General Growth Properties, Inc. (NYSE:GGP) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

GGP has been the subject of several other research reports. Zacks Investment Research downgraded shares of General Growth Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, April 26th. Goldman Sachs Group, Inc. (The) downgraded shares of General Growth Properties from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $23.00 to $22.00 in a research note on Tuesday, June 20th. ValuEngine upgraded shares of General Growth Properties from a “hold” rating to a “buy” rating in a research note on Thursday, May 11th. Royal Bank Of Canada reduced their target price on shares of General Growth Properties from $29.00 to $28.00 and set an “outperform” rating for the company in a research note on Monday, May 8th. Finally, Citigroup Inc. reduced their target price on shares of General Growth Properties from $30.00 to $27.50 and set a “buy” rating for the company in a research note on Monday, August 14th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. General Growth Properties currently has an average rating of “Hold” and an average target price of $26.67.

General Growth Properties (NYSE:GGP) traded down 1.43% during midday trading on Wednesday, reaching $20.73. 3,709,511 shares of the company’s stock were exchanged. The company has a market cap of $18.26 billion, a price-to-earnings ratio of 17.39 and a beta of 0.77. General Growth Properties has a 52 week low of $20.31 and a 52 week high of $29.73. The firm has a 50-day moving average price of $22.31 and a 200 day moving average price of $23.14.

General Growth Properties (NYSE:GGP) last posted its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.35 by $0.22. The business had revenue of $555.80 million during the quarter, compared to analysts’ expectations of $576.75 million. General Growth Properties had a return on equity of 13.57% and a net margin of 50.01%. During the same quarter in the previous year, the business earned $0.35 EPS. Analysts anticipate that General Growth Properties will post $0.57 EPS for the current year.

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Institutional investors have recently added to or reduced their stakes in the stock. Shine Investment Advisory Services Inc. raised its position in General Growth Properties by 0.9% in the first quarter. Shine Investment Advisory Services Inc. now owns 11,361 shares of the real estate investment trust’s stock worth $263,000 after buying an additional 97 shares during the period. Cleararc Capital Inc. raised its position in General Growth Properties by 0.7% in the first quarter. Cleararc Capital Inc. now owns 14,287 shares of the real estate investment trust’s stock worth $331,000 after buying an additional 97 shares during the period. 1st Global Advisors Inc. raised its position in General Growth Properties by 1.9% in the first quarter. 1st Global Advisors Inc. now owns 24,306 shares of the real estate investment trust’s stock worth $563,000 after buying an additional 455 shares during the period. Oregon Public Employees Retirement Fund raised its position in General Growth Properties by 0.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 61,246 shares of the real estate investment trust’s stock worth $1,420,000 after buying an additional 500 shares during the period. Finally, King Luther Capital Management Corp raised its position in General Growth Properties by 2.9% in the first quarter. King Luther Capital Management Corp now owns 19,185 shares of the real estate investment trust’s stock worth $445,000 after buying an additional 544 shares during the period. Institutional investors own 95.32% of the company’s stock.

General Growth Properties 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.

Analyst Recommendations for General Growth Properties (NYSE:GGP)

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