Boenning Scattergood Analysts Give General Growth Properties, Inc. (GGP) a $35.00 Price Target

General Growth Properties, Inc. (NYSE:GGP) received a $35.00 price objective from equities researchers at Boenning Scattergood in a research report issued to clients and investors on Tuesday. The firm presently has a “buy” rating on the real estate investment trust’s stock. Boenning Scattergood’s price target suggests a potential upside of 45.53% from the company’s current price.

GGP has been the topic of a number of other research reports. J P Morgan Chase & Co upgraded shares of General Growth Properties from a “neutral” rating to an “overweight” rating and set a $25.00 price objective on the stock in a research report on Tuesday, September 26th. Sandler O’Neill cut shares of General Growth Properties from a “buy” rating to a “hold” rating and decreased their price objective for the company from $31.00 to $24.00 in a research report on Thursday, August 3rd. Zacks Investment Research upgraded shares of General Growth Properties from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. SunTrust Banks, Inc. set a $26.00 price objective on shares of General Growth Properties and gave the company a “buy” rating in a research report on Tuesday, October 31st. Finally, BMO Capital Markets started coverage on shares of General Growth Properties in a research report on Monday, September 11th. They issued a “market perform” rating and a $22.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $25.46.

Shares of General Growth Properties (NYSE GGP) opened at $24.05 on Tuesday. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.35 and a quick ratio of 1.35. The firm has a market cap of $21,000.69, a price-to-earnings ratio of 14.23, a price-to-earnings-growth ratio of 2.25 and a beta of 0.78. General Growth Properties has a one year low of $18.83 and a one year high of $27.10.

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A number of institutional investors have recently modified their holdings of GGP. Gluskin Sheff & Assoc Inc. bought a new position in General Growth Properties during the second quarter valued at approximately $24,573,000. Nationwide Fund Advisors increased its holdings in General Growth Properties by 117.8% during the third quarter. Nationwide Fund Advisors now owns 415,514 shares of the real estate investment trust’s stock valued at $8,630,000 after buying an additional 224,759 shares during the last quarter. UBS Asset Management Americas Inc. increased its holdings in General Growth Properties by 7.6% during the second quarter. UBS Asset Management Americas Inc. now owns 3,051,935 shares of the real estate investment trust’s stock valued at $71,904,000 after buying an additional 216,668 shares during the last quarter. Toronto Dominion Bank increased its holdings in General Growth Properties by 25.6% during the second quarter. Toronto Dominion Bank now owns 197,789 shares of the real estate investment trust’s stock valued at $4,659,000 after buying an additional 40,266 shares during the last quarter. Finally, Tredje AP fonden increased its holdings in General Growth Properties by 13.3% during the third quarter. Tredje AP fonden now owns 59,621 shares of the real estate investment trust’s stock valued at $1,238,000 after buying an additional 7,007 shares during the last quarter. Institutional investors own 88.74% 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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