General Growth Properties (GGP) : During the past 4 weeks, traders have been relatively bearish on General Growth Properties (GGP), hence the stock is down -8.28% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.61% relative to the S&P 500. The 4-week change in the price of the stock is -7.93% and the stock has fallen -2.64% in the past 1 week.
General Growth Properties, Inc is up 9.5% in the last 3-month period. Year-to-Date the stock performance stands at 7.17%. The stock has recorded a 20-day Moving Average of 5.61% and the 50-Day Moving Average is 3.15%.
General Growth Properties (NYSE:GGP): The stock opened at $29.61 on Friday but the bulls could not build on the opening and the stock topped out at $29.77 for the day. The stock traded down to $29.04 during the day, due to lack of any buying support eventually closed down at $29.16 with a loss of -1.92% for the day. The stock had closed at $29.73 on the previous day. The total traded volume was 3,856,397 shares.
Also, Equity Analysts at the Barclays maintains the rating on General Growth Properties (NYSE:GGP). The brokerage firm has issued a Equal-weight rating on the shares. The Analysts at the ratings agency raises the price target from $30 per share to $32 per share. The rating by the firm was issued on August 18, 2016.
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).