RBC Capital upgraded shares of General Growth Properties (NYSE:GGP) from an underperform rating to a sector perform rating in a research report released on Wednesday morning, TheFlyOnTheWall.com reports. RBC Capital currently has $22.00 price objective on the stock.
Several other analysts have also recently commented on the stock. Analysts at SunTrust initiated coverage on shares of General Growth Properties in a research note to investors on Friday, July 12th. They set a buy rating on the stock. Separately, analysts at Barclays Capital raised their price target on shares of General Growth Properties from $19.00 to $20.00 in a research note to investors on Wednesday, July 3rd. They now have a hold rating on the stock. Finally, analysts at Evercore Partners upgraded shares of General Growth Properties from an underweight rating to an equal weight rating in a research note to investors on Thursday, June 13th. They now have a $21.00 price target on the stock, up previously from $19.00.
Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. General Growth Properties presently has an average rating of Buy and a consensus price target of $21.64.
General Growth Properties (NYSE:GGP) traded up 0.44% on Wednesday, hitting $20.72. General Growth Properties has a 52-week low of $18.24 and a 52-week high of $23.33. The stock’s 50-day moving average is currently $20.64. The company’s market cap is $19.462 billion.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, October 29th. Shareholders of record on Tuesday, October 15th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date of this dividend is Thursday, October 10th. This is a positive change from General Growth Properties’s previous quarterly dividend of $0.12.
General Growth Properties, Inc is a real estate investment trust (NYSE:GGP).
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