Should General Growth Properties Inc (NYSE:GGP) Shares Be Watched After BMO Capital Initiates Coverage?

September 17, 2017 - By Richard Conner

 Should General Growth Properties Inc (NYSE:GGP) Shares Be Watched After BMO Capital Initiates Coverage?

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

Whittier Trust accumulated 78 shares or 0% of the stock. Honeywell Inc invested in 168,050 shares. First Personal Services holds 0% or 657 shares. 219,355 are owned by Ontario Teachers Pension Plan Board. Susquehanna Intl Limited Liability Partnership has invested 0% in GGP Inc (NYSE:GGP). Transamerica Fincl Advsr has 31 shares. Washington Savings Bank stated it has 0% in GGP Inc (NYSE:GGP). Meiji Yasuda Asset Mngmt Limited holds 17,623 shares or 0.05% of its portfolio. Aew Management Limited Partnership has invested 0.4% in GGP Inc (NYSE:GGP). Pension owns 460,966 shares for 0.08% of their portfolio. Blackrock Fund Advsr reported 0.08% in GGP Inc (NYSE:GGP). Chilton Management Limited Com invested in 1.84% or 703,661 shares. The France-based Cap Fund Mgmt has invested 0.03% in GGP Inc (NYSE:GGP). 596,651 were accumulated by Aqr Mngmt Ltd Llc. Wesbanco Comml Bank has invested 0.02% in GGP Inc (NYSE:GGP).

Why Has BMO Capital Given General Growth Properties Inc (NYSE:GGP) a $22.0 Price Target

In analysts report published on Monday morning, BMO Capital analyst has today has begun coverage for General Growth Properties Inc (NYSE:GGP) shares with a “Hold” rating. The TP is exactly $22.0.

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

Whittier Trust accumulated 78 shares or 0% of the stock. Honeywell Inc invested in 168,050 shares. First Personal Services holds 0% or 657 shares. 219,355 are owned by Ontario Teachers Pension Plan Board. Susquehanna Intl Limited Liability Partnership has invested 0% in GGP Inc (NYSE:GGP). Transamerica Fincl Advsr has 31 shares. Washington Savings Bank stated it has 0% in GGP Inc (NYSE:GGP). Meiji Yasuda Asset Mngmt Limited holds 17,623 shares or 0.05% of its portfolio. Aew Management Limited Partnership has invested 0.4% in GGP Inc (NYSE:GGP). Pension owns 460,966 shares for 0.08% of their portfolio. Blackrock Fund Advsr reported 0.08% in GGP Inc (NYSE:GGP). Chilton Management Limited Com invested in 1.84% or 703,661 shares. The France-based Cap Fund Mgmt has invested 0.03% in GGP Inc (NYSE:GGP). 596,651 were accumulated by Aqr Mngmt Ltd Llc. Wesbanco Comml Bank has invested 0.02% 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 stock of GGP Inc (NYSE:GGP) has “Buy” rating given on Thursday, August 6 by Deutsche Bank. The rating was initiated by BTIG Research with “Buy” on Thursday, August 25. The stock has “Hold” rating by Deutsche Bank on Monday, January 9. Citigroup maintained it with “Buy” rating and $27.5 target in Monday, August 14 report. The firm has “Outperform” rating given on Monday, May 8 by RBC Capital Markets. As per Friday, December 4, the company rating was initiated by Boenning & Scattergood. The stock of GGP Inc (NYSE:GGP) has “Hold” rating given on Friday, August 28 by Zacks. Barclays Capital maintained the shares of GGP in report on Thursday, August 18 with “Equal-Weight” rating. The stock has “Hold” rating by Sandler O’Neill on Thursday, August 3. The rating was upgraded by Credit Suisse on Thursday, August 20 to “Outperform”.

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.

Wall Street await GGP Inc (NYSE:GGP) to release earnings on October, 30. Analysts forecast earnings per share of $0.37, up exactly $0.02 or 5.71 % from 2014’s $0.35 EPS. The expected GGP’s profit could reach $326.42 million giving the stock 14.74 P/E in the case that $0.37 earnings per share is reported. After posting $0.40 EPS for the previous quarter, GGP Inc’s analysts now forecast -7.50 % negative EPS growth.

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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