General Growth Properties, Inc (NYSE:GGP) registered a -1.86% decrease, still its new closing price is 1.38% up from the company’s 1 year high of 32.10.It posted -3.08% losses in previous 5 sessions and is now the subject of 5 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 6 buy or better ratings. The 19 stock analysts following this company have an average price target at $30.22, with individual PT in the $25.00-$35.00 range. The shares moved at $24.22, implying that brokerage firms see shares losing about -12.12% in twelve months time.
General Growth Properties, Inc (GGP) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a -3.04% fall year to date. A SVP, Chief Accounting Officer at General Growth Properties, Inc (GGP) offloaded shares in a transaction closed on Monday January 09, 2017. Marszewski Tara sold 242 shares in the company at $25.6 each and collected $6,000 in proceeds. Marszewski Tara now owns 7,258 shares in the company after this transaction. A CFO in the company, Berman Michael B, disclosed a transaction on Friday August 19, 2016 that ended up generating $5,523,000 from the sale of 189,474 shares at $29.15 per share.
General Growth Properties, Inc (NYSE:GGP) Upcoming Results on Tap
General Growth Properties, Inc will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.38 in that period. Sales during the quarter are predicted to arrive at $567.61 million.
Earnings surprise history: Last quarter, the company posted approximately $554.49 million in revenue and EPS of $0.35. The mean forecast was for $559.7 million and $0.35 a share, respectively. One quarter earlier, revenue for the stock was at $574.59 million, with earnings at $0.36/share.
General Growth Properties, Inc (GGP) Brokerage Update
General Growth Properties, Inc (GGP) is in Deutsche Bank’s research list so their analyst rating change is noteworthy. These shares were downgraded to Hold from Buy by Deutsche Bank, according to news reported on Monday January 09, 2017.Another important research note was issued by Sandler O’Neill on Friday October 14, 2016.The firm upgraded GGP to Buy from Hold. Over the last six months and over the last three months, the shares of General Growth Properties, Inc (GGP), have changed -23.50% and -4.87%, respectively.
