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

Shares of Howard Hughes Holdings Inc. (NYSE:HHH) have been assigned a consensus rating of “Hold” from the five analysts that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $83.3333.

HHH has been the topic of several research reports. Wall Street Zen raised shares of Howard Hughes from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Howard Hughes in a research report on Monday, December 29th. Finally, Zacks Research downgraded Howard Hughes from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 28th.

Insider Activity at Howard Hughes

In related news, Director Mary Ann Tighe sold 6,000 shares of Howard Hughes stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $88.83, for a total transaction of $532,980.00. Following the completion of the transaction, the director directly owned 13,495 shares in the company, valued at approximately $1,198,760.85. This trade represents a 30.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director R Scot Sellers bought 5,000 shares of the business’s stock in a transaction dated Tuesday, December 23rd. The shares were purchased at an average cost of $77.94 per share, with a total value of $389,700.00. Following the completion of the acquisition, the director owned 67,517 shares in the company, valued at approximately $5,262,274.98. This represents a 8.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 48.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Signaturefd LLC boosted its holdings in 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 purchasing an additional 124 shares during the last quarter. Arizona State Retirement System raised its position in Howard Hughes by 1.4% in the third quarter. Arizona State Retirement System now owns 9,666 shares of the company’s stock valued at $794,000 after purchasing an additional 130 shares during the period. Huntington National Bank lifted its stake in shares of Howard Hughes by 15.5% in the 2nd quarter. Huntington National Bank now owns 1,079 shares of the company’s stock valued at $73,000 after purchasing an additional 145 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of Howard Hughes by 0.5% during the 4th quarter. Sequoia Financial Advisors LLC now owns 27,193 shares of the company’s stock worth $2,169,000 after purchasing an additional 147 shares during the period. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Howard Hughes by 28.9% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 665 shares of the company’s stock worth $55,000 after purchasing an additional 149 shares during the period. Hedge funds and other institutional investors own 93.83% of the company’s stock.

Howard Hughes Stock Performance

HHH stock opened at $84.18 on Thursday. Howard Hughes has a 1-year low of $61.40 and a 1-year high of $91.07. The business has a 50-day moving average price of $82.07 and a 200 day moving average price of $80.21. The company has a market capitalization of $5.00 billion, a P/E ratio of 16.41 and a beta of 1.24. 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 (NYSE:HHH) last posted its earnings results on Monday, November 10th. The company reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.56 by $0.46. Howard Hughes had a net margin of 14.95% and a return on equity of 11.06%. The business had revenue of $390.24 million for the quarter, compared to the consensus estimate of $331.52 million. During the same quarter last year, the firm posted $1.95 EPS. The company’s revenue for the quarter was up 19.3% on a year-over-year basis. As a group, equities research analysts forecast 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.