News coverage about GGP (NYSE:GGP) has trended somewhat negative on Wednesday, according to Accern Sentiment. The research firm identifies positive and negative news coverage by monitoring more than twenty million blog and news sources. 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 -0.03 on Accern’s scale. Accern also gave news articles about the real estate investment trust an impact score of 46.6522313589912 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the media stories that may have impacted Accern Sentiment’s analysis:
Several equities analysts recently issued reports on GGP shares. Boenning Scattergood reiterated a “buy” rating and set a $34.50 price target on shares of GGP in a research report on Tuesday, November 21st. Zacks Investment Research cut shares of GGP from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. Sandler O’Neill lowered shares of GGP from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. BMO Capital Markets set a $22.00 price objective on shares of GGP and gave the stock a “hold” rating in a research note on Tuesday, October 31st. Finally, SunTrust Banks set a $26.00 price objective on shares of GGP and gave the stock a “buy” rating in a research note on Tuesday, October 31st. Four analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $25.00.
Shares of GGP (GGP) traded down $0.35 during midday trading on Wednesday, hitting $22.00. 1,735,481 shares of the stock traded hands, compared to its average volume of 5,153,063. The company has a market capitalization of $21,525.94, a P/E ratio of 31.87, a PEG ratio of 2.45 and a beta of 0.84. GGP has a 52-week low of $18.83 and a 52-week high of $25.69. 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 (NYSE:GGP) last issued its earnings results on Wednesday, February 7th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.01. GGP had a net margin of 28.24% and a return on equity of 7.87%. The firm had revenue of $627.40 million for the quarter, compared to the consensus estimate of $646.14 million. During the same quarter in the prior year, the firm posted $0.43 earnings per share. The business’s revenue was up 2.8% on a year-over-year basis. equities research analysts forecast that GGP will post 1.59 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Friday, April 13th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, April 12th. This represents a $0.88 annualized dividend and a dividend yield of 4.00%. GGP’s payout ratio is 127.54%.
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GGP Company Profile
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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