General Growth Properties, Inc. (NYSE:GGP) has been given a $22.00 target price by equities researchers at BMO Capital Markets in a research note issued on Tuesday. The firm currently has a “hold” rating on the real estate investment trust’s stock. BMO Capital Markets’ price target suggests a potential upside of 10.28% from the stock’s current price.

A number of other equities analysts have also weighed in on GGP. Sandler O’Neill lowered General Growth Properties from a “buy” rating to a “hold” rating and decreased their target price for the stock from $31.00 to $24.00 in a research report on Thursday, August 3rd. Citigroup Inc. decreased their target price on General Growth Properties from $30.00 to $27.50 and set a “buy” rating for the company in a research report on Monday, August 14th. Royal Bank Of Canada reissued a “buy” rating and issued a $28.00 target price on shares of General Growth Properties in a research report on Friday, August 4th. J P Morgan Chase & Co raised General Growth Properties from a “neutral” rating to an “overweight” rating and set a $25.00 target price for the company in a research report on Tuesday, September 26th. Finally, Zacks Investment Research raised General Growth Properties from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. General Growth Properties currently has an average rating of “Hold” and an average price target of $24.82.

General Growth Properties (NYSE GGP) traded down 4.8125% during mid-day trading on Tuesday, hitting $18.9899. 3,330,395 shares of the stock traded hands. The firm’s 50-day moving average is $21.09 and its 200 day moving average is $22.20. The firm has a market cap of $16.73 billion, a P/E ratio of 15.9311 and a beta of 0.77. General Growth Properties has a 52-week low of $18.86 and a 52-week high of $27.10.

General Growth Properties (NYSE:GGP) last posted its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.22). The company 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 period in the prior year, the firm earned $0.35 EPS. Equities analysts predict that General Growth Properties will post $0.56 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “General Growth Properties, Inc. (GGP) Given a $22.00 Price Target at BMO Capital Markets” was first published by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another website, it was stolen and reposted in violation of U.S. & international trademark & copyright legislation. The legal version of this piece of content can be read at https://www.americanbankingnews.com/2017/10/31/general-growth-properties-inc-ggp-given-hold-rating-at-bmo-capital-markets.html.

Several large investors have recently made changes to their positions in GGP. OppenheimerFunds Inc. grew its stake in shares of General Growth Properties by 29.5% during the 1st quarter. OppenheimerFunds Inc. now owns 14,120 shares of the real estate investment trust’s stock valued at $327,000 after acquiring an additional 3,217 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of General Growth Properties by 3.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 31,652 shares of the real estate investment trust’s stock valued at $733,000 after acquiring an additional 976 shares during the period. Renaissance Technologies LLC grew its stake in shares of General Growth Properties by 90.9% during the 1st quarter. Renaissance Technologies LLC now owns 849,500 shares of the real estate investment trust’s stock valued at $19,691,000 after acquiring an additional 404,500 shares during the period. Oppenheimer Asset Management Inc. bought a new position in shares of General Growth Properties during the 1st quarter valued at approximately $195,000. Finally, Gotham Asset Management LLC bought a new position in shares of General Growth Properties during the 1st quarter valued at approximately $256,000. Institutional investors own 95.36% 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)

Receive News & Ratings for General Growth Properties Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Growth Properties Inc. and related companies with MarketBeat.com's FREE daily email newsletter.