General Growth Properties (NYSE:GGP) has been given a $35.00 target price by analysts at Boenning Scattergood in a research report issued to clients and investors on Wednesday. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. Boenning Scattergood’s price target would suggest a potential upside of 48.68% from the company’s current price.

A number of other analysts have also recently commented on GGP. Citigroup cut their target price on shares of General Growth Properties from $30.00 to $27.50 and set a “buy” rating for the company in a research note on Monday, August 14th. J P Morgan Chase & Co upgraded shares of General Growth Properties from a “neutral” rating to an “overweight” rating and set a $25.00 price target on the stock in a research report on Tuesday, September 26th. Stifel Nicolaus restated a “buy” rating and set a $24.00 price target on shares of General Growth Properties in a research report on Wednesday, November 1st. Royal Bank Of Canada lowered their price target on shares of General Growth Properties from $28.00 to $25.00 and set an “outperform” rating on the stock in a research report on Thursday, August 17th. Finally, BMO Capital Markets started coverage on shares of General Growth Properties in a research report on Monday, September 11th. They set a “market perform” rating and a $22.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $25.46.

General Growth Properties (NYSE:GGP) traded down $0.09 during mid-day trading on Wednesday, hitting $23.54. 3,748,400 shares of the stock were exchanged, compared to its average volume of 6,446,019. The stock has a market capitalization of $22,353.44, a PE ratio of 15.15, a P/E/G ratio of 2.53 and a beta of 0.85. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.68. General Growth Properties has a twelve month low of $18.83 and a twelve month high of $26.63.

Hedge funds have recently modified their holdings of the company. Tredje AP fonden lifted its holdings in shares of General Growth Properties by 13.3% in the 3rd quarter. Tredje AP fonden now owns 59,621 shares of the real estate investment trust’s stock worth $1,238,000 after acquiring an additional 7,007 shares during the last quarter. Toronto Dominion Bank increased its stake in General Growth Properties by 25.6% during the 2nd quarter. Toronto Dominion Bank now owns 197,789 shares of the real estate investment trust’s stock worth $4,659,000 after buying an additional 40,266 shares during the period. Nationwide Fund Advisors increased its stake in General Growth Properties by 117.8% during the 3rd quarter. Nationwide Fund Advisors now owns 415,514 shares of the real estate investment trust’s stock worth $8,630,000 after buying an additional 224,759 shares during the period. Gluskin Sheff & Assoc Inc. purchased a new stake in General Growth Properties during the 2nd quarter worth approximately $24,573,000. Finally, UBS Asset Management Americas Inc. increased its stake in General Growth Properties by 7.6% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 3,051,935 shares of the real estate investment trust’s stock worth $71,904,000 after buying an additional 216,668 shares during the period. Hedge funds and other institutional investors own 97.46% of the company’s stock.

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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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