Noteworthy Ownership Action: 1.1 is General Growth Properties Inc’s (NYSE:GGP) Institutional Investor Sentiment

November 29, 2016 - By Marguerite Chambers   ·   0 Comments

Noteworthy Ownership Action: 1.1 is General Growth Properties Inc's (NYSE:GGP) Institutional Investor Sentiment

Sentiment for General Growth Properties Inc (NYSE:GGP)

General Growth Properties Inc (NYSE:GGP) institutional sentiment decreased to 1.1 in 2016 Q2. Its down -0.15, from 1.25 in 2016Q1. The ratio has worsened, as 192 investment managers increased or opened new holdings, while 153 decreased and sold stakes in General Growth Properties Inc. The investment managers in our partner’s database reported: 833.99 million shares, up from 819.97 million shares in 2016Q1. Also, the number of investment managers holding General Growth Properties Inc in their top 10 holdings increased from 9 to 13 for an increase of 4. Sold All: 30 Reduced: 123 Increased: 156 New Position: 36.

General Growth Properties, Inc. is a self-administered and self-managed real estate investment trust (REIT). The company has a market cap of $23.03 billion. The Firm operates through operation, development and management of retail and other rental properties segment. It has a 19.95 P/E ratio. It is engaged in owning and operating retail properties to communities, retailers, employees, clients and shareholders.

About 746,701 shares traded hands. General Growth Properties Inc (NYSE:GGP) has declined 11.11% since April 26, 2016 and is downtrending. It has underperformed by 16.37% the S&P500.

Analysts await General Growth Properties Inc (NYSE:GGP) to report earnings on February, 6. They expect $0.43 EPS, 0.00% or $0.00 from last year’s $0.43 per share. GGP’s profit will be $384.73M for 14.97 P/E if the $0.43 EPS becomes a reality. After $0.35 actual EPS reported by General Growth Properties Inc for the previous quarter, Wall Street now forecasts 22.86% EPS growth.

According to Zacks Investment Research, “General Growth Properties is one of the oldest and most experienced shopping center owners, developers and managers in the United States. It has ownership interests in, and management responsibilities for, a portfolio of regional shopping malls in numerous states. (Company Press Release)”

Brookfield Asset Management Inc. holds 44.89% of its portfolio in General Growth Properties Inc for 299.50 million shares. Presima Inc. owns 2.81 million shares or 13.22% of their US portfolio. Moreover, Resolution Capital Ltd has 8.92% invested in the company for 4.55 million shares. The Illinois-based Grs Advisors Llc has invested 8.4% in the stock. Heitman Real Estate Securities Llc, a Illinois-based fund reported 3.15 million shares.#img1#

General Growth Properties Inc (NYSE:GGP) Ratings Coverage

Ratings analysis reveals 71% of General Growth Properties’s analysts are positive. Out of 14 Wall Street analysts rating General Growth Properties, 10 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $27 while the high is $40. The stock’s average target of $34 is 32.09% above today’s ($25.74) share price. GGP was included in 26 notes of analysts from August 4, 2015. BTIG Research initiated it with “Buy” rating and $35 target price in Thursday, August 25 report. Barclays Capital maintained General Growth Properties Inc (NYSE:GGP) rating on Thursday, August 18. Barclays Capital has “Equal-Weight” rating and $32 price target. The stock has “Buy” rating given by Deutsche Bank on Wednesday, August 17. JP Morgan downgraded the stock to “Neutral” rating in Thursday, December 17 report. The stock of General Growth Properties Inc (NYSE:GGP) earned “Equalweight” rating by Barclays Capital on Tuesday, July 19. The rating was maintained by Evercore on Tuesday, September 8 with “Buy”. The company was reinitiated on Wednesday, March 16 by Credit Suisse. BMO Capital Markets upgraded the stock to “Outperform” rating in Friday, September 25 report. As per Friday, October 14, the company rating was upgraded by Sandler O’Neill. Barclays Capital downgraded the shares of GGP in a report on Tuesday, January 26 to “Equal-Weight” rating.

GGP Company Profile

General Growth Properties, Inc. (GGP), incorporated on July 1, 2010, is a self-administered and self-managed real estate investment trust (REIT). The Firm operates through operation, development and management of retail and other rental properties segment. It is engaged in owning and operating retail properties to communities, retailers, employees, clients and shareholders. The Firm owns, either entirely or with joint venture partners, over 130 retail properties located across the United States comprising approximately 130 million square feet of gross leasable area (GLA). The Company’s business is conducted through GGP Operating Partnership, LP (GGPOP), GGP Nimbus, LP (GGPN) and GGP Limited Partnership (GGPLP, and together with GGPN the Operating Partnerships), subsidiaries of GGP. The Operating Partnerships own an interest in the properties of GGP.

More news for General Growth Properties Inc (NYSE:GGP) were recently published by: Marketwatch.com, which released: “Macy’s sells 5 stores to General Growth Properties for $46 mln” on October 31, 2016. Zacks.com‘s article titled: “General Growth Properties (GGP) Misses on Revenues in Q3” and published on November 01, 2016 is yet another important article.

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By Marguerite Chambers


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