Barclays Capital Gives Equal Weight Rating to General Growth Properties (GGP)
GGP has been the subject of a number of other recent research reports. Analysts at UBS AG (NYSE: UBS) upgraded shares of General Growth Properties from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, May 10th. They now have a $20.00 price target on the stock, up previously from $17.00. They noted that the move was a valuation call. Separately, analysts at Stifel Nicolaus raised their price target on shares of General Growth Properties from $18.00 to $20.00 in a research note to investors on Wednesday, May 2nd. They now have a “buy” rating on the stock. Finally, analysts at Citigroup (NYSE: C) initiated coverage on shares of General Growth Properties in a research note to investors on Wednesday, March 7th. They set a “neutral” rating on the stock.
General Growth Properties opened at 17.25 on Wednesday. General Growth Properties has a 1-year low of $10.68 and a 1-year high of $18.44. The company’s market cap is $16.168 billion.
General Growth Properties last released its earnings data on Tuesday, May 1st. The company reported $0.22 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.21 by $0.01. The company’s quarterly revenue was down 1.3% on a year-over-year basis. Analysts expect that General Growth Properties will post $0.22 EPS next quarter.
General Growth Properties, Inc. (GGP) is a self-managed real estate investment trust (REIT). The Company has ownership interest in, or management responsibility for, over 200 regional shopping malls in 43 states, as well as ownership in master planned communities and commercial office buildings.