General Growth Properties (GGP) : The consensus price target for General Growth Properties (GGP) is $33.5 for the short term with a standard deviation of $1.97. The most optimist securities analyst among the 9 who monitor the stock believes that the stock can reach $37, however, the pessimist price target for the company is $30.
General Growth Properties (GGP) : 9 analysts are covering General Growth Properties (GGP) and their average rating on the stock is 1.44, which is read as a Strong 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 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Also, BTIG Research initiates coverage on General Growth Properties (NYSE:GGP) The current rating of the shares is Buy. Equity Analysts at the Firm announces the price target to $35 per share. The rating by the firm was issued on August 25, 2016.
General Growth Properties (NYSE:GGP): The stock opened at $29.12 on Thursday but the bulls could not build on the opening and the stock topped out at $29.23 for the day. The stock traded down to $28.88 during the day, due to lack of any buying support eventually closed down at $29.00 with a loss of -0.48% for the day. The stock had closed at $29.14 on the previous day. The total traded volume was 3,306,454 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).