General Growth Properties, Inc. (NYSE:GGP) had its price objective lowered by equities researchers at Royal Bank Of Canada from $28.00 to $25.00 in a research report issued to clients and investors on Thursday. The firm presently has an “outperform” rating on the real estate investment trust’s stock. Royal Bank Of Canada’s price objective suggests a potential upside of 17.10% from the stock’s previous close.

Other analysts have also issued reports about the company. BidaskClub raised General Growth Properties from a “sell” rating to a “hold” rating in a research report on Saturday, June 17th. Zacks Investment Research raised General Growth Properties from a “sell” rating to a “hold” rating in a research report on Thursday, May 18th. Sandler O’Neill lowered General Growth Properties from a “buy” rating to a “hold” rating and dropped their target price for the stock from $31.00 to $24.00 in a research report on Thursday, August 3rd. Barclays PLC reaffirmed an “equal weight” rating and set a $25.00 target price (down from $26.00) on shares of General Growth Properties in a research report on Wednesday, April 19th. Finally, ValuEngine lowered General Growth Properties from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company’s stock. General Growth Properties presently has a consensus rating of “Hold” and an average price target of $27.31.

Shares of General Growth Properties (NYSE GGP) opened at 21.35 on Thursday. The firm’s 50-day moving average price is $22.82 and its 200 day moving average price is $23.32. The stock has a market cap of $18.81 billion, a P/E ratio of 17.91 and a beta of 0.77. General Growth Properties has a one year low of $21.04 and a one year high of $29.92.

General Growth Properties (NYSE:GGP) last announced its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by $0.22. General Growth Properties had a return on equity of 13.57% and a net margin of 50.01%. The business had revenue of $555.80 million for the quarter, compared to analysts’ expectations of $576.75 million. During the same period in the previous year, the firm posted $0.35 earnings per share. Equities research analysts expect that General Growth Properties will post $0.54 EPS for the current fiscal year.

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A number of institutional investors have recently modified their holdings of the stock. Capstone Asset Management Co. increased its position in shares of General Growth Properties by 12.0% in the first quarter. Capstone Asset Management Co. now owns 61,473 shares of the real estate investment trust’s stock worth $1,425,000 after buying an additional 6,580 shares during the last quarter. DnB Asset Management AS increased its position in shares of General Growth Properties by 19.0% in the first quarter. DnB Asset Management AS now owns 60,874 shares of the real estate investment trust’s stock worth $1,411,000 after buying an additional 9,700 shares during the last quarter. State of Alaska Department of Revenue increased its position in shares of General Growth Properties by 30.4% in the first quarter. State of Alaska Department of Revenue now owns 298,840 shares of the real estate investment trust’s stock worth $6,926,000 after buying an additional 69,686 shares during the last quarter. Retirement Systems of Alabama increased its position in shares of General Growth Properties by 9.4% in the first quarter. Retirement Systems of Alabama now owns 992,726 shares of the real estate investment trust’s stock worth $23,011,000 after buying an additional 85,367 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. increased its position in shares of General Growth Properties by 219.7% in the first quarter. Candriam Luxembourg S.C.A. now owns 164,883 shares of the real estate investment trust’s stock worth $3,822,000 after buying an additional 113,308 shares during the last quarter. Institutional investors own 91.99% of the company’s stock.

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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