Trust Advisors LP Increases Investment in The Howard Hughes Co. by 48.1%
June 26, 2023
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The Howard Hughes ($NYSE:HHC) Co. is a well-known real estate development company that is based in Dallas, Texas. The company specializes in developing master-planned communities, mixed-use properties, and other large-scale projects across the United States. This increase has further strengthened the company’s position in the real estate market and is expected to bring new opportunities for growth and development. The Howard Hughes Co. has been a reliable provider of quality residential and commercial properties and has also been at the forefront of innovation in the real estate industry.
With the recent investment from First Trust Advisors LP, the company is now in a better position to expand its reach even further and continue to provide excellent services to its customers. The investment is also expected to create more job opportunities and economic growth in the communities where the company develops its properties.
Analysis
As GoodWhale, we have conducted an in-depth analysis of Howard Hughes‘s financials. According to our Star Chart, HOWARD HUGHES is strong in growth, medium in asset, profitability and weak in dividend. This leads us to the conclusion that HOWARD HUGHES is classified as a ‘cheetah’, a type of company that has achieved high revenue or earnings growth but is considered less stable due to lower profitability. In terms of potential investors, those with an appetite for high-growth opportunities and a willingness to take on higher risks may be interested in a company like HOWARD HUGHES. Our assessment of HOWARD HUGHES’s financial health gives it an intermediate score of 6 out of 10; this suggests that the company may be able to pay off debt and fund future operations. More…
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 |
| 1.59k | 159.67 | 8.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Howard Hughes. More…
| Operations | Investing | Financing |
| 281.74 | -348.65 | -97.44 |
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 |
| 9.58k | 6k | 70.34 |
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 |
| 12.4% | 38.4% | 21.3% |
| FCF Margin | ROE | ROA |
| 17.5% | 6.0% | 2.2% |
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
Investors are showing confidence in The Howard Hughes Corporation as First Trust Advisors LP recently increased its stake in the company by 48.1% in the fourth quarter. This may suggest that the investment group is bullish on the company’s future prospects and sees potential for significant growth. The Howard Hughes Corporation operates in several areas, including real estate, hospitality, entertainment, and land development. Analysts will be closely watching the company’s performance and making decisions about whether to invest or sell accordingly.
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