Howard Hughes Holdings Inc. (NYSE:HHH) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Howard Hughes Holdings Inc. (NYSE:HHH) have been given a consensus recommendation of “Moderate Buy” by the five ratings firms that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $83.3333.

HHH has been the subject of a number of recent analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Howard Hughes in a report on Wednesday, October 8th. JPMorgan Chase & Co. boosted their price objective on Howard Hughes from $76.00 to $85.00 and gave the company a “neutral” rating in a report on Friday, August 29th. Wall Street Zen cut Howard Hughes from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Finally, Zacks Research upgraded Howard Hughes from a “hold” rating to a “strong-buy” rating in a report on Monday, September 22nd.

Insider Transactions at Howard Hughes

In other Howard Hughes news, Director Anthony Williams sold 1,100 shares of the company’s stock in a transaction on Friday, September 26th. The stock was sold at an average price of $79.58, for a total value of $87,538.00. Following the completion of the sale, the director directly owned 8,102 shares in the company, valued at approximately $644,757.16. This represents a 11.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 48.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Howard Hughes

Hedge funds have recently made changes to their positions in the company. Huntington National Bank increased its position in Howard Hughes by 15.5% during the 2nd quarter. Huntington National Bank now owns 1,079 shares of the company’s stock valued at $73,000 after buying an additional 145 shares in the last quarter. State Board of Administration of Florida Retirement System increased its position in Howard Hughes by 0.5% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 33,098 shares of the company’s stock valued at $2,234,000 after buying an additional 160 shares in the last quarter. Proficio Capital Partners LLC increased its position in Howard Hughes by 1.2% during the 1st quarter. Proficio Capital Partners LLC now owns 14,744 shares of the company’s stock valued at $1,089,000 after buying an additional 170 shares in the last quarter. Teacher Retirement System of Texas increased its position in Howard Hughes by 4.1% during the 2nd quarter. Teacher Retirement System of Texas now owns 4,962 shares of the company’s stock valued at $335,000 after buying an additional 197 shares in the last quarter. Finally, Allworth Financial LP increased its position in Howard Hughes by 134.2% during the 2nd quarter. Allworth Financial LP now owns 363 shares of the company’s stock valued at $25,000 after buying an additional 208 shares in the last quarter. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

Howard Hughes Stock Performance

NYSE HHH opened at $82.16 on Tuesday. The business’s 50 day moving average price is $79.71 and its 200-day moving average price is $72.70. Howard Hughes has a fifty-two week low of $61.40 and a fifty-two week high of $87.77. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.18 and a current ratio of 1.18. The company has a market cap of $4.88 billion, a P/E ratio of 17.98 and a beta of 1.23.

Howard Hughes Company Profile

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.