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The Howard Hughes Company is expected to earn $3.50 per share in fiscal year 2022. (NYSE:HHC)

The Howard Hughes Company is expected to earn $3.50 per share in fiscal year 2022. (NYSE:HHC)

NYSE: HHC – The Howard Hughes Company Analysts at Jefferies Financial Group, who work for Howard Hughes, published a research report on Wednesday, January 4, predicting the company’s profits per share for the fiscal year 2022. The report was titled “The Howard Hughes Company: Profits per Share for the Fiscal Year 2022.” According to projections made by J. Petersen of Jefferies Financial Group, the earnings per share for the company that provides financial services will amount to $3.50 in the current fiscal year. The current consensus forecast calls for Howard Hughes to post annual earnings of $3.61 per share, which is expected to be the company’s average for the full year. In addition, the Jefferies Financial Group has projected that Howard Hughes will earn $0.91 per share during the fourth quarter of 2022, $0.42 per share during the fiscal year 2023, $3.59 per share during the fiscal year 2024, and $1.15 per share during the fiscal year 2025.
When trading started on Friday, the price of a share of HHC was 76.31 dollars. The price of the stock’s moving average over the past 50 days is $71.40, and over the past 200 days, it is $67.21verage over the past 50 days is $71.40, and over the past 200 days, it is $67.21. The price-to-earnings ratio for the stock is currently 16.10, with a market value of $3.81 billion. The stock’s beta value is currently 1.38. During the last year, the price of Howard Hughes has ranged from a low of $50.90 to a high of $105.51 at various points. Each ratio, including the debt-to-equity ratio, the quick ratio, and the current ratio, comes at 1.30 on its own.
New reports on the company have been released in recent weeks, and several fresh equity analysts have been responsible for their publication. In a report that was made available to the public on November 16, it was stated by Piper Sandler that the price objective for Howard Hughes had been lowered to $80.00. This information was made public. The rating that StockNews.com had previously given for Howard Hughes was changed from “hold” to “sell” on December 30, a Friday. TheStreet moved Howard Hughes from its previous position on November 23, when they upgraded their rating of the company from a “d+” to a “c.” There have been five buy ratings placed on the stock by equity research analysts, whereas there has only been one sell rating on the company’s shares. The information made available by Bloomberg indicates that the stock is currently rated as having a consensus recommendation of “Moderate Buy” and that the average price target is $96.25.
In other news about Howard Hughes, a company director named Pershing Square Capital Manage purchased 5,135 shares on December 28. The total value of the stock was determined to be $383,379.10, with the average price of a single share being determined to be $74.66. Due to the acquisition, the director now directly owns 15,894,116 shares of the company. Based on the current stock price, these shares have a value of approximately $1,186,654,700.56. The transaction was made publicly known to the general public through a filing with the SEC, which can be accessed online. Insiders purchased 2,219,532 company stock during the most recent quarter for a total value of $158,910,530. Company insiders control the total number of active shares to 26.90%.
The holdings of HHC by institutional investors have recently undergone shifts that include both gains and declines. These shifts have occurred relatively recently. During the first three months of 2018, Advisor Group Holdings Inc. increased the amount of Howard Hughes stock owned by 5.4%, bringing the total amount to 100%. Advisor Group Holdings Inc. now has 2,711 shares in the company that provides financial services after purchasing an additional 139 shares during this period. These shares are currently worth $203,000 at the current market price. The amount of Howard Hughes stock held by AMI Investment Management Inc. increased by 53.5% during the first three months of 2018 due to the company’s acquisition of additional shares. AMI Investment Management Inc. now has 29,180 stock held by the financial services provider, valued at $3,023,000, following the acquisition of an additional 10,169 shares during the most recent quarter. During the first quarter, Raymond James & Associates achieved a 2.1% increase in the proportion of Howard Hughes stock they owned. Raymond James & Associates now has 17,359 stock held by the financial services provider after purchasing an additional 362 shares during the most recent quarter. The stock is currently valued at $1,799,000. The Bank of New York Mellon Corporation increased its ownership of Howard Hughes by 0.7% during the first three months of the year by purchasing additional company shares. Bank of New York Mellon Corp now has a total of 142,033 shares of the financial services provider’s stock, which are currently valued at $14,716,000 following the purchase of an additional 989 shares during the most recent quarter.
Last but not least, during the first three months of this year, American Century Companies Inc. increased the proportion of Howard Hughes stock owned by 17.0 percent. American Century Companies Inc. now has 5,632 shares held by the financial services provider after purchasing an additional 818 shares during the most recent quarter. The company’s stock is currently valued at $583,000 due to the combined value of all of the company’s shares.
The Howard Hughes Corporation is based in the United States and is involved in the ownership, management, and development of commercial, residential, and hotel real estate. The company is divided into four distinct business divisions: operating assets, master-planned communities (also known as MPCs), seaport districts, and strategic developments. The Operating Assets division owned 15 retail stores, 33 offices, 12 multi-family buildings, three hotels, and 13 other operating assets and investments as of December 31, 2020. Most of these operating assets and investments were located in The Woodlands, Texas; Chicago, Illinois; Columbia, Maryland; Las Vegas, Nevada; and Honolulu, Hawaii. In addition, the division held ownership of 13 additional investments and operating assets.

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