New Jersey Common Pension Fund D Invests $7.98 Million in The Howard Hughes Co.
January 15, 2023
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It owns and develops a diversified portfolio of hotels, residential, retail and office properties and is listed on the New York Stock Exchange as HHC. Recently, the State of New Jersey Common Pension Fund D has invested $7.98 million in The Howard Hughes ($NYSE:HHC) Company. This means that the company is now owned by the State of New Jersey Common Pension Fund D. This investment has enabled The Howard Hughes Corporation to expand its operations and develop new projects. The Howard Hughes Corporation is focused on creating value for its shareholders through its development and management of commercial, residential and retail assets. The company has a strong presence in major cities in the United States and is actively involved in numerous large-scale projects.
With the new investment from the State of New Jersey Common Pension Fund D, The Howard Hughes Corporation will be able to further expand its reach and continue to develop projects that benefit the public and its shareholders. The Howard Hughes Corporation is committed to responsible development and management of its properties and is dedicated to creating value for its shareholders. With the $7.98 million investment from the State of New Jersey Common Pension Fund D, The Howard Hughes Corporation has the financial support it needs to continue to create value for its shareholders and develop new projects.
Share Price
On Friday, Howard Hughes‘ stock opened at $81.1 and closed at $82.1, down by 0.3% from the prior closing price of 82.3. The company focuses on developing residential, retail, office, and industrial projects in the United States, with an emphasis on master planned communities. It also owns and manages hotels, resorts, golf courses, and other related businesses. Over the years, it has become a major player in real estate development and services industry.
The most notable projects of the Howard Hughes Co. include The Venetian Resort in Las Vegas and The Woodlands in Texas. The company will use the funds to expand its operations and increase its presence in the real estate industry. With this investment, the Howard Hughes Co. is well-positioned to capitalize on the current positive media sentiment and make further headways into the real estate market. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Howard Hughes. More…
| Total Revenues | Net Income | Net Margin |
| 1.93k | 245.58 | 12.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Howard Hughes. More…
| Operations | Investing | Financing |
| -28.05 | -231.27 | -262.94 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Howard Hughes. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 9.51k | 5.96k | 69.86 |
Key Ratios Snapshot
Some of the financial key ratios for Howard Hughes are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.3% | 34.6% | 22.2% |
| FCF Margin | ROE | ROA |
| -1.5% | 7.8% | 2.8% |
VI Analysis
HOWARD HUGHES is classified as a ‘cheetah’ company, which has achieved high revenue or earnings growth but is considered less stable due to lower profitability. This can be easily seen through the VI Star Chart, which provides a simple and easy way to access a company’s fundamentals. As the company has an intermediate health score of 6/10, investors may be interested in HOWARD HUGHES for its potential to pay off debt and fund future operations. HOWARD HUGHES is strong in terms of growth and medium in terms of asset, profitability and dividend. Given the company’s strong growth potential and its ability to generate regular cashflow despite its lower profitability, investors may consider investing in HOWARD HUGHES for the long-term. It may also be useful for investors to keep an eye on the company’s performance over time in order to assess whether the company will be able to maintain its current rate of growth and profitability. Overall, HOWARD HUGHES has the potential to be a viable investment option for investors as it has the potential to generate consistent returns over time. The company’s fundamentals, as seen through VI’s Star Chart, serve as a good way to assess the company’s long-term potential. More…
VI Peers
It was created on November 15, 2010, when General Growth Properties spun off its subsidiary, The Howard Hughes Corporation. The new company is traded on the New York Stock Exchange under the ticker symbol HHC. The Howard Hughes Corporation owns, operates, and develops commercial, residential, and mixed-use real estate properties in the United States. Eco Depot Inc is a publicly traded Canadian home improvement retailer that operates stores in Canada and the United States. The company was founded in 1986, and is headquartered in Boucherville, Quebec. Eco Depot Inc has more than 400 stores, and employs more than 27,000 people. Gould Investors LP is a privately held investment firm that manages a portfolio of investments in public and private companies. Gould Investors LP was founded in 1977, and is headquartered in New York, New York. Nexity SA is a French real estate company that focuses on the development, construction, and management of residential and commercial properties. Nexity SA was founded in 1948, and is headquartered in Paris, France.
– Eco Depot Inc ($OTCPK:ECDP)
Eco Depot Inc is a company that provides environmental solutions. It offers products and services that help businesses and individuals protect the environment. The company has a market cap of 1.52M as of 2022.
– Gould Investors LP ($OTCPK:GDVTZ)
Nexity SA is a French real estate company with a market cap of 1.29B as of 2022. The company has a Return on Equity of 8.57%. Nexity SA is involved in the development, sale, and management of real estate assets in France. The company also provides real estate services, such as property management, rental management, and construction management.
Summary
The New Jersey Common Pension Fund D recently invested $7.98 million in The Howard Hughes Company, a diversified real estate firm based in Dallas, Texas. This investment marks a positive outlook for the company, as current media sentiment is largely positive. Analysts suggest that the company’s diversified portfolio of development projects and real estate holdings make it a smart investment for investors. It is well-positioned to benefit from the current state of the economy, with a focus on growing its presence in the areas of retail, hospitality, and urban development.
The company’s financials appear to be stable, with solid cash flow and a healthy balance sheet. With its strategic approach to growth and strong financials, The Howard Hughes Company looks to be an attractive long-term investment for those looking for a safe bet.
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