Equities research analysts at BMO Capital Markets assumed coverage on shares of General Growth Properties, Inc. (NYSE:GGP) in a research report issued to clients and investors on Monday. The firm set a “market perform” rating on the real estate investment trust’s stock.

A number of other research firms have also weighed in on GGP. Sandler O’Neill lowered shares of General Growth Properties from a “buy” rating to a “hold” rating and cut their target price for the stock from $31.00 to $24.00 in a research note on Thursday, August 3rd. Royal Bank Of Canada cut their target price on shares of General Growth Properties from $29.00 to $28.00 and set an “outperform” rating on the stock in a research note on Monday, May 15th. Zacks Investment Research upgraded shares of General Growth Properties from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Mizuho lowered shares of General Growth Properties from a “buy” rating to a “neutral” rating and dropped their price target for the company from $30.00 to $24.50 in a research note on Tuesday, May 30th. Finally, Stifel Nicolaus began coverage on shares of General Growth Properties in a research note on Friday, July 14th. They issued a “buy” rating and a $27.00 price target on the stock. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. General Growth Properties presently has an average rating of “Hold” and a consensus price target of $26.67.

Shares of General Growth Properties (GGP) traded up 1.46% on Monday, hitting $21.59. 4,264,895 shares of the stock were exchanged. The company’s 50 day moving average is $21.70 and its 200-day moving average is $22.82. General Growth Properties has a 52-week low of $20.31 and a 52-week high of $28.90. The stock has a market cap of $19.02 billion, a PE ratio of 18.11 and a beta of 0.75.

General Growth Properties (NYSE:GGP) last released its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate 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 analysts’ expectations of $576.75 million. During the same quarter in the previous year, the company posted $0.35 earnings per share. Analysts predict that General Growth Properties will post $0.57 EPS for the current fiscal year.

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Institutional investors and hedge funds have recently made changes to their positions in the company. Madison International Realty Holdings LLC purchased a new position in shares of General Growth Properties during the first quarter worth approximately $17,758,000. Oppenheimer Asset Management Inc. purchased a new position in shares of General Growth Properties during the first quarter worth approximately $195,000. Norinchukin Bank The grew its position in shares of General Growth Properties by 7.1% during the first quarter. Norinchukin Bank The now owns 37,954 shares of the real estate investment trust’s stock worth $880,000 after acquiring an additional 2,531 shares during the last quarter. Macquarie Group Ltd. grew its position in shares of General Growth Properties by 14.2% during the first quarter. Macquarie Group Ltd. now owns 1,638,557 shares of the real estate investment trust’s stock worth $37,982,000 after acquiring an additional 203,918 shares during the last quarter. Finally, HighTower Advisors LLC purchased a new position in shares of General Growth Properties during the first quarter worth approximately $797,000. Institutional investors and hedge funds own 95.32% of the company’s stock.

About General Growth Properties

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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