Howard Hughes (NYSE:HHH – Get Free Report) had its target price raised by research analysts at JPMorgan Chase & Co. from $76.00 to $79.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 9.49% from the company’s previous close.
Several other research firms have also recently weighed in on HHH. Wall Street Zen raised shares of Howard Hughes from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Zacks Research raised shares of Howard Hughes from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Finally, Weiss Ratings lowered Howard Hughes from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 6th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Howard Hughes has a consensus rating of “Reduce” and a consensus target price of $79.00.
View Our Latest Stock Analysis on Howard Hughes
Howard Hughes Price Performance
Howard Hughes (NYSE:HHH – Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.06. The business had revenue of $235.92 million during the quarter. Howard Hughes had a net margin of 8.04% and a return on equity of 5.41%. The company’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same period last year, the business earned $0.21 earnings per share. On average, equities research analysts predict that Howard Hughes will post 3.01 EPS for the current fiscal year.
Insider Activity at Howard Hughes
In other Howard Hughes news, insider James Carman sold 1,500 shares of Howard Hughes stock in a transaction on Friday, May 15th. The shares were sold at an average price of $64.20, for a total value of $96,300.00. Following the completion of the transaction, the insider directly owned 22,096 shares of the company’s stock, valued at $1,418,563.20. This trade represents a 6.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 48.00% of the stock is owned by insiders.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Brighton Jones LLC bought a new position in Howard Hughes in the fourth quarter worth approximately $511,000. M&T Bank Corp bought a new stake in Howard Hughes during the 4th quarter valued at $4,208,000. Annex Advisory Services LLC boosted its position in Howard Hughes by 1,117.5% during the 4th quarter. Annex Advisory Services LLC now owns 181,388 shares of the company’s stock valued at $14,469,000 after acquiring an additional 166,489 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Howard Hughes by 90.5% in the 4th quarter. SG Americas Securities LLC now owns 48,992 shares of the company’s stock valued at $3,908,000 after acquiring an additional 23,276 shares during the period. Finally, Walleye Partners LLC bought a new position in shares of Howard Hughes in the 4th quarter worth $4,549,000. Hedge funds and other institutional investors own 93.83% of the company’s stock.
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. 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.
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