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).
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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
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