Sell-side research brokers on Wall Street continue to have a positive view on Rouse Properties, Inc. (NYSE:RSE) shares. According to Zacks Research, the stock has been handed a 2 rating on a consensus basis based on the analysts polled. This number is based on a 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell. In total, estimates from 3 analysts were taken into account by Zacks.
In taking a look at where the stock price might be headed, analysts have a one year target of $20 on a consensus basis. The highest estimate currently stands at $21 while the most conservative is at $19.
Wall Street is expecting earnings of $0.44 for the current fiscal quarter for Rouse Properties, Inc. (NYSE:RSE). This is the consensus estimate based on the 3 sell-side analysts polled by Zacks. Investors will watch how these numbers mirror the actual earnings which will be provided by the company on or around 2015-11-02.
Looking further out, analysts have a full year consensus estimate of $1.88 for the company’s earnings. The long term growth rate for the company over the next three to five years is 7.15%, based on 2 analysts providing longer term projections.
Most recently, Rouse Properties, Inc. (NYSE:RSE) reported earnings of $0.39 for the quarter ending on 2015-06-30. This was $-0.01 or a surprise factor of -2.5% away from the Zacks Consensus at the time of the report. Earnings surprises often follow a “cockroach effect” where it’s likely that one earnings surprise in either direction often leads to more of the same.
Rouse Properties, Inc. (Rouse) is a real estate investment trust (REIT) company. Rouse is engaged in the operation, development and management of retail rental property. The Company’s portfolio consists of 30 regional malls in 19 states totaling over 21 million square feet of retail and ancillary space. The Company is a regional mall owner in the United State. It manages all of its properties, performing the day-to-day functions, operations, leasing, maintenance, marketing and promotional services. Its malls are anchored by operators across the retail spectrum. The Company’s regional malls include Sikes Senter Mall, Valley Hills Mall, Bayshore Mall and The Boulevard Mall. In February 2012, the Company purchased Grand Traverse Mall in Traverse City. In January 2013, the Company acquired the Mall at Turtle Creek and an adjacent shopping center, Turtle Creek Crossing. In July 2013, the Company announced the acquisition of Greenville Mall, in Greenville, North Carolina.