Howard Hughes Corporation (The) (NYSE:HHC) has been given an average recommendation of “Hold” by the five brokerages that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $144.33.

Several equities analysts have recently commented on the company. BidaskClub raised Howard Hughes Corporation (The) from a “sell” rating to a “hold” rating in a research note on Saturday, July 1st. Zacks Investment Research lowered Howard Hughes Corporation (The) from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 16th. Finally, BWS Financial assumed coverage on Howard Hughes Corporation (The) in a research note on Thursday, June 8th. They issued a “buy” rating and a $150.00 price target on the stock.

Shares of Howard Hughes Corporation (NYSE:HHC) opened at 115.20 on Friday. Howard Hughes Corporation has a 1-year low of $101.20 and a 1-year high of $131.39. The stock has a market cap of $4.93 billion, a price-to-earnings ratio of 82.17 and a beta of 1.43. The firm has a 50-day moving average price of $120.58 and a 200-day moving average price of $121.39.

Howard Hughes Corporation (The) (NYSE:HHC) last announced its quarterly earnings results on Monday, August 7th. The financial services provider reported $0.07 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 business had revenue of $308.60 million during the quarter, compared to analyst estimates of $217.47 million. During the same period last year, the company earned $0.16 EPS. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. Equities analysts forecast that Howard Hughes Corporation will post $0.89 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of HHC. Nationwide Fund Advisors acquired a new position in Howard Hughes Corporation (The) during the 1st quarter worth about $1,618,000. ProShare Advisors LLC lifted its stake in Howard Hughes Corporation (The) by 4.5% during the 1st quarter. ProShare Advisors LLC now owns 9,890 shares of the financial services provider’s stock worth $1,160,000 after acquiring an additional 425 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in Howard Hughes Corporation (The) during the 1st quarter worth about $2,462,000. State Board of Administration of Florida Retirement System lifted its stake in Howard Hughes Corporation (The) by 0.8% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 52,117 shares of the financial services provider’s stock worth $6,111,000 after acquiring an additional 437 shares in the last quarter. Finally, US Bancorp DE lifted its stake in Howard Hughes Corporation (The) by 15.3% during the 1st quarter. US Bancorp DE now owns 4,801 shares of the financial services provider’s stock worth $563,000 after acquiring an additional 638 shares in the last quarter. 83.91% of the stock is currently owned by hedge funds and other institutional investors.

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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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