New Hold Rating Was Given to General Growth Properties Inc (NYSE:GGP)

September 17, 2017 - By reb123z

 New Hold Rating Was Given to General Growth Properties Inc (NYSE:GGP)

Investors sentiment decreased to 0.92 in Q4 2016. Its down 0.18, from 1.1 in 2016Q3. It is negative, as 64 investors sold GGP Inc shares while 121 reduced holdings. 37 funds opened positions while 134 raised stakes. 742.41 million shares or 7.29% less from 800.79 million shares in 2016Q3 were reported.

Bp Public Ltd Com has invested 0.06% in GGP Inc (NYSE:GGP). Art Limited Liability Co stated it has 20,000 shares or 0.03% of all its holdings. Architects, New Jersey-based fund reported 2,588 shares. New York-based Virtu Financial Ltd Liability Company has invested 0.02% in GGP Inc (NYSE:GGP). Dimensional Fund L P reported 7.66 million shares. Assetmark invested in 0.01% or 34,238 shares. Andra Ap reported 0.11% of its portfolio in GGP Inc (NYSE:GGP). Everence Cap Mngmt Inc reported 12,536 shares. Amica Pension Fund Board Of Trustees holds 100,675 shares or 0.3% of its portfolio. Ameritas Investment Prtn reported 0.02% stake. Quantres Asset Mgmt Ltd stated it has 14,400 shares. 517 are held by Carroll Fincl Assocs. State Of Tennessee Treasury Department invested in 357,079 shares or 0.05% of the stock. James Inv Research, a Ohio-based fund reported 87 shares. The Australia-based Macquarie Group Incorporated Limited has invested 0.07% in GGP Inc (NYSE:GGP).

Why Has BMO Capital Given General Growth Properties Inc (NYSE:GGP) a $22.0 Price Target

Stock analysts at BMO Capital initiated coverage on General Growth Properties Inc (NYSE:GGP) with a key Hold rating. The PT for GGP is set to $22.0. It indicates a possible upside of 0.82 % from firm’s current stock price.

Investors sentiment decreased to 0.92 in Q4 2016. Its down 0.18, from 1.1 in 2016Q3. It is negative, as 64 investors sold GGP Inc shares while 121 reduced holdings. 37 funds opened positions while 134 raised stakes. 742.41 million shares or 7.29% less from 800.79 million shares in 2016Q3 were reported.

Bp Public Ltd Com has invested 0.06% in GGP Inc (NYSE:GGP). Art Limited Liability Co stated it has 20,000 shares or 0.03% of all its holdings. Architects, New Jersey-based fund reported 2,588 shares. New York-based Virtu Financial Ltd Liability Company has invested 0.02% in GGP Inc (NYSE:GGP). Dimensional Fund L P reported 7.66 million shares. Assetmark invested in 0.01% or 34,238 shares. Andra Ap reported 0.11% of its portfolio in GGP Inc (NYSE:GGP). Everence Cap Mngmt Inc reported 12,536 shares. Amica Pension Fund Board Of Trustees holds 100,675 shares or 0.3% of its portfolio. Ameritas Investment Prtn reported 0.02% stake. Quantres Asset Mgmt Ltd stated it has 14,400 shares. 517 are held by Carroll Fincl Assocs. State Of Tennessee Treasury Department invested in 357,079 shares or 0.05% of the stock. James Inv Research, a Ohio-based fund reported 87 shares. The Australia-based Macquarie Group Incorporated Limited has invested 0.07% in GGP Inc (NYSE:GGP).

GGP Inc (NYSE:GGP) Ratings Coverage

Among 18 analysts covering General Growth Properties (NYSE:GGP), 9 have Buy rating, 1 Sell and 8 Hold. Therefore 50% are positive. General Growth Properties has $40 highest and $22.0 lowest target. $29.54’s average target is 35.38% above currents $21.82 stock price. General Growth Properties had 37 analyst reports since August 4, 2015 according to SRatingsIntel. Deutsche Bank maintained GGP Inc (NYSE:GGP) rating on Wednesday, August 17. Deutsche Bank has “Buy” rating and $37 target. Zacks downgraded the stock to “Hold” rating in Friday, August 28 report. The stock of GGP Inc (NYSE:GGP) has “Hold” rating given on Thursday, August 3 by Sandler O’Neill. On Monday, July 18 the stock rating was maintained by Deutsche Bank with “Buy”. The firm has “Equal-Weight” rating given on Thursday, August 18 by Barclays Capital. Evercore upgraded the stock to “Buy” rating in Monday, March 7 report. Stifel Nicolaus maintained GGP Inc (NYSE:GGP) rating on Wednesday, August 2. Stifel Nicolaus has “Buy” rating and $2500 target. The firm has “Equal-Weight” rating given on Tuesday, January 26 by Barclays Capital. The firm has “Buy” rating given on Thursday, August 25 by BTIG Research. The stock of GGP Inc (NYSE:GGP) earned “Buy” rating by Oppenheimer on Tuesday, August 4.

The stock increased 0.55% or $0.12 on September 15, reaching $21.82. About 14.49M shares traded or 167.84% up from the average. GGP Inc (NYSE:GGP) has declined 11.69% since September 17, 2016 and is downtrending. It has underperformed by 28.39% the S&P500.

Analysts await GGP Inc (NYSE:GGP) to report earnings on October, 30. They expect $0.37 earnings per share, up 5.71 % or $0.02 from last year’s $0.35 per share. GGP’s profit will be $326.42M for 14.74 P/E if the $0.37 EPS becomes a reality. After $0.40 actual earnings per share reported by GGP Inc for the previous quarter, Wall Street now forecasts -7.50 % negative EPS growth.

GGP Inc. , formerly General Growth Properties, Inc., is a self-administered and self-managed real estate investment trust (REIT). The company has market cap of $19.25 billion. The Firm operates as a holding company, which is engaged in the operation, development and management of retail and other rental properties, primarily regional malls. It has a 18.44 P/E ratio. 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).

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.