|Bid||0.00 x 3000|
|Ask||0.00 x 900|
|Day's Range||21.83 - 22.29|
|52 Week Range||18.83 - 24.23|
|Beta (3Y Monthly)||0.99|
|PE Ratio (TTM)||36.89|
|Earnings Date||Oct 29, 2018 - Nov 2, 2018|
|Forward Dividend & Yield||0.88 (4.01%)|
|1y Target Est||22.55|
One stock doing just that, however, is Arista Networks (NYSE:ANET). This past Friday, cloud networking solutions outfit and relative market newcomer Arista Networks solidified its winning ways. Standard & Poors announced ANET stock would be the broad-based and large capitalization S&P 500 index’s newest constituent and replacing GGP Inc (NYSE:GGP) as of the open of trade on Tuesday.
MARKET PULSE Arista Networks Inc. (anet) shares rose in the extended session Thursday after S&P Dow Jones Indices announced the cloud network company will join the S&P 500 index (spx) Arista shares advanced 3.
NEW YORK , Aug. 23, 2018 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500 and S&P SmallCap 600: Arista Networks Inc. (NYSE: ANET) will replace GGP Inc. (NYSE: GGP) in ...
Neither of those names sport stock charts that have earned them a spot on Thursday’s list of potential trades worth watching though. For today, GGP (NYSE:GGP), Analog Devices (NASDAQ:ADI) and Citizens Financial Group (NYSE:CFG) are shaping up as your top trading prospects… at least until something dramatic changes their brewing situations. It was one of the three stock charts put under the microscope back on July 26 as it began to rally out of a funk and pick up steam.
Brookfield Property Partners LP had to overcome vocal GGP Inc. shareholder opposition last month to convince stockholders to approve its $15 billion takeover of the mall owner. Now Brookfield has to revitalize GGP’s 125-property portfolio at a time when many shopping malls are reeling. Brookfield’s acquisition also comes at a time when online shopping and fast-changing consumer tastes require landlords to make bigger investments on cosmetic and structural upgrades to make properties attractive to tenants and shoppers.
The best ratio to evaluate a REIT like Simon Property (SPG) is the price-to-FFO (price-to-funds from operations) multiple. Simon Property’s TTM (trailing-12-month) price-to-FFO ratio is 15.0x. Competitors Equity Residential (EQR), GGP (GGP), and Kimco Realty (KIM) have TTM price-to-FFO ratios of 21.3x, 14.1x, and 11.0x, respectively, which means Simon Property is trading at a discount to Equity Residential but at a premium to GGP and Kimco Realty.
What Lies Ahead for Simon Property in the Second Half of 2018? At the end of the second quarter of 2018, Simon Property (SPG) had a debt-to-equity ratio of 7.06x, which was higher than the first-quarter level of 6.83x as well as the industry average of 0.97x. Simon Property is working on several development projects to expand its business.
What Lies Ahead for Simon Property in the Second Half of 2018? In its second-quarter 2018 earnings conference call, Simon Property (SPG) stated that it will continue investing in the redevelopment and expansion of its properties. Notably, the company has spent ~$5 billion on development projects over the last five years.
What Lies Ahead for Simon Property in the Second Half of 2018? Simon Property (SPG) has reported five consecutive quarters of upbeat top-line performances and also seen YoY improvements. Furthermore, Simon Property is focusing on transforming its properties by adding more hotels, restaurants, and luxury stores.
Far more tame were stock charts of GGP (NYSE:GGP), Alaska Air Group (NYSE:ALK) and Varian Medical Systems (NYSE:VAR), which are heading into Tuesday’s action as a trader’s top prospects — largely because they didn’t dish out tricky, unfounded volatility. Both are trends that retail space landlord GGP benefit from. • There’s a likely resistance line at $23.85, where VAR bumped into a technical ceiling late last year and early this year.
Tanger Factory Outlet Centers (NYSE:SKT) has become a battleground stock. Some 27% of Tanger stock is sold short at the moment. Heading into its most recent earnings report, Tanger stock had bounced 20% from May lows.
Short interest is extremely low for GGP with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting GGP. Over the last month, growth of ETFs holding GGP is favorable, with net inflows of $9.89 billion.
GGP's Q2 result reflects healthy growth in same-store net operating income. Also, its acquisition by Brookfield Property Partners L.P. is on track, with recent approval from common stockholders.
Moody's Investors Service, ("Moody's") has affirmed the ratings on six classes and downgraded the ratings on four classes in GS Mortgage Securities Trust 2012-GCJ7, Commercial Pass-Through Certificates, ...