News stories about Howard Hughes (NYSE:HHC) have been trending somewhat positive on Tuesday, Accern reports. Accern scores the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Howard Hughes earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 47.6438560622368 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
HHC has been the subject of several research analyst reports. Zacks Investment Research lowered Howard Hughes from a “hold” rating to a “sell” rating in a research report on Wednesday, January 24th. Sandler O’Neill set a $140.00 price target on Howard Hughes and gave the stock a “hold” rating in a research report on Thursday, March 8th.
Howard Hughes (NYSE HHC) traded down $0.17 on Tuesday, hitting $136.87. The stock had a trading volume of 289,107 shares, compared to its average volume of 336,648. Howard Hughes has a 1-year low of $113.64 and a 1-year high of $139.50. The stock has a market capitalization of $5,979.95, a price-to-earnings ratio of 35.09 and a beta of 1.29. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.04 and a current ratio of 2.04.
Howard Hughes (NYSE:HHC) last released its quarterly earnings results on Monday, February 26th. The financial services provider reported $3.46 EPS for the quarter, topping the consensus estimate of $0.27 by $3.19. Howard Hughes had a return on equity of 2.52% and a net margin of 15.31%. The business had revenue of $300.98 million during the quarter, compared to analyst estimates of $239.83 million. During the same period last year, the business posted $1.05 earnings per share. The company’s quarterly revenue was up 8.1% on a year-over-year basis. research analysts expect that Howard Hughes will post 1.1 earnings per share for the current year.
In other news, EVP Sarah M. Vasquez sold 7,500 shares of the firm’s stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $134.80, for a total transaction of $1,011,000.00. Following the completion of the transaction, the executive vice president now directly owns 11,582 shares in the company, valued at $1,561,253.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Pershing Square Capital Manage sold 2,500,000 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $127.86, for a total value of $319,650,000.00. The disclosure for this sale can be found here. Company insiders own 20.70% of the company’s stock.
About Howard Hughes
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.
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