General Growth Properties Inc (GGP) Issues FY14 Earnings Guidance
General Growth Properties Inc (NYSE:GGP) updated its FY14 earnings guidance on Monday. The company provided EPS guidance of $1.30-1.32 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.32, Analyst Ratings Network.com reports. General Growth Properties also updated its Q3 guidance to $0.30-0.32 EPS.
GGP has been the subject of a number of recent research reports. 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 equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $24.43.
General Growth Properties Inc (NYSE:GGP) traded up 1.13% on Monday, hitting $24.12. The stock had a trading volume of 2,972,775 shares. General Growth Properties Inc has a one year low of $18.67 and a one year high of $24.38. The stock has a 50-day moving average of $23.79 and a 200-day moving average of $22.50. The company has a market cap of $21.618 billion and a P/E ratio of 52.19.
General Growth Properties (NYSE:GGP) last issued its quarterly earnings data on Monday, July 28th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.01. The company had revenue of $617.62 million for the quarter, compared to the consensus estimate of $606.60 million. During the same quarter in the previous year, the company posted $0.27 earnings per share. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, analysts predict that General Growth Properties Inc will post $1.32 earnings per share for the current fiscal year.
General Growth Properties, Inc is a real estate investment trust (NYSE:GGP).
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