01.02.2017 13:40:00

REIT Stocks Under Scanner -- General Growth Properties, Kimco Realty, DDR Corp., and CBL & Associates Properties

NEW YORK, February 1, 2017 /PRNewswire/ --

Stock-Callers.com has uncovered the following equities ahead of today's trading session: General Growth Properties Inc. (NYSE: GGP), Kimco Realty Corp. (NYSE: KIM), DDR Corp. (NYSE: DDR), and CBL & Associates Properties Inc. (NYSE: CBL). These real estate investment trusts belong to the Retail REIT space which is focused on large regional malls, as well as grocery-anchored shopping centers and power centers that feature big box retailers. You can access our complimentary research reports on these stocks now at:

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General Growth Properties  

Shares in Chicago, Illinois-based General Growth Properties Inc. jumped 3.67%, ending Tuesday's trading session at $24.84. The stock recorded a trading volume of 7.31 million shares, which was above its three months average volume of 4.47 million. The Company's shares have gained 1.35% in the last one month and 0.98% in the previous three months. The stock is trading 1.96% below its 50-day moving average. Moreover, shares of General Growth Properties, which engages in owning, managing, leasing, and redeveloping high-quality regional malls, have a Relative Strength Index (RSI) of 48.61.

On January 09th, 2017, research firm Deutsche Bank downgraded the Company's stock rating from 'Buy' to 'Hold' while revising its previous target price from $36 a share to $27 a share.

On January 30th, 2017, General Growth Properties announced that for Q4 2016 net income attributed to the Company was $236 million, or $0.24 per diluted share, compared to $194 million, or $0.20 per diluted share, in Q4 2015. For full year 2016, net income attributed to the Company was $1.3 billion, or $1.34 per diluted share, compared to $1.37 billion, or $1.43 per diluted share, in the prior year's same period. For Q4 2016, Company Funds from Operations was $412 million, or $0.43 per diluted share, up 0.8% compared to $408 million, or $0.43 per diluted share, in Q4 2015. Visit us today and download your complete report on GGP for free at:

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Kimco Realty  

New Hyde Park, New York-based Kimco Realty Corp.'s stock rose 0.53%, closing the day at $24.89. A total volume of 7.57 million shares was traded, which was higher than their three months average volume of 3.73 million shares. The Company's shares have advanced 0.44% in the last month. The stock is trading 1.90% below its 50-day moving average. Additionally, shares of Kimco Realty, which invests in the real estate markets across North America, have an RSI of 44.91.

On January 26th, 2017, Kimco Realty Corp. announced that it has signed three new leases, including Starbucks, at its Wilde Lake center in Columbia, Maryland, on the heels of a dramatic $18.1 million redevelopment which transformed the project into a mixed-use destination with 230 residential rental units, 30,000 square feet of office space, 41,000 square feet of retail, and 20,000 square feet of restaurants. The complimentary research report on KIM can be accessed at:


http://stock-callers.com/registration/?symbol=KIM


DDR Corp. 

On Tuesday, Beachwood, Ohio-based DDR Corp.'s stock recorded a trading volume of 2.39 million shares, and ended the day 1.95% higher at $15.18. The Company's shares have gained 0.73% in the past month. The stock is trading above its 50-day moving average by 0.16%. Furthermore, shares of DDR Corp., which invests in the real estate markets of the US and Puerto Rico, have an RSI of 51.79.

On January 30th, 2017, research firm Citigroup upgraded the Company's stock rating from 'Neutral' to 'Buy'.

On January 31st, 2017, DDR Corp. announced that Jane E. DeFlorio, lead independent director of Perry Ellis International, Inc., has been appointed to the Company's Board of Directors, effective immediately. Register for free on Stock-Callers.com and download the PDF research report on DDR at:

http://stock-callers.com/registration/?symbol=DDR


CBL & Associates Properties  

Chattanooga, Tennessee-based CBL & Associates Properties Inc.'s stock rose 6.48%, finishing yesterday's session at $10.85. A total volume of 4.98 million shares was traded, which was above their three months average volume of 2.09 million shares. The Company's shares have advanced 0.37% in the previous three months. The stock is trading below its 200-day moving average by 1.42%. Additionally, shares of CBL & Associates Properties, which engages in acquisition, development, and management of properties, have an RSI of 49.49.

On January 30th, 2017, CBL & Associates Properties announced that it has closed on a sale-leaseback transaction for five Sears department stores and two Sears Auto Centers located at CBL malls, providing CBL with control of these locations for future redevelopment. CBL has acquired the locations for a total consideration of $72.5 million. Sears will continue to operate the department stores under new 10-year leases. Under the terms of the leases, CBL will receive aggregate initial base rent of approximately $5.075 million.

On January 30th, 2017, research firm Citigroup upgraded the Company's stock rating from 'Sell' to 'Neutral'. Get free access to your research report on CBL at:

http://stock-callers.com/registration/?symbol=CBL

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