HHC - The Howard Hughes Corporation

NYSE - NYSE Delayed Price. Currency in USD
48.15
-1.71 (-3.43%)
At close: 4:00PM EDT

48.15 0.00 (0.00%)
After hours: 4:15PM EDT

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Bearishpattern detected
Price Crosses Moving Average

Price Crosses Moving Average

Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close49.86
Open49.68
Bid46.50 x 1400
Ask48.28 x 1400
Day's Range46.70 - 49.68
52 Week Range35.10 - 135.42
Volume601,182
Avg. Volume675,609
Market Cap2.645B
Beta (5Y Monthly)1.62
PE Ratio (TTM)N/A
EPS (TTM)-1.92
Earnings DateAug 03, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est96.00
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
Overvalued
-25% Est. Return
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  • The Howard Hughes Corporation® Announces Dates And Times For Second-Quarter 2020 Earnings Release And Conference Call
    PR Newswire

    The Howard Hughes Corporation® Announces Dates And Times For Second-Quarter 2020 Earnings Release And Conference Call

    The Howard Hughes Corporation® (NYSE: HHC) announced today that it will release 2020 second-quarter earnings on Monday, August 3, 2020, after the market closes and will hold its second-quarter conference call on Tuesday, August 4, 2020, at 10:00 a.m. Eastern Time. The Company's earnings release will be posted to the Investors section of the Company's website prior to the conference call.

  • David O'Reilly Named President Of The Howard Hughes Corporation®
    PR Newswire

    David O'Reilly Named President Of The Howard Hughes Corporation®

    The Howard Hughes Corporation® (NYSE: HHC) today announced that Chief Financial Officer David O'Reilly has been appointed President of the Company. Mr. O'Reilly will also continue to serve as the Company's CFO, a position he has held since joining The Howard Hughes Corporation in 2016. As President, he will take an expanded role in the leadership of the publicly traded, award-winning real estate development company.

  • The Howard Hughes Corporation (HHC): Ackman’s Buying, Others Not So Much
    Insider Monkey

    The Howard Hughes Corporation (HHC): Ackman’s Buying, Others Not So Much

    In this article we will check out the progression of hedge fund sentiment towards The Howard Hughes Corporation (NYSE:HHC) and determine whether it is a good investment right now. We at Insider Monkey like to examine what billionaires and hedge funds think of a company before spending days of research on it. Given their 2 […]

  • Bill Ackman Sells Howard Hughes Shares After Big 1st-Quarter Buy
    GuruFocus.com

    Bill Ackman Sells Howard Hughes Shares After Big 1st-Quarter Buy

    Seeing a loss, activist guru leans out the holding of the Texas real estate company Continue reading...

  • 3 Dirt-Cheap Stocks Billionaires Are Buying
    Motley Fool

    3 Dirt-Cheap Stocks Billionaires Are Buying

    Some of the most successful investors in the world have loaded up on these three beaten-down stocks recently.

  • Why hedge-fund manager Bill Ackman says he dumped Berkshire Hathaway but held on to these winners
    MarketWatch

    Why hedge-fund manager Bill Ackman says he dumped Berkshire Hathaway but held on to these winners

    Pershing Square Capital Management hedge-fund manager Bill Ackman told investors on a call on Wednesday that he is dumping Warren Buffett’s Berkshire Hathaway. The stocks he bought more of and is keeping are worth paying attention to.

  • Thomson Reuters StreetEvents

    Edited Transcript of HHC earnings conference call or presentation 12-May-20 2:00pm GMT

    Q1 2020 Howard Hughes Corp Earnings Call

  • Bill Ackman Adds 2 Stocks to Portfolio, Expands Agilent and Howard Hughes Stakes
    GuruFocus.com

    Bill Ackman Adds 2 Stocks to Portfolio, Expands Agilent and Howard Hughes Stakes

    Activist investor releases 1st-quarter portfolio Continue reading...

  • GuruFocus.com

    Bill Ackman Bulks Up on Top Positions After $2.6 Billion Payoff

    A look at what stocks Ackman was buying the first quarter of 2020 Continue reading...

  • Billionaire Ackman Takes New Bet On Blackstone, Trims Chipotle Stake
    SmarterAnalyst

    Billionaire Ackman Takes New Bet On Blackstone, Trims Chipotle Stake

    Billionaire hedge fund manager Bill Ackman’s Pershing Square Capital Management Ltd. has bought a $25 million stake in private equity firm Blackstone Group Inc. (BX) in the first quarter.Pershing Square said it built a position of almost 549,000 shares of Blackstone, according to a SEC filing. In addition, the billionaire’s portfolio disclosed a new position in Park Hotels & Resorts Inc. (PK), in which it bought 678,000 shares, valued at about $5.4 million, as of March 31.Shares in Blackstone this year slumped as much as 35% as of March 23. However, since then the stock has seen a nice recovery soaring 42% and trading at $51.07 as of Friday. In the first quarter of the year, Park Hotels shares have lost as much as 81%.The hedge fund manager has also taken some profits. During the first quarter, Pershing divested about 32% of the portfolio’s stake in Chipotle Mexican Grill (CMG). The value of the burrito chain’s shares has more than doubled in the past two months. Furthermore, Ackman bumped up investments in current holdings, including Starbucks (SBUX), Agilent Technologies Inc. (A), Lowes Companies (LOW) and Restaurant Brands International (QSR).Despite strong stock market volatility triggered by the coronavirus pandemic, Pershing’s portfolio this year returned 16.5% on its investments as of May 12.At the beginning of the year, billionaire investor Ackman moved to protect the firm’s stock portfolio against coronavirus-related panic selling in markets by buying credit default swaps. Pershing Square yielded a stellar $2.6 billion from hedging its stock portfolio through the credit protection. Most of the return was invested in buying more shares of the fund’s portfolio companies including, Hilton Worldwide Holdings Inc. (HLT) and Warren Buffet’s Berkshire Hathaway (BRK.A).Ackman is this year also upbeat about investment into infrastructure projects helping the U.S. economy recover from the repercussions of the coronavirus outbreak. In March, Pershing invested $500 million in Howard Hughes Corp. (HHC), one of the largest real estate development companies in the US.Last week, both Brian Bedell at Deutsche Bank and Christopher Harris at Wells Fargo raised Blackstone’s price target to $47 and $63 respectively from $43 and $58 previously. Bedell has a Hold rating on the stock while Harris views it as a Buy.Overall, TipRanks data shows that Wall Street analysts are cautiously optimistic about the shares with 8 Buys and 4 Holds adding up to a Moderate Buy consensus. The $54.10 average price target implies 5.9% upside potential over the coming year. (See Blackstone stock analysis on TipRanks).Related News: Buffett’s Berkshire Shaves Off 84% Of Its Goldman Sachs Stake Carl Icahn Initiates Position in Delek US Holdings, Boosts Occidental Petroleum Is Royal Caribbean Cruises (RCL) Stock a Buy? This Analyst Says Yes More recent articles from Smarter Analyst: * Apple China Sales On Recovery Path In April, iPhone Sales Jump 160% - Report * Vermilion Energy CEO Steps Down With Immediate Effect * American Airlines and Others Given Go-Ahead to Reduce Route Coverage * Facebook Workplace Hits 5 Million Paid Users As Remote Work Demand Rises

  • Shorn Like A Sheep: One Analyst Just Shaved Their The Howard Hughes Corporation (NYSE:HHC) Forecasts Dramatically
    Simply Wall St.

    Shorn Like A Sheep: One Analyst Just Shaved Their The Howard Hughes Corporation (NYSE:HHC) Forecasts Dramatically

    Today is shaping up negative for The Howard Hughes Corporation (NYSE:HHC) shareholders, with the covering analyst...

  • The Howard Hughes Corporation (NYSE:HHC) Just Reported And Analysts Have Been Cutting Their Estimates
    Simply Wall St.

    The Howard Hughes Corporation (NYSE:HHC) Just Reported And Analysts Have Been Cutting Their Estimates

    It's shaping up to be a tough period for The Howard Hughes Corporation (NYSE:HHC), which a week ago released some...

  • The Howard Hughes Corp (HHC) Q1 2020 Earnings Call Transcript
    Motley Fool

    The Howard Hughes Corp (HHC) Q1 2020 Earnings Call Transcript

    HHC earnings call for the period ending March 31, 2020.

  • Howard Hughes (HHC) Reports Q1 Loss, Misses Revenue Estimates
    Zacks

    Howard Hughes (HHC) Reports Q1 Loss, Misses Revenue Estimates

    Howard Hughes (HHC) delivered earnings and revenue surprises of -700.00% and -25.82%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

  • The Howard Hughes Corporation® Reports First Quarter 2020 Results
    PR Newswire

    The Howard Hughes Corporation® Reports First Quarter 2020 Results

    The Howard Hughes Corporation® (NYSE: HHC) (the "Company," "HHC" or "we") announced today operating results for the first quarter ended March 31, 2020. The financial statements, exhibits and reconciliations of non-GAAP measures in the attached Appendix and the Supplemental Information, as available through the Investors section of our website, provide further details of these results.

  • Does The Howard Hughes Corporation's (NYSE:HHC) Past Performance Indicate A Stronger Future?
    Simply Wall St.

    Does The Howard Hughes Corporation's (NYSE:HHC) Past Performance Indicate A Stronger Future?

    When The Howard Hughes Corporation (NYSE:HHC) announced its most recent earnings (31 December 2019), I compared it...

  • Billionaire Bill Ackman Picks up These 2 Stocks as Markets Recover
    TipRanks

    Billionaire Bill Ackman Picks up These 2 Stocks as Markets Recover

    Billionaire Bill Ackman is growing increasingly optimistic. After warning “hell is coming” back in March, the highly-respected stock picker has started singing a different tune, arguing that the possibility of hydroxychloroquine and antibiotic treatments, the ramping up of antibody tests, government stimulus and low interest rates are encouraging signs.It’s no wonder market watchers track Ackman’s moves religiously. The CEO of investment firm Pershing Square Capital Management was able to take $27 million and turn it into $2.6 billion using a series of credit-default swaps just last February. How does he do it? Before Ackman even thinks about pulling the trigger on an investment, he relies on a comprehensive three-pronged strategy to determine the strength of the opportunity.“The most important thing for us is that the business quality is extremely high. It's got to be what we call a simple, predictable free cash flow generative business,” Ackman explained. The approach also involves taking a long-term holistic view of a stock as well as comparing the price to the intrinsic value, with his methodology resembling that of fellow investing guru Warren Buffet.Looking to Ackman for inspiration, we ran two stocks the hedge fund manager snapped up recently through TipRanks’ database to get the analyst community’s take on them. It turns out that the billionaire isn’t the only bull as each name is Buy-rated.Restaurant Brands International (QSR)The name Restaurant Brands International might not ring any bells, but the names of its restaurant chains, which include the likes of Burger King, Popeyes and Tim Hortons, definitely will. After gaining an additional vote of confidence from Ackman, the stock has made its way onto the Street’s radar.In a May 4 filing, Pershing Square disclosed that it added even more shares to its QSR holding, 9,086,895 to be exact, with a spokesperson for the firm calling the name “undervalued” and “an attractive investment.” This purchase increased its position by 45.5%, and as a result, the firm now owns 9.6% of the company.QSR also counts several Wall Street analysts as fans. Oppenheimer’s Brian Bittner is among those singing the company’s praises. The five-star analyst calls QSR his “top large-cap pick”, with it boasting one of the best risk/reward profiles in his coverage universe.Expounding on this, Bittner stated, “QSR currently represents our top large-cap pick. An analysis of updated 2021 estimates across peers suggests QSR now trades at a 27% discount despite having the lowest earnings risk vs. consensus, in our view. And while its above-average growth algorithm remains overlooked, its Popeyes brand is becoming particularly underappreciated as the business could soon pass Tim Horton's in size with explosive runway for further upside.”Looking at its Popeyes segment, Bittner points out that the chain is already returning to pre-COVID-19 levels, or 20-30%-plus. In addition, while comps were flat in the last two weeks of March, its competitors were down 30%-plus. The analyst argues that it’s also very possible that Wall Street’s estimates for sales will get a lift.When it comes to the Tim Hortons brand, Bittner acknowledges that investors have been concerned about this aspect of the business. However, the analyst isn’t surprised by the recent weakness as COVID-19 has altered morning routines, and like other coffee chains, a rebound is expected in 2021. This prompted him to comment, “We believe investor worries around Tim Hortons issues do not justify the current disconnect in shares and we recommend taking advantage.”As Burger King is also showing signs of an improvement, the deal is sealed for Bittner. The analyst kept both an Outperform rating (i.e. Buy) and $60 price target on the stock, implying 23% upside potential from current levels. (To watch Bittner’s track record, click here)In general, the rest of the Street agrees with Bittner. With 15 Buys and 3 Holds, the word on the Street is that QSR is a Strong Buy. At $59.47, the average price target brings the upside potential to 21%. (See QSR stock analysis on TipRanks)Howard Hughes Corporation (HHC)With over 80,880 acres of land, Howard Hughes develops master planned communities where it owns and operates mixed-use, office, retail, multi-family and hospitality properties. While Ackman doesn’t dispute the fact that the company has “significant short-term exposure” to the COVID-19 pandemic, he thinks the current valuation presents an exciting opportunity.To this end, Pershing Square boosted its HHC holding, which previously came in at 6,384,239 shares, by a whopping 156.7%. Disclosing the buy on March 31, the firm went in on 10,002,596 shares, giving it a 29.8% stake.BWS Financial analyst Vahid Khorsand also has high hopes for the company. The driver of his bullish thesis? Khorsand cites the company's March 27 capital raise, which included a share offering of 12 million shares and ultimately raised $582 million. It should be noted that it was during this offering that Ackman’s firm purchased the shares.Like other players in the industry, HHC has faced COVID-19-induced headwinds related to generating revenue from its hospitality assets, selling land and collecting rent, but Khorsand argues that this capital frees up the balance sheet and acts as a “capital cushion that could allow it to absorb a decline in revenue while completing projects in development.”Even though development activity will be limited to projects underway with deposits in hand or near completion, Khorsand said, “With the capital raise out of the way, HHC can focus on managing the income statement for the remainder of 2020.” The analyst added, “In the meantime, HHC has the capital liquidity to operate as a going concern with an asset portfolio we believe could help bolster HHC’s cash position once the economy begins to normalize.”There’s a risk that the lockdowns or stay-at-home orders could be extended, but Khorsand remains optimistic. As a result, he reiterated a Buy rating. He did however cut the price target from $150 to $80, but this still leaves room for shares to climb 54% higher in the next year. (To watch Khorsand’s track record, click here)Judging by the consensus breakdown, it has been relatively quiet when it comes to other analyst activity. Only one other review was published recently, a Hold, making the consensus rating a Moderate Buy. Additionally, the $70 average price target implies shares could surge 35% in the next twelve months. (See Howard Hughes stock analysis on TipRanks)To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.

  • Insider Monkey

    Rhizome Partners Pitches REIT Stocks Vornado and HHC In 2020 Q1 Investor Letter

    New York-based Rhizome Partners published its Q1 2020 investor letter recently. A copy of the letter can be downloaded here. Bill Chen is Rhizome Partners’ founder and managing partner. The fund was founded in 2013. In Q1 2020, Class B investors of Rhizome Partners witnessed a 14.0% net loss compared to a 19.6% net loss witnessed […]

  • A Sliding Share Price Has Us Looking At The Howard Hughes Corporation's (NYSE:HHC) P/E Ratio
    Simply Wall St.

    A Sliding Share Price Has Us Looking At The Howard Hughes Corporation's (NYSE:HHC) P/E Ratio

    Unfortunately for some shareholders, the Howard Hughes (NYSE:HHC) share price has dived 32% in the last thirty days...

  • The Howard Hughes Corporation® Announces Dates And Times For First-Quarter 2020 Earnings Release And Conference Call
    PR Newswire

    The Howard Hughes Corporation® Announces Dates And Times For First-Quarter 2020 Earnings Release And Conference Call

    The Howard Hughes Corporation® (NYSE: HHC) announced today that it will release 2020 first-quarter earnings on Monday, May 11, 2020, after the market closes and will hold its first-quarter conference call on Tuesday, May 12, 2020, at 10:00 a.m. Eastern Time. The Company's earnings release will be posted to the Investors section of the Company's website prior to the conference call.

  • Howard Hughes hires Ala Moana Center GM to oversee Ward Village
    American City Business Journals

    Howard Hughes hires Ala Moana Center GM to oversee Ward Village

    Francis Cofran will oversee commercial real estate operations in the master-planned community for The Howard Hughes Corp. (NYSE: HHC).

  • Weekly CEO Buys Highlight
    GuruFocus.com

    Weekly CEO Buys Highlight

    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...

  • Howard Hughes Corp. halts some construction, delays restructuring amid coronavirus pandemic
    American City Business Journals

    Howard Hughes Corp. halts some construction, delays restructuring amid coronavirus pandemic

    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.

  • Howard Hughes secures $357M construction loan for 6th Honolulu tower
    American City Business Journals

    Howard Hughes secures $357M construction loan for 6th Honolulu tower

    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® Closes On Two Loans Totaling Over $490 Million
    PR Newswire

    The Howard Hughes Corporation® Closes On Two Loans Totaling Over $490 Million

    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.