General Growth Properties (NYSE:GGP) has climbed 2.73% in the past week and advanced 5.93% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 3.96% and the outperformance has advanced to 4.97% for the last 4 weeks period.
General Growth Properties (NYSE:GGP): The stock opened at $28.16 on Friday but the bulls could not build on the opening and the stock topped out at $28.24 for the day. The stock traded down to $27.90 during the day, due to lack of any buying support eventually closed down at $28.21 with a loss of -0.14% for the day. The stock had closed at $28.25 on the previous day. The total traded volume was 6,560,928 shares.
The company shares have rallied 4.10% from its 1 Year high price. On Mar 17, 2016, the shares registered one year high at $30.30 and the one year low was seen on Sep 4, 2015. The 50-Day Moving Average price is $27.68 and the 200 Day Moving Average price is recorded at $27.55.
On the companys insider trading activities, Levine Marvin J, officer (EVP, Chief Legal Officer) of General Growth Properties, Inc., unloaded 20,000 shares at an average price of $26.88 on December 24, 2015. The total amount of the transaction was worth $537,600, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Mizuho Securities initiates coverage on General Growth Properties (NYSE:GGP). Mizuho Securities has a Buy rating on the shares. As per the latest report, the brokerage house announces the price target to $33 per share. The rating by the firm was issued on April 13, 2016. Currently the company Insiders own 40.7% of General Growth Properties shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -0.06% . Institutional Investors own 93.61% of General Growth Properties shares. During last six month period, the net percent change held by insiders has seen a change of -0.06%.
General Growth Properties, Inc. (GGP) is a self-administered and self-managed real estate investment trust (REIT). The Company is engaged in owning and operating retail properties to communities, retailers, employees, consumers and shareholders. As of December 31, 2014, the Company owned, either entirely or with joint venture partners, 128 retail properties. The Companys business is conducted through GGP Operating Partnership, LP (GGPOP), GGP Nimbus, LP (GGPN) and GGP Limited Partnership (GGPLP or operating partnership), subsidiaries of GGP. The Operating Partnerships own an interest in the properties of GGP. As of December 31, 2014, GGP held approximately a 99% common equity ownership of the Operating Partnerships. In addition, the Operating Partnerships conduct their operations through General Growth Management, Inc. (GGMI), General Growth Services, Inc. (GGSI) and GGPLP REIT Services, LLC (GGPRS).