JPMorgan Chase & Co. Has Lowered Expectations for Howard Hughes (NYSE:HHH) Stock Price

Howard Hughes (NYSE:HHH - Free Report) had its target price decreased by JPMorgan Chase & Co. from $84.00 to $82.00 in a research note issued to investors on Tuesday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Howard Hughes Price Performance

Shares of Howard Hughes stock traded up $0.96 on Tuesday, hitting $67.50. The company had a trading volume of 183,622 shares, compared to its average volume of 310,983. Howard Hughes has a 52 week low of $59.83 and a 52 week high of $87.77. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.08 and a quick ratio of 1.08. The business has a 50-day simple moving average of $70.90 and a 200-day simple moving average of $75.82. The company has a market cap of $3.40 billion, a PE ratio of 44.70 and a beta of 1.21.

Howard Hughes (NYSE:HHH - Get Free Report) last released its earnings results on Wednesday, February 26th. The company reported $3.25 EPS for the quarter, beating the consensus estimate of $2.85 by $0.40. The business had revenue of $983.59 million during the quarter, compared to analyst estimates of $949.18 million. Howard Hughes had a net margin of 6.57% and a return on equity of 3.38%. Research analysts expect that Howard Hughes will post 3.7 EPS for the current fiscal year.

Institutional Trading of Howard Hughes

Hedge funds have recently bought and sold shares of the company. Pin Oak Investment Advisors Inc. raised its holdings in shares of Howard Hughes by 0.3% during the fourth quarter. Pin Oak Investment Advisors Inc. now owns 53,135 shares of the company's stock valued at $4,114,000 after acquiring an additional 144 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Howard Hughes by 1.6% in the fourth 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 in the last quarter. Stifel Financial Corp lifted its holdings in shares of Howard Hughes by 4.2% in the fourth quarter. Stifel Financial Corp now owns 5,743 shares of the company's stock valued at $442,000 after purchasing an additional 234 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Howard Hughes by 6.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 3,963 shares of the company's stock worth $305,000 after buying an additional 250 shares during the period. Finally, Boyar Asset Management Inc. raised its position in Howard Hughes by 2.8% during the fourth quarter. Boyar Asset Management Inc. now owns 10,769 shares of the company's stock valued at $828,000 after buying an additional 296 shares during the period. 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.