The Howard Hughes Corporation owns, manages, and develops commercial, residential, and hospitality operating properties in the United States. It operates through four segments: Operating Assets; Master Planned Communities (MPCs); Seaport District; and Strategic Developments. As of December 31, 2020, the Operating Assets segment owned 15 retail, 33 office, 12 multi-family, 3 hospitality, and 13 other operating assets and investments primarily located in The Woodlands, Texas; Chicago, Illinois; Columbia, Maryland; Las Vegas, Nevada; and Honolulu, Hawaii. The MPCs segment develops and sells detached and attached single family homes, and range from entry-level to luxury homes to residential homebuilders and developers; and sells or leases land for commercial development, including land parcels designated for retail, office, hospitality, and residential projects. The Seaport District segment is involved in the landlord operations, managed businesses, and events and sponsorships. The Strategic Development segment invests in residential condominium and commercial property projects. This segment consists of 18 development or redevelopment projects. The Howard Hughes Corporation was founded in 2010 and is headquartered in Dallas, Texas.
Wall Street Analyst Weigh In
HHC has been the topic of a number of research reports. TheStreet cut shares of Howard Hughes from a "c" rating to a "d+" rating in a research note on Friday, July 1st. StockNews.com upgraded shares of Howard Hughes from a "sell" rating to a "hold" rating in a report on Thursday, August 4th. BMO Capital Markets started coverage on shares of Howard Hughes in a report on Tuesday, July 26th. They issued an "outperform" rating and a $90.00 target price on the stock. Jefferies Financial Group reduced their price objective on shares of Howard Hughes from $127.00 to $90.00 and set a "buy" rating for the company in a research report on Thursday, June 30th. Finally, Piper Sandler reduced their target price on shares of Howard Hughes to $100.00 in a research report on Monday, July 4th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $101.25.
Howard Hughes Stock Up 1.6 %
Howard Hughes stock traded up $1.16 during trading hours on Friday, hitting $73.39. The stock had a trading volume of 228,495 shares, compared to its average volume of 219,240. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 1.39. The stock's 50-day moving average price is $69.36 and its 200-day moving average price is $85.74. Howard Hughes has a 12-month low of $60.04 and a 12-month high of $105.51. The stock has a market capitalization of $3.66 billion, a P/E ratio of 28.01 and a beta of 1.39.