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

Howard Hughes Holdings Inc. (NYSE:HHH) has been assigned an average recommendation of “Hold” from the five brokerages that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $83.3333.

A number of research analysts have recently commented on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Howard Hughes in a report on Monday. Wall Street Zen raised shares of Howard Hughes from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Zacks Research downgraded shares of Howard Hughes from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 28th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Howard Hughes from $76.00 to $85.00 and gave the company a “neutral” rating in a research note on Friday, August 29th.

Howard Hughes Trading Up 1.7%

Shares of NYSE HHH opened at $89.83 on Friday. Howard Hughes has a fifty-two week low of $61.40 and a fifty-two week high of $91.07. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.18 and a current ratio of 1.18. The company has a market cap of $5.33 billion, a price-to-earnings ratio of 19.66 and a beta of 1.26. The business’s 50 day moving average price is $82.24 and its 200-day moving average price is $75.15.

Howard Hughes (NYSE:HHH) last announced its quarterly earnings data on Monday, November 10th. The company reported $2.02 EPS for the quarter, beating the consensus estimate of $1.56 by $0.46. Howard Hughes had a return on equity of 10.51% and a net margin of 12.85%.The company had revenue of $390.24 million for the quarter, compared to the consensus estimate of $331.52 million. During the same quarter in the prior year, the company posted $1.95 EPS. Howard Hughes’s quarterly revenue was up 19.3% on a year-over-year basis. On average, sell-side analysts expect that Howard Hughes will post 3.7 earnings per share for the current year.

Insiders Place Their Bets

In other Howard Hughes news, Director Anthony Williams sold 1,100 shares of the company’s stock in a transaction on Friday, September 26th. The stock was sold at an average price of $79.58, for a total value of $87,538.00. Following the completion of the sale, the director directly owned 8,102 shares in the company, valued at approximately $644,757.16. This represents a 11.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 48.00% of the stock is currently owned by company insiders.

Institutional Trading of Howard Hughes

Several institutional investors and hedge funds have recently made changes to their positions in HHH. Allworth Financial LP lifted its stake in Howard Hughes by 134.2% in the second quarter. Allworth Financial LP now owns 363 shares of the company’s stock worth $25,000 after acquiring an additional 208 shares during the period. TD Waterhouse Canada Inc. raised its holdings in shares of Howard Hughes by 291.0% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 391 shares of the company’s stock valued at $27,000 after purchasing an additional 291 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of Howard Hughes by 910.3% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 394 shares of the company’s stock worth $29,000 after purchasing an additional 355 shares during the period. Global Retirement Partners LLC purchased a new stake in shares of Howard Hughes in the 3rd quarter worth approximately $31,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Howard Hughes by 191.5% during the second quarter. EverSource Wealth Advisors LLC now owns 516 shares of the company’s stock valued at $35,000 after purchasing an additional 339 shares in the last quarter. 93.83% of the stock is currently owned by institutional investors.

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.