Howard Hughes Corp (HHC) is Reiterated by Compass Point to Buy, Raises Price Target to $ 200

Howard Hughes Corp (HHC) was Reiterated by Compass Point to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 200 from a previous price target of $190 . Compass Point advised their investors in a research report released on Apr 21, 2016.

On the company’s financial health, Howard Hughes Corp reported $1.00 EPS for the quarter, beating the analyst consensus estimate by $ 1.08 according to the earnings call on Feb 29, 2016. Analyst had a consensus of $-0.08. The company had revenue of $229.40 million for the quarter, compared to analysts expectations of $124.39 million. The company’s revenue was up 10.8% compared to the same quarter last year.

Howard Hughes Corp opened for trading at $102 and hit $103.22 on the upside on Monday, eventually ending the session at $102.88, with a gain of 0.10% or 0.1 points. The heightened volatility saw the trading volume jump to 1,53,547 shares. Company has a market cap of $4,086 M.

The Howard Hughes Corporation is a developer of master planned communities and mixed use properties. The Company 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. The Company operates its business in three segments: Master Planned Communities (MPC) Operating Assets and Strategic Developments. MPC segment consists of the development and sale of residential land and the development of commercial land to hold develop or sell. Operating Assets segment contains 44 properties investments and other assets that generate revenue consisting primarily of retail office and multi-family properties. Strategic Developments segment consists of 30 development projects.

Howard Hughes Corp

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