Howard Hughes Holdings Inc. (NYSE:HHH) Given Average Recommendation of “Hold” by Analysts

Shares of Howard Hughes Holdings Inc. (NYSE:HHH) have been assigned a consensus rating of “Hold” from the five ratings firms that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $83.3333.

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Howard Hughes in a research report on Monday, December 29th.

Howard Hughes Stock Performance

HHH opened at $64.17 on Friday. Howard Hughes has a 1-year low of $61.01 and a 1-year high of $91.07. The company has a market cap of $3.83 billion, a price-to-earnings ratio of 30.41 and a beta of 1.25. The company’s fifty day moving average price is $74.74 and its two-hundred day moving average price is $79.70. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 1.73.

Howard Hughes (NYSE:HHH) last issued its quarterly earnings data on Thursday, February 19th. The company reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $1.26. The firm had revenue of $624.45 million during the quarter. Howard Hughes had a net margin of 8.40% and a return on equity of 5.54%. The firm’s quarterly revenue was down 36.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.25 earnings per share. On average, analysts expect that Howard Hughes will post 3.7 EPS for the current fiscal year.

Insider Activity at Howard Hughes

In related news, General Counsel Joseph Valane acquired 1,260 shares of the stock in a transaction dated Friday, March 13th. The stock was purchased at an average cost of $64.45 per share, with a total value of $81,207.00. Following the completion of the purchase, the general counsel directly owned 29,209 shares in the company, valued at $1,882,520.05. This trade represents a 4.51% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 48.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Howard Hughes

Several institutional investors have recently bought and sold shares of HHH. TD Waterhouse Canada Inc. raised its position in Howard Hughes by 291.0% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 391 shares of the company’s stock valued at $27,000 after buying an additional 291 shares during the last quarter. Global Retirement Partners LLC bought a new position in Howard Hughes during the 3rd quarter valued at $31,000. Signaturefd LLC boosted its holdings in Howard Hughes by 41.5% during the 4th quarter. Signaturefd LLC now owns 423 shares of the company’s stock worth $34,000 after acquiring an additional 124 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Howard Hughes by 191.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 516 shares of the company’s stock worth $35,000 after acquiring an additional 339 shares during the last quarter. Finally, Huntington National Bank grew its stake in shares of Howard Hughes by 134.1% in the 4th quarter. Huntington National Bank now owns 494 shares of the company’s stock worth $39,000 after acquiring an additional 283 shares in the last quarter. Institutional investors own 93.83% of the company’s stock.

About Howard Hughes

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. Its MPCs segment develops, sells, and leases residential and commercial land designated for long-term community development projects in and around Las Vegas, Nevada; Houston, Texas; and Phoenix, Arizona.