General Growth Properties (GGP) Posts Quarterly Earnings, Beats Expectations By $0.01 EPS
General Growth Properties (NYSE:GGP) announced its earnings results on Monday. The company reported $0.31 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.30 by $0.01, Analyst RN reports.
General Growth Properties (NYSE:GGP) traded up 1.13% on Monday, hitting $24.12. The stock had a trading volume of 2,971,856 shares. General Growth Properties has a 52 week low of $18.67 and a 52 week high of $24.38. The stock’s 50-day moving average is $23.79 and its 200-day moving average is $22.50. The company has a market cap of $21.618 billion and a price-to-earnings ratio of 52.19.
A number of analysts have recently weighed in on GGP shares. Analysts at Barclays raised their price target on shares of General Growth Properties from $27.00 to $28.00 in a research note on Monday, July 21st. They now have an “overweight” rating on the stock. On a related note, analysts at Citigroup Inc. reiterated a “buy” rating on shares of General Growth Properties in a research note on Thursday, May 1st. They now have a $26.00 price target on the stock. Finally, analysts at Imperial Capital raised their price target on shares of General Growth Properties from $21.00 to $22.00 in a research note on Wednesday, April 30th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $24.43.
General Growth Properties, Inc is a real estate investment trust (NYSE:GGP).
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