Howard Hughes Corp (NYSE:HHC) President Grant Herlitz bought 4,570 shares of Howard Hughes stock in a transaction dated Friday, November 9th. The stock was purchased at an average price of $109.39 per share, for a total transaction of $499,912.30. Following the purchase, the president now directly owns 154,503 shares in the company, valued at approximately $16,901,083.17. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of HHC traded down $0.48 on Tuesday, hitting $109.00. The company’s stock had a trading volume of 336,800 shares, compared to its average volume of 248,402. The company has a market capitalization of $4.77 billion, a P/E ratio of 70.32 and a beta of 1.20. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.28 and a quick ratio of 1.28. Howard Hughes Corp has a fifty-two week low of $104.83 and a fifty-two week high of $142.36.

Howard Hughes (NYSE:HHC) last announced its earnings results on Monday, November 5th. The financial services provider reported $0.54 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.08). The business had revenue of $257.00 million during the quarter, compared to analyst estimates of $191.77 million. Howard Hughes had a return on equity of 2.38% and a net margin of 18.75%. The firm’s revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.24 earnings per share. On average, sell-side analysts anticipate that Howard Hughes Corp will post 1.65 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the business. Legal & General Group Plc lifted its position in Howard Hughes by 12.7% during the 1st quarter. Legal & General Group Plc now owns 26,491 shares of the financial services provider’s stock worth $3,686,000 after buying an additional 2,980 shares in the last quarter. Principal Financial Group Inc. lifted its position in Howard Hughes by 3.5% during the 1st quarter. Principal Financial Group Inc. now owns 1,407,569 shares of the financial services provider’s stock worth $195,836,000 after buying an additional 47,981 shares in the last quarter. State of Alaska Department of Revenue lifted its position in shares of Howard Hughes by 49.0% during the second quarter. State of Alaska Department of Revenue now owns 4,286 shares of the financial services provider’s stock worth $567,000 after purchasing an additional 1,410 shares in the last quarter. Xact Kapitalforvaltning AB lifted its position in shares of Howard Hughes by 19.8% during the second quarter. Xact Kapitalforvaltning AB now owns 6,058 shares of the financial services provider’s stock worth $803,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Bank of Montreal Can acquired a new position in shares of Howard Hughes during the second quarter worth approximately $6,140,000. 85.49% of the stock is currently owned by institutional investors.

Several brokerages have recently commented on HHC. Citigroup reduced their target price on shares of Howard Hughes from $160.00 to $157.00 and set a “buy” rating on the stock in a research note on Monday, August 13th. TheStreet lowered shares of Howard Hughes from a “b-” rating to a “c+” rating in a research report on Tuesday, September 18th. Finally, Jefferies Financial Group restated a “$141.27” rating and issued a $171.00 price target on shares of Howard Hughes in a research report on Wednesday, July 18th. One equities research analyst has rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $160.00.

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About Howard Hughes

The Howard Hughes Corporation owns, manages, and develops commercial, residential, and mixed-use real estate properties in the United States. It operates in three segments: Master Planned Communities, Operating Assets, and Strategic Developments. The Master Planned Communities segment develops and sells residential and commercial land.

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