Added to YB: 2024-08-19
Pitch date: 2024-08-15
HHH [neutral]
Howard Hughes Holdings Inc.
+17.82%
current return
Author Info
Stock Spin-Off Investing is a former equity and PE researcher who shares spin-off related content. Visit the website.
Company Info
Howard Hughes Holdings Inc., together with its subsidiaries, develops and operates master planned communities (MPCs) in the United States.
Market Cap
$4.5B
Pitch Price
$71.78
Price Target
109.00 (+29%)
Dividend
N/A
EV/EBITDA
11.64
P/E
15.02
EV/Sales
4.71
Sector
Real Estate Management and Development
Category
special_situation
3 Spin-offs with Insider Buying - Howard Hughes Holdings Inc.
HHH: Pure-play MPC post SEG spin-off. $109 NAV vs $71 stock. Strong NOI growth, self-funded. Insiders buying. Pershing Square (37.5% owner) mulling privatization. Core biz strong. Upcoming analyst day catalyst. RemainCo more profitable post-spin. Massive land bank for residential/commercial dev.
Read full article (1 min)