Howard Hughes (NYSE:HHC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Thursday.

According to Zacks, “Howard Hughes Corporation operates as a real estate company engaged in the development of master planned communities and other strategic real estate development opportunities across the United States. The Company operates its business in two lines of business: Master Planned Communities and Strategic Development. Its Master Planned Communities segment consists of the development and sale of residential and commercial land, primarily in large-scale projects in and around Columbia, Maryland; Houston, Texas; and Las Vegas, Nevada. Its Strategic Development segment is made up of near, medium and long-term real estate properties and development projects. Howard Hughes Corporation is headquartered in Wacker Drive, Chicago. “

HHC opened at $108.69 on Thursday. The company has a market capitalization of $4.83 billion, a price-to-earnings ratio of 82.34 and a beta of 1.28. Howard Hughes has a 1-year low of $89.51 and a 1-year high of $142.36. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.24 and a quick ratio of 1.24.

Howard Hughes (NYSE:HHC) last posted its quarterly earnings results on Wednesday, February 27th. The financial services provider reported $0.86 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.40. The business had revenue of $464.69 million during the quarter, compared to analyst estimates of $347.02 million. Howard Hughes had a net margin of 5.36% and a return on equity of 1.80%. The company’s revenue was up 54.4% on a year-over-year basis. During the same period in the prior year, the business posted $3.46 earnings per share. Equities research analysts anticipate that Howard Hughes will post 1.11 earnings per share for the current fiscal year.

In other Howard Hughes news, insider Kevin Orrock sold 771 shares of the company’s stock in a transaction that occurred on Thursday, January 3rd. The shares were sold at an average price of $95.90, for a total value of $73,938.90. Following the completion of the transaction, the insider now directly owns 7,693 shares in the company, valued at $737,758.70. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 10.10% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of HHC. PRW Wealth Management LLC bought a new position in shares of Howard Hughes during the fourth quarter worth $49,000. Avestar Capital LLC boosted its position in shares of Howard Hughes by 49.5% during the fourth quarter. Avestar Capital LLC now owns 996 shares of the financial services provider’s stock worth $79,000 after acquiring an additional 330 shares during the last quarter. First Mercantile Trust Co. boosted its position in shares of Howard Hughes by 36.6% during the fourth quarter. First Mercantile Trust Co. now owns 1,790 shares of the financial services provider’s stock worth $174,000 after acquiring an additional 480 shares during the last quarter. Keybank National Association OH boosted its position in shares of Howard Hughes by 9.3% during the fourth quarter. Keybank National Association OH now owns 2,131 shares of the financial services provider’s stock worth $208,000 after acquiring an additional 181 shares during the last quarter. Finally, New Jersey Better Educational Savings Trust boosted its position in shares of Howard Hughes by 10.0% during the fourth quarter. New Jersey Better Educational Savings Trust now owns 2,200 shares of the financial services provider’s stock worth $215,000 after acquiring an additional 200 shares during the last quarter. Institutional investors and hedge funds own 84.28% of the company’s stock.

Howard Hughes Company Profile

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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