Howard Hughes Corporation (The) (NYSE:HHC) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued on Thursday.
Other analysts also recently issued research reports about the stock. BWS Financial initiated coverage on shares of Howard Hughes Corporation (The) in a research report on Thursday, June 8th. They issued a “buy” rating and a $150.00 price objective for the company. Zacks Investment Research downgraded shares of Howard Hughes Corporation (The) from a “hold” rating to a “strong sell” rating in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. Howard Hughes Corporation (The) has a consensus rating of “Hold” and an average price target of $144.33.
Shares of Howard Hughes Corporation (NYSE HHC) opened at 117.94 on Thursday. The firm has a market capitalization of $5.05 billion, a PE ratio of 84.12 and a beta of 1.42. Howard Hughes Corporation has a 52-week low of $101.20 and a 52-week high of $131.39. The company’s 50-day moving average is $122.40 and its 200 day moving average is $120.91.
Howard Hughes Corporation (The) (NYSE:HHC) last issued its quarterly earnings data on Monday, August 7th. The financial services provider reported $0.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.87 by $0.80. Howard Hughes Corporation (The) had a net margin of 5.69% and a return on equity of 4.80%. The firm had revenue of $308.60 million during the quarter, compared to analyst estimates of $217.47 million. During the same period last year, the business earned $0.16 EPS. The firm’s revenue was up 12.8% compared to the same quarter last year. Equities analysts expect that Howard Hughes Corporation will post $2.11 earnings per share for the current fiscal year.
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In other news, EVP Christopher John Curry sold 30,000 shares of the stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $126.62, for a total transaction of $3,798,600.00. Following the completion of the transaction, the executive vice president now directly owns 42,935 shares in the company, valued at approximately $5,436,429.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 20.70% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in HHC. Tower Research Capital LLC TRC purchased a new position in shares of Howard Hughes Corporation (The) during the first quarter valued at about $104,000. Shine Investment Advisory Services Inc. purchased a new position in shares of Howard Hughes Corporation (The) during the second quarter valued at about $122,000. Fiduciary Trust Co. purchased a new position in shares of Howard Hughes Corporation (The) during the second quarter valued at about $123,000. FNY Managed Accounts LLC purchased a new position in shares of Howard Hughes Corporation (The) during the second quarter valued at about $147,000. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Howard Hughes Corporation (The) by 7.2% in the second quarter. The Manufacturers Life Insurance Company now owns 1,212 shares of the financial services provider’s stock valued at $149,000 after buying an additional 81 shares during the period. Institutional investors own 80.41% of the company’s stock.
Howard Hughes Corporation (The) Company Profile
The Howard Hughes Corporation is a developer of master planned communities and mixed use properties. The Company is engaged in the ownership, management and the redevelopment or repositioning of real estate assets, as well as other real estate opportunities in the form of entitled and unentitled land and other development rights, also called Strategic Developments.
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