General Growth Properties (GGP) : 7 brokerage houses believe that General Growth Properties (GGP) is a Strong Buy at current levels. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on General Growth Properties (GGP). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 10 Wall Street Analysts endorse the stock as a Buy with a rating of 1.6.
General Growth Properties (GGP) : The highest level General Growth Properties (GGP) is projected to reach is $37 for the short term and the lowest estimate is at $30. The consolidated price target from 9 rating analysts who initiate coverage on the stock is $33.5 and the possibility the share price can swing is $1.97.
Also, Hilliard Lyons initiates coverage on General Growth Properties (NYSE:GGP).The analysts at the brokerage house have a current rating of Neutral on the shares. The rating by the firm was issued on August 31, 2016.
General Growth Properties (NYSE:GGP): After opening at $27.66, the stock dipped to an intraday low of $27.485 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $28.105 and the buying power remained strong till the end. The stock closed at $28.03 for the day, a gain of 1.05% for the day session. The total traded volume was 4,051,080. The stocks close on the previous trading day was $27.74.
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).