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 3, which recommends a Hold 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) : Average target price received by General Growth Properties (GGP) is $33.5 with an expected standard deviation of $1.97. The most aggressive target on the stock is $37, whereas the most downbeat target is $30. 9 financial analysts are currently covering the stock.
For the current week, the company shares have a recommendation consensus of Buy. Also, Hilliard Lyons initiates coverage on General Growth Properties (NYSE:GGP) The brokerage firm has issued a Neutral rating on the shares. The rating by the firm was issued on August 31, 2016.
General Growth Properties (NYSE:GGP): The stock opened at $29.39 and touched an intraday high of $29.45 on Wednesday. During the day, the stock corrected to an intraday low of $29.17, however, the bulls stepped in and pushed the price higher to close in the green at $29.44 with a gain of 0.07% for the day. The total traded volume for the day was 2,810,686. The stock had closed at $29.42 in the previous trading session.
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).