General Growth Properties (GGP) : Zacks Investment Research ranks General Growth Properties (GGP) as 4, which is a Sell recommendation. 7 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 10 research analysts is 1.6, which indicates as a Buy.
General Growth Properties (GGP) : The most positive equity analysts on General Growth Properties (GGP) expects the shares to touch $35, whereas, the least positive believes that the stock will trade at $30 in the short term. The company is covered by 10 Wall Street Brokerage Firms. The average price target for shares are $32.85 with an expected fluctuation of $1.92 from the mean.
For the current week, the company shares have a recommendation consensus of Buy. General Growth Properties (NYSE:GGP): The stock opened at $30.50 on Thursday but the bulls could not build on the opening and the stock topped out at $30.50 for the day. The stock traded down to $29.33 during the day, due to lack of any buying support eventually closed down at $29.66 with a loss of -3.45% for the day. The stock had closed at $30.72 on the previous day. The total traded volume was 8,531,461 shares.
In a related news, The Securities and Exchange Commission has divulged that Levine Marvin J, Officer (Evp, Chief Legal Officer) of General Growth Properties, Inc., had unloaded 15,000 shares at an average price of $29.7 in a transaction dated on June 29, 2016. The total value of the transaction was worth $445,500.
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).