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Howard Hughes Holdings Inc. Reports Third Quarter 2024 Results
GlobeNewswire News Room· 2024-11-04 21:01
THE WOODLANDS, Texas, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Howard Hughes Holdings Inc. (NYSE: HHH) (the “Company,” “HHH,” or “we”) today announced operating results for the third quarter ended September 30, 2024. The financial statements, exhibits, and reconciliations of non-GAAP measures in the attached Appendix and the Supplemental Information, as available through the Investors section of our website, provide further detail of these results. Third Quarter 2024 Highlights: Net income from continuing operatio ...
Recent Price Trend in Howard Hughes Holdings (HHH) is Your Friend, Here's Why
ZACKS· 2024-10-21 13:50
Core Viewpoint - The article emphasizes the importance of confirming the sustainability of stock trends for successful short-term investing, highlighting the need for sound fundamentals and positive earnings estimates to maintain momentum in stocks [1]. Group 1: Stock Performance - Howard Hughes Holdings (HHH) has shown a solid price increase of 4.9% over the past 12 weeks, indicating investor willingness to pay more for its potential upside [2]. - HHH has maintained a price increase of 1.3% over the last four weeks, suggesting that the upward trend is still intact [2]. - The stock is currently trading at 80.5% of its 52-week high-low range, indicating a potential breakout [2]. Group 2: Fundamental Strength - HHH carries a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, which are critical for near-term price movements [3]. - The Zacks Rank system has a strong track record, with Rank 1 stocks generating an average annual return of +25% since 1988 [3]. - The Average Broker Recommendation for HHH is also 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [3]. Group 3: Investment Strategy - The article suggests that HHH is not the only stock passing through the "Recent Price Strength" screen, encouraging investors to explore other stocks that meet similar criteria [4]. - It highlights the importance of using effective stock-picking strategies that have produced profitable results in the past, which can be backtested using the Zacks Research Wizard [4].
Howard Hughes Earns Top Ranking by GRESB for Proven Commitment to Sustainability and Industry Leadership Across National Portfolio
GlobeNewswire News Room· 2024-10-10 20:01
THE WOODLANDS, Texas, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Howard Hughes Holdings Inc. (NYSE: HHH) announced today it has once again earned the top ranking in its peer group of Americas Diversified Listed real estate companies by the Global Real Estate Sustainability Benchmark (GRESB). The ranking is part of the 2024 GRESB Real Estate Assessment's Standing Investments Benchmark. The comprehensive actions that helped secure these rankings are detailed in the company's recent Communities Report and reinforce adv ...
Howard Hughes Holdings Inc. Announces Dates and Times for 2024 Third Quarter Earnings Release and Conference Call
GlobeNewswire News Room· 2024-10-09 11:17
THE WOODLANDS, Texas, Oct. 09, 2024 (GLOBE NEWSWIRE) -- Howard Hughes Holdings Inc. (NYSE: HHH) ("the Company" or "Howard Hughes") announced today that the Company will release 2024 third quarter earnings on Monday, November 4, 2024, after the market closes and will hold its third quarter conference call on Tuesday, November 5, 2024, at 12:00 PM Eastern Time. The Company's earnings release will be posted to the Investors section of the Company's website prior to the conference call. Please visit the Howard ...
Billionaire Bill Ackman Wants to Buy This Entire Company – Could Its Investors Get a Big Payday?
The Motley Fool· 2024-09-12 12:13
Ackman already owns more than one-third of this real estate company but is interested in taking it private. Bill Ackman is reportedly considering a take-private bid for the 63% of Howard Hughes Holdings (HHH 0.40%) he doesn't already own. Could the investors in this unique real estate company be set to receive a big payday? *Stock prices used were the morning prices of Sept. 9, 2024. The video was published on Sept. 10, 2024. ...
Summerlin® Becomes Nevada's First Master Planned Community to Achieve LEED Precertification from U.S. Green Building Council
GlobeNewswire News Room· 2024-08-21 11:03
LAS VEGAS, Aug. 21, 2024 (GLOBE NEWSWIRE) -- Howard Hughes Holdings Inc. (NYSE: HHH) announced today that its award-winning community of Summerlin® in Las Vegas has achieved LEED precertification by the U.S. Green Building Council (USGBC), becoming Nevada's first master planned community to achieve this distinction. Summerlin joins an elite global group of entities—including the Howard Hughes communities of The Woodlands®, Bridgeland®, Downtown Columbia®, and Ward Village®—that are recognized by USGBC for t ...
RCLCO Mid-Year Report Ranks Summerlin® and Bridgeland® Among Nation's Top-Selling Master Planned Communities
Newsfilter· 2024-08-01 20:08
Core Insights - Howard Hughes communities Summerlin and Bridgeland ranked among the top-selling master planned communities in the U.S. for mid-year 2024, with Summerlin at 5 (596 homes sold) and Bridgeland at 8 (498 homes sold) [1][2] - The company anticipates record residential land sales in 2024, with a 163% increase in residential land sales revenues and a 35% increase in average price per acre compared to mid-year 2023 [1][2] - The demand for homes in these communities is driven by their amenity-rich environments and strong local job markets, particularly in Summerlin, where job growth has outpaced the national average [1][2] Summerlin Community - Summerlin spans 22,500 acres and is home to approximately 127,000 residents, offering over 300 parks and 200 miles of trails [3] - The community features a diverse range of housing options with 70 floor plans available, catering to various price points and styles [1][3] - Summerlin has nearly 3,000 acres of raw land remaining for future development, including three new commercial cores [1][3] Bridgeland Community - Bridgeland is an 11,500-acre community in Cypress, Texas, recognized for its extensive outdoor amenities and commitment to environmental conservation [4] - The community includes over 3,000 acres of parks and lakes, with a focus on promoting a healthy lifestyle through recreational opportunities [4] - Bridgeland Central, a 925-acre urban district, is under development and will enhance commercial growth in the area [4] Market Performance - The RCLCO report indicates that master planned communities like Summerlin and Bridgeland are outperforming the broader new home market, with Houston being the top-performing metropolitan area [2] - Houston had 13 communities in the top 50, accounting for nearly 24% of sales among ranked MPCs, while Las Vegas followed with over 2,000 sales [2]
Howard Hughes (HHH) - 2024 Q2 - Quarterly Report
2024-07-26 21:12
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2024 or ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission file number 001-41779 HOWARD HUGHES HOLDINGS INC. (Exact name of registrant as specified in its charter) Indicate by check mark whether the registrant: (1) has filed all reports required to ...
Howard Hughes (HHH) - 2024 Q2 - Quarterly Results
2024-07-26 21:11
Exhibit 99.1 THE WOODLANDS, Texas, July 26, 2024 – Howard Hughes Holdings Inc. (NYSE: HHH) (the "Company," "HHH," or "we") today announced operating results for the second quarter ended June 30, 2024. The financial statements, exhibits, and reconciliations of non-GAAP measures in the attached Appendix and the Supplemental Information at Exhibit 99.2 provide further detail of these results. – Net income per diluted share of $0.42 compared to a loss of $(0.39) in the prior-year period – MPC EBT of $123 millio ...
Howard Hughes Holdings (HHH) Beats Q2 Earnings and Revenue Estimates
ZACKS· 2024-07-26 13:10
Company Overview - Howard Hughes Holdings has underperformed the market in 2023, raising questions about its future stock performance [1] - The company's earnings outlook is a key measure for investors to assess potential stock movements [1][2] Earnings Estimates - The current consensus EPS estimate for the upcoming quarter is $0.35, with expected revenues of $299.76 million [4] - For the current fiscal year, the consensus EPS estimate is $3.04 on revenues of $1.66 billion [4] - The estimate revisions trend for Howard Hughes Holdings is currently favorable, resulting in a Zacks Rank 2 (Buy) [3] Recent Performance - Howard Hughes Holdings reported quarterly earnings of $0.42 per share, exceeding the Zacks Consensus Estimate of $0.28 per share, and showing a significant improvement from a loss of $0.39 per share a year ago [8] - The company achieved revenues of $317.41 million for the quarter, surpassing the Zacks Consensus Estimate by 11.71% and increasing from $223.32 million year-over-year [9] Industry Context - The Real Estate - Development industry, to which Howard Hughes Holdings belongs, is currently ranked in the top 41% of over 250 Zacks industries, indicating a favorable industry outlook [5] - The performance of Howard Hughes Holdings may be influenced by the overall industry trends, as top-ranked industries tend to outperform lower-ranked ones significantly [5] Stock Performance - Since the beginning of the year, Howard Hughes Holdings shares have declined by approximately 17.6%, contrasting with a 13.2% gain in the S&P 500 [10]