LDR Capital Management LLC Buys 6,306 Shares of Howard Hughes Holdings Inc. (NYSE:HHH)

LDR Capital Management LLC increased its stake in Howard Hughes Holdings Inc. (NYSE:HHH) by 25.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,321 shares of the company’s stock after buying an additional 6,306 shares during the period. Howard Hughes accounts for 2.8% of LDR Capital Management LLC’s portfolio, making the stock its 18th largest position. LDR Capital Management LLC owned approximately 0.06% of Howard Hughes worth $2,320,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Jones Financial Companies Lllp bought a new position in Howard Hughes in the fourth quarter worth about $40,000. Huntington National Bank raised its stake in Howard Hughes by 335.5% in the fourth quarter. Huntington National Bank now owns 932 shares of the company’s stock worth $72,000 after buying an additional 718 shares in the last quarter. US Bancorp DE raised its stake in Howard Hughes by 30.7% in the fourth quarter. US Bancorp DE now owns 1,783 shares of the company’s stock worth $137,000 after buying an additional 419 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Howard Hughes by 759.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,725 shares of the company’s stock worth $210,000 after buying an additional 2,408 shares in the last quarter. Finally, Quantinno Capital Management LP bought a new position in Howard Hughes in the fourth quarter worth about $217,000. 93.83% of the stock is owned by institutional investors.

Howard Hughes Trading Down 1.8%

Shares of Howard Hughes stock opened at $69.30 on Wednesday. The company’s fifty day simple moving average is $68.25 and its 200-day simple moving average is $73.36. The stock has a market capitalization of $3.49 billion, a PE ratio of 13.30 and a beta of 1.23. Howard Hughes Holdings Inc. has a 1-year low of $59.83 and a 1-year high of $87.77. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.41 and a quick ratio of 1.41.

Howard Hughes (NYSE:HHH) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.08. The business had revenue of $199.33 million for the quarter, compared to analysts’ expectations of $187.43 million. Howard Hughes had a net margin of 14.27% and a return on equity of 10.21%. The business’s quarterly revenue was up 27.3% compared to the same quarter last year. As a group, equities analysts anticipate that Howard Hughes Holdings Inc. will post 3.7 earnings per share for the current year.

Wall Street Analysts Forecast Growth

HHH has been the subject of a number of analyst reports. Piper Sandler decreased their target price on shares of Howard Hughes from $105.00 to $85.00 and set an “overweight” rating for the company in a research note on Friday, May 23rd. BMO Capital Markets decreased their target price on shares of Howard Hughes from $85.00 to $80.00 and set an “outperform” rating for the company in a research note on Wednesday, May 7th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Howard Hughes from $84.00 to $82.00 and set an “overweight” rating for the company in a research note on Tuesday, April 29th.

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.