Howard Hughes Holdings Inc. (NYSE:HHH) Receives $83.33 Average PT from Brokerages

Howard Hughes Holdings Inc. (NYSE:HHH) has earned an average rating of “Hold” from the five research firms that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $83.3333.

HHH has been the topic of several research reports. Weiss Ratings restated a “hold (c)” rating on shares of Howard Hughes in a report on Monday, December 29th. Wall Street Zen raised Howard Hughes from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th.

Howard Hughes Trading Down 1.9%

Shares of Howard Hughes stock opened at $69.46 on Monday. Howard Hughes has a 1 year low of $61.40 and a 1 year high of $91.07. The company’s fifty day simple moving average is $79.57 and its 200-day simple moving average is $80.95. The company has a market cap of $4.14 billion, a price-to-earnings ratio of 32.92 and a beta of 1.25. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 1.73.

Howard Hughes (NYSE:HHH) last released its earnings results on Thursday, February 19th. The company reported $1.57 EPS for the quarter, beating the consensus estimate of $0.31 by $1.26. Howard Hughes had a net margin of 8.40% and a return on equity of 5.54%. The firm had revenue of $624.45 million during the quarter. During the same quarter in the previous year, the company earned $3.25 earnings per share. Howard Hughes’s revenue for the quarter was down 36.5% compared to the same quarter last year. As a group, sell-side analysts expect that Howard Hughes will post 3.7 EPS for the current year.

Insider Activity at Howard Hughes

In other news, Director R Scot Sellers acquired 5,000 shares of Howard Hughes stock in a transaction on Tuesday, December 23rd. The stock was bought at an average price of $77.94 per share, for a total transaction of $389,700.00. Following the transaction, the director owned 67,517 shares of the company’s stock, valued at $5,262,274.98. The trade was a 8.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 48.00% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Allworth Financial LP boosted its stake in Howard Hughes by 134.2% during the second quarter. Allworth Financial LP now owns 363 shares of the company’s stock worth $25,000 after buying an additional 208 shares in the last quarter. TD Waterhouse Canada Inc. raised its stake in shares of Howard Hughes by 291.0% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 391 shares of the company’s stock valued at $27,000 after buying an additional 291 shares in the last quarter. Global Retirement Partners LLC acquired a new position in shares of Howard Hughes in the 3rd quarter valued at $31,000. Signaturefd LLC lifted its holdings in shares of Howard Hughes by 41.5% during the 4th quarter. Signaturefd LLC now owns 423 shares of the company’s stock worth $34,000 after acquiring an additional 124 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Howard Hughes by 191.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 516 shares of the company’s stock worth $35,000 after acquiring an additional 339 shares during the period. 93.83% of the stock is currently owned by institutional investors and hedge funds.

Howard Hughes Company Profile

Howard Hughes Holdings Inc, together with its subsidiaries, operates as a real estate development company in the United States. It operates in four segments: Operating Assets; Master Planned Communities (MPCs); Seaport; and Strategic Developments. The Operating Assets segment consists of developed or acquired retail, office, and multi-family properties along with other retail investments. Its MPCs segment develops, sells, and leases residential and commercial land designated for long-term community development projects in and around Las Vegas, Nevada; Houston, Texas; and Phoenix, Arizona.