General Growth Reaches New 52-Week High (GGP)

NEW YORK ( TheStreet) -- General Growth Properties (NYSE: GGP) hit a new 52-week high Friday as it is currently trading at $18.73, above its previous 52-week high of $18.72 with 4.9 million shares traded as of 11:50 a.m. ET. Average volume has been 3.7 million shares over the past 30 days.

General Growth has a market cap of $17.08 billion and is part of the financial sector and real estate industry. Shares are up 17.1% year to date as of the close of trading on Thursday.

General Growth Properties, Inc. operates as a real estate investment trust in the United States. It operates in two segments, Retail and Other, and Master Planned Communities.

TheStreet Ratings rates General Growth as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally poor debt management and poor profit margins. You can view the full General Growth Ratings Report.

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