It is Time to “Hold” General Growth Properties Inc (NYSE:GGP), BMO Capital Says. Stock May Be Worth $22.0

September 17, 2017 - By Ellis Scott

 It is Time to

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

Wellington Management Gru Llp has 186,845 shares. Montag A Assoc has invested 0.21% in GGP Inc (NYSE:GGP). Loeb Prtn stated it has 94,884 shares or 0.8% of all its holdings. Us National Bank & Trust De has invested 0% in GGP Inc (NYSE:GGP). Bank Of America Corporation De invested in 0.01% or 2.62M shares. Credit Suisse Ag stated it has 0.06% in GGP Inc (NYSE:GGP). Fifth Third National Bank & Trust invested 0% of its portfolio in GGP Inc (NYSE:GGP). D E Shaw invested 0% in GGP Inc (NYSE:GGP). Eii Cap Management Incorporated invested in 484,600 shares. Stifel Fincl Corporation owns 14,293 shares for 0% of their portfolio. James Invest Research Inc reported 87 shares or 0% of all its holdings. Aviva Public Limited reported 0.35% stake. Canada Pension Plan Inv Board accumulated 393,036 shares. Pggm Investments holds 14.74 million shares or 1.88% of its portfolio. Gsa Ltd Liability Partnership holds 0.03% in GGP Inc (NYSE:GGP) or 20,032 shares.

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

BMO Capital has just issued a “Hold” rating for General Growth Properties Inc (NYSE:GGP) shares. The firm initiated coverage on shares of GGP in a report revealed to clients and investors on Monday, 11 September. This TP suggests upside of 0.82 % from the last close price of General Growth Properties Inc (NYSE:GGP).

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

Wellington Management Gru Llp has 186,845 shares. Montag A Assoc has invested 0.21% in GGP Inc (NYSE:GGP). Loeb Prtn stated it has 94,884 shares or 0.8% of all its holdings. Us National Bank & Trust De has invested 0% in GGP Inc (NYSE:GGP). Bank Of America Corporation De invested in 0.01% or 2.62M shares. Credit Suisse Ag stated it has 0.06% in GGP Inc (NYSE:GGP). Fifth Third National Bank & Trust invested 0% of its portfolio in GGP Inc (NYSE:GGP). D E Shaw invested 0% in GGP Inc (NYSE:GGP). Eii Cap Management Incorporated invested in 484,600 shares. Stifel Fincl Corporation owns 14,293 shares for 0% of their portfolio. James Invest Research Inc reported 87 shares or 0% of all its holdings. Aviva Public Limited reported 0.35% stake. Canada Pension Plan Inv Board accumulated 393,036 shares. Pggm Investments holds 14.74 million shares or 1.88% of its portfolio. Gsa Ltd Liability Partnership holds 0.03% in GGP Inc (NYSE:GGP) or 20,032 shares.

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. Barclays Capital maintained GGP Inc (NYSE:GGP) on Thursday, August 18 with “Equal-Weight” rating. RBC Capital Markets maintained GGP Inc (NYSE:GGP) on Monday, May 8 with “Outperform” rating. The stock has “Outperform” rating by RBC Capital Markets on Wednesday, February 3. On Tuesday, March 14 the stock rating was downgraded by UBS to “Neutral”. RBC Capital Markets maintained GGP Inc (NYSE:GGP) on Thursday, August 17 with “Outperform” rating. BMO Capital Markets upgraded the shares of GGP in report on Friday, September 25 to “Outperform” rating. The rating was upgraded by Credit Suisse to “Outperform” on Thursday, August 20. As per Tuesday, August 11, the company rating was upgraded by Zacks. The rating was maintained by Deutsche Bank with “Buy” on Wednesday, August 17. Oppenheimer maintained GGP Inc (NYSE:GGP) rating on Tuesday, August 4. Oppenheimer has “Buy” rating and $35 target.

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 EPS 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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