GGP (NYSE:GGP) was downgraded by equities researchers at Sandler O’Neill from a “hold” rating to a “sell” rating in a research note issued on Friday, MarketBeat reports.
Several other analysts have also recently issued reports on the stock. ValuEngine cut shares of GGP from a “buy” rating to a “hold” rating in a report on Friday. Barclays cut their price target on shares of GGP from $24.00 to $23.00 and set an “equal weight” rating on the stock in a report on Tuesday. Zacks Investment Research cut shares of GGP from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Boenning Scattergood set a $35.00 target price on shares of GGP and gave the stock a “buy” rating in a report on Wednesday, December 6th. Finally, SunTrust Banks set a $26.00 target price on shares of GGP and gave the stock a “buy” rating in a report on Tuesday, October 31st. Four analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. GGP has an average rating of “Hold” and a consensus target price of $25.25.
GGP (NYSE GGP) traded down $0.32 on Friday, reaching $22.52. 4,783,914 shares of the company traded hands, compared to its average volume of 4,633,985. The firm has a market capitalization of $21,250.00, a PE ratio of 31.72, a PEG ratio of 2.49 and a beta of 0.85. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.68. GGP has a 1 year low of $18.83 and a 1 year high of $25.72.
Several large investors have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of GGP by 2.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 173,572 shares of the real estate investment trust’s stock worth $4,060,000 after purchasing an additional 3,623 shares during the period. Public Employees Retirement Association of Colorado raised its holdings in shares of GGP by 3.5% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 117,636 shares of the real estate investment trust’s stock worth $2,752,000 after purchasing an additional 3,926 shares during the period. US Bancorp DE grew its position in shares of GGP by 39.5% during the fourth quarter. US Bancorp DE now owns 21,313 shares of the real estate investment trust’s stock worth $498,000 after acquiring an additional 6,038 shares during the last quarter. Tredje AP fonden grew its position in shares of GGP by 13.3% during the third quarter. Tredje AP fonden now owns 59,621 shares of the real estate investment trust’s stock worth $1,238,000 after acquiring an additional 7,007 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its position in shares of GGP by 110.6% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 21,942 shares of the real estate investment trust’s stock worth $513,000 after acquiring an additional 11,522 shares during the last quarter. 96.48% of the stock is currently owned by institutional investors.
GGP 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.
