General Growth Properties (GGP) has been under a strong bear grip, hence the stock is down -8.67% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.52% in the past 1 week. The 4-week change in the price of the stock is -8.86% and the stock has fallen -0.14% in the past 1 week.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 3.8% and the fifty day Moving Average is 3.77%. General Growth Properties, Inc is up 8.05% in the last three month period. Year-to-Date the stock performance stands at 7.02%.
General Growth Properties (GGP) : 9 investment research analysts covering General Growth Properties (GGP) have an average price target of $33.5 for the near short term. The highest target price given by the Brokerage Firm to the stock is $37 and the lowest target is $30 for the short term. Analysts expect the variance to be within $1.97 of the average price.
General Growth Properties (NYSE:GGP): On Fridays trading session , Opening price of the stock was $29.37 with an intraday high of $29.73. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $28.97. However, the stock managed to close at $29.12, a loss of 0.88% for the day. On the previous day, the stock had closed at $29.38. The total traded volume of the day was 3,405,094 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).