General Growth Properties (GGP) : The consensus on General Growth Properties (GGP) based on 10 analyst recommendation on the company stock is 1.6, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 7 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
General Growth Properties (GGP) : The highest level General Growth Properties (GGP) is projected to reach is $35 for the short term and the lowest estimate is at $29. The consolidated price target from 10 rating analysts who initiate coverage on the stock is $32.4 and the possibility the share price can swing is $1.84.
General Growth Properties (NYSE:GGP): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $30.03 and $29.89 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $30.22. The buying momentum continued till the end and the stock did not give up its gains. It closed at $30.22, notching a gain of 0.37% for the day. The total traded volume was 5,246,192 . The stock had closed at $30.11 on the previous day.
Also, Mizuho Securities initiates coverage on General Growth Properties (NYSE:GGP) In a research note issued to the investors, the brokerage major announces price-target of $33 per share.The shares have been rated Buy. The rating by the firm was issued on April 13, 2016. The company shares have rallied 13.15% from its 1 Year high price. On Mar 17, 2016, the shares registered one year high at $30.30 and the one year low was seen on Sep 4, 2015. The 50-Day Moving Average price is $27.78 and the 200 Day Moving Average price is recorded at $27.84.
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).