Deutsche Bank AG Lowers Stock Position in Howard Hughes Holdings Inc. $HHH

Key Points

• Deutsche Bank AG reduced its stake in Howard Hughes Holdings by 59%, now owning approximately $2.73 million worth of shares.
• Multiple large investors, including Brighton Jones LLC and Handelsbanken Fonder AB, have recently increased their positions in Howard Hughes, reflecting continued institutional interest.
• Analysts have downgraded Howard Hughes, with JPMorgan removing its “overweight” rating and setting a new target price of $76, contributing to a current average rating of "Moderate Buy".

Deutsche Bank AG reduced its position in Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 59.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 36,903 shares of the company's stock after selling 53,169 shares during the quarter. Deutsche Bank AG owned approximately 0.07% of Howard Hughes worth $2,734,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Proficio Capital Partners LLC boosted its stake in shares of Howard Hughes by 1.2% in the 1st quarter. Proficio Capital Partners LLC now owns 14,744 shares of the company's stock valued at $1,089,000 after purchasing an additional 170 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Howard Hughes by 1.6% in the 4th quarter. Wells Fargo & Company MN now owns 10,707 shares of the company's stock valued at $824,000 after purchasing an additional 173 shares during the last quarter. Stifel Financial Corp boosted its stake in shares of Howard Hughes by 4.2% in the 4th quarter. Stifel Financial Corp now owns 5,743 shares of the company's stock valued at $442,000 after purchasing an additional 234 shares during the last quarter. Boyar Asset Management Inc. boosted its stake in shares of Howard Hughes by 2.8% in the 4th quarter. Boyar Asset Management Inc. now owns 10,769 shares of the company's stock valued at $828,000 after purchasing an additional 296 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Howard Hughes by 0.4% in the 4th quarter. Invesco Ltd. now owns 85,907 shares of the company's stock valued at $6,608,000 after purchasing an additional 332 shares during the last quarter. 93.83% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

HHH has been the topic of several research analyst reports. Wall Street Zen lowered shares of Howard Hughes from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. BMO Capital Markets cut their target price on shares of Howard Hughes from $85.00 to $80.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. Piper Sandler cut their target price on shares of Howard Hughes from $105.00 to $85.00 and set an "overweight" rating on the stock in a research note on Friday, May 23rd. Finally, JPMorgan Chase & Co. lowered shares of Howard Hughes from an "overweight" rating to a "neutral" rating and cut their target price for the stock from $82.00 to $76.00 in a research note on Monday, June 23rd. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $80.33.

Howard Hughes Stock Down 0.5%

Shares of HHH stock traded down $0.38 on Monday, hitting $75.11. The stock had a trading volume of 289,400 shares, compared to its average volume of 389,864. The business has a 50 day moving average of $70.11 and a 200 day moving average of $70.63. The stock has a market cap of $4.46 billion, a price-to-earnings ratio of 16.44 and a beta of 1.22. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.18 and a quick ratio of 1.18. Howard Hughes Holdings Inc. has a 12-month low of $61.40 and a 12-month high of $87.77.

Howard Hughes 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.