Sandler O'Neill upgraded General Growth Properties Inc (NYSE:GGP) to Buy in a report released today.
- Updated: October 14, 2016
Sandler O'Neill has upgraded General Growth Properties Inc (NYSE:GGP) to Buy in a report released on 10/14/2016.
Just yesterday General Growth Properties Inc (NYSE:GGP) traded 1.19% higher at $25.97. General Growth Properties Inc’s 50-day moving average is $27.97 and its 200-day moving average is $28.86. The last stock price is down -8.85% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 1,064,269 shares of GGP traded hands, down from an average trading volume of 3,849,860
Recent Performance Chart
General Growth Properties Inc has 52 week low of $24.43 and a 52 week high of $32.10 with a PE ratio of 36.64 and has a market capitalization of $0.
In addition to Sandler O'Neill reporting its stock price target, a total of 15 brokerages have issued a ratings update on the company. The average stock price target is $32.27 with 4 brokerages rating the stock a strong buy, 9 brokerages rating the stock a buy, 4 brokerages rating the stock a hold, 1 brokerage rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On 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, Park City Center and Owings Mills Mall.
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