Ownership Action To Observe: GGP Inc Fka General Growth Properties Inc & Predecessor To General Growth Properties Inc (NYSE:GGP) Institutional Investors Q2 2016 Sentiment

November 29, 2016 - By Marguerite Chambers   ·   0 Comments

Ownership Action To Observe: GGP Inc Fka General Growth Properties Inc & Predecessor To General Growth Properties Inc (NYSE:GGP) Institutional Investors  Q2 2016 Sentiment

Sentiment for GGP Inc Fka General Growth Properties Inc & Predecessor To General Growth Properties Inc (NYSE:GGP)

GGP Inc Fka General Growth Properties Inc & Predecessor To 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 fall, as 192 funds opened new and increased holdings, while 153 cut down and sold their holdings in GGP Inc Fka General Growth Properties Inc & Predecessor To General Growth Properties Inc. The funds in our partner’s database now own: 833.99 million shares, up from 819.97 million shares in 2016Q1. Also, the number of funds holding GGP Inc Fka General Growth Properties Inc & Predecessor To 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 $23.04 billion. The Firm operates through operation, development and management of retail and other rental properties segment. It has a 19.96 P/E ratio. It is engaged in owning and operating retail properties to communities, retailers, employees, clients and shareholders.

About 763,027 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 $384.75 million 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 32.04% above today’s ($25.75) share price. GGP was included in 26 notes of analysts from August 4, 2015. The firm has “Outperform” rating given on Friday, December 4 by Boenning & Scattergood. The rating was upgraded by BMO Capital Markets on Friday, September 25 to “Outperform”. Evercore upgraded the stock to “Buy” rating in Monday, March 7 report. RBC Capital Markets maintained it with “Outperform” rating and $33 target price in Wednesday, February 3 report. The firm has “Equal-Weight” rating by Barclays Capital given on Tuesday, January 26. The company was maintained on Wednesday, August 12 by S&P Research. The firm has “Neutral” rating given on Thursday, December 17 by JP Morgan. The rating was maintained by Deutsche Bank on Wednesday, August 17 with “Buy”. The firm has “Equalweight” rating given on Tuesday, July 19 by Barclays Capital. The rating was upgraded by Credit Suisse on Thursday, August 20 to “Outperform”.

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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