Howard Hughes Corp (HHC) Files Form 4 Insider Buying : David Weinreb Buys 13 Shares

Howard Hughes Corp (HHC): David Weinreb , Chief Executive Officer of Howard Hughes Corp purchased 13 shares on Jun 1, 2016. The Insider buying transaction was reported by the company on Jun 3, 2016 to the Securities and Exchange Commission. The shares were purchased at $109.34 per share for a total value of $1,421.42 , the company said in a SEC Form 4 Filing.

Howard Hughes Corp: On Friday, Jun 3, 2016 heightened volatility was witnessed in Howard Hughes Corp which led to swings in the share price. The shares opened for trading at $111.38 and hit $112.31 on the upside , eventually ending the session at $112.25, with a gain of 0.60% or 0.67 points. The heightened volatility saw the trading volume jump to 1,18,893 shares. The 52-week high of the share price is $149.39 and the company has a market cap of $4,470 M . The 52-week low of the share price is at $79.33.

Howard Hughes Corp Money Flow Index Chart

Company has been under the radar of several Street Analysts.Howard Hughes Corp is Reiterated by Compass Point to Buy while Lowering the Price Target of the company shares to $ 195 from a previous price target of $200 . The Rating was issued on May 23, 2016.Howard Hughes Corp is Initiated by Citigroup to Buy and the brokerage firm has set the Price Target at $165. The Rating was issued on May 13, 2016.Howard Hughes Corp is Reiterated by Compass Point to Buy and the brokerage firm has raised the Price Target to $ 200 from a previous price target of $190 .The Rating was issued on Apr 21, 2016.

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.

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