According to Zacks, “Howard Hughes Corporation operates as a real estate company engaged in the development of master planned communities and other strategic real estate development opportunities across the United States. The Company operates its business in two lines of business: Master Planned Communities and Strategic Development. Its Master Planned Communities segment consists of the development and sale of residential and commercial land, primarily in large-scale projects in and around Columbia, Maryland; Houston, Texas; and Las Vegas, Nevada. Its Strategic Development segment is made up of near, medium and long-term real estate properties and development projects. Howard Hughes Corporation is headquartered in Wacker Drive, Chicago. “
Separately, TheStreet cut Virtusa from a b- rating to a c+ rating in a research note on Wednesday, May 29th.
Howard Hughes (NYSE:HHC) last released its quarterly earnings results on Monday, May 6th. The financial services provider reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.32. Howard Hughes had a return on equity of 2.71% and a net margin of 6.95%. The company had revenue of $353.89 million during the quarter, compared to analysts’ expectations of $292.82 million. During the same period last year, the business posted $0.03 earnings per share. The firm’s revenue was up 118.9% compared to the same quarter last year. Equities research analysts predict that Howard Hughes will post 3.94 earnings per share for the current year.
Large investors have recently made changes to their positions in the company. PRW Wealth Management LLC purchased a new position in shares of Howard Hughes in the fourth quarter worth about $49,000. Atlas Capital Advisors LLC purchased a new position in shares of Howard Hughes in the first quarter worth about $88,000. Squar Milner Financial Services LLC raised its stake in shares of Howard Hughes by 883.3% in the first quarter. Squar Milner Financial Services LLC now owns 885 shares of the financial services provider’s stock worth $97,000 after purchasing an additional 795 shares during the last quarter. Avestar Capital LLC raised its stake in shares of Howard Hughes by 46.5% in the first quarter. Avestar Capital LLC now owns 1,459 shares of the financial services provider’s stock worth $145,000 after purchasing an additional 463 shares during the last quarter. Finally, BBR Partners LLC purchased a new position in shares of Howard Hughes in the first quarter worth about $225,000. Hedge funds and other institutional investors own 83.93% of the company’s stock.
About Howard Hughes
The Howard Hughes Corporation owns, manages, and develops commercial, residential, and hospitality operating properties in the United States. It operates through three segments: Operating Assets, Master Planned Communities, and Strategic Developments. The Operating Assets segment owns 15 retail, 28 office, 8 multi-family, and 4 hospitality properties, as well as 10 other operating assets and investments primarily located and around The Woodlands, Texas; Columbia, Maryland; New York, New York; Las Vegas, Nevada; and Honolulu, Hawaii.
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