Jefferies analyst Omotayo Okusanya reiterated a Buy rating on Howard Hughes (NYSE: HHC) today and set a price target of $170. The company’s shares closed yesterday at $136.55.
According to TipRanks.com, Okusanya is a 4-star analyst with an average return of 7.8% and a 62.1% success rate. Okusanya covers the Financial sector, focusing on stocks such as Apartment Investment & Management, Senior Housing Properties Trust, and Retail Opportunity Investments.
Currently, the analyst consensus on Howard Hughes is a Strong Buy with an average price target of $160.
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Based on Howard Hughes’ latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $5.09 million. In comparison, last year the company had a net profit of $3.12 million.
Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is neutral on the stock. Last month, Paul Layne, the President of HHC sold 4,928 shares for a total of $675,136.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
The Howard Hughes Corp. engages in the development of master planned communities (MPC) and mixed-used properties. It operates through the following segments: Master Planned Communities, Operating Assets, and Strategic Developments.
