Advertisement
Singapore markets open in 3 hours 42 minutes

  • Straits Times Index

    3,293.13
    +20.41 (+0.62%)
     

  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     

  • Dow

    38,460.92
    -42.77 (-0.11%)
     

  • Nasdaq

    15,712.75
    +16.11 (+0.10%)
     

  • Bitcoin USD

    64,113.86
    -2,213.03 (-3.34%)
     

  • CMC Crypto 200

    1,385.35
    -38.75 (-2.72%)
     

  • FTSE 100

    8,040.38
    -4.43 (-0.06%)
     

  • Gold

    2,328.90
    -13.20 (-0.56%)
     

  • Crude Oil

    82.84
    -0.52 (-0.62%)
     

  • 10-Yr Bond

    4.6520
    +0.0540 (+1.17%)
     

  • Nikkei

    38,460.08
    +907.92 (+2.42%)
     

  • Hang Seng

    17,201.27
    +372.34 (+2.21%)
     

  • FTSE Bursa Malaysia

    1,571.48
    +9.84 (+0.63%)
     

  • Jakarta Composite Index

    7,174.53
    -7,110.81 (-49.78%)
     

  • PSE Index

    6,572.75
    +65.95 (+1.01%)
     

Surging Rank, Surging Stock; Why General Growth Properties (GGP) is a Winner

Zacks Equity Research

One company that should be on your radar is General Growth Properties, Inc. (GGP). The stock of this REIT-Retail industry has seen its Zacks Rank surge over the past four weeks, moving from Sell territory to its current position as a Buy.

A key reason for this move has been the positive trend in the earnings estimate revisions picture. For GGP’s full year estimate, we have seen 4 estimates go higher in the past 30 days while no downward estimate revision was observed in the same time period. This trend has helped the consensus estimate to trend higher, increasing from $1.28 a share a month ago to its current level at $1.29 a share.

This positive shift in estimates has made some investors take notice and buy the stock. In fact, GGP has seen some pretty solid trading lately, as the company has moved higher by 10.9% in the past month.

If General Growth Properties can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put GGP on your watch list for the future.

Other top-ranked stocks worth considering in the same space include Brixmor Property Group Inc. com (BRX), Excel Trust, Inc. (EXL) and National Retail Properties, Inc. (NNN). All these stocks carry a Zacks Rank #2 (Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>



GENERAL GROWTH PROPERTIES INC (GGP): Free Stock Analysis Report

BRIXMOR PROPERTY GROUP INC (BRX): Free Stock Analysis Report

EXCEL TRUST INC (EXL): Free Stock Analysis Report

NATIONAL RETAIL PROPERTIES INC (NNN): Free Stock Analysis Report


Zacks Investment Research