The Howard Hughes Corp. (NYSE:HHC) gapped up before the market opened 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 research analysts recently issued reports on HHC shares. Compass Point decreased their price target on shares of The Howard Hughes Corp. from $200.00 to $195.00 and set a “buy” rating on the stock in a report on Monday, May 23rd. Citigroup Inc. started coverage on shares of The Howard Hughes Corp. in a report on Friday, May 13th. They set a “buy” rating and a $165.00 price target on the stock. Finally, TheStreet raised shares of The Howard Hughes Corp. from a “hold” rating to a “buy” rating in a report on Monday, May 2nd.

The firm has a 50 day moving average price of $114.64 and a 200-day moving average price of $104.00. The firm has a market cap of $4.72 billion and a PE ratio of 18.03.

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

Other large investors recently modified their holdings of the company. Carleon Capital Partners LLC bought a new stake in shares of The Howard Hughes Corp. during the fourth quarter worth $1,867,000. Principal Financial Group Inc. boosted its stake 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 worth $106,927,000 after buying an additional 31,406 shares during the period. Wells Fargo & Company MN boosted its stake 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 worth $7,920,000 after buying an additional 15,140 shares during the period. Bank of Montreal Can boosted its stake 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 worth $2,492,000 after buying an additional 19,976 shares during the period. Finally, Vanguard Group Inc. boosted its stake 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 worth $268,341,000 after buying an additional 122,827 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, 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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