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Howard Hughes Corp Stock Research

HHC

76.27USD+0.06(+0.08%)Market Closed

Market Summary

USD76.27+0.06
Market Closed
0.08%

HHC Alerts

HHC Stock Price

HHC RSI Chart

HHC Valuation

Market Cap

3.8B

Price/Earnings (Trailing)

20.57

Price/Sales (Trailing)

2.36

EV/EBITDA

5.7

Price/Free Cashflow

11.68

HHC Price/Sales (Trailing)

HHC Profitability

EBT Margin

15.24%

Return on Equity

5.21%

Return on Assets

1.92%

Free Cashflow Yield

8.56%

HHC Fundamentals

HHC Revenue

Revenue (TTM)

1.6B

Revenue Y/Y

-40.17%

Revenue Q/Q

-24.63%

HHC Earnings

Earnings (TTM)

184.6M

Earnings Y/Y

-52.08%

Earnings Q/Q

-50.44%

Price Action

52 Week Range

50.90105.51
(Low)(High)

Last 7 days

0.9%

Last 30 days

-7.9%

Last 90 days

-1.5%

Trailing 12 Months

-24.8%

HHC Financial Health

Debt/Equity

1.35

Debt/Cashflow

-0.07

HHC Investor Care

Buy Backs (1Y)

7.89%

Diluted EPS (TTM)

3.65

Peers (Alternatives to Howard Hughes)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
50.2B
4.2B
-2.35% -20.22%
11.54
12
22.43% 122.66%
27.4B
4.7B
-9.47% -29.05%
72.46
5.83
5.96% -77.90%
21.6B
30.8B
-18.38% -23.13%
15.33
0.7
11.11% -23.37%
21.3B
2.7B
-11.76% -35.76%
27.37
7.83
11.91% -41.71%
MID-CAP
6.6B
20.9B
-17.42% -40.59%
10.14
0.32
7.72% -31.94%
3.8B
1.6B
-7.93% -24.82%
20.57
2.36
12.65% 277.39%
2.3B
10.1B
-21.57% -49.43%
11.7
0.23
7.64% -21.44%
2.2B
540.0M
-4.37% -31.08%
21.89
4.13
19.05% -69.71%
SMALL-CAP
1.2B
1.3B
-9.84% -38.06%
11.52
0.92
0.41% -26.84%
907.2M
2.3B
8.67% -54.81%
-2.82
0.4
18.81% -192.98%
746.0M
1.3B
6.86% -12.21%
4.69
0.56
-6.88% 23.62%
484.6M
634.0K
-5.44% 0.66%
30.66
764.43
1012.28% 195.59%
362.1M
32.0M
-6.09% 11.02%
0.9
11.32
-37.68% 2303.50%

Financials for Howard Hughes

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue-16.8%1,6081,9321,5121,4481,428
  S&GA Expenses0.1%82.0082.0081.0086.0082.00
Costs and Expenses-15.1%1,2711,4971,2211,1971,215
EBITDA-11.2%556626506484-
EBITDA Margin6.7%0.35*0.32*0.34*0.33*-
Earnings Before Taxes-22.5%24531618315664.00
EBT Margin-6.9%0.15*0.16*0.12*0.11*-
Interest Expenses-1.7%111113120123130
Net Income-23.9%18524313711949.00
Net Income Margin-8.6%0.11*0.13*0.09*0.08*-
Free Cahsflow1259.4%325-28.05-299-299-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets1.0%9,6039,5099,5089,4689,582
    Cash Equivalents76.7%627355573688843
  Goodwill-1.00----
Liabilities0.7%5,9975,9586,0645,9145,849
  Long Term Debt-4,591----
Shareholder's Equity1.6%3,5403,4863,4443,5533,710
  Retained Earnings45.7%1681157.00-14.33-16.46
  Additional Paid-In Capital0.1%3,9733,9703,9673,9643,960
Shares Outstanding-0.2%50.0050.0050.0052.0054.00
Minority Interest0.9%66.0065.0050.001.001.00
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations1259.4%325-28.05-299-299-283
  Share Based Compensation2.3%12.0012.0012.0011.0010.00
Cashflow From Investing4.6%-220-23172.00192101
Cashflow From Financing15.5%-222-262-132-13.13156
  Buy Backs-15.5%40447845326081.00

Risks for HHC

What is the probability of a big loss on HHC?

78.5%


Probability that Howard Hughes stock will be more than 20% underwater in next one year

48.5%


Probability that Howard Hughes stock will be more than 30% underwater in next one year.

35.8%


Probability that Howard Hughes stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does HHC drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Howard Hughes was unfortunately bought at previous high price.

Drawdowns

Returns for HHC

Cumulative Returns on HHC

-0.9%


10-Year Cumulative Returns

-3.8%


7-Year Cumulative Returns

-11.0%


5-Year Cumulative Returns

11.1%


3-Year Cumulative Returns

What are the long-term rolling returns for HHC?

FIve years rolling returns for Howard Hughes.

Annualized Returns

Which funds bought or sold HHC recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-23
MetLife Investment Management, LLC
added
0.4
16,065
57,774
-%
2023-03-17
American Portfolios Advisors
unchanged
-
-6,545
28,637
-%
2023-03-10
BAILLIE GIFFORD & CO
reduced
-3.08
54,833,400
217,442,000
0.23%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
added
1,507
6,581,170
6,892,170
0.01%
2023-03-06
Rockefeller Capital Management L.P.
reduced
-9.2
2,000
11,000
-%
2023-02-28
Voya Investment Management LLC
added
0.4
100,772
361,772
-%
2023-02-24
NATIXIS
new
-
9,812,330
9,812,330
0.06%
2023-02-22
CVA Family Office, LLC
new
-
764
764
-%
2023-02-21
MACQUARIE GROUP LTD
sold off
-100
-2,846,000
-
-%
2023-02-21
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO
new
-
2,827
2,827
-%

1–10 of 46

Latest Funds Activity

Are funds buying HHC calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own HHC
No. of Funds

Howard Hughes News

MarketBeat

The Howard Hughes Co. (NYSE:HHC) Short Interest Up 7.3% in ....

MarketBeat,
9 days ago

PR Newswire

The Motley Fool

hellowoodlands.com

Schedule 13G FIlings of Howard Hughes

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 09, 2023
vanguard group inc
10.37%
5,173,150
SC 13G/A
Jan 23, 2023
baillie gifford & co
5.70%
2,845,360
SC 13G/A
Apr 18, 2022
pershing square capital management, l.p.
26.0%
13,620,164
SC 13D/A
Feb 15, 2022
principal global investors
3.85%
2,125,002
SC 13G/A
Jan 27, 2022
baillie gifford & co
6.30%
3,471,556
SC 13G/A
Feb 16, 2021
principal global investors
5.06%
2,780,194
SC 13G/A
Feb 10, 2021
vanguard group inc
10.78%
5,919,981
SC 13G/A
Jan 20, 2021
baillie gifford & co
6.32%
3,472,329
SC 13G
Jan 11, 2021
pershing square capital management, l.p.
24.5%
13,470,008
SC 13D/A
Jun 05, 2020
pershing square capital management, l.p.
19.9%
10,918,008
SC 13D/A

HHC Fair Value

Howard Hughes fair value in different scenarios

The table shows the Fair Value estimates for Howard Hughes for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

44.32

-41.89%

57.21

-24.99%

80.08

5.00%

100.18

31.35%

116.40

52.62%
Current Inflation

42.11

-44.79%

53.27

-30.16%

72.83

-4.51%

89.76

17.69%

103.43

35.61%
Very High Inflation

39.35

-48.41%

48.48

-36.44%

64.21

-15.81%

77.56

1.69%

88.37

15.86%

Historical Howard Hughes Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Howard Hughes

View All Filings
Date Filed Form Type Document
Mar 27, 2023
4
Insider Trading
Mar 27, 2023
4
Insider Trading
Mar 27, 2023
4
Insider Trading
Mar 27, 2023
4
Insider Trading
Mar 27, 2023
4
Insider Trading
Mar 27, 2023
4
Insider Trading
Mar 27, 2023
4
Insider Trading
Mar 27, 2023
4
Insider Trading
Mar 27, 2023
4
Insider Trading
Mar 27, 2023
4
Insider Trading

Latest Insider Trading transactions for HHC

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-17
Pershing Square Capital Management, L.P.
bought
206,242
74.97
2,751
-
2023-03-16
Stephan Frank
acquired
-
-
3,027
president, nevada
2023-03-16
Pershing Square Capital Management, L.P.
bought
22,422
74.74
300
-
2023-03-15
Pershing Square Capital Management, L.P.
bought
1,459,460
74.63
19,556
-
2023-03-14
Pershing Square Capital Management, L.P.
bought
1,125,670
74.9
15,029
-
2023-03-13
Pershing Square Capital Management, L.P.
bought
2,080,240
74.59
27,889
-
2023-02-22
Striph David Michael
sold (taxes)
-10,715
85.72
-125
evp, head of operations
2023-02-22
Winick Zachary
sold (taxes)
-10,029
85.72
-117
co-president, new york region
2023-02-22
Melton Heath
sold (taxes)
-7,800
85.72
-91.00
president, phoenix region
2023-02-22
Fitchitt Greg
sold (taxes)
-8,229
85.72
-96.00
president, columbia

1–10 of 50

David R. O'Reilly
530
The Howard Hughes Corporation owns, manages, and develops commercial, residential, and hospitality operating properties in the United States. It operates through four segments: Operating Assets; Master Planned Communities (MPCs); Seaport District; and Strategic Developments. As of December 31, 2020, the Operating Assets segment owned 15 retail, 33 office, 12 multi-family, 3 hospitality, and 13 other operating assets and investments primarily located in The Woodlands, Texas; Chicago, Illinois; Columbia, Maryland; Las Vegas, Nevada; and Honolulu, Hawaii. The MPCs segment develops and sells detached and attached single family homes, and range from entry-level to luxury homes to residential homebuilders and developers; and sells or leases land for commercial development, including land parcels designated for retail, office, hospitality, and residential projects. The Seaport District segment is involved in the landlord operations, managed businesses, and events and sponsorships. The Strategic Development segment invests in residential condominium and commercial property projects. This segment consists of 18 development or redevelopment projects. The Howard Hughes Corporation was founded in 2010 and is headquartered in Dallas, Texas.

HHC Income Statement

2022-12-31
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
REVENUES   
Rental revenue$ 399,103$ 369,330$ 323,182
Total revenues1,608,4881,427,901699,489
EXPENSES   
Operating costs317,389293,999226,791
Rental property real estate taxes54,03355,39852,815
Provision for (recovery of) doubtful accounts1,959(459)6,009
General and administrative81,77281,990109,402
Depreciation and amortization200,361205,100217,467
Other11,97710,6688,166
Total expenses1,270,9401,214,525830,384
OTHER   
Provision for impairment0(13,068)(48,738)
Gain (loss) on sale or disposal of real estate and other assets, net29,67853,07959,942
Other income (loss), net1,909(11,515)130
Total other31,58728,49611,334
Operating income (loss)369,135241,872(119,561)
Interest income3,8181072,368
Interest expense(110,891)(130,036)(132,257)
Gain (loss) on extinguishment of debt(2,377)(38,014)(13,169)
Equity in earnings (losses) from unconsolidated ventures(14,549)(9,852)271,099
Income (loss) before income taxes245,13664,0778,480
Income tax expense (benefit)60,50015,15311,653
Net income (loss)184,63648,924(3,173)
Net (income) loss attributable to noncontrolling interests(103)7,176(22,981)
Net income (loss) attributable to common stockholders, basic184,53356,100(26,154)
Net income (loss) attributable to common stockholders, diluted$ 184,533$ 56,100$ (26,154)
Basic income (loss) per share (in dollars per share)$ 3.65$ 1.03$ (0.50)
Diluted income (loss) per share (in dollars per share)$ 3.65$ 1.03$ (0.50)
Condominium rights and unit sales   
REVENUES   
Revenue$ 677,078$ 514,597$ 1,143
EXPENSES   
Cost of sales483,983414,199108,229
Master Planned Communities land sales   
REVENUES   
Revenue316,065346,217233,044
EXPENSES   
Cost of sales119,466153,630101,505
Other land, rental and property revenues   
REVENUES   
Revenue144,481152,619105,048
Builder price participation   
REVENUES   
Revenue$ 71,761$ 45,138$ 37,072

HHC Balance Sheet

2022-12-31
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
ASSETS  
Master Planned Communities assets$ 2,411,526$ 2,282,768
Buildings and equipment4,246,3893,962,441
Less: accumulated depreciation(867,700)(743,311)
Land312,230322,439
Developments1,125,0271,208,907
Net investment in real estate7,227,4727,033,244
Investments in unconsolidated ventures246,171369,949
Net investment in lease receivable2,8952,913
Cash and cash equivalents626,653843,212
Restricted cash472,284373,425
Accounts receivable, net103,43786,388
Municipal Utility District receivables, net473,068387,199
Notes receivable, net3,3397,561
Deferred expenses, net128,865119,825
Operating lease right-of-use assets, net46,92657,022
Prepaid expenses and other assets, net272,353300,956
Total assets9,603,4639,581,694
LIABILITIES  
Mortgages, notes and loans payable, net4,747,1834,591,157
Operating lease obligations51,32169,363
Deferred tax liabilities, net254,336204,837
Accounts payable and accrued expenses944,511983,167
Total liabilities5,997,3515,848,524
Commitments and Contingencies (see Note 10)
Redeemable noncontrolling interest022,500
EQUITY  
Preferred stock: $0.01 par value; 50,000,000 shares authorized, none issued00
Common stock: $0.01 par value; 150,000,000 shares authorized, 56,226,273 issued and 49,801,997 outstanding as of December 31, 2022, and 56,173,276 shares issued and 54,065,661 outstanding as of December 31, 2021564563
Additional paid-in capital3,972,5613,960,418
Retained earnings (accumulated deficit)168,077(16,456)
Accumulated other comprehensive income (loss)10,335(14,457)
Treasury stock, at cost, 6,424,276 shares as of December 31, 2022, and 2,107,615 shares as of December 31, 2021(611,038)(220,073)
Total stockholders' equity3,540,4993,709,995
Noncontrolling interests65,613675
Total equity3,606,1123,710,670
Total liabilities and equity$ 9,603,463$ 9,581,694