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

Shares of Howard Hughes Holdings Inc. (NYSE:HHH) have been given a consensus rating of “Hold” by the five brokerages that are presently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $83.3333.

A number of research analysts have recently commented on HHH shares. Wall Street Zen raised shares of Howard Hughes from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Weiss Ratings restated a “hold (c)” rating on shares of Howard Hughes in a research note on Monday, December 29th.

Howard Hughes Stock Down 0.4%

Shares of HHH stock opened at $71.40 on Monday. Howard Hughes has a 12 month low of $61.40 and a 12 month high of $91.07. The company has a quick ratio of 1.18, a current ratio of 1.19 and a debt-to-equity ratio of 1.73. The firm has a market cap of $4.26 billion, a PE ratio of 33.84 and a beta of 1.25. The stock has a 50 day moving average of $79.92 and a 200-day moving average of $80.95.

Howard Hughes (NYSE:HHH) last announced its earnings results on Thursday, February 19th. The company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $1.26. Howard Hughes had a net margin of 8.40% and a return on equity of 5.54%. The business had revenue of $624.45 million for the quarter. During the same period last year, the firm posted $3.25 EPS. The company’s revenue was down 36.5% compared to the same quarter last year. On average, equities analysts predict that Howard Hughes will post 3.7 EPS for the current year.

Insider Activity at Howard Hughes

In other news, Director R Scot Sellers bought 5,000 shares of Howard Hughes stock in a transaction that occurred on Tuesday, December 23rd. The stock was purchased at an average cost of $77.94 per share, with a total value of $389,700.00. Following the completion of the transaction, the director directly owned 67,517 shares in the company, valued at $5,262,274.98. This trade represents a 8.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 48.00% of the company’s stock.

Hedge Funds Weigh In On Howard Hughes

Hedge funds have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Howard Hughes during the 4th quarter valued at about $203,000. Stone Wealth Partners bought a new position in Howard Hughes during the fourth quarter worth about $281,000. Virtu Financial LLC acquired a new stake in Howard Hughes during the fourth quarter valued at approximately $279,000. Mcguire Capital Advisors Inc. acquired a new stake in Howard Hughes during the fourth quarter valued at approximately $171,000. Finally, Compound Planning Inc. bought a new stake in shares of Howard Hughes in the 4th quarter valued at approximately $200,000. Institutional investors and hedge funds own 93.83% of the company’s stock.

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.