Price Target Update on General Growth Properties (NYSE:GGP)

General Growth Properties (NYSE:GGP) : The highest level General Growth Properties (NYSE:GGP) is projected to reach is $35 for the short term and the lowest estimate is at $29. The consolidated price target from 10 rating analysts who initiate coverage on the stock is $32.4 and the possibility the share price can swing is $1.84.

Other Equity analysts have also commented on the company shares. Mizuho Securities initiates coverage on General Growth Properties (NYSE:GGP). Mizuho Securities has a Buy rating on the shares. As per the latest report, the brokerage house announces the price target to $33 per share. The rating by the firm was issued on April 13, 2016.

General Growth Properties (NYSE:GGP): stock turned positive on Thursday. Though the stock opened at $28.92, the bulls momentum made the stock top out at $29.04 level for the day. The stock recorded a low of $28.79 and closed the trading day at $29, in the green by 0.87%. The total traded volume for the day was 3,218,873. The stock had closed at $28.75 in the previous days trading.

The company shares have rallied 10.36% from its 1 Year high price. On Mar 17, 2016, the shares registered one year high at $30.30 and the one year low was seen on Sep 4, 2015. The 50-Day Moving Average price is $27.65 and the 200 Day Moving Average price is recorded at $27.64. On the companys insider trading activities, Levine Marvin J, officer (EVP, Chief Legal Officer) of General Growth Properties, Inc., unloaded 20,000 shares at an average price of $26.88 on December 24, 2015. The total amount of the transaction was worth $537,600, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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 Companys 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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