Stocks That Fell to 3-Year Lows in the Week of August 11

GuruFocus.com
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- By Shuda Xia

GlaxoSmithKline PLC (GSK), Simon Property Group Inc (SPG), GGP Inc (GGP), and CenturyLink Inc (CTL) have declined to their three-year lows.

GlaxoSmithKline PLC (GSK) Declined to $38.79

The prices of GlaxoSmithKline PLC (GSK) shares have declined to $38.79 on August 11, which is only 4.1% above the 3-year low of $37.20.


GlaxoSmithKline PLC is a British pharmaceutical company. It is the world's sixth largest pharmaceutical company as of 2015. The company's drugs and vaccines earned over ?21.3 billion in 2013, and its top-selling products included Advair, Avodart, Flovent, and Lamictal.

GlaxoSmithKline Plc has a market cap of $94.47 billion; its shares were traded around $38.79 with a P/E ratio of 37.62 and P/S ratio of 2.45. The trailing 12-month dividend yield of GlaxoSmithKline Plc stocks is 5.21%. The forward dividend yield of GlaxoSmithKline Plc stocks is 5.10%.

On July 26 GlaxoSmithKline Plc reported second quarter 2017 financial results. The company reported pharmaceutical sales of ?4.4 billion, an increase of 12% annual equivalent rate, and vaccines sales of ?1.1 billion, an increase of 16% annual equivalent rate. The company also reported a total second quarter loss per share of 3.7p.

Simon Property Group Inc (SPG) Declined to $157.89

The prices of Simon Property Group Inc (SPG) shares have declined to $157.89 on August 11, which is only 4.9% above the 3-year low of $150.15.

Simon Property Group Inc. is an American international real estate company that is currently the largest real estate investment trust in the United States. It is also the largest shopping mall operator in the United States. The company operates from five retail real estate platforms, including regional malls, premium outlet centers, The Mills, community centers, and international properties.

Simon Property Group Inc has a market cap of $49.08 billion; its shares were traded around $157.89 with a P/E ratio of 28.04 and P/S ratio of 8.99. The trailing 12-month dividend yield of Simon Property Group Inc stocks is 4.32%. The forward dividend yield of Simon Property Group Inc stocks is 4.47%. Simon Property Group Inc had an annual average earnings growth of 3.40% over the past 10 years.

On August 1 Simon Property Group Inc reported second quarter 2017 financial results for the quarter ended June 30. Net income attributable to common stockholders was $382 million, or $1.23 per diluted share, compared to $455.4 million, or $1.45 per diluted share, in the prior year period. The company also reported a growth in comparable FFO per diluted share of 7.6%.

GGP Inc (GGP) Declined to $21.20

The prices of GGP Inc (GGP) shares have declined to $21.20 on August 11, which is only 0.7% above the 3-year low of $21.05.

GGP Inc is an American real estate investment trust company that owns and manages shopping malls throughout the United States. The company has interest in 120 regional shopping malls in forty states, and has been in the shopping center industry for more than 60 years. The entire company's portfolio totals roughly 125,000,000 square feet of retail space.

GGP Inc has a market cap of $18.7 billion; its shares were traded around $21.20 with a P/E ratio of 17.84 and P/S ratio of 8.80. The trailing 12-month dividend yield of GGP Inc stocks is 4.05%. The forward dividend yield of GGP Inc stocks is 4.08%. GGP Inc had an annual average earnings growth of 9.60% over the past 5 years.

On August 2 GGP Inc reported second quarter 2017 financial results. Net income attributable to GGP was $126 million, or $0.13 per diluted share, as compared to $186 million, or %0.19 per diluted share in the prior year period. Furthermore, the company also reported a net operating income of $551 million compared to $544 million in the prior year period.

CenturyLink Inc (CTL) Declined to $21.66

The prices of CenturyLink Inc (CTL) shares have declined to $21.66 on August 11, which is only 0.2% above the 3-year low of $21.61.

CenturyLink Inc is an American telecommunications company that provides communications and data services to residential, business, governmental, and wholesale customers in 37 states. The company operates as a local exchange carrier and internet access provider in U.S. markets and is the third largest telecommunications company in the U.S.

CenturyLink Inc has a market cap of $11.9 billion; its shares were traded around $21.66 with a P/E ratio of 31.39 and P/S ratio of 0.69. The trailing 12-month dividend yield of CenturyLink Inc stocks is 9.97%. The forward dividend yield of CenturyLink Inc stocks is 9.96%. CenturyLink Inc had an annual average earnings growth of 0.20% over the past 10 years.

On July 10 L CenturyLink Inc announced that the states of Alaska, Colorado, New York, and Pennsylvania recently approved the company's acquisition of Level 3 Communications Inc. Delaware, Georgia, Hawaii, Maryland, Minnesota, Ohio, Utah, Virginia, West Virginia, and the District of Columbia has already approved of the acquisition and the merger has also received regulatory clearance from seven other states.

Disclosure: I do not own stock in any of the companies mentioned in the article.

This article first appeared on GuruFocus.


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