Piper Sandler Lowers Howard Hughes (NYSE:HHH) Price Target to $85.00

Howard Hughes (NYSE:HHH - Get Free Report) had its price objective cut by equities researchers at Piper Sandler from $105.00 to $85.00 in a research note issued on Friday,Benzinga reports. The firm presently has an "overweight" rating on the stock. Piper Sandler's price target indicates a potential upside of 28.04% from the stock's previous close.

A number of other equities research analysts have also recently weighed in on HHH. JPMorgan Chase & Co. reduced their price target on shares of Howard Hughes from $84.00 to $82.00 and set an "overweight" rating for the company in a research report on Tuesday, April 29th. BMO Capital Markets reduced their target price on Howard Hughes from $85.00 to $80.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th.

Howard Hughes Trading Down 1.0%

Shares of Howard Hughes stock opened at $66.38 on Friday. The stock has a 50 day moving average of $69.46 and a 200 day moving average of $75.21. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a market capitalization of $3.35 billion, a price-to-earnings ratio of 44.04 and a beta of 1.21. Howard Hughes has a fifty-two week low of $59.83 and a fifty-two week high of $87.77.

Howard Hughes (NYSE:HHH - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.21 earnings per share for the quarter, topping analysts' consensus estimates of $0.13 by $0.08. Howard Hughes had a net margin of 6.57% and a return on equity of 3.38%. The firm had revenue of $199.33 million during the quarter, compared to analysts' expectations of $187.43 million. The company's revenue was up 27.3% compared to the same quarter last year. As a group, research analysts predict that Howard Hughes will post 3.7 earnings per share for the current year.

Institutional Investors Weigh In On Howard Hughes

A number of institutional investors have recently added to or reduced their stakes in HHH. Caitong International Asset Management Co. Ltd lifted its holdings in Howard Hughes by 910.3% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 394 shares of the company's stock valued at $29,000 after purchasing an additional 355 shares during the last quarter. National Bank of Canada FI acquired a new position in shares of Howard Hughes in the 1st quarter worth approximately $37,000. Larson Financial Group LLC grew its position in Howard Hughes by 2,290.9% during the 1st quarter. Larson Financial Group LLC now owns 526 shares of the company's stock worth $39,000 after acquiring an additional 504 shares during the last quarter. Jones Financial Companies Lllp bought a new stake in Howard Hughes during the 4th quarter worth approximately $40,000. Finally, SBI Securities Co. Ltd. raised its position in Howard Hughes by 14,500.0% in 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 last quarter. 93.83% of the stock is owned by institutional investors and hedge funds.

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.

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