|Bid||0.00 x 2200|
|Ask||0.00 x 900|
|Day's Range||46.46 - 52.12|
|52 Week Range||35.10 - 135.42|
|Beta (5Y Monthly)||1.80|
|PE Ratio (TTM)||29.61|
|Earnings Date||May 03, 2020 - May 07, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||108.50|
Francis Cofran will oversee commercial real estate operations in the master-planned community for The Howard Hughes Corp. (NYSE: HHC).
Details the CEO buys this past week for the following companies: OPKO Health, MGM Resorts International, Sunstone Hotel Investors, The Howard Hughes Corp. and Schlumberger Continue reading...
Vintage Capital took an 11.6% stake in burger chain Red Robin. Pershing Square increased an investment in Howard Hughes by half a billion dollars.
Howard Hughes Corp. has put a halt on some construction and postponed plans related to restructuring the company, citing the economic fallout caused by the ongoing COVID-19 coronavirus pandemic.
The $356.8 million construction loan with a three-year term with a one-year extension is being led locally by First Hawaiian Bank, Central Pacific Bank and American Savings Bank.
The Howard Hughes Corporation® (NYSE: HHC) announced today its recent closing on two loans totaling over $490 million. A $356.8 million construction loan was secured at Ward Village® for its sixth residential mixed-use development, Kō'ula, reflecting continued strong demand to live in the acclaimed 60-acre master planned community transforming Oahu. In addition, a $137 million, 5-year term loan was secured for 9950 Woodloch Forest Drive, one of two premier Class AAA towers in The Woodlands® comprising the newly rebranded The Woodlands Towers at The Waterway.
The Howard Hughes Corporation (NYSE:HHC), which is in the real estate business, and is based in United States...
Billionaire hedge fund manager Bill Ackman stated that President Donald Trump should launch the biggest-ever infrastructure program to help the U.S. economy recover from the repercussions of the coronavirus outbreak.“Roads, bridges, and other infrastructure involve outdoor work that allows for social distancing,” said Ackman on Twitter. “We can finance the infrastructure with near zero cost long-term financing. Building costs will be lower because of lower commodity prices and less competition for labor.”The appeal comes after Ackman said over the weekend that the hedge fund he manages, Pershing Square Capital Management, invested $500 million to increase its stake in Howard Hughes Corp. (HHC), one of the largest real estate development companies in the US, on Friday.Alexander Goldfarb, four-star analyst at Piper Sandler, last week downgraded Howard Hughes’ rating to Hold from Buy. Sandler’s $55 price target suggests little potential for gains in the next 12 months, with the stock priced at $55.61 as of March 27. (See Howard Hughes stock analysis on TipRanks)Related News: Billionaire Ackman Says Pershing No Longer Has Hedges, But Cash For Stock Investments Hedge Fund Billionaire Ackman Denies TV Interview Helped $2.6 Billion Hedge Trade Profit Hedge Fund Billionaire Ackman Says Stocks to Soar on US Lockdown Prospect More recent articles from Smarter Analyst: * Tesla: Despite Record Q1 Numbers, Uncertainty Looms Ahead * Is 14% Potential Upside Good Enough to Risk Buying Zoom Stock? This Analyst Says Yes * GlaxoSmithKline, Vir Biotech Team Up in Hunt For Coronavirus Treatment * This Penny Stock Joins the Fight Against Coronavirus; Analyst Sees Triple-Digit Upside
The Howard Hughes Corporation® (NYSE: HHC) (the "Company") today announced that it has priced an underwritten public offering of 2,000,000 shares of the Company's common stock (the "Offered Shares"), at a price per share to the public of $50, for estimated aggregate net proceeds (after deducting estimated underwriting discounts and commissions and estimated offering expenses) of $94,000,000. The Company also has granted the joint bookrunners an option to purchase an additional 300,000 shares of common stock at the same price.
Howard Hughes Corp. said Friday it has launched a public offering of common stock, but did not provide details on the amount. The real estate management company said Pershing Square Capital Management has indicated that it intends to purchase, in a concurrent private placement, up to $500 million worth of shares. Pershing was the the company's fourth-largest shareholder, with a 5.1% stake, according to FactSet data. Howard Hughes expects to use the proceeds from the public sale of shares and the private offering to strengthen its balance sheet and for general corporate purposes. The stock, which was still inactive in premarket trading, has tumbled 57.3% over the past three months to close Thursday with a market capitalization of $2.28 billion. The S&P 500 has lost 18.8% over the same time.
The Howard Hughes Corporation® (NYSE: HHC) (the "Company") today announced the launch of a public offering of the Company's common stock. The Company will grant the joint bookrunners an option to purchase up to an additional 15% of the shares of common stock sold in the offering.
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
A midstream oil partnership based in The Woodlands has entered into a lease with The Howard Hughes Corp. to move its headquarters into the top five floors of one of two towers formerly owned by Anadarko Petroleum.
The Howard Hughes Corporation® (NYSE: HHC) has announced today that Western Midstream Partners, LP (NYSE: WES) has signed a 133,948-square-foot lease for the top five floors of 9950 Woodloch Forest Drive, one of two premier Class AAA towers in The Woodlands® comprising the newly rebranded The Woodlands Towers at The Waterway. The Howard Hughes Corporation acquired the two towers (formerly Anadarko Petroleum Corporation Headquarters) totaling approximately 1.4 million square feet of office space from Occidental Petroleum in late 2019. With this agreement, 9950 Woodloch Forest Drive is now 35% leased, with HHC's corporate headquarters set to relocate to the building later this year. The Howard Hughes Corporation previously announced that the entire 808,000-square-foot 1201 Lake Robbins Drive building has been leased for thirteen years to Occidental.
The plan to divest $2 billion worth of noncore assets was announced in October, when Howard Hughes Corp. also announced it would move its headquarters from Dallas to The Woodlands.
The Howard Hughes Corporation® (NYSE: HHC) announced today the sale of the 208,000-square-foot building in The Woodlands® that is home to MD Anderson The Woodlands at a price of $115 million. With net proceeds of $64 million, the sale marks a gain of $52 million on a cash basis and is expected to result in a gain of approximately $39 million on a GAAP basis. In addition, this sale was done on a tax-free basis for federal income tax purposes as part of a reverse 1031 exchange involving the company's December purchase from Occidental of two Class AAA office towers, recently rebranded as The Woodlands Towers at The Waterway.
The lawsuit filed in 1st Circuit Court in Honolulu on Monday by the Association of Unit Owners of 988 Halekauwila, the project’s original name, said that the association was forced to raise maintenance fees by 53.44%.
The Howard Hughes Corporation® (NYSE: HHC) announced today that Chief Executive Officer, Paul Layne, will lead a presentation regarding the Company's business to the investment community at the Citi Global Property CEO Conference in Hollywood, FL on Tuesday, March 3, 2020, at 7:30 am ET.
The Howard Hughes Corp. (NYSE: HHC) said in its fourth-quarter earnings report Thursday that it had executed contracts for 185 units at Victoria Place, its seventh Hawaii tower, as of Feb. 21.
The Howard Hughes Corporation® (NYSE: HHC) (the "Company," "HHC" or "we") announced today operating results for the year and fourth quarter ended December 31, 2019. The financial statements, exhibits and reconciliations of non-GAAP measures, as available through the Investors section of our website, provide further details of these results.
The Howard Hughes Corporation® (NYSE: HHC) announced today that Chief Executive Officer, Paul Layne, will lead a presentation regarding the Company's business to the investment community at the Citi Global Property CEO Conference in Hollywood, FL on Wednesday, March 4, 2020, at 11:30 am ET.