Barclays Issues a Hold Rating on General Growth Properties Inc

By Carrie Williams

Barclays analyst Ross L Smotrich maintained a Hold rating on General Growth Properties Inc (NYSE: GGP) on April 18 and set a price target of $25. The company’s shares closed yesterday at $23.65.

According to TipRanks.com, Smotrich is a 5-star analyst with an average return of 8.8% and a 68.0% success rate. Smotrich covers the Financial sector, focusing on stocks such as Pennsylvania Real Estate ate Investment, Apartment Investment & Management, and Hudson Pacific Properties.

General Growth Properties Inc has an analyst consensus of Moderate Buy, with a price target consensus of $30.33.

Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is negative on the stock. Most recently, in February 2017, Michael B. Berman, the CFO of GGP sold 150,000 shares for a total of $3,750,000.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

GGP, Inc. is a real estate investment trust, which operates, manages, develops and acquires retail and other rental properties in regional malls. The portfolio of regional malls represents a collection of retail properties that are targeted to a range of market sizes and consumer tastes. The company was founded by Matthew Bucksbaum and Martin Bucksbaum in 1954 and is headquartered in Chicago, IL.