General Growth Properties Inc (GGP) is Initiated by Mizuho to Buy, Price Target at $33

General Growth Properties Inc (GGP) was Initiated by Mizuho to “Buy” and the brokerage firm has set the Price Target at $33. Mizuho advised their investors in a research report released on Apr 14, 2016.

Many Wall Street Analysts have commented on General Growth Properties Inc. Company shares were Reiterated by RBC Capital Mkts on Feb 3, 2016 to “Outperform”, Firm has raised the Price Target to $ 33 from a previous price target of $32 .Shares were Downgraded by Barclays on Jan 26, 2016 to ” Equal Weight” and Lowered the Price Target to $ 27 from a previous price target of $31 .

On the company’s financial health, General Growth Properties Inc reported $0.43 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Feb 1, 2016. Analyst had a consensus of $0.42. The company had revenue of $644.63 million for the quarter, compared to analysts expectations of $626.92 million. The company’s revenue was down -4.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.38 EPS.

General Growth Properties Inc closed down -0.16 points or -0.55% at $28.75 with 24,78,627 shares getting traded on Monday. Post opening the session at $28.97, the shares hit an intraday low of $28.75 and an intraday high of $29.16 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Dec 28, 2015, Marvin J Levine (EVP, Chief Legal Officer) sold 20,000 shares at $26.88 per share price. According to the SEC, 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).

General Growth Properties Inc

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