General Growth Properties Receives Consensus Rating of “Hold” from Brokerages (NYSE:GGP)
General Growth Properties (NYSE:GGP) has earned a consensus rating of “Hold” from the thirteen analysts that are currently covering the stock, AnalystRatings.NET reports. Seven research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $21.33.
In other General Growth Properties news, Director John Haley purchased 3,400 shares of General Growth Properties stock in a transaction that occurred on Tuesday, February 11th. The stock was purchased at an average cost of $20.90 per share, for a total transaction of $71,060.00. Following the completion of the acquisition, the director now directly owns 48,081 shares of the company’s stock, valued at approximately $1,004,893. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at S&P Equity Research initiated coverage on shares of General Growth Properties in a research note on Thursday, January 16th. They set a “buy” rating on the stock. Separately, analysts at JPMorgan Chase & Co. upgraded shares of General Growth Properties from a “neutral” rating to an “overweight” rating in a research note on Thursday, January 16th. Finally, analysts at Oppenheimer initiated coverage on shares of General Growth Properties in a research note on Monday, January 6th. They set an “outperform” rating on the stock.
Shares of General Growth Properties (NYSE:GGP) traded up 0.81% during mid-day trading on Friday, hitting $21.795. The stock had a trading volume of 875,190 shares. General Growth Properties has a 52-week low of $18.63 and a 52-week high of $23.33. The stock has a 50-day moving average of $20.30 and a 200-day moving average of $20.28. The company has a market cap of $19.859 billion and a P/E ratio of 69.74.
General Growth Properties (NYSE:GGP) last issued its quarterly earnings data on Monday, February 3rd. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.01. The company had revenue of $681.40 million for the quarter, compared to the consensus estimate of $664.08 million. During the same quarter in the previous year, the company posted $0.31 earnings per share. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, analysts predict that General Growth Properties will post $1.29 earnings per share for the current fiscal year.
General Growth Properties, Inc is a real estate investment trust (NYSE:GGP).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.