Analyst Rating Update on General Growth Properties (GGP)

General Growth Properties (GGP) : 10 analysts are covering General Growth Properties (GGP) and their average rating on the stock is 1.6, which is read as a Buy. 7 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

General Growth Properties (GGP) : 10 Wall Street analysts covering General Growth Properties (GGP) believe that the average level the stock could reach for the short term is $32.6. The maximum price target given is $35 and the minimum target for short term is around $30, hence the standard deviation is calculated at $1.78.

For the current week, the company shares have a recommendation consensus of Buy. Also, Barclays maintains their rating on the shares of General Growth Properties (NYSE:GGP). The current rating of the shares is Equalweight. Equity Analysts at the Firm raises the price target to $30 per share from $29 per share. The rating by the firm was issued on July 19, 2016.


General Growth Properties (NYSE:GGP): The stock opened at $31.24 on Wednesday but the bulls could not build on the opening and the stock topped out at $31.27 for the day. The stock traded down to $30.74 during the day, due to lack of any buying support eventually closed down at $31.08 with a loss of -0.42% for the day. The stock had closed at $31.21 on the previous day. The total traded volume was 3,155,150 shares.

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).

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.