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 an average rating of “Hold” by the five analysts that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $83.3333.

Separately, Weiss Ratings lowered Howard Hughes from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 6th.

Howard Hughes Stock Down 0.9%

NYSE:HHH opened at $64.11 on Tuesday. The company’s 50-day simple moving average is $67.60 and its 200-day simple moving average is $77.29. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.19 and a current ratio of 1.19. Howard Hughes has a fifty-two week low of $61.01 and a fifty-two week high of $91.07. The stock has a market capitalization of $3.82 billion, a P/E ratio of 30.38 and a beta of 1.28.

Howard Hughes (NYSE:HHH) last posted its quarterly earnings data on Thursday, February 19th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.21). Howard Hughes had a return on equity of 5.54% and a net margin of 8.40%.The firm had revenue of $624.45 million for the quarter. During the same period in the previous year, the business posted $3.25 EPS. The firm’s quarterly revenue was down 36.5% compared to the same quarter last year. On average, equities analysts anticipate that Howard Hughes will post 4.06 earnings per share for the current fiscal year.

Insider Transactions at Howard Hughes

In other Howard Hughes news, General Counsel Joseph Valane purchased 1,260 shares of the firm’s stock in a transaction on Friday, March 13th. The stock was bought at an average cost of $64.45 per share, for a total transaction of $81,207.00. Following the completion of the purchase, the general counsel owned 29,209 shares in the company, valued at $1,882,520.05. This represents a 4.51% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 48.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Howard Hughes

Large investors have recently bought and sold shares of the company. Global Retirement Partners LLC acquired a new stake in shares of Howard Hughes in the third quarter worth $31,000. Signaturefd LLC lifted its position in Howard Hughes by 41.5% during the fourth quarter. Signaturefd LLC now owns 423 shares of the company’s stock valued at $34,000 after purchasing an additional 124 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Howard Hughes by 191.5% in the second quarter. EverSource Wealth Advisors LLC now owns 516 shares of the company’s stock valued at $35,000 after purchasing an additional 339 shares during the last quarter. Huntington National Bank boosted its holdings in Howard Hughes by 134.1% in the fourth quarter. Huntington National Bank now owns 494 shares of the company’s stock valued at $39,000 after purchasing an additional 283 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new stake in Howard Hughes during the 4th quarter worth about $43,000. Hedge funds and other institutional investors 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.