Howard Hughes Holdings Inc. (NYSE:HHH) Receives $83.33 Average Price Target from Analysts

Howard Hughes Holdings Inc. (NYSE:HHH) has been assigned a consensus rating of “Hold” from the five ratings firms that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $83.3333.

Several research analysts recently issued reports on HHH shares. Zacks Research lowered Howard Hughes from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 28th. Wall Street Zen raised Howard Hughes from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Howard Hughes in a research note on Monday, December 29th.

Howard Hughes Trading Up 2.4%

HHH opened at $81.99 on Thursday. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.18 and a quick ratio of 1.18. Howard Hughes has a fifty-two week low of $61.40 and a fifty-two week high of $91.07. The company’s 50 day moving average price is $82.18 and its two-hundred day moving average price is $80.04. The firm has a market capitalization of $4.87 billion, a price-to-earnings ratio of 15.98 and a beta of 1.24.

Howard Hughes (NYSE:HHH) last released its quarterly earnings results on Monday, November 10th. The company reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.46. Howard Hughes had a net margin of 14.95% and a return on equity of 11.06%. The firm had revenue of $390.24 million during the quarter, compared to the consensus estimate of $331.52 million. During the same quarter last year, the firm earned $1.95 earnings per share. The company’s revenue for the quarter was up 19.3% on a year-over-year basis. As a group, research analysts predict that Howard Hughes will post 3.7 earnings per share for the current year.

Insider Buying and Selling

In other news, Director R Scot Sellers bought 5,000 shares of the stock in a transaction that occurred on Tuesday, December 23rd. The stock was acquired at an average price of $77.94 per share, with a total value of $389,700.00. Following the completion of the purchase, the director directly owned 67,517 shares of the company’s stock, valued at approximately $5,262,274.98. This represents a 8.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Mary Ann Tighe sold 6,000 shares of the company’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $88.83, for a total transaction of $532,980.00. Following the sale, the director directly owned 13,495 shares in the company, valued at $1,198,760.85. This trade represents a 30.78% decrease in their position. The SEC filing for this sale provides additional information. 48.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

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