What Could Be Propelling General Growth Properties Inc to Decrease?

 What Could Be Propelling General Growth Properties Inc to Decrease?

In today’s session General Growth Properties Inc (GGP) recorded an unusually high (3,444) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious GGP decrease. With 3,444 contracts traded and 4814 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: GGP161118P00025000 closed last at: $0.43 or 8.5% down. General Growth Properties Inc (NYSE:GGP) has declined 10.93% since March 16, 2016 and is downtrending. It has underperformed by 16.48% the S&P500.

Analysts await General Growth Properties Inc (NYSE:GGP) to report earnings on November, 7. They expect $0.36 EPS, 0.00% or $0.00 from last year’s $0.36 per share. GGP’s profit will be $319.38 million for 18.03 P/E if the $0.36 EPS becomes a reality. After $0.36 actual EPS 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 14 analysts covering General Growth Properties (NYSE:GGP), 10 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 71% are positive. $40 is the highest target while $27 is the lowest. The $34 average target is 30.92% above today’s ($25.97) stock price. General Growth Properties has been the topic of 26 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The rating was upgraded by Evercore on Monday, March 7 to “Buy”. Oppenheimer maintained the stock with “Buy” rating in Tuesday, August 4 report. Boenning & Scattergood initiated General Growth Properties Inc (NYSE:GGP) on Friday, December 4 with “Outperform” rating. The firm has “Neutral” rating by JP Morgan given on Thursday, December 17. BTIG Research initiated the shares of GGP in a report on Thursday, August 25 with “Buy” rating. As per Wednesday, August 12, the company rating was maintained by S&P Research. 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 rating was downgraded by Barclays Capital to “Equal-Weight” on Tuesday, January 26. Zacks downgraded the shares of GGP in a report on Friday, August 28 to “Hold” rating. The rating was maintained by Barclays Capital with “Equalweight” on Tuesday, July 19.

According to Zacks Investment Research, “General Growth Properties is one of the oldest and most experienced shopping center owners, developers and managers in the United States. It has ownership interests in, and management responsibilities for, a portfolio of regional shopping malls in numerous states. (Company Press Release)”

Insitutional Activity: The institutional sentiment increased to 1.25 in 2016 Q2. Its up 0.09, from 1.16 in 2016Q1. The ratio is positive, 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.
Moreover, Babson Cap Ltd Limited Liability Company has 0.02% invested in General Growth Properties Inc (NYSE:GGP) for 20,100 shares. Moreover, Independent Order Of Foresters has 2.98% invested in General Growth Properties Inc (NYSE:GGP) for 135,162 shares. Hightower Advsr Ltd Com last reported 0.01% of its portfolio in the stock. Ameriprise Financial has 0.02% invested in the company for 1.42M shares. Virginia Retirement Systems Et Al has invested 0.3% of its portfolio in General Growth Properties Inc (NYSE:GGP). Aberdeen Asset Management Public Limited Co Uk has invested 0.02% of its portfolio in General Growth Properties Inc (NYSE:GGP). Joel Isaacson & Limited Liability Corp last reported 3,911 shares in the company. The France-based Bnp Paribas Investment Prtn has invested 0.07% in General Growth Properties Inc (NYSE:GGP). Cleararc Capital holds 0.08% or 14,170 shares in its portfolio. Geneva Advsr Limited Liability holds 0.01% of its portfolio in General Growth Properties Inc (NYSE:GGP) for 19,600 shares. Brown Advisory holds 14,441 shares or 0% of its portfolio. The New York-based Apg Asset Mngmt Us has invested 0.65% in General Growth Properties Inc (NYSE:GGP). The Michigan-based World Asset Management has invested 0.08% in General Growth Properties Inc (NYSE:GGP). Chevy Chase Trust has 497,954 shares for 0.08% of their US portfolio. Wesbanco National Bank accumulated 10,140 shares or 0.02% of the stock.

General Growth Properties, Inc. is a self-administered and self-managed real estate investment trust (REIT). The company has a market cap of $23.04 billion. The Firm operates through operation, development and management of retail and other rental properties segment. It has a 36.3 P/E ratio. It is engaged in owning and operating retail properties to communities, retailers, employees, clients and shareholders.

GGP Company Profile

General Growth Properties, Inc. (GGP), incorporated on July 1, 2010, is a self-administered and self-managed real estate investment trust (REIT). The Firm operates through operation, development and management of retail and other rental properties segment. It is engaged in owning and operating retail properties to communities, retailers, employees, clients and shareholders. The Firm owns, either entirely or with joint venture partners, over 130 retail properties located across the United States comprising approximately 130 million square feet of gross leasable area (GLA). The Company’s business is conducted through GGP Operating Partnership, LP (GGPOP), GGP Nimbus, LP (GGPN) and GGP Limited Partnership (GGPLP, and together with GGPN the Operating Partnerships), subsidiaries of GGP. The Operating Partnerships own an interest in the properties of GGP.

Another recent and important General Growth Properties Inc (NYSE:GGP) news was published by Businesswire.com which published an article titled: “General Growth Properties Schedules Third Quarter 2016 Earnings Release and …” on September 23, 2016.

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