Howard Hughes Corporation (The) (HHC) Receives $144.33 Average Price Target from Brokerages

Howard Hughes Corporation (The) (NYSE:HHC) has earned a consensus rating of “Hold” from the four ratings firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $136.50.

A number of brokerages have weighed in on HHC. Zacks Investment Research raised Howard Hughes Corporation (The) from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 11th. BidaskClub lowered Howard Hughes Corporation (The) from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th.

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Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA raised its position in shares of Howard Hughes Corporation (The) by 65.7% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 1,011 shares of the financial services provider’s stock worth $119,000 after acquiring an additional 401 shares in the last quarter. Shine Investment Advisory Services Inc. bought a new position in shares of Howard Hughes Corporation (The) in the 2nd quarter worth $122,000. Fiduciary Trust Co. bought a new position in shares of Howard Hughes Corporation (The) in the 2nd quarter worth $123,000. FNY Managed Accounts LLC bought a new position in shares of Howard Hughes Corporation (The) in the 2nd quarter worth $147,000. Finally, The Manufacturers Life Insurance Company raised its position in shares of Howard Hughes Corporation (The) by 7.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,212 shares of the financial services provider’s stock worth $149,000 after acquiring an additional 81 shares in the last quarter. 84.01% of the stock is owned by hedge funds and other institutional investors.

Shares of Howard Hughes Corporation (HHC) traded up $0.77 during midday trading on Monday, reaching $126.50. The company’s stock had a trading volume of 123,668 shares, compared to its average volume of 200,745. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 1.01. The company has a market cap of $5,463.16, a price-to-earnings ratio of 42.31 and a beta of 1.43. Howard Hughes Corporation has a 1-year low of $101.20 and a 1-year high of $131.39.

Howard Hughes Corporation (The) (NYSE:HHC) last issued its earnings results on Monday, August 7th. The financial services provider reported $0.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.87 by ($0.80). The firm had revenue of $308.60 million for the quarter, compared to the consensus estimate of $217.47 million. Howard Hughes Corporation (The) had a net margin of 5.69% and a return on equity of 4.80%. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same period last year, the firm earned $0.16 earnings per share. equities research analysts anticipate that Howard Hughes Corporation will post 1.7 earnings per share for the current year.

About Howard Hughes Corporation (The)

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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