Howard Hughes Corporation (The) (NYSE:HHC) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

According to Zacks, “Howard Hughes Corporation operates as a real estate company engaged in the development of master planned communities and other strategic real estate development opportunities across the United States. The Company operates its business in two lines of business: Master Planned Communities and Strategic Development. Its Master Planned Communities segment consists of the development and sale of residential and commercial land, primarily in large-scale projects in and around Columbia, Maryland; Houston, Texas; and Las Vegas, Nevada. Its Strategic Development segment is made up of near, medium and long-term real estate properties and development projects. Howard Hughes Corporation is headquartered in Wacker Drive, Chicago. “

Separately, BidaskClub cut Howard Hughes Corporation (The) from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $144.33.

Shares of Howard Hughes Corporation (HHC) traded up 1.86% during midday trading on Wednesday, reaching $121.62. The company’s stock had a trading volume of 212,217 shares. The stock has a market capitalization of $5.21 billion, a P/E ratio of 86.75 and a beta of 1.41. Howard Hughes Corporation has a 12 month low of $101.20 and a 12 month high of $131.39. The stock’s 50-day moving average is $117.12 and its 200 day moving average is $121.58.

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 business had revenue of $308.60 million for the quarter, compared to analyst estimates of $217.47 million. During the same period in the prior year, the firm posted $0.16 EPS. Howard Hughes Corporation (The)’s revenue for the quarter was up 12.8% on a year-over-year basis. On average, analysts expect that Howard Hughes Corporation will post $1.11 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Howard Hughes Corporation (The) (HHC) Upgraded by Zacks Investment Research to Hold” was first reported by American Banking News and is owned by of American Banking News. If you are accessing this report on another publication, it was copied illegally and reposted in violation of United States & international copyright law. The legal version of this report can be viewed at https://www.americanbankingnews.com/2017/10/11/howard-hughes-corporation-the-hhc-upgraded-by-zacks-investment-research-to-hold.html.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. M&T Bank Corp lifted its position in shares of Howard Hughes Corporation (The) by 1.3% during the 2nd quarter. M&T Bank Corp now owns 2,825 shares of the financial services provider’s stock worth $348,000 after purchasing an additional 35 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Howard Hughes Corporation (The) by 0.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 22,520 shares of the financial services provider’s stock worth $2,766,000 after purchasing an additional 77 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Howard Hughes Corporation (The) by 7.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,212 shares of the financial services provider’s stock worth $149,000 after purchasing an additional 81 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Howard Hughes Corporation (The) by 6.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,410 shares of the financial services provider’s stock worth $165,000 after purchasing an additional 82 shares during the last quarter. Finally, Roundview Capital LLC lifted its position in shares of Howard Hughes Corporation (The) by 0.4% during the 2nd quarter. Roundview Capital LLC now owns 25,670 shares of the financial services provider’s stock worth $3,153,000 after purchasing an additional 90 shares during the last quarter. 83.87% of the stock is owned by institutional investors and hedge funds.

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.

Get a free copy of the Zacks research report on Howard Hughes Corporation (The) (HHC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Howard Hughes Corporation (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Howard Hughes Corporation (The) and related companies with MarketBeat.com's FREE daily email newsletter.