Howard Hughes Corporation (The) (NYSE:HHC) has been given an average recommendation of “Hold” by the five ratings firms that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $144.33.

A number of equities analysts have issued reports on the stock. BidaskClub lowered shares of Howard Hughes Corporation (The) from a “sell” rating to a “strong sell” rating in a research report on Thursday. Zacks Investment Research lowered shares of Howard Hughes Corporation (The) from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 16th. Finally, BWS Financial assumed coverage on shares of Howard Hughes Corporation (The) in a research report on Thursday, June 8th. They set a “buy” rating and a $150.00 price target for the company.

In other Howard Hughes Corporation (The) news, EVP Christopher John Curry sold 30,000 shares of Howard Hughes Corporation (The) stock in a transaction on Monday, June 5th. The shares were sold at an average price of $126.62, for a total transaction of $3,798,600.00. Following the sale, the executive vice president now owns 42,935 shares of the company’s stock, valued at approximately $5,436,429.70. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 20.70% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. WFG Advisors LP boosted its position in shares of Howard Hughes Corporation (The) by 157.1% in the second quarter. WFG Advisors LP now owns 2,867 shares of the financial services provider’s stock valued at $352,000 after buying an additional 1,752 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Howard Hughes Corporation (The) by 9.6% in the second quarter. Public Employees Retirement System of Ohio now owns 68,677 shares of the financial services provider’s stock valued at $8,436,000 after buying an additional 6,024 shares during the last quarter. Westwood Holdings Group Inc. purchased a new position in shares of Howard Hughes Corporation (The) during the second quarter valued at $313,000. Nomura Holdings Inc. boosted its position in shares of Howard Hughes Corporation (The) by 0.3% in the second quarter. Nomura Holdings Inc. now owns 1,505,002 shares of the financial services provider’s stock valued at $184,708,000 after buying an additional 4,000 shares during the last quarter. Finally, Caledonia Private Investments Pty Ltd boosted its position in shares of Howard Hughes Corporation (The) by 296.7% in the second quarter. Caledonia Private Investments Pty Ltd now owns 1,000,257 shares of the financial services provider’s stock valued at $122,872,000 after buying an additional 748,116 shares during the last quarter. 80.41% of the stock is currently owned by hedge funds and other institutional investors.

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Howard Hughes Corporation (HHC) traded down 0.03% during midday trading on Wednesday, hitting $117.90. The stock had a trading volume of 121,581 shares. Howard Hughes Corporation has a one year low of $101.20 and a one year high of $131.39. The stock has a 50-day moving average price of $122.40 and a 200 day moving average price of $120.91. The firm has a market cap of $5.05 billion, a PE ratio of 84.09 and a beta of 1.42.

Howard Hughes Corporation (The) (NYSE:HHC) last posted its quarterly earnings results on Monday, August 7th. The financial services provider reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by $0.80. Howard Hughes Corporation (The) had a return on equity of 4.80% and a net margin of 5.69%. The business had revenue of $308.60 million for the quarter, compared to analysts’ expectations of $217.47 million. During the same period in the prior year, the business posted $0.16 earnings per share. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. On average, analysts predict that Howard Hughes Corporation will post $2.11 earnings per share for the current year.

Howard Hughes Corporation (The) Company Profile

The Howard Hughes Corporation is a developer of master planned communities and mixed use properties. The Company is engaged in the ownership, management and the redevelopment or repositioning of real estate assets, as well as other real estate opportunities in the form of entitled and unentitled land and other development rights, also called Strategic Developments.

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