Zacks.com, the online unit of Zacks Investment Research Inc., Chicago, has placed General Growth Properties on its #5 Rank List -- Stocks to Sell Now.The Chicago-based real estate investment trust recently reported funds from operations of $0.91 per share, $0.10 below analysts' projections and the second straight quarterly shortfall, Zacks said. The REIT's guidance -- FFO of $3.27-3.37 per share for 2006, versus a previous consensus estimate of $3.48 per share -- was also disappointing, Zacks said. Zacks noted that nine of the 13 analysts that cover GGP have cut their forecasts, dropping the consensus estimate to $3.38 per share. Zacks can be found online at http://www.zacks.com.
Processing Content
