Howard Hughes Corp (HHC) : Greystone Investment Management scooped up 160 additional shares in Howard Hughes Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 2, 2016. The investment management firm now holds a total of 89,085 shares of Howard Hughes Corp which is valued at $9,352,143.Howard Hughes Corp makes up approximately 3.99% of Greystone Investment Management’s portfolio.
Howard Hughes Corp closed down -0.01 points or -0.01% at $104.98 with 62,114 shares getting traded on Friday. Post opening the session at $104.44, the shares hit an intraday low of $104.22 and an intraday high of $105.4395 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
Other Hedge Funds, Including , Monarch Partners Asset Management sold out all of its stake in HHC during the most recent quarter. The investment firm sold 86,797 shares of HHC which is valued $9,111,949.Tci Wealth Advisors boosted its stake in HHC in the latest quarter, The investment management firm added 27 additional shares and now holds a total of 45 shares of Howard Hughes Corp which is valued at $4,733.Locust Wood Capital Advisers boosted its stake in HHC in the latest quarter, The investment management firm added 99,616 additional shares and now holds a total of 264,413 shares of Howard Hughes Corp which is valued at $27,808,315. Howard Hughes Corp makes up approx 2.95% of Locust Wood Capital Advisers’s portfolio.
On the company’s financial health, Howard Hughes Corp reported $3.04 EPS for the quarter, beating the analyst consensus estimate by $ 2.71 according to the earnings call on May 2, 2016. Analyst had a consensus of $0.33. The company had revenue of $239.66 million for the quarter, compared to analysts expectations of $186.95 million. The company’s revenue was up 54.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS.
Many Wall Street Analysts have commented on Howard Hughes Corp. Company shares were Reiterated by Compass Point on Apr 21, 2016 to “Buy”, Firm has raised the Price Target to $ 200 from a previous price target of $190 .
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.