The Howard Hughes Corp. (NYSE:HHC)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $118.56, but opened at $118.69. The Howard Hughes Corp. shares last traded at $119.82, with a volume of 71,073 shares changing hands.

Several equities analysts have recently weighed in on HHC shares. Compass Point restated a “buy” rating and issued a $200.00 price objective (up previously from $190.00) on shares of The Howard Hughes Corp. in a report on Thursday, April 21st. TheStreet upgraded The Howard Hughes Corp. from a “hold” rating to a “buy” rating in a report on Monday, May 2nd. Finally, Citigroup Inc. started coverage on The Howard Hughes Corp. in a report on Friday, May 13th. They issued a “buy” rating and a $165.00 price objective for the company.

The company has a 50-day moving average price of $114.49 and a 200-day moving average price of $103.89. The firm has a market capitalization of $4.73 billion and a price-to-earnings ratio of 18.08.

The Howard Hughes Corp. (NYSE:HHC) last issued its quarterly earnings results on Monday, May 2nd. The company reported $3.04 EPS for the quarter, beating the Zacks’ consensus estimate of $0.33 by $2.71. During the same period last year, the company posted $0.56 EPS. The firm had revenue of $239.66 million for the quarter, compared to the consensus estimate of $186.95 million. The business’s revenue was up 54.5% compared to the same quarter last year. On average, equities analysts forecast that The Howard Hughes Corp. will post $6.91 EPS for the current fiscal year.

Several institutional investors recently made changes to their positions in the stock. Carleon Capital Partners LLC bought a new position in shares of The Howard Hughes Corp. during the fourth quarter valued at $1,867,000. Principal Financial Group Inc. raised its position in shares of The Howard Hughes Corp. by 3.4% in the fourth quarter. Principal Financial Group Inc. now owns 944,926 shares of the company’s stock valued at $106,927,000 after buying an additional 31,406 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of The Howard Hughes Corp. by 27.6% in the fourth quarter. Wells Fargo & Company MN now owns 69,986 shares of the company’s stock valued at $7,920,000 after buying an additional 15,140 shares in the last quarter. Bank of Montreal Can raised its position in shares of The Howard Hughes Corp. by 979.2% in the fourth quarter. Bank of Montreal Can now owns 22,016 shares of the company’s stock valued at $2,492,000 after buying an additional 19,976 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of 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 in the last quarter.

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, 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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