News stories about GGP (NYSE:GGP) have trended somewhat positive recently, according to Accern Sentiment. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. GGP earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 46.5546927789509 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- GGP Inc (GGP) Shares Sold by Ontario Teachers Pension Plan Board (americanbankingnews.com)
- GGP Inc. (GGP) – Lookout Watch Unusual Volume stock – Wall Street Morning (wallstreetmorning.com)
- Stock with Constructive EPS Growth For Next Year: GGP Inc. (GGP) – Wallstreet Investorplace (wallstreetinvestorplace.com)
- GGP Inc (GGP) Files 10-K for the Fiscal Year Ended on December 31, 2017 – GuruFocus.com (gurufocus.com)
- How Did GGP Inc’s (LON:0IT0) 7.29% ROE Fare Against The Industry? (finance.yahoo.com)
A number of research analysts have recently weighed in on the company. Zacks Investment Research raised GGP from a “sell” rating to a “hold” rating in a research report on Thursday, February 15th. Royal Bank of Canada reaffirmed a “buy” rating and set a $24.00 price objective on shares of GGP in a research report on Monday, February 12th. ValuEngine cut GGP from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Mizuho reaffirmed a “hold” rating and set a $22.00 price objective on shares of GGP in a research report on Friday, February 16th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $24.00 price objective on shares of GGP in a research report on Wednesday, November 1st. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company’s stock. GGP currently has a consensus rating of “Hold” and an average price target of $24.79.
GGP (NYSE:GGP) traded up $0.24 during midday trading on Friday, reaching $21.52. The company had a trading volume of 4,894,194 shares, compared to its average volume of 5,365,159. The company has a current ratio of 1.00, a quick ratio of 1.35 and a debt-to-equity ratio of 1.51. GGP has a one year low of $18.83 and a one year high of $25.62. The stock has a market cap of $20,365.33, a PE ratio of 31.19, a PEG ratio of 2.37 and a beta of 0.85.
GGP (NYSE:GGP) last posted its quarterly earnings results on Wednesday, February 7th. The real estate investment trust reported $0.21 EPS for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.01. GGP had a return on equity of 10.12% and a net margin of 23.73%. The company had revenue of $627.40 million for the quarter, compared to analysts’ expectations of $646.14 million. During the same period in the previous year, the firm earned $0.43 EPS. The firm’s revenue was up 2.8% compared to the same quarter last year. sell-side analysts predict that GGP will post 1.56 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Friday, April 13th will be issued a $0.22 dividend. The ex-dividend date is Thursday, April 12th. This represents a $0.88 dividend on an annualized basis and a yield of 4.09%. GGP’s dividend payout ratio is presently 127.54%.
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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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