Press coverage about GGP (NYSE:GGP) has been trending somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. GGP earned a media sentiment score of 0.05 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 46.5364407708574 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
GGP has been the topic of several research analyst reports. Boenning Scattergood restated a “buy” rating and issued a $34.50 price objective on shares of GGP in a report on Tuesday, November 21st. Zacks Investment Research lowered shares of GGP from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Sandler O’Neill lowered shares of GGP from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. BMO Capital Markets set a $22.00 price objective on shares of GGP and gave the company a “hold” rating in a report on Tuesday, October 31st. Finally, SunTrust Banks set a $26.00 price objective on shares of GGP and gave the company a “buy” rating in a report on Tuesday, October 31st. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $25.00.
Shares of GGP (NYSE GGP) traded down $0.36 during trading hours on Wednesday, reaching $21.99. 3,820,005 shares of the company’s stock were exchanged, compared to its average volume of 5,221,021. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.00 and a quick ratio of 1.35. The stock has a market capitalization of $21,525.94, a price-to-earnings ratio of 31.32, a PEG ratio of 2.45 and a beta of 0.84. GGP has a one year low of $18.83 and a one year high of $25.69.
GGP (NYSE:GGP) last issued its quarterly earnings results on Wednesday, February 7th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.01. The company had revenue of $627.40 million for the quarter, compared to analyst estimates of $646.14 million. GGP had a net margin of 28.24% and a return on equity of 7.87%. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.43 earnings per share. equities analysts forecast that GGP will post 1.59 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Friday, April 13th will be paid a dividend of $0.22 per share. The ex-dividend date is Thursday, April 12th. This represents a $0.88 dividend on an annualized basis and a yield of 4.00%. GGP’s dividend payout ratio (DPR) is presently 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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