BMO Capital Markets Lowers Howard Hughes (NYSE:HHH) Price Target to $80.00

Howard Hughes (NYSE:HHH) had its price objective trimmed by BMO Capital Markets from $85.00 to $80.00 in a research note released on Wednesday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Separately, JPMorgan Chase & Co. lowered their price target on Howard Hughes from $84.00 to $82.00 and set an “overweight” rating for the company in a research report on Tuesday, April 29th.

Howard Hughes Trading Up 2.4 %

HHH opened at $71.57 on Wednesday. Howard Hughes has a fifty-two week low of $59.83 and a fifty-two week high of $87.77. The firm has a market capitalization of $3.61 billion, a PE ratio of 47.40 and a beta of 1.21. The company’s 50-day moving average is $70.28 and its 200 day moving average is $75.61. 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 (NYSE:HHH) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.08. The business had revenue of $199.33 million during the quarter, compared to analyst estimates of $187.43 million. Howard Hughes had a net margin of 6.57% and a return on equity of 3.38%. The firm’s quarterly 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 fiscal year.

Hedge Funds Weigh In On Howard Hughes

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HHH. Jones Financial Companies Lllp purchased a new stake in shares of Howard Hughes in the fourth quarter valued at $40,000. Larson Financial Group LLC lifted its position in shares of Howard Hughes by 2,290.9% during the first quarter. Larson Financial Group LLC now owns 526 shares of the company’s stock valued at $39,000 after buying an additional 504 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Howard Hughes during the 3rd quarter valued at $46,000. Sugar Maple Asset Management LLC acquired a new stake in Howard Hughes in the fourth quarter worth about $47,000. Finally, SBI Securities Co. Ltd. raised its holdings in shares of Howard Hughes by 14,500.0% in the first quarter. SBI Securities Co. Ltd. now owns 876 shares of the company’s stock worth $65,000 after buying an additional 870 shares during the last quarter. 93.83% of the stock is owned by 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.