General Growth Properties Inc (NYSE:GGP) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: September 17, 2016
Zacks Investment Research has upgraded General Growth Properties Inc(NYSE:GGP) to Hold in a report released on 8/18/2016.
On 8/18/2016, Barclays Capital reported on General Growth Properties Inc(NYSE:GGP) raised the target price from $30.00 to $32.00 that indicated a possible upside of 0.08%.
Yesterday General Growth Properties Inc (NYSE:GGP) traded 0.46% higher at $29.23. General Growth Properties Inc’s 50-day average is $29.94 and its 200-day moving average is $29.09. With the last stock price close up 3.19% from the two hundred day average, compared to the S&P 500 which has fallen -0.01% over the same period. 7,083,791 shares of General Growth Properties Inc were exchanged, up from ann average volume of 3,778,290.
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General Growth Properties Inc has a PE of 39 with a 52 week low of $24.43 and a one-year high of $32.10 and has a market cap of $0.0.
A total of 15 equity analysts have released a report on the company. Four firms rate the stock a strong buy, nine firms rate the stock a buy, four analyts rate the stock a hold, one analyst rate the stock to underperform, and lastly 0 brokeragesrate the company as sell with a 12-month target of $32.27
More About General Growth Properties Inc (NYSE:GGP)
General Growth Properties, Inc. (GGP) is a self-administered and self-managed real estate investment trust (REIT). The Company operates through operation, development and management of retail and other rental properties segment. It is engaged in owning and operating retail properties to communities, retailers, employees, consumers and shareholders. The Company owns, either entirely or with joint venture partners, over 130 retail properties located across the United States comprising approximately 130 million square feet of gross leasable area (GLA). The Company’s business is conducted through GGP Operating Partnership, LP (GGPOP), GGP Nimbus, LP (GGPN) and GGP Limited Partnership (GGPLP, and together with GGPN the Operating Partnerships), subsidiaries of GGP. The Company’s properties include Ala Moana Center, Boise Towne Square, Coral Ridge Mall, Crossroads Center, Fashion Show, Lynnhaven Mall, Mondawmin Mall, North Point Mall, Oak View Mall, and Park City Center and Owings Mills Mall.
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