Uniplan Investment Counsel Inc. Sells 3,263 Shares of Howard Hughes Holdings Inc. $HHH

Key Points

• Uniplan Investment Counsel Inc. decreased its stake in Howard Hughes Holdings Inc. by 6.4%, owning 48,053 shares valued at approximately $3.56 million.
• A number of institutional investors have increased their investments in Howard Hughes, with Millennium Management LLC raising its stake by a significant 2,368.8% during the first quarter.
• Analysts have mixed opinions on Howard Hughes, with JPMorgan raising the price target from $76 to $85 while others have dropped their ratings to "hold" or "sell", leading to a consensus rating of "Moderate Buy".

Uniplan Investment Counsel Inc. lowered its stake in Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) by 6.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,053 shares of the company's stock after selling 3,263 shares during the quarter. Uniplan Investment Counsel Inc. owned about 0.10% of Howard Hughes worth $3,560,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd raised its stake in shares of Howard Hughes by 910.3% in the first quarter. Caitong International Asset Management Co. Ltd now owns 394 shares of the company's stock worth $29,000 after buying an additional 355 shares during the period. National Bank of Canada FI bought a new stake in Howard Hughes during the 1st quarter valued at approximately $37,000. Larson Financial Group LLC raised its stake in Howard Hughes by 2,290.9% during the 1st quarter. Larson Financial Group LLC now owns 526 shares of the company's stock valued at $39,000 after purchasing an additional 504 shares during the period. SBI Securities Co. Ltd. raised its stake in Howard Hughes by 14,500.0% during the 1st quarter. SBI Securities Co. Ltd. now owns 876 shares of the company's stock valued at $65,000 after purchasing an additional 870 shares during the period. Finally, Whittier Trust Co. bought a new stake in Howard Hughes during the 1st quarter valued at approximately $161,000. Institutional investors own 93.83% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on HHH shares. Piper Sandler decreased their target price on Howard Hughes from $105.00 to $85.00 and set an "overweight" rating on the stock in a research note on Friday, May 23rd. Wall Street Zen lowered Howard Hughes from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. JPMorgan Chase & Co. raised their price objective on Howard Hughes from $76.00 to $85.00 and gave the company a "neutral" rating in a research report on Friday, August 29th. Finally, Zacks Research lowered Howard Hughes from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 22nd. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $83.33.

Howard Hughes Trading Up 0.6%

HHH stock traded up $0.51 during trading on Friday, hitting $82.16. The company had a trading volume of 176,555 shares, compared to its average volume of 456,992. The company has a 50 day simple moving average of $72.43 and a 200-day simple moving average of $70.87. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.85. Howard Hughes Holdings Inc. has a 52-week low of $61.40 and a 52-week high of $87.77. The firm has a market capitalization of $4.88 billion, a P/E ratio of 17.99 and a beta of 1.21.

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.