Deutsche Bank AG Reduces 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 stake in Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 59.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,903 shares of the company's stock after selling 53,169 shares during the period. Deutsche Bank AG owned 0.07% of Howard Hughes worth $2,734,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HHH. Brighton Jones LLC bought a new stake in Howard Hughes in the fourth quarter valued at $511,000. Wells Fargo & Company MN increased its position in shares of Howard Hughes by 1.6% during the fourth quarter. Wells Fargo & Company MN now owns 10,707 shares of the company's stock worth $824,000 after acquiring an additional 173 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Howard Hughes by 5.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 13,679 shares of the company's stock worth $1,052,000 after acquiring an additional 683 shares in the last quarter. Invesco Ltd. increased its position in shares of Howard Hughes by 0.4% during the fourth quarter. Invesco Ltd. now owns 85,907 shares of the company's stock worth $6,608,000 after acquiring an additional 332 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Howard Hughes during the fourth quarter worth about $422,000. 93.83% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Howard Hughes Stock Performance

Shares of HHH stock traded up $2.87 during trading on Friday, reaching $75.49. 325,295 shares of the company's stock traded hands, compared to its average volume of 389,925. The company has a market capitalization of $4.48 billion, a P/E ratio of 16.52 and a beta of 1.22. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.85. The firm's 50-day moving average is $70.01 and its 200 day moving average is $70.69. Howard Hughes Holdings Inc. has a 1 year low of $61.40 and a 1 year 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.