General Growth Properties (GGP) : During the past 4 weeks, traders have been relatively bearish on General Growth Properties (GGP), hence the stock is down -1.43% 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 -0.35% relative to the S&P 500. The stock has risen by 0.18% in the past week indicating that the buyers are active at lower levels, but the stock is down -3.43% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 2.72% and the 50-Day Moving Average is 6.66%.The 200 Day SMA reached 0.57% General Growth Properties, Inc has dropped 0.18% during the last 3-month period . Year-to-Date the stock performance stands at 3.49%.
General Growth Properties (GGP) : The highest short term price target forecast on General Growth Properties (GGP) is $37 and the lowest target price is $30. A total of 9 equity analysts are currently covering the company. The average price of all the analysts is $33.5 with a standard deviation of $1.97.
For the current week, the company shares have a recommendation consensus of Buy. General Growth Properties (NYSE:GGP): The stock opened at $27.88 and touched an intraday high of $28.19 on Friday. During the day, the stock corrected to an intraday low of $27.76, however, the bulls stepped in and pushed the price higher to close in the green at $28.16 with a gain of 0.46% for the day. The total traded volume for the day was 7,083,791. The stock had closed at $28.03 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).