General Growth Properties (NYSE:GGP) : The highest level General Growth Properties (NYSE:GGP) is projected to reach is $35 for the short term and the lowest estimate is at $29. The consolidated price target from 10 rating analysts who initiate coverage on the stock is $32.4 and the possibility the share price can swing is $1.84.
Shares of General Growth Properties, Inc rose by 2.83% in the last five trading days and 11.06% for the last 4 weeks. General Growth Properties, Inc is up 1.08% in the last 3-month period. Year-to-Date the stock performance stands at 9.59%.
General Growth Properties (NYSE:GGP) : The consensus on General Growth Properties (NYSE:GGP) based on 10 analyst recommendation on the company stock is 1.6, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 7 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
General Growth Properties (NYSE:GGP): The stock opened at $29.88 on Thursday but the bulls could not build on the opening and the stock topped out at $29.92 for the day. The stock traded down to $29.55 during the day, due to lack of any buying support eventually closed down at $29.82 with a loss of -0.17% for the day. The stock had closed at $29.87 on the previous day. The total traded volume was 7,062,488 shares.
In an insider trading activity, The Securities and Exchange Commission has divulged that Berman Michael B, officer (Chief Financial Officer) of General Growth Properties, Inc., had unloaded 90,000 shares at an average price of $28.6 in a transaction dated on June 21, 2016. The total value of the transaction was worth $2,574,000.
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).