Somewhat Positive News Coverage Somewhat Unlikely to Affect GGP (GGP) Stock Price
News articles about GGP (NYSE:GGP) have trended somewhat positive this week, Accern Sentiment reports. The research firm ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. 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 0.07 on Accern’s scale. Accern also gave news articles about the real estate investment trust an impact score of 46.5951718169539 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news articles that may have effected Accern Sentiment’s rankings:
- GGP Inc.: GGP Schedules Fourth Quarter 2017 Earnings Release and Conference Call (twst.com)
- There is plenty of value in real estate stocks, if you know where to look (nationalpost.com)
- Orinda Asset Management LLC Buys Colony NorthStar Inc, CorEnergy Infrastructure Trust Inc, GGP Inc, Sells Select … – GuruFocus.com (gurufocus.com)
- Hot Tickers: Analog Devices (ADI), GGP (GGP) – Market Movers (financialqz.com)
GGP (NYSE:GGP) opened at $23.55 on Monday. The stock has a market cap of $22,817.50, a P/E ratio of 33.13, a PEG ratio of 2.58 and a beta of 0.85. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.68. GGP has a 52 week low of $18.83 and a 52 week high of $25.72.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 5th. Stockholders of record on Friday, December 15th were paid a $0.22 dividend. The ex-dividend date was Thursday, December 14th. This represents a $0.88 annualized dividend and a dividend yield of 3.74%. GGP’s dividend payout ratio is currently 122.22%.
A number of analysts have commented on GGP shares. Boenning Scattergood set a $35.00 price target on shares of GGP and gave the stock a “buy” rating in a research report on Tuesday, November 14th. Zacks Investment Research downgraded shares of GGP from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. Stifel Nicolaus restated a “buy” rating and set a $24.00 price target on shares of GGP in a research report on Wednesday, November 1st. BMO Capital Markets set a $22.00 price target on shares of GGP and gave the stock a “hold” rating in a research report on Tuesday, October 31st. Finally, SunTrust Banks set a $26.00 price target on shares of GGP and gave the stock a “buy” rating in a research report on Tuesday, October 31st. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. GGP presently has a consensus rating of “Hold” and an average price target of $25.33.
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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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