Shares of The Howard Hughes Corp. (NYSE:HHC) gapped up before the market opened on Monday . The stock had previously closed at $113.47, but opened at $113.93. The Howard Hughes Corp. shares last traded at $114.98, with a volume of 51,499 shares changing hands.

HHC has been the topic of several research reports. Compass Point restated a “buy” rating and set a $200.00 price objective (up previously from $190.00) on shares of The Howard Hughes Corp. in a research report on Thursday, April 21st. Citigroup Inc. initiated coverage on shares of The Howard Hughes Corp. in a research report on Friday, May 13th. They issued a “buy” rating and a $165.00 target price on the stock. Finally, TheStreet upgraded shares of The Howard Hughes Corp. from a “hold” rating to a “buy” rating in a research report on Monday, May 2nd.

The company has a 50-day moving average price of $112.18 and a 200 day moving average price of $102.98. The firm has a market cap of $4.54 billion and a P/E ratio of 17.35.

The Howard Hughes Corp. (NYSE:HHC) last announced its quarterly earnings data on Monday, May 2nd. The company reported $3.04 EPS for the quarter, beating the consensus estimate of $0.33 by $2.71. The business had revenue of $239.66 million for the quarter, compared to analyst estimates of $186.95 million. During the same quarter in the previous year, the firm posted $0.56 earnings per share. The business’s revenue was up 54.5% on a year-over-year basis. On average, equities analysts forecast that The Howard Hughes Corp. will post $6.91 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of the stock. California State Teachers Retirement System raised its position in The Howard Hughes Corp. by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 74,975 shares of the company’s stock valued at $8,484,000 after buying an additional 1,176 shares during the period. Rhumbline Advisers raised its position in The Howard Hughes Corp. by 1.1% in the fourth quarter. Rhumbline Advisers now owns 31,349 shares of the company’s stock valued at $3,547,000 after buying an additional 344 shares during the period. ProShare Advisors LLC raised its position in The Howard Hughes Corp. by 11.9% in the fourth quarter. ProShare Advisors LLC now owns 12,915 shares of the company’s stock valued at $1,461,000 after buying an additional 1,375 shares during the period. Vanguard Group Inc. raised its position in The Howard Hughes Corp. by 5.5% in the fourth quarter. Vanguard Group Inc. now owns 2,371,337 shares of the company’s stock valued at $268,341,000 after buying an additional 122,827 shares during the period. Finally, Seizert Capital Partners LLC raised its position in The Howard Hughes Corp. by 21.0% in the fourth quarter. Seizert Capital Partners LLC now owns 141,257 shares of the company’s stock valued at $15,985,000 after buying an additional 24,560 shares during the period.

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

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