Howard Hughes Holdings Inc. (NYSE:HHH) Given Consensus Rating of "Buy" by Analysts

Key Points

• Howard Hughes Holdings Inc. (NYSE: HHH) received a consensus recommendation of "Buy" from four analysts, with an average price target of $83.33.
• JPMorgan Chase raised its price target from $76.00 to $85.00, while Zacks Research upgraded the stock to a "strong-buy" rating.
• The stock experienced a 0.5% increase during trading, reaching $84.77, and has a market capitalization of $5.04 billion.

Shares of Howard Hughes Holdings Inc. (NYSE:HHH - Get Free Report) have earned a consensus recommendation of "Buy" from the four research firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $83.3333.

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. upped their price target on Howard Hughes from $76.00 to $85.00 and gave the stock a "neutral" rating in a report on Friday, August 29th. Wall Street Zen downgraded Howard Hughes from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Howard Hughes in a report on Saturday, September 27th. Finally, Zacks Research raised Howard Hughes from a "hold" rating to a "strong-buy" rating in a report on Monday, September 22nd.

Howard Hughes Stock Up 0.5%

Shares of NYSE:HHH traded up $0.46 during trading on Friday, reaching $84.77. 303,530 shares of the stock were exchanged, compared to its average volume of 450,861. The stock has a fifty day moving average of $76.10 and a two-hundred day moving average of $71.56. Howard Hughes has a 1-year low of $61.40 and a 1-year high of $87.77. The firm has a market cap of $5.04 billion, a price-to-earnings ratio of 18.55 and a beta of 1.23. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.18 and a quick ratio of 1.18.

Hedge Funds Weigh In On Howard Hughes

A number of large investors have recently modified their holdings of the company. Osaic Holdings Inc. grew its position in Howard Hughes by 144.1% during the 2nd quarter. Osaic Holdings Inc. now owns 5,482 shares of the company's stock worth $370,000 after acquiring an additional 3,236 shares during the last quarter. State of Wyoming bought a new stake in shares of Howard Hughes in the 2nd quarter worth approximately $135,000. Headlands Technologies LLC bought a new stake in shares of Howard Hughes in the 2nd quarter worth approximately $265,000. Sender Co & Partners Inc. bought a new stake in shares of Howard Hughes in the 2nd quarter worth approximately $234,000. Finally, Two Sigma Securities LLC bought a new stake in shares of Howard Hughes in the 2nd quarter worth approximately $280,000. 93.83% of the stock is owned by hedge funds and other institutional investors.

Howard Hughes Company 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.

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