Howard Hughes (NYSE:HHC) Rating Reaffirmed
Compass Point now has a $190.0 TP on shares of Howard Hughes (NYSE:HHC). The TP implies a potential upside of 60.91% from the stock price of Howard Hughes (NYSE:HHC). This rating was revealed to investors in a note on 8 December.
From a total of 2 analysts covering Howard Hughes (NYSE:HHC) stock, 2 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that 100% of the ratings are positive. The highest target price is $190 while the lowest target price is $170. The mean of all analyst targets is $180 with a 43.97% above today’s ($118.08) stock price. Howard Hughes was the topic of 4 analyst reports since August 14, 2015 according to the firm StockzIntelligence Inc. TheStreet downgraded shares on September 24 to “Sell” rating.
The stock decreased 0.41% or $0.49 during the last trading session, striking $118.08. Approximately shares of stock traded hands. Howard Hughes Corp (NYSE:HHC) has declined 19.99% since May 5, 2015 and is downtrending. It has underperformed by 19.40% the S&P500.
The overall sentiment of institutions has increased to 1.47 in Q2 2015. Its up 0.53, from 0.94 in 2015Q2. The ratio improved, as 22 institutions have sold all the shares of Howard Hughes Corp that they owned while 53 funds have taken shares off the table. 25 funds have purchased shares for the first time while 85 added to their positions. These institutions now hold 41.68 million shares or 28.75% more than the 32.37 million shares they owned in 2015Q2.
The Fund Mad River Investors currently is holding shares equating to 13.07% of its total portfolio in Howard Hughes Corp representing a total of 97,576 shares. Another fund,T2 Partners Management Lp, is holding a total of 51,495 shares equating to 11.73% of their holdings. Additionally, Consulta Ltd has a 900,000 share stake in Howard Hughes Corp which represents 10.9% of their total portfolio. The Fund, Horizon Kinetics Llc, based out of New York, has also built up a stake in the stock, which represents a total of 9.22% of their total portfolio. Finally Jhl Capital Group Llc, a fund which is based in the state of Illinois reported a total holdings of 500,000 shares.
The Howard Hughes Corporation is a developer of master planned communities and mixed use properties. The company has a market cap of $4.71 billion. The Firm is engaged in development of master planned communities and the ownership, management and the redevelopment or repositioning of real estate assets, which are generating revenues, also called Operating Assets, as well as other strategic real estate opportunities in the form of entitled and unentitled land and other development rights, also called Strategic Developments. It has 40.23 P/E ratio. The Firm operates its business in three divisions: Master Planned Communities , Operating Assets and Strategic Developments.
According to Zacks Investment Research, “Howard Hughes Corporation operates as a real estate company engaged in the development of master planned communities and other strategic real estate development opportunities across the United States. The Company operates its business in two lines of business: Master Planned Communities and Strategic Development. Its Master Planned Communities segment consists of the development and sale of residential and commercial land, primarily in large-scale projects in and around Columbia, Maryland; Houston, Texas; and Las Vegas, Nevada. Its Strategic Development segment is made up of near, medium and long-term real estate properties and development projects. Howard Hughes Corporation is headquartered in Wacker Drive, Chicago.” Get a free copy of the Zacks research report on Howard Hughes Corp (HHC).