Jefferies (NYSE:JEF) analyst Jonathan Petersen maintained a Buy rating on Howard Hughes (NYSE:HHC) on Wednesday, setting a price target of $122, which is approximately 36.76% above the present share price of $89.21.
Petersen expects Howard Hughes to post earnings per share (EPS) of $0.09 for the third quarter of 2021.
The current consensus among 1 TipRanks analysts is for a Moderate Buy rating of shares in Howard Hughes, with an average price target of $122.
The analysts price targets range from a high of $122 to a low of $122.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $212.46 million and a net profit of $17.39 million. The company's market cap is $4.92 billion.
According to TipRanks.com, Jefferies analyst Jonathan Petersen is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 13.7% and a 75.56% success rate.
The Howard Hughes Corp . engages in the development and management of commercial, residential, and mixed-use real estate. It operates through the following segments: Operating Assets, Master Planned Communities; Seaport District; and Strategic Developments. The Operating Assets segment consists retail, office, hospitality, and multi-family properties along with other real estate investments. The Master Planned Communities segment focuses in the development and sale of land in large-scale, long-term community development projects in and around Las Vegas, Nevada; Houston, Texas; and Columbia, Maryland. The Seaport District operates an approximately 453,000 square feet of restaurant, retail, and entertainment properties situated in three primary locations in New York, New York: Pier 17, Historic Area/Uplands, and Tin Building. The Strategic Developments segment involves in the other real estate assets in the form of entitled and unentitled land and residential condominium developments. The company was founded on November 9, 2010 and is headquartered in Dallas, TX.