Mizuho Securities Initiates Coverage on General Growth Properties Inc to Buy

Mizuho Securities Initiates Coverage on General Growth Properties Inc(NYSE:GGP). The shares have been rated Buy. The rating by Mizuho Securities was issued on Apr 13, 2016.

In a different note, On Apr 1, 2016, Citigroup said it Maintains its rating on General Growth Properties Inc. In the research note, the firm Raises the price-target to $32.00 per share. The shares have been rated ‘Buy’ by the firm. On Mar 16, 2016, Credit Suisse said it Assumes its rating on General Growth Properties Inc. The shares have been rated ‘Outperform’ by the firm. On Mar 7, 2016, Evercore ISI Group said it Upgrades its rating on General Growth Properties Inc. In the research note, the firm Raises the price-target to $30.00 per share. The shares have been rated ‘Buy’ by the firm. On Jan 26, 2016, Barclays said it Downgrades its rating on General Growth Properties Inc. According to the research note, Barclays Lowers the price target to $27 per share from a prior target of $31. The shares have been rated ‘Equal-weight’ by the firm.

General Growth Properties Inc (GGP) made into the market gainers list on Fridays trading session with the shares advancing 0.31% or 0.09 points. Due to strong positive momentum, the stock ended at $28.96, which is also near the day’s high of $29.03. The stock began the session at $28.89 and the volume stood at 28,76,113 shares. The 52-week high of the shares is $30.3 and the 52 week low is $24.22. The company has a current market capitalization of $25,557 M and it has 88,25,05,170 shares in outstanding.

General Growth Properties Inc(GGP) last announced its earnings results on Feb 1, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $644.63M. Analysts had an estimated revenue of $629.27M. Earnings per share were $0.43. Analysts had estimated an EPS of $0.42.

Several Insider Transactions has been reported to the SEC. On Dec 28, 2015, Marvin J Levine (EVP, Chief Legal Officer) sold 20,000 shares at $26.88 per share price.Also, On Dec 7, 2015, Richard Pesin (EVP, Anchor Dev & Construction) purchased 19,500 shares at $25.24 per share price.On Sep 21, 2015, Michael B Berman (Chief Financial Officer) sold 90,000 shares at $25.73 per share price, according to the Form-4 filing with the securities and exchange commission.

General Growth Properties Inc. (GGP) is a self-administered and self-managed real estate investment trust (REIT). The Company is engaged in owning and operating retail properties to communities retailers employees consumers and shareholders. As of December 31 2014 the Company owned either entirely or with joint venture partners 128 retail properties. The Company’s business is conducted through GGP Operating Partnership LP (GGPOP) GGP Nimbus LP (GGPN) and GGP Limited Partnership (GGPLP or operating partnership) subsidiaries of GGP. The Operating Partnerships own an interest in the properties of GGP. As of December 31 2014 GGP held approximately a 99% common equity ownership of the Operating Partnerships. In addition the Operating Partnerships conduct their operations through General Growth Management Inc. (GGMI) General Growth Services Inc. (GGSI) and GGPLP REIT Services LLC (GGPRS).

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