JPMorgan Chase & Co. Cuts Howard Hughes (NYSE:HHH) Price Target to $82.00

Howard Hughes (NYSE:HHH) had its price target cut by JPMorgan Chase & Co. from $84.00 to $82.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have an overweight rating on the stock.

Howard Hughes Stock Performance

NYSE:HHH opened at $66.57 on Tuesday. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market cap of $3.36 billion, a price-to-earnings ratio of 44.08 and a beta of 1.14. Howard Hughes has a 1 year low of $59.83 and a 1 year high of $87.77. The stock’s 50 day simple moving average is $71.06 and its two-hundred day simple moving average is $75.89.

Howard Hughes (NYSE:HHH) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $3.25 EPS for the quarter, topping analysts’ consensus estimates of $2.85 by $0.40. Howard Hughes had a net margin of 6.57% and a return on equity of 3.38%. The business had revenue of $983.59 million during the quarter, compared to analysts’ expectations of $949.18 million. As a group, equities analysts anticipate that Howard Hughes will post 3.7 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in shares of Howard Hughes by 1.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,485,447 shares of the company’s stock worth $191,180,000 after purchasing an additional 24,360 shares during the period. Donald Smith & CO. Inc. boosted its position in shares of Howard Hughes by 0.6% during the fourth quarter. Donald Smith & CO. Inc. now owns 1,661,280 shares of the company’s stock valued at $127,786,000 after buying an additional 9,093 shares during the period. T. Rowe Price Investment Management Inc. grew its stake in shares of Howard Hughes by 48.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 828,317 shares of the company’s stock valued at $63,715,000 after buying an additional 269,402 shares during the last quarter. Dendur Capital LP raised its holdings in shares of Howard Hughes by 22.7% in the fourth quarter. Dendur Capital LP now owns 813,200 shares of the company’s stock worth $62,551,000 after buying an additional 150,200 shares during the period. Finally, American Century Companies Inc. lifted its stake in shares of Howard Hughes by 50.3% during the 4th quarter. American Century Companies Inc. now owns 624,769 shares of the company’s stock worth $48,057,000 after acquiring an additional 209,217 shares during the last quarter. 93.83% of the stock is owned by hedge funds and other institutional investors.

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.