General Growth Properties (NYSE:GGP) Earning Somewhat Positive News Coverage, Accern Reports
News stories about General Growth Properties (NYSE:GGP) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. General Growth Properties earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned news articles about the real estate investment trust an impact score of 47.1022312264577 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- General Growth Properties Inc (GGP-A) Trending Upward Near-term – Berry Recorder (berryrecorder.com)
- Simon Property Compared to Its Peers after 2Q17 (finance.yahoo.com)
- GGP’s 2Q17 Results from an Investor’s Perspective (finance.yahoo.com)
- GGP’s Revenue Rode High in 2Q17, Backed by New Leases (finance.yahoo.com)
- What Caused GGP’s Soft Rent Growth in 2Q17? (finance.yahoo.com)
GGP has been the subject of a number of recent research reports. Barclays PLC reiterated an “equal weight” rating and set a $25.00 price objective (down previously from $26.00) on shares of General Growth Properties in a research report on Wednesday, April 19th. Zacks Investment Research lowered General Growth Properties from a “hold” rating to a “sell” rating in a report on Wednesday, April 26th. Royal Bank Of Canada reduced their target price on General Growth Properties from $29.00 to $28.00 and set an “outperform” rating for the company in a report on Monday, May 8th. ValuEngine upgraded General Growth Properties from a “hold” rating to a “buy” rating in a report on Thursday, May 11th. Finally, Mizuho lowered General Growth Properties from a “buy” rating to a “neutral” rating and reduced their target price for the company from $30.00 to $24.50 in a report on Tuesday, May 30th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $27.54.
Shares of General Growth Properties (NYSE:GGP) traded down 2.18% during midday trading on Thursday, hitting $21.56. The stock had a trading volume of 5,415,088 shares. General Growth Properties has a 1-year low of $21.05 and a 1-year high of $30.50. The company’s 50 day moving average price is $23.16 and its 200-day moving average price is $23.45. The firm has a market capitalization of $18.99 billion, a PE ratio of 18.09 and a beta of 0.77.
General Growth Properties (NYSE:GGP) last issued its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by $0.22. The firm had revenue of $555.80 million during the quarter, compared to the consensus estimate of $576.75 million. General Growth Properties had a net margin of 50.01% and a return on equity of 13.57%. During the same period in the previous year, the company posted $0.35 earnings per share. Equities analysts predict that General Growth Properties will post $0.52 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, October 13th will be paid a $0.22 dividend. The ex-dividend date is Thursday, October 12th. This represents a $0.88 dividend on an annualized basis and a yield of 4.08%. General Growth Properties’s dividend payout ratio (DPR) is currently 73.95%.
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About General Growth Properties
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.
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