Will New Ratings Coverage by BMO Capital Help General Growth Properties Inc (NYSE:GGP) Stock This Week?

September 17, 2017 - By Adrian Erickson

 Will New Ratings Coverage by BMO Capital Help General Growth Properties Inc (NYSE:GGP) Stock This Week?

Investors sentiment decreased to 0.92 in 2016 Q4. Its down 0.18, from 1.1 in 2016Q3. It worsened, 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.

Schroder Inv Mngmt Grp Incorporated reported 0.04% in GGP Inc (NYSE:GGP). Highbridge Capital Mngmt Limited Liability Corporation owns 0.25% invested in GGP Inc (NYSE:GGP) for 563,420 shares. 87 were accumulated by James Inv Research. Wells Fargo Com Mn reported 0.01% stake. Prudential Fincl owns 4.40M shares. Credit Agricole S A stated it has 485,513 shares. Alpha Windward Limited Liability Company has invested 0% in GGP Inc (NYSE:GGP). Bamco New York invested in 342,331 shares or 0.05% of the stock. Moreover, Bnp Paribas Investment Prtn Sa has 0.07% invested in GGP Inc (NYSE:GGP) for 295,365 shares. Carroll Fincl Associates has 517 shares. Winfield Inc, Ohio-based fund reported 623 shares. 32,410 were reported by Grp One Trading Lp. Wesbanco Savings Bank Inc invested in 0.02% or 11,340 shares. Cap Financial Advisers Limited Company holds 0.01% or 46,715 shares. 1St Glob 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

Equity analysts at BMO Capital has begun coverage on shares of General Growth Properties Inc (NYSE:GGP) in an analyst note issued to investors and clients on 11 September. The broker set “Hold” rating on the stock. BMO Capital’s target price per share of $22.0 suggests potential of 0.82 % from the stock’s last stock price.

Investors sentiment decreased to 0.92 in 2016 Q4. Its down 0.18, from 1.1 in 2016Q3. It worsened, 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.

Schroder Inv Mngmt Grp Incorporated reported 0.04% in GGP Inc (NYSE:GGP). Highbridge Capital Mngmt Limited Liability Corporation owns 0.25% invested in GGP Inc (NYSE:GGP) for 563,420 shares. 87 were accumulated by James Inv Research. Wells Fargo Com Mn reported 0.01% stake. Prudential Fincl owns 4.40M shares. Credit Agricole S A stated it has 485,513 shares. Alpha Windward Limited Liability Company has invested 0% in GGP Inc (NYSE:GGP). Bamco New York invested in 342,331 shares or 0.05% of the stock. Moreover, Bnp Paribas Investment Prtn Sa has 0.07% invested in GGP Inc (NYSE:GGP) for 295,365 shares. Carroll Fincl Associates has 517 shares. Winfield Inc, Ohio-based fund reported 623 shares. 32,410 were reported by Grp One Trading Lp. Wesbanco Savings Bank Inc invested in 0.02% or 11,340 shares. Cap Financial Advisers Limited Company holds 0.01% or 46,715 shares. 1St Glob 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. The company was maintained on Tuesday, July 19 by Barclays Capital. Citigroup maintained it with “Buy” rating and $27.5 target in Monday, August 14 report. The stock of GGP Inc (NYSE:GGP) earned “Buy” rating by Evercore on Tuesday, September 8. Hilliard Lyons initiated GGP Inc (NYSE:GGP) on Wednesday, August 31 with “Neutral” rating. The stock of GGP Inc (NYSE:GGP) has “Hold” rating given on Monday, November 16 by Evercore. The rating was maintained by RBC Capital Markets with “Outperform” on Monday, May 8. Deutsche Bank maintained GGP Inc (NYSE:GGP) rating on Wednesday, August 17. Deutsche Bank has “Buy” rating and $37 target. The firm has “Buy” rating given on Thursday, August 6 by Deutsche Bank. UBS downgraded it to “Neutral” rating and $25 target in Tuesday, March 14 report. The rating was upgraded by Zacks to “Sell” on Tuesday, August 11.

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.

Investors wait GGP Inc (NYSE:GGP) to report on October, 30. its quarterly earnings Wall Street analysts expect $0.37 earnings per share, up $0.02 or 5.71 % from last year’s $0.35 same quarter earnings. This translates into $326.42 million profit for GGP giving the stock a 14.74 P/E. This is assuming the current $0.37 EPS is accurate. GGP Inc’s Wall Street analysts see -7.50 % negative EPS growth, taking into account the $0.40 EPS reproted in the previous quarter,

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).

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