General Growth Properties (GGP) : The consensus price target for General Growth Properties (GGP) is $32.4 for the short term with a standard deviation of $1.84. The most optimist securities analyst among the 10 who monitor the stock believes that the stock can reach $35, however, the pessimist price target for the company is $29.
General Growth Properties (GGP), A reduction of 2,384,480 shares or 12.3% was observed in the short interest of General Growth Properties Inc The interest on June 30,2016 came in at 17,070,435 shares and as per the average daily trading of 4,496,082 shares, the days to cover are 4. The reduced interest is 2.9% of the floated shares. The data of June 15,2016 put the interest at 19,454,915 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, Mizuho Securities initiates coverage on General Growth Properties (NYSE:GGP) The current rating of the shares is Buy. Equity Analysts at the Firm announces the price target to $33 per share. The rating by the firm was issued on April 13, 2016.
General Growth Properties (NYSE:GGP): On Thursdays trading session , Opening price of the stock was $31.15 with an intraday high of $31.2. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $30.93. However, the stock managed to close at $30.99, a loss of 0.55% for the day. On the previous day, the stock had closed at $31.16. The total traded volume of the day was 2,722,045 shares.
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).