Intu Properties (INTU) Issues Earnings Results

Intu Properties (LON:INTU) posted its quarterly earnings data on Wednesday. The real estate investment trust reported GBX 14.40 ($0.19) earnings per share for the quarter, topping analysts’ consensus estimates of GBX 13.90 ($0.18) by GBX 0.50 ($0.01), Digital Look Earnings reports.

LON INTU opened at GBX 110.65 ($1.45) on Friday. Intu Properties has a 1-year low of GBX 188.90 ($2.47) and a 1-year high of GBX 291.60 ($3.81).

In other news, insider John Whittaker acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, December 21st. The stock was purchased at an average cost of GBX 117 ($1.53) per share, with a total value of £5,850 ($7,644.06).

INTU has been the subject of a number of recent research reports. JPMorgan Chase & Co. decreased their price objective on Intu Properties from GBX 175 ($2.29) to GBX 120 ($1.57) and set a “neutral” rating for the company in a research report on Tuesday, January 8th. Goldman Sachs Group cut Intu Properties to a “sell” rating and decreased their price objective for the stock from GBX 117 ($1.53) to GBX 92 ($1.20) in a research report on Friday, January 25th. Liberum Capital reaffirmed a “sell” rating on shares of Intu Properties in a research report on Thursday, November 15th. Deutsche Bank decreased their price objective on Intu Properties from GBX 140 ($1.83) to GBX 110 ($1.44) and set a “hold” rating for the company in a research report on Friday, November 30th. Finally, HSBC cut their target price on Intu Properties from GBX 236 ($3.08) to GBX 136 ($1.78) and set a “hold” rating for the company in a research note on Wednesday, January 2nd. Six equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. Intu Properties has a consensus rating of “Hold” and a consensus target price of GBX 130.79 ($1.71).

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Intu Properties Company Profile

Intu owns and manages some of the best shopping centres, in some of the strongest locations, in the UK and Spain. Our UK portfolio is made up of 17 centres, including 10 of the top-25, and in Spain we own three of the country's top-10 centres, with advanced plans to build a fourth. We are passionate about creating compelling experiences, in centre and online, that make our customers smile and help our retailers flourish.

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