General Growth Properties (GGP) has risen sharply, recording gains of 0.26% in the past 4 weeks. However, the stock has corrected -2.79% in the past 1 week, providing a good buying opportunity on dips. General Growth Properties (GGP) : During the past 4 weeks, traders have been relatively bearish on General Growth Properties (GGP), hence the stock is down -2.17% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -3.2% relative to the S&P 500.
General Growth Properties (NYSE:GGP): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $31.03 and $30.82 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $31.13. The buying momentum continued till the end and the stock did not give up its gains. It closed at $31.06, notching a gain of 0.49% for the day. The total traded volume was 1,797,804 . The stock had closed at $30.91 on the previous day.
The stock has recorded a 20-day Moving Average of 0.89% and the 50-Day Moving Average is 5.52%. General Growth Properties, Inc is up 5.61% in the last 3-month period. Year-to-Date the stock performance stands at 14.15%.
General Growth Properties (GGP) : The highest short term price target forecast on General Growth Properties (GGP) is $35 and the lowest target price is $30. A total of 10 equity analysts are currently covering the company. The average price of all the analysts is $32.85 with a standard deviation of $1.92.
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).