GGP (NYSE:GGP)‘s stock had its “buy” rating restated by analysts at Royal Bank of Canada in a research report issued on Monday. They presently have a $24.00 price target on the real estate investment trust’s stock. Royal Bank of Canada’s price objective suggests a potential upside of 8.06% from the stock’s current price.
GGP has been the topic of several other reports. Boenning Scattergood set a $35.00 price objective on shares of GGP and gave the company a “buy” rating in a report on Tuesday, November 14th. Zacks Investment Research lowered shares of GGP from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Stifel Nicolaus restated a “buy” rating and issued a $24.00 price objective on shares of GGP in a report on Wednesday, November 1st. BMO Capital Markets set a $22.00 price objective on shares of GGP and gave the company a “hold” rating in a report on Tuesday, October 31st. Finally, Barclays cut their price objective on shares of GGP from $24.00 to $23.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 30th. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $25.00.
GGP (NYSE:GGP) opened at $22.21 on Monday. GGP has a twelve month low of $18.83 and a twelve month high of $25.72. The firm has a market cap of $21,248.49, a P/E ratio of 32.19, a P/E/G ratio of 2.42 and a beta of 0.84. The company has a quick ratio of 1.35, a current ratio of 1.00 and a debt-to-equity ratio of 1.51.
Institutional investors and hedge funds have recently bought and sold shares of the business. IBM Retirement Fund acquired a new stake in GGP in the fourth quarter worth $214,000. Suntrust Banks Inc. acquired a new stake in GGP in the fourth quarter worth $215,000. Levin Capital Strategies L.P. acquired a new stake in GGP in the fourth quarter worth $215,000. FNY Partners Fund LP raised its holdings in GGP by 725.0% in the fourth quarter. FNY Partners Fund LP now owns 16,500 shares of the real estate investment trust’s stock worth $385,000 after purchasing an additional 14,500 shares during the period. Finally, US Bancorp DE raised its holdings in GGP by 39.5% in the fourth quarter. US Bancorp DE now owns 21,313 shares of the real estate investment trust’s stock worth $498,000 after purchasing an additional 6,038 shares during the period. Institutional investors own 95.31% of the company’s stock.
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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.
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