BMO Capital Says That General Growth Properties Inc (NYSE:GGP) Has $22.0 Stock Target

September 17, 2017 - By Clifton Ray

 BMO Capital Says That General Growth Properties Inc (NYSE:GGP) Has $22.0 Stock Target

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

Walleye Trading Ltd Llc reported 0% in GGP Inc (NYSE:GGP). Carnegie Cap Asset Mgmt Llc owns 24,978 shares for 0.09% of their portfolio. Ontario Teachers Pension Plan Board holds 219,355 shares. Geode Capital Management Limited Liability Corp accumulated 0.07% or 6.12M shares. Great West Life Assurance Co Can holds 0.05% of its portfolio in GGP Inc (NYSE:GGP) for 693,665 shares. Jefferies Grp Ltd Llc, a New York-based fund reported 468,345 shares. Moreover, Kbc Gru Nv has 0.15% invested in GGP Inc (NYSE:GGP). Blackrock Institutional Na has invested 0.08% in GGP Inc (NYSE:GGP). Independent Order Of Foresters has invested 3.45% in GGP Inc (NYSE:GGP). Wells Fargo And Mn has 1.68M shares. Blackrock Japan Company owns 862,061 shares. Wesbanco Bancshares Incorporated holds 0.02% or 11,340 shares. Massachusetts-based Cadence Mgmt Ltd has invested 0.09% in GGP Inc (NYSE:GGP). Gam Hldg Ag invested in 0.03% or 63,465 shares. Brookfield Asset Mgmt Incorporated has invested 39.19% in GGP Inc (NYSE:GGP).

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

BMO Capital analyst has initiated coverage with a “Hold” rating on General Growth Properties Inc (NYSE:GGP) today and set a price target of $22.0. The firm’s shares opened today at 0.

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

Walleye Trading Ltd Llc reported 0% in GGP Inc (NYSE:GGP). Carnegie Cap Asset Mgmt Llc owns 24,978 shares for 0.09% of their portfolio. Ontario Teachers Pension Plan Board holds 219,355 shares. Geode Capital Management Limited Liability Corp accumulated 0.07% or 6.12M shares. Great West Life Assurance Co Can holds 0.05% of its portfolio in GGP Inc (NYSE:GGP) for 693,665 shares. Jefferies Grp Ltd Llc, a New York-based fund reported 468,345 shares. Moreover, Kbc Gru Nv has 0.15% invested in GGP Inc (NYSE:GGP). Blackrock Institutional Na has invested 0.08% in GGP Inc (NYSE:GGP). Independent Order Of Foresters has invested 3.45% in GGP Inc (NYSE:GGP). Wells Fargo And Mn has 1.68M shares. Blackrock Japan Company owns 862,061 shares. Wesbanco Bancshares Incorporated holds 0.02% or 11,340 shares. Massachusetts-based Cadence Mgmt Ltd has invested 0.09% in GGP Inc (NYSE:GGP). Gam Hldg Ag invested in 0.03% or 63,465 shares. Brookfield Asset Mgmt Incorporated has invested 39.19% 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 firm earned “Buy” rating on Friday, October 14 by Sandler O’Neill. The rating was maintained by Stifel Nicolaus on Wednesday, August 2 with “Buy”. The stock of GGP Inc (NYSE:GGP) earned “Hold” rating by Zacks on Friday, August 28. Barclays Capital maintained the stock with “Equal-Weight” rating in Thursday, August 18 report. On Monday, August 14 the stock rating was maintained by Citigroup with “Buy”. BMO Capital Markets initiated the stock with “Hold” rating in Monday, September 11 report. On Tuesday, August 11 the stock rating was upgraded by Zacks to “Sell”. The company was downgraded on Tuesday, June 20 by Goldman Sachs. Oppenheimer maintained the shares of GGP in report on Tuesday, August 4 with “Buy” rating. Credit Suisse upgraded the shares of GGP in report on Thursday, August 20 to “Outperform” rating.

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 $326.42M 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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