Howard Hughes Corporation (The) (NYSE:HHC) has received an average rating of “Hold” from the five brokerages that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $144.33.

Several research firms have weighed in on HHC. Zacks Investment Research cut shares of Howard Hughes Corporation (The) from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 16th. BidaskClub cut shares of Howard Hughes Corporation (The) from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 17th. Finally, BWS Financial began coverage on shares of Howard Hughes Corporation (The) in a research report on Thursday, June 8th. They set a “buy” rating and a $150.00 price objective on the stock.

Several institutional investors have recently bought and sold shares of HHC. BlackRock Inc. grew its holdings in shares of Howard Hughes Corporation (The) by 5,170.7% during the 1st quarter. BlackRock Inc. now owns 1,700,839 shares of the financial services provider’s stock valued at $199,423,000 after acquiring an additional 1,668,569 shares in the last quarter. Caledonia Private Investments Pty Ltd grew its holdings in shares of Howard Hughes Corporation (The) by 296.7% during the 2nd quarter. Caledonia Private Investments Pty Ltd now owns 1,000,257 shares of the financial services provider’s stock valued at $122,872,000 after acquiring an additional 748,116 shares in the last quarter. Janus Henderson Group PLC purchased a new position in shares of Howard Hughes Corporation (The) during the 2nd quarter valued at $37,023,000. Epoch Investment Partners Inc. purchased a new position in shares of Howard Hughes Corporation (The) during the 1st quarter valued at $26,618,000. Finally, Vanguard Group Inc. grew its holdings in shares of Howard Hughes Corporation (The) by 5.6% during the 1st quarter. Vanguard Group Inc. now owns 2,777,784 shares of the financial services provider’s stock valued at $325,695,000 after acquiring an additional 146,116 shares in the last quarter. Institutional investors and hedge funds own 83.87% of the company’s stock.

Howard Hughes Corporation (HHC) opened at 118.97 on Thursday. The stock has a market cap of $5.10 billion, a price-to-earnings ratio of 84.86 and a beta of 1.41. The firm’s 50 day moving average price is $116.99 and its 200-day moving average price is $121.47. Howard Hughes Corporation has a 52 week low of $101.20 and a 52 week high of $131.39.

Howard Hughes Corporation (The) (NYSE:HHC) last posted its quarterly earnings data on Monday, August 7th. The financial services provider reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.80). Howard Hughes Corporation (The) had a return on equity of 4.80% and a net margin of 5.69%. The firm had revenue of $308.60 million for the quarter, compared to analysts’ expectations of $217.47 million. During the same quarter in the previous year, the firm posted $0.16 earnings per share. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. Analysts expect that Howard Hughes Corporation will post $1.11 EPS for the current year.

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About Howard Hughes Corporation (The)

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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