Howard Hughes (NYSE:HHH) Price Target Raised to $79.00 at JPMorgan Chase & Co.

Howard Hughes (NYSE:HHH) had its target price increased by JPMorgan Chase & Co. from $76.00 to $79.00 in a research note released on Thursday morning,Benzinga reports. They currently have a neutral rating on the stock.

Other research analysts also recently issued research reports about the company. Wall Street Zen raised Howard Hughes from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Zacks Research upgraded Howard Hughes from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. Finally, Weiss Ratings lowered shares of Howard Hughes from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 6th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $79.00.

Howard Hughes Stock Down 1.0%

Shares of Howard Hughes stock opened at $72.11 on Thursday. Howard Hughes has a twelve month low of $61.01 and a twelve month high of $91.07. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.97. The company’s 50 day moving average is $67.52 and its 200 day moving average is $70.68. The company has a market cap of $4.30 billion, a price-to-earnings ratio of 35.35 and a beta of 1.12.

Howard Hughes (NYSE:HHH) last announced its earnings results on Thursday, May 7th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.06. Howard Hughes had a return on equity of 5.41% and a net margin of 8.04%.The business had revenue of $235.92 million for the quarter. During the same period in the previous year, the business posted $0.21 earnings per share. The company’s revenue for the quarter was up 18.4% on a year-over-year basis. Research analysts anticipate that Howard Hughes will post 3.01 EPS for the current year.

Insider Buying and Selling

In other Howard Hughes news, insider James Carman sold 1,500 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $64.20, for a total transaction of $96,300.00. Following the sale, the insider directly owned 22,096 shares of the company’s stock, valued at $1,418,563.20. This trade represents a 6.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 48.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Howard Hughes

A number of hedge funds have recently made changes to their positions in HHH. Signaturefd LLC raised its stake in Howard Hughes by 41.5% during the 4th 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 lifted its holdings in Howard Hughes by 191.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 516 shares of the company’s stock worth $35,000 after purchasing an additional 339 shares in the last quarter. Huntington National Bank boosted its stake in Howard Hughes by 134.1% in the 4th quarter. Huntington National Bank now owns 494 shares of the company’s stock worth $39,000 after purchasing an additional 283 shares during the period. Aster Capital Management DIFC Ltd bought a new position in Howard Hughes in the 4th quarter worth approximately $43,000. Finally, Atlas Capital Advisors Inc. purchased a new stake in Howard Hughes during the 4th quarter valued at approximately $43,000. 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.