Weight” rating given on Thursday, August 18 by Barclays Capital.

Another recent and important General Growth Properties Inc (NYSE:GGP) news was published by Businesswire.com which published an article titled: “General Growth Properties Schedules Third Quarter 2016 Earnings Release and …” on September 23, 2016.

GGP Company Profile

General Growth Properties, Inc. (GGP), incorporated on July 1, 2010, is a self-administered and self-managed real estate investment trust (REIT). The Firm operates through operation, development and management of retail and other rental properties segment. It is engaged in owning and operating retail properties to communities, retailers, employees, clients and shareholders. The Firm owns, either entirely or with joint venture partners, over 130 retail properties located across the United States comprising approximately 130 million square feet of gross leasable area (GLA). 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 the Operating Partnerships), subsidiaries of GGP. The Operating Partnerships own an interest in the properties of GGP.

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