Howard Hughes Corp (NYSE:HHC) Director Allen J. Model acquired 1,000 shares of the company’s stock in a transaction that occurred on Thursday, November 15th. The stock was bought at an average price of $108.98 per share, with a total value of $108,980.00. Following the acquisition, the director now directly owns 17,062 shares of the company’s stock, valued at approximately $1,859,416.76. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of Howard Hughes stock traded up $0.67 during trading hours on Friday, hitting $109.93. The company’s stock had a trading volume of 281,500 shares, compared to its average volume of 249,239. Howard Hughes Corp has a 12 month low of $104.83 and a 12 month high of $142.36. The company has a market capitalization of $4.69 billion, a P/E ratio of 70.92 and a beta of 1.20. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.28 and a quick ratio of 1.28.

Howard Hughes (NYSE:HHC) last announced its quarterly earnings results on Monday, November 5th. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.08). Howard Hughes had a return on equity of 2.38% and a net margin of 18.75%. The business had revenue of $257.00 million during the quarter, compared to the consensus estimate of $191.77 million. During the same quarter last year, the company earned $0.24 earnings per share. The firm’s revenue was down .8% compared to the same quarter last year. On average, equities analysts anticipate that Howard Hughes Corp will post 1.65 EPS for the current fiscal year.

Institutional investors have recently made changes to their positions in the business. Nisa Investment Advisors LLC bought a new stake in shares of Howard Hughes in the second quarter worth about $130,000. Qube Research & Technologies Ltd bought a new stake in shares of Howard Hughes in the second quarter worth about $132,000. Pinnacle Financial Partners Inc. increased its holdings in shares of Howard Hughes by 339.1% in the third quarter. Pinnacle Financial Partners Inc. now owns 1,335 shares of the financial services provider’s stock worth $166,000 after acquiring an additional 1,031 shares in the last quarter. Summit Financial Strategies Inc. bought a new stake in shares of Howard Hughes in the third quarter worth about $217,000. Finally, CIBC Asset Management Inc bought a new stake in shares of Howard Hughes in the second quarter worth about $222,000. Institutional investors own 85.49% of the company’s stock.

Several equities research analysts have issued reports on the company. Citigroup lowered their price target on Howard Hughes from $160.00 to $157.00 and set a “buy” rating for the company in a report on Monday, August 13th. TheStreet downgraded Howard Hughes from a “b-” rating to a “c+” rating in a report on Tuesday, September 18th. One equities research analyst has rated the stock with a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $160.00.

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Howard Hughes Company Profile

The Howard Hughes Corporation owns, manages, and develops commercial, residential, and mixed-use real estate properties in the United States. It operates in three segments: Master Planned Communities, Operating Assets, and Strategic Developments. The Master Planned Communities segment develops and sells residential and commercial land.

Further Reading: Cost of Capital Explained

Insider Buying and Selling by Quarter for Howard Hughes (NYSE:HHC)

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