Shares of General Growth Properties Inc. (NYSE:GGP) reached a new 52-week high on Monday . The stock traded as high as $32.10 and last traded at $31.79, with a volume of 1,290,892 shares trading hands. The stock had previously closed at $31.95.

GGP has been the subject of several research analyst reports. Mizuho reiterated a “buy” rating and issued a $35.00 price objective on shares of General Growth Properties in a research note on Friday, June 17th. Zacks Investment Research lowered shares of General Growth Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, July 13th. Barclays PLC lifted their price objective on shares of General Growth Properties from $29.00 to $30.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 19th. Citigroup Inc. reiterated a “buy” rating on shares of General Growth Properties in a research note on Thursday, June 30th. Finally, Deutsche Bank AG lifted their price objective on shares of General Growth Properties from $34.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, July 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $32.80.

The company has a market cap of $28.09 billion and a P/E ratio of 32.8445. The firm has a 50-day moving average price of $30.01 and a 200 day moving average price of $28.38.

In other General Growth Properties news, CEO Sandeep Mathrani sold 600,000 shares of the stock in a transaction on Friday, June 24th. The stock was sold at an average price of $28.76, for a total value of $17,256,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Alan J. Barocas sold 125,000 shares of the stock in a transaction on Tuesday, June 28th. The stock was sold at an average price of $29.28, for a total value of $3,660,000.00. The disclosure for this sale can be found here.

Other institutional investors have recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in General Growth Properties by 1.3% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 38,044 shares of the real estate investment trust’s stock worth $1,035,000 after buying an additional 488 shares during the period. PNC Financial Services Group Inc. increased its position in General Growth Properties by 54.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 45,039 shares of the real estate investment trust’s stock worth $1,226,000 after buying an additional 15,881 shares during the period. Alpine Woods Capital Investors LLC increased its position in General Growth Properties by 5.0% in the fourth quarter. Alpine Woods Capital Investors LLC now owns 79,800 shares of the real estate investment trust’s stock worth $2,171,000 after buying an additional 3,800 shares during the period. Montag A & Associates Inc. purchased a new position in General Growth Properties during the fourth quarter worth about $2,320,000. Finally, Bank of Montreal Can increased its position in General Growth Properties by 6.9% in the fourth quarter. Bank of Montreal Can now owns 107,270 shares of the real estate investment trust’s stock worth $2,919,000 after buying an additional 6,891 shares during the period.

General Growth Properties, Inc (GGP) is a self-administered and self-managed real estate investment trust (REIT). The Company operates through operation, development and management of retail and other rental properties segment. It is engaged in owning and operating retail properties to communities, retailers, employees, consumers and shareholders.

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