Showing posts with label General Growth Properties. Show all posts
Showing posts with label General Growth Properties. Show all posts

Monday, August 15, 2011

NVIDIA (NVDA) (FRF) (GGP) (KIOR) (ASYS) Price Targets Changed

NVIDIA (NASDAQ: NVDA), Fortegra Financial (NYSE: FRF), General Growth Properties, Inc (NYSE: GGP), KiOR Inc (NASDAQ: KIOR) and Amtech Systems Inc (NASDAQ: ASYS) price targets adjusted by analysts.



NVIDIA (NVDA) had its price target lowered by Goldman Sachs (NYSE:GS) to $14.00. They have a “Neutral” rating on the company.



Fortegra Financial (FRF) had its price target lowered by FBR Capital from $15.00 to $13.00. They have an “Outperform” rating on the company.



General Growth Properties, Inc. (GGP) had its price target lowered by UBS AG (NYSE:UBS) to $15.00. They have a “Neutral” rating on the company.



KiOR Inc. (KIOR) had its price target lowered by Citigroup (NYSE:C) to $20.00. They have a “Buy” rating on the company.



Amtech Systems Inc. (ASYS) had its price target lowered by Feltl & Co. from $22.00 to $18.00. They have a “Buy” rating on the company.

Friday, August 5, 2011

Hormel (HRL) (GGP) (HMA) (IFNNY) (IN) Downgraded

Hormel Foods Co. (NYSE: HRL), General Growth Properties, Inc (NYSE: GGP), Health Management Associates (NYSE: HMA), Infineon Technologies AG (NASDAQ: IFNNY) and Intermec Inc. (NYSE: IN) downgraded by analysts.

General Growth Properties, Inc. (GGP) was downgraded by RBC Capital from an “Outperform” rating to a “Sector Perform” rating.

Health Management Associates (HMA) was downgraded by CRT Capital to a “Buy” rating.

Hormel Foods Co. (HRL) was downgraded by Goldman Sachs (NYSE:GS) from a “Neutral” rating to a “Sell” rating.

Infineon Technologies AG (IFNNY) was downgraded by WestLB from a “Buy” rating to a “Neutral” rating.

Intermec Inc. (IN) was downgraded by Avian from a “Positive” rating to a “Neutral” rating.

Thursday, August 4, 2011

Fiserv (FISV) (RKT) (RDC) (BGFV) (GGP) (CHH) Upgraded

Fiserv, Inc. (NASDAQ: FISV), Rock-Tenn Company (NYSE: RKT), Rowan Companies, Inc. (NYSE: RDC), Big 5 Sporting Goods (NASDAQ: BGFV), General Growth Properties, Inc. (NYSE: GGP) and Choice Hotels (NYSE: CHH) upgraded by analysts.

Rock-Tenn Company (RKT) was upgraded by Deutsche Bank (NYSE:DB) from a “Hold” rating to a “Buy” rating.

Rowan Companies, Inc. (RDC) was upgraded by Credit Suisse (NYSE:CS) from an “Underperform” rating to a “Neutral” rating. They have a price target of $46.00 on the company.

Fiserv, Inc. (FISV) was upgraded by Robert W. Baird from a “Neutral” rating to an “Outperform” rating. They have a price target of $70.00 on the company, up from $68.00.

Big 5 Sporting Goods (BGFV) was upgraded by Feltl & Co. from a “Hold” rating to a “Buy” rating. They have a price target of $10.00 on the company, down from $12.00.

General Growth Properties, Inc. (GGP) was upgraded by Keefe, Bruyette & Woods, Inc from an “Underperform” rating to a “Market Perform” rating.

Choice Hotels (CHH) was upgraded by Credit Suisse (NYSE:CS) from an “Underperform” rating to a “Neutral” rating. They have a price target of $30.00 on the company.

Thursday, April 28, 2011

CAI (CAP) (EDU) (ESC) (GGP) (PCH) Ratings Reiterated

CAI International Inc (NYSE: CAP), New Oriental Education & Tech. Group Inc (NYSE: EDU), Emeritus Co. (NYSE: ESC), General Growth Properties, Inc (NYSE: GGP) and Potlatch Co. (NYSE: PCH) ratings reiterated by analysts.

Piper Jaffray reiterated an “Overweight” rating on CAI International Inc (CAP). They have a price target of $29 on the firm.

Piper Jaffray maintain an “Overweight” rating on New Oriental Education & Tech. Group Inc (EDU).

Morgan Keegan reiterated an “Outperform” rating on Emeritus Co. (ESC).

JPMorgan Chase & Co. (NYSE:JPM) reiterated a “Neutral” rating on General Growth Properties, Inc (GGP).

Keefe, Bruyette & Woods, Inc reiterated a “Market Perform” rating on Potlatch Co. (PCH). They have a price target of $36.00 on the company.

Thursday, March 10, 2011

Annaly Capital Management (NLY), Chimera Investments (CIM), General Growth Properties (GGP) Leading Reits

Among those watching real estate investment trusts, Annaly Capital Management (NYSE:NLY), Chimera Investments (NYSE: CIM) and General Growth Properties (NYSE:GGP) are the most watched.

Annaly Capital Management is the clear leader in terms of the percentage of people who are actively watching real estate investment trusts. It pays a whopping 14.3% dividend that easily can attract much investor attention. Annaly makes its money in a rather simple fashion: It borrows money cheaply, lends it out at a higher rate, and pockets the change.

The company issues shares to raise capital, which it levers up with short-term financing. It uses this capital to buy longer-term mortgage-backed securities, collects the interest on these securities or sells them, and then repays its lenders.

This model is similar to that of the proprietary trading desks at big banks such as Bank of America (NYSE:BAC) and Citigroup (NYSE:C), which, depending on implementation of the Volcker rule, may not even be legal in the foreseeable future. However, the difference now is that Annaly's trading is much safer (their investments are issued and guaranteed by the U.S. government) and typically as a shareholder you get to reap more of the reward. Fortunately, if you're looking for more of this type of exposure, Annaly's not the only game in town - both American Capital Agency (Nasdaq:AGNC) and Hatteras Financial (NYSE:HTS) play in the same sandbox. However, Annaly has been around much longer than the two companies listed above and has a pretty solid track record of success.

The next most-watched REIT is Annaly-managed Chimera Investments (NYSE: CIM), which is a little bit of a riskier stock in terms of its investment portfolio. Chimera invests mostly in residential mortgage-backed securities and asset-backed securities, some of which are agency and some of which are not. It also invests in whole mortgage loans which can be comprised of jumbo loans or Alt-A mortgage loans. Currently, Chimera pays a sweet 16% dividend. However, the company was incorporated in 2007, so it only has a short track record on which to judge its success.

The third most-watched REIT is General Growth Properties (NYSE:GGP), which has the typical characteristics that most people think of when REITs come to their mind. The company operates and develops retail, industrial, and office complexes, in addition to shopping centers and mixed-use areas. Unlike the two companies listed above, General Growth doesn't benefit from low short-term interest rates in the same way as the names above, and it doesn't utilize cheap cash to lever up and loan out its capital. So not surprisingly, you won't find any whopping dividend here - just a modest 2.5%. In fact, one of the main reasons investors are so tapped into General Growth is the fact that the company survived bankruptcy a few years back and has some great growth potential in front of it now.

Annaly Capital Management closed Wednesday at $17.85, up $0.11, or 0.62 percent. Chimera Investments closed at $4.27, down $0.02, or 0.47 percent. General Growth Properties closed at $14.92, down $0.31, or 2.04 percent.