General Growth Properties (GGP) Receives Daily Media Impact Rating of 0.18
Media coverage about General Growth Properties (NYSE:GGP) has been trending somewhat positive this week, Accern Sentiment reports. The research firm ranks the sentiment of news 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 negative one to one, with scores nearest to one being the most favorable. General Growth Properties earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 48.1549663747444 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the headlines that may have effected Accern’s rankings:
- General Growth Properties, Inc. (GGP) to Post Q4 2017 Earnings of $0.47 Per Share, Boenning Scattergood Forecasts (americanbankingnews.com)
- General Growth Properties, Inc. (GGP) Stock Rating Reaffirmed by Boenning Scattergood (americanbankingnews.com)
- Unfulfilled growth for Maumee retail site – The Blade – Toledo Blade (toledoblade.com)
- General Growth Properties, Inc. (GGP) Given Consensus Rating of “Hold” by Analysts (americanbankingnews.com)
- Unfulfilled growth for Maumee retail site – Toledo Blade (toledoblade.com)
GGP has been the topic of a number of research analyst reports. Sandler O’Neill downgraded shares of General Growth Properties from a “buy” rating to a “hold” rating and dropped their target price for the stock from $31.00 to $24.00 in a research note on Thursday, August 3rd. Zacks Investment Research upgraded shares of General Growth Properties from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Royal Bank Of Canada restated a “buy” rating and issued a $28.00 target price on shares of General Growth Properties in a research note on Friday, August 4th. Citigroup Inc. dropped their target price on shares of General Growth Properties from $30.00 to $27.50 and set a “buy” rating on the stock in a research note on Monday, August 14th. Finally, BidaskClub downgraded shares of General Growth Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. General Growth Properties has a consensus rating of “Hold” and an average price target of $25.42.
Shares of General Growth Properties (NYSE GGP) traded down $0.01 on Thursday, hitting $23.34. 9,841,300 shares of the stock traded hands, compared to its average volume of 6,474,264. General Growth Properties has a 52-week low of $18.83 and a 52-week high of $26.63. The stock has a market cap of $22,070.00, a PE ratio of 14.97, a PEG ratio of 2.48 and a beta of 0.79. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.35 and a quick ratio of 1.35.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Friday, December 15th will be given a $0.22 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.88 annualized dividend and a dividend yield of 3.77%. General Growth Properties’s payout ratio is presently 123.94%.
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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