Howard Hughes (NYSE:HHH) Price Target Lowered to $82.00 at JPMorgan Chase & Co.

Howard Hughes (NYSE:HHH - Free Report) had its price objective lowered by JPMorgan Chase & Co. from $84.00 to $82.00 in a report published on Tuesday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Howard Hughes Stock Up 1.4 %

HHH traded up $0.96 during trading on Tuesday, reaching $67.50. 183,622 shares of the stock traded hands, compared to its average volume of 311,285. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.08 and a quick ratio of 1.08. Howard Hughes has a fifty-two week low of $59.83 and a fifty-two week high of $87.77. The stock's 50-day simple moving average is $70.90 and its two-hundred day simple moving average is $75.83. The stock has a market cap of $3.40 billion, a price-to-earnings ratio of 44.70 and a beta of 1.21.

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

Institutional Investors Weigh In On Howard Hughes

Hedge funds and other institutional investors have recently bought and sold shares of the business. Rule One Partners LLC acquired a new stake in shares of Howard Hughes in the 3rd quarter valued at $12,544,000. Boyar Asset Management Inc. boosted its holdings in Howard Hughes by 64.8% in the third quarter. Boyar Asset Management Inc. now owns 10,473 shares of the company's stock valued at $811,000 after acquiring an additional 4,119 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Howard Hughes in the third quarter worth about $46,000. JPMorgan Chase & Co. raised its holdings in Howard Hughes by 225.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 487,092 shares of the company's stock worth $37,716,000 after purchasing an additional 337,514 shares during the last quarter. Finally, Sugar Maple Asset Management LLC acquired a new position in Howard Hughes during the 4th quarter valued at about $47,000. 93.83% of the stock is owned by institutional investors and hedge funds.

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.