Howard Hughes (NYSE:HHC) Sets New 12-Month Low at $59.01

Shares of The Howard Hughes Co. (NYSE:HHCGet Rating) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $59.01 and last traded at $59.10, with a volume of 2357 shares traded. The stock had previously closed at $60.83.

Analyst Ratings Changes

HHC has been the subject of several research reports. TheStreet downgraded shares of Howard Hughes from a “c” rating to a “d+” rating in a research report on Friday, July 1st. Piper Sandler lowered their price objective on shares of Howard Hughes to $100.00 in a research report on Monday, July 4th. StockNews.com raised shares of Howard Hughes from a “sell” rating to a “hold” rating in a research report on Thursday, August 4th. BMO Capital Markets initiated coverage on shares of Howard Hughes in a research report on Tuesday, July 26th. They set an “outperform” rating and a $90.00 price objective for the company. Finally, Jefferies Financial Group lowered 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. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $101.25.

Howard Hughes Trading Down 4.7 %

The firm has a market cap of $2.89 billion, a P/E ratio of 22.61 and a beta of 1.39. The business’s 50-day moving average is $68.26 and its two-hundred day moving average is $80.18. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.46 and a quick ratio of 1.46.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in HHC. ACR Alpine Capital Research LLC lifted its stake in Howard Hughes by 0.4% in the first quarter. ACR Alpine Capital Research LLC now owns 31,502 shares of the financial services provider’s stock valued at $3,264,000 after acquiring an additional 115 shares during the last quarter. Advisor Group Holdings Inc. lifted its stake in Howard Hughes by 5.4% in the first quarter. Advisor Group Holdings Inc. now owns 2,711 shares of the financial services provider’s stock valued at $203,000 after acquiring an additional 139 shares during the last quarter. Pinnacle Financial Partners Inc. lifted its stake in Howard Hughes by 0.5% in the first quarter. Pinnacle Financial Partners Inc. now owns 34,325 shares of the financial services provider’s stock valued at $3,557,000 after acquiring an additional 166 shares during the last quarter. Cibc World Markets Corp lifted its stake in Howard Hughes by 0.8% in the first quarter. Cibc World Markets Corp now owns 20,844 shares of the financial services provider’s stock valued at $2,160,000 after acquiring an additional 175 shares during the last quarter. Finally, Blair William & Co. IL lifted its stake in Howard Hughes by 2.2% in the fourth quarter. Blair William & Co. IL now owns 8,315 shares of the financial services provider’s stock valued at $846,000 after acquiring an additional 182 shares during the last quarter. Institutional investors own 95.29% of the company’s stock.

Howard Hughes Company Profile

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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.

Further Reading

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