Howard Hughes Holdings Inc. (NYSE:HHH) Given Average Recommendation of “Hold” by Brokerages

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

Several equities research analysts have issued reports on HHH shares. Wall Street Zen upgraded shares of Howard Hughes from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Howard Hughes in a report on Monday, December 29th.

Howard Hughes Price Performance

NYSE:HHH opened at $72.37 on Monday. The company has a market cap of $4.32 billion, a P/E ratio of 34.30 and a beta of 1.24. The firm’s fifty day moving average price is $80.32 and its two-hundred day moving average price is $81.04. Howard Hughes has a one year low of $61.40 and a one year high of $91.07. 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 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. The company had revenue of $624.45 million during the quarter. Howard Hughes had a net margin of 8.40% and a return on equity of 5.57%. The business’s quarterly revenue was down 36.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.25 EPS. Equities analysts expect that Howard Hughes will post 3.7 earnings per share for the current year.

Insider Buying and Selling at Howard Hughes

In other Howard Hughes news, Director R Scot Sellers bought 5,000 shares of Howard Hughes stock in a transaction dated Tuesday, December 23rd. The stock was bought at an average price of $77.94 per share, with a total value of $389,700.00. Following the completion of the transaction, the director owned 67,517 shares in the company, valued at $5,262,274.98. The trade was a 8.00% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 48.00% of the company’s stock.

Hedge Funds Weigh In On Howard Hughes

Hedge funds have recently bought and sold shares of the business. Stone Wealth Partners bought a new stake in Howard Hughes in the 4th quarter valued at about $281,000. Virtu Financial LLC bought a new stake in shares of Howard Hughes in the fourth quarter valued at approximately $279,000. Mcguire Capital Advisors Inc. acquired a new stake in Howard Hughes during the fourth quarter worth approximately $171,000. Compound Planning Inc. bought a new position in Howard Hughes during the 4th quarter worth $200,000. Finally, Invesco Ltd. increased its stake in Howard Hughes by 1.2% during the 4th quarter. Invesco Ltd. now owns 75,921 shares of the company’s stock worth $6,056,000 after acquiring an additional 936 shares during the period. 93.83% of the stock is owned by institutional investors.

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.