General Growth Properties Inc Has More Gas To Increase After Today’s Bullish Options Activity

 General Growth Properties Inc Has More Gas To Increase After Today's Bullish Options Activity

In today’s session General Growth Properties Inc (GGP) registered an unusually high (368) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious GGP increase. With 368 contracts traded and 18674 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: GGP170120C00030000 closed last at: $0.45 or 10% down. The stock decreased 1.96% or $0.53 on October 4, hitting $26.53. General Growth Properties Inc (NYSE:GGP) has declined 5.29% since March 1, 2016 and is downtrending. It has underperformed by 14.53% the S&P500.

Analysts await General Growth Properties Inc (NYSE:GGP) to report earnings on November, 7. They expect $0.36 earnings per share, 0.00% or $0.00 from last year’s $0.36 per share. GGP’s profit will be $319.43M for 18.42 P/E if the $0.36 EPS becomes a reality. After $0.36 actual earnings per share reported by General Growth Properties Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

General Growth Properties Inc (NYSE:GGP) Ratings Coverage

Out of 13 analysts covering General Growth Properties (NYSE:GGP), 9 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 69% are positive. $40 is the highest target while $27 is the lowest. The $34 average target is 28.16% above today’s ($26.53) stock price. General Growth Properties has been the topic of 25 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Oppenheimer on Tuesday, August 4. BTIG Research initiated General Growth Properties Inc (NYSE:GGP) rating on Thursday, August 25. BTIG Research has “Buy” rating and $35 price target. RBC Capital Markets maintained General Growth Properties Inc (NYSE:GGP) rating on Wednesday, February 3. RBC Capital Markets has “Outperform” rating and $33 price target. The firm has “Hold” rating given on Friday, August 28 by Zacks. Zacks upgraded the stock to “Sell” rating in Tuesday, August 11 report. Boenning & Scattergood initiated it with “Outperform” rating and $32 target price in Friday, December 4 report. The firm has “Outperform” rating given on Wednesday, March 16 by Credit Suisse. The stock of General Growth Properties Inc (NYSE:GGP) earned “Buy” rating by Deutsche Bank on Monday, July 18. The company was downgraded on Tuesday, January 26 by Barclays Capital. The stock of General Growth Properties Inc (NYSE:GGP) has “Buy” rating given on Tuesday, September 8 by Evercore.

Insitutional Activity: The institutional sentiment increased to 1.25 in Q2 2016. Its up 0.09, from 1.16 in 2016Q1. The ratio improved, as 30 funds sold all General Growth Properties Inc shares owned while 123 reduced positions. 36 funds bought stakes while 156 increased positions. They now own 833.99 million shares or 1.71% more from 819.97 million shares in 2016Q1.
Bb&T Secs Limited Com holds 16,848 shares or 0.01% of its portfolio. Pub Sector Pension Board accumulated 110,407 shares or 0.04% of the stock. Mitsubishi Ufj And Bk holds 0.08% of its portfolio in General Growth Properties Inc (NYSE:GGP) for 1.15M shares. Babson Mgmt Ltd has 20,100 shares for 0.02% of their US portfolio. Morgan Stanley holds 0.14% of its portfolio in General Growth Properties Inc (NYSE:GGP) for 12.82M shares. Meiji Yasuda Asset Co Limited, a Japan-based fund reported 14,443 shares. Susquehanna International Group Inc Llp holds 0% or 111,300 shares in its portfolio. Raymond James Finance Svcs Advsrs holds 0% of its portfolio in General Growth Properties Inc (NYSE:GGP) for 10,571 shares. Montag A And Assoc holds 0.28% of its portfolio in General Growth Properties Inc (NYSE:GGP) for 70,280 shares. Bank Of America Corporation De has 0.01% invested in the company for 2.01M shares. Manufacturers Life Insur The accumulated 0.03% or 617,213 shares. Point72 Asia (Hong Kong) Limited holds 0.36% or 10,400 shares in its portfolio. The Illinois-based Envestnet Asset Management has invested 0.01% in General Growth Properties Inc (NYSE:GGP). Franklin Res has 0.01% invested in the company for 651,565 shares. Livforsakringsbolaget Skandia Omsesidigt holds 0.06% of its portfolio in General Growth Properties Inc (NYSE:GGP) for 42,690 shares.

General Growth Properties, Inc. is a self-administered and self-managed real estate investment trust (REIT). The company has a market cap of $23.54 billion. The Firm operates through operation, development and management of retail and other rental properties segment. It has a 37.08 P/E ratio. It is engaged in owning and operating retail properties to communities, retailers, employees, clients and shareholders.

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