General Growth Properties, Inc. (NYSE:GGP) had its price objective cut by Royal Bank Of Canada from $28.00 to $25.00 in a research report issued to clients and investors on Thursday. The firm currently has an “outperform” rating on the real estate investment trust’s stock. Royal Bank Of Canada’s price objective indicates a potential upside of 17.10% from the company’s current price.

A number of other equities research analysts have also recently commented on the stock. Zacks Investment Research cut shares of General Growth Properties from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. BidaskClub upgraded shares of General Growth Properties from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Goldman Sachs Group, Inc. (The) cut shares of General Growth Properties from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $23.00 to $22.00 in a research report on Tuesday, June 20th. Stifel Nicolaus initiated coverage on shares of General Growth Properties in a research report on Friday, July 14th. They set a “buy” rating and a $27.00 price objective on the stock. Finally, ValuEngine upgraded shares of General Growth Properties from a “hold” rating to a “buy” rating in a research report on Thursday, May 11th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $27.31.

General Growth Properties (NYSE GGP) opened at 21.35 on Thursday. General Growth Properties has a 1-year low of $21.04 and a 1-year high of $29.92. The stock’s 50 day moving average is $22.82 and its 200 day moving average is $23.32. The company has a market cap of $18.81 billion, a P/E ratio of 17.91 and a beta of 0.77.

General Growth Properties (NYSE:GGP) last released its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by $0.22. General Growth Properties had a return on equity of 13.57% and a net margin of 50.01%. The firm had revenue of $555.80 million for the quarter, compared to the consensus estimate of $576.75 million. During the same quarter in the previous year, the business posted $0.35 EPS. Equities analysts anticipate that General Growth Properties will post $0.54 earnings per share for the current fiscal year.

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Several hedge funds have recently added to or reduced their stakes in the stock. Gluskin Sheff & Assoc Inc. purchased a new stake in General Growth Properties during the second quarter valued at $24,573,000. UBS Asset Management Americas Inc. increased its stake in General Growth Properties by 7.6% in the second quarter. UBS Asset Management Americas Inc. now owns 3,051,935 shares of the real estate investment trust’s stock valued at $71,904,000 after buying an additional 216,668 shares during the last quarter. Perigon Wealth Management LLC purchased a new stake in General Growth Properties during the first quarter valued at $197,000. Piedmont Investment Advisors LLC increased its stake in General Growth Properties by 6,789.5% in the first quarter. Piedmont Investment Advisors LLC now owns 113,676 shares of the real estate investment trust’s stock valued at $2,635,000 after buying an additional 112,026 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ increased its stake in General Growth Properties by 6.8% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 108,834 shares of the real estate investment trust’s stock valued at $2,523,000 after buying an additional 6,946 shares during the last quarter. Hedge funds and other institutional investors own 91.99% of the company’s stock.

General Growth Properties Company Profile

GGP Inc (GGP), formerly General Growth Properties, Inc, is a self-administered and self-managed real estate investment trust (REIT). The Company operates as a holding company, which is engaged in the operation, development and management of retail and other rental properties, primarily regional malls.

Analyst Recommendations for General Growth Properties (NYSE:GGP)

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