Howard Hughes (NYSE:HHH) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Howard Hughes (NYSE:HHH) from a sell rating to a hold rating in a research report released on Saturday.

Several other equities analysts have also commented on the company. Zacks Research lowered Howard Hughes from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 28th. Weiss Ratings restated a “hold (c-)” rating on shares of Howard Hughes in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. raised their target price on Howard Hughes from $76.00 to $85.00 and gave the company a “neutral” rating in a research note on Friday, August 29th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $83.33.

Howard Hughes Stock Down 3.3%

Shares of NYSE:HHH opened at $83.12 on Friday. The company’s fifty day moving average is $81.65 and its two-hundred day moving average is $74.41. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.18 and a current ratio of 1.18. Howard Hughes has a 1-year low of $61.40 and a 1-year high of $90.27. The stock has a market capitalization of $4.94 billion, a price-to-earnings ratio of 18.19 and a beta of 1.26.

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

Insiders Place Their Bets

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

Institutional Investors Weigh In On Howard Hughes

Institutional investors have recently bought and sold shares of the stock. Allworth Financial LP increased its stake in Howard Hughes by 134.2% during the 2nd quarter. Allworth Financial LP now owns 363 shares of the company’s stock valued at $25,000 after buying an additional 208 shares during the period. TD Waterhouse Canada Inc. lifted its stake 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 worth $27,000 after acquiring an additional 291 shares during the period. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Howard Hughes by 910.3% in the first quarter. Caitong International Asset Management Co. Ltd now owns 394 shares of the company’s stock valued at $29,000 after acquiring an additional 355 shares in the last quarter. Global Retirement Partners LLC bought a new position in shares of Howard Hughes in the third quarter valued at approximately $31,000. Finally, EverSource Wealth Advisors LLC increased 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 acquiring an additional 339 shares during the period. Institutional investors and hedge funds own 93.83% of the company’s stock.

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.