GGP (NYSE:GGP) has been given a $35.00 target price by analysts at Boenning Scattergood in a report issued on Thursday. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. Boenning Scattergood’s price target would indicate a potential upside of 59.67% from the stock’s previous close.
Several other research analysts have also recently weighed in on the company. Zacks Investment Research cut GGP from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. Sandler O’Neill cut GGP from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. BMO Capital Markets set a $22.00 price objective on GGP and gave the stock a “hold” rating in a report on Tuesday, October 31st. SunTrust Banks set a $26.00 price objective on GGP and gave the stock a “buy” rating in a report on Tuesday, October 31st. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $24.00 price objective on shares of GGP in a report on Wednesday, November 1st. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $25.25.
GGP (NYSE GGP) traded down $0.05 during mid-day trading on Thursday, hitting $21.92. The stock had a trading volume of 691,624 shares, compared to its average volume of 4,637,687. GGP has a 52-week low of $18.83 and a 52-week high of $25.72. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.68. The stock has a market capitalization of $20,655.34, a PE ratio of 30.42, a P/E/G ratio of 2.34 and a beta of 0.84.
Large investors have recently added to or reduced their stakes in the business. IBM Retirement Fund bought a new stake in GGP during the fourth quarter valued at about $214,000. FNY Partners Fund LP grew its holdings in GGP by 725.0% during the fourth quarter. FNY Partners Fund LP now owns 16,500 shares of the real estate investment trust’s stock valued at $385,000 after purchasing an additional 14,500 shares during the period. US Bancorp DE grew its holdings in GGP by 39.5% during the fourth quarter. US Bancorp DE now owns 21,313 shares of the real estate investment trust’s stock valued at $498,000 after purchasing an additional 6,038 shares during the period. Blue Sky Asset Management LLC bought a new stake in GGP during the fourth quarter valued at about $503,000. Finally, Lourd Capital LLC bought a new stake in GGP during the fourth quarter valued at about $508,000. 95.41% of the stock is owned by institutional investors and hedge funds.
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GGP 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.
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