Analysts Set Howard Hughes Holdings Inc. (NYSE:HHH) Price Target at $83.33

Shares of Howard Hughes Holdings Inc. (NYSE:HHH) have been given an average recommendation of “Hold” by the five ratings firms that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $83.3333.

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Howard Hughes in a report on Monday, December 29th.

Insider Buying and Selling

In other Howard Hughes news, General Counsel Joseph Valane bought 1,260 shares of the business’s stock in a transaction on Friday, March 13th. The stock was purchased 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 directly owned 29,209 shares of the company’s stock, valued at approximately $1,882,520.05. This trade represents a 4.51% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, 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

Several hedge funds and other institutional investors have recently modified their holdings of HHH. Brighton Jones LLC bought a new stake in shares of Howard Hughes during the 4th quarter worth $511,000. Royal Bank of Canada grew its position in Howard Hughes by 1,900.6% in the first quarter. Royal Bank of Canada now owns 99,248 shares of the company’s stock valued at $7,353,000 after acquiring an additional 94,287 shares during the last quarter. Millennium Management LLC raised its stake in Howard Hughes by 2,368.8% during the first quarter. Millennium Management LLC now owns 165,926 shares of the company’s stock worth $12,292,000 after acquiring an additional 159,205 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Howard Hughes by 26.7% during the first quarter. Goldman Sachs Group Inc. now owns 118,589 shares of the company’s stock worth $8,785,000 after acquiring an additional 25,001 shares in the last quarter. Finally, Focus Partners Wealth bought a new position in shares of Howard Hughes in the first quarter worth about $254,000. Institutional investors own 93.83% of the company’s stock.

Howard Hughes Stock Up 0.1%

HHH stock opened at $62.35 on Friday. Howard Hughes has a 52 week low of $61.01 and a 52 week high of $91.07. The business has a 50-day simple moving average of $74.31 and a 200 day simple moving average of $79.60. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 1.73. The company has a market cap of $3.72 billion, a PE ratio of 29.55 and a beta of 1.25.

Howard Hughes (NYSE:HHH) last announced its quarterly earnings data 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 firm had revenue of $624.45 million for the quarter. During the same quarter in the previous year, the company earned $3.25 earnings per share. The company’s quarterly revenue was down 36.5% on a year-over-year basis. Sell-side analysts anticipate that Howard Hughes will post 3.7 EPS for the current fiscal year.

About Howard Hughes

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.