LDR Capital Management LLC Raises Stock Position in Howard Hughes Holdings Inc. (NYSE:HHH)

LDR Capital Management LLC increased its position in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 25.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,321 shares of the company's stock after purchasing an additional 6,306 shares during the period. Howard Hughes accounts for 2.8% of LDR Capital Management LLC's portfolio, making the stock its 18th largest holding. LDR Capital Management LLC owned 0.06% of Howard Hughes worth $2,320,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC bought a new stake in shares of Howard Hughes during the 4th quarter valued at $511,000. Handelsbanken Fonder AB raised its position in shares of Howard Hughes by 37.6% during the 1st quarter. Handelsbanken Fonder AB now owns 19,758 shares of the company's stock valued at $1,464,000 after purchasing an additional 5,400 shares during the period. Capital Fund Management S.A. bought a new stake in shares of Howard Hughes during the 4th quarter valued at $1,625,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Howard Hughes during the 4th quarter valued at $497,000. Finally, Cerity Partners LLC raised its position in shares of Howard Hughes by 33.5% during the 4th quarter. Cerity Partners LLC now owns 12,271 shares of the company's stock valued at $946,000 after purchasing an additional 3,082 shares during the period. 93.83% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

HHH has been the subject of several research analyst reports. Piper Sandler cut 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 note on Friday, May 23rd. JPMorgan Chase & Co. reduced their price target on shares of Howard Hughes from $84.00 to $82.00 and set an "overweight" rating on the stock in a report on Tuesday, April 29th. Finally, BMO Capital Markets reduced their price target on shares of Howard Hughes from $85.00 to $80.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th.

Howard Hughes Price Performance

NYSE HHH traded down $0.16 on Friday, reaching $69.23. The company had a trading volume of 530,428 shares, compared to its average volume of 363,457. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.84. The stock has a market capitalization of $3.49 billion, a PE ratio of 13.29 and a beta of 1.23. The firm's 50 day moving average price is $68.46 and its 200 day moving average price is $73.01. Howard Hughes Holdings Inc. has a 12 month low of $59.83 and a 12 month high of $87.77.

Howard Hughes (NYSE:HHH - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.13 by $0.08. The company had revenue of $199.33 million for the quarter, compared to the consensus estimate of $187.43 million. Howard Hughes had a net margin of 14.27% and a return on equity of 10.21%. The firm's quarterly revenue was up 27.3% on a year-over-year basis. As a group, equities analysts predict that Howard Hughes Holdings Inc. will post 3.7 earnings per share for the current year.

About Howard Hughes

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.