Howard Hughes Corp (HHC) is Vision Capital Corp’s 2nd Largest Position
Vision Capital Corp raised its stake in Howard Hughes Corp (NYSE:HHC) by 0.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 176,891 shares of the financial services provider’s stock after acquiring an additional 102 shares during the period. Howard Hughes comprises about 15.1% of Vision Capital Corp’s investment portfolio, making the stock its 2nd largest position. Vision Capital Corp’s holdings in Howard Hughes were worth $19,458,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors also recently made changes to their positions in HHC. Alpine Woods Capital Investors LLC acquired a new stake in shares of Howard Hughes during the first quarter worth about $242,000. Moors & Cabot Inc. acquired a new stake in shares of Howard Hughes during the first quarter worth about $376,000. California Public Employees Retirement System raised its position in shares of Howard Hughes by 4.5% during the first quarter. California Public Employees Retirement System now owns 80,062 shares of the financial services provider’s stock worth $8,807,000 after purchasing an additional 3,474 shares during the period. Comerica Bank raised its position in shares of Howard Hughes by 34.4% during the first quarter. Comerica Bank now owns 93,268 shares of the financial services provider’s stock worth $10,467,000 after purchasing an additional 23,872 shares during the period. Finally, Pinnacle Financial Partners Inc. acquired a new stake in shares of Howard Hughes during the first quarter worth about $236,000. Hedge funds and other institutional investors own 84.51% of the company’s stock.
Shares of NYSE:HHC traded up $0.28 during mid-day trading on Wednesday, reaching $107.01. 19,650 shares of the stock were exchanged, compared to its average volume of 157,590. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.36 and a current ratio of 1.36. The company has a market cap of $4.62 billion, a PE ratio of 81.07 and a beta of 1.26. Howard Hughes Corp has a one year low of $89.51 and a one year high of $142.36.
HHC has been the topic of a number of research analyst reports. TheStreet raised Howard Hughes from a “c” rating to a “b-” rating in a research report on Friday, April 26th. Zacks Investment Research raised Howard Hughes from a “hold” rating to a “buy” rating and set a $126.00 price target on the stock in a research report on Tuesday, April 16th. Two analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Howard Hughes currently has a consensus rating of “Buy” and a consensus price target of $150.75.
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About Howard Hughes
The Howard Hughes Corporation owns, manages, and develops commercial, residential, and hospitality operating properties in the United States. It operates through three segments: Operating Assets, Master Planned Communities, and Strategic Developments. The Operating Assets segment owns 15 retail, 28 office, 8 multi-family, and 4 hospitality properties, as well as 10 other operating assets and investments primarily located and around The Woodlands, Texas; Columbia, Maryland; New York, New York; Las Vegas, Nevada; and Honolulu, Hawaii.
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