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Howard Hughes Holdings Inc.(HHH)

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EXPLORE ADVISORIES AND THEIR HISTORY
QUALITY SIGNAL RECENCY
1-STAR RATING
Consider higher Upturn Star rating
BUY for 2 days
PROFIT SINCE LAST BUY
+0.86% ▲
LAST CLOSE
$76.23
10/30/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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Upturn Stock price based on last close iconStock price based on last close
Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Advisory Performance History (Simulated)Advisory Performance History info

Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Upturn Advisory & Investor View for HHH

10/30/2026: HHH (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Howard Hughes Holdings Inc. is a real estate development company known for managing large, master-planned communities and high-end urban assets. Its core strength lies in its control of long-term projects like Summerlin and The Woodlands, which provide a foundation of land value and recurring cash flow. The primary growth opportunity involves continued suburban migration and optimizing mixed-use assets. However, the company faces risks from high capital requirements, interest rate sensitivity, and complex asset valuations. It may suit value-oriented investors who are comfortable with the cyclical nature of real estate development and the lack of dividends, provided they closely monitor debt levels and development execution.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitThe company offers growth potential through land development, but requires patience for long-term project realization.
Momentum investorWeak fitThe stock often moves with broad real estate and macro-economic trends rather than short-term momentum signals.
Value investorStrong fitThe company's asset-heavy portfolio may trade at a discount to the net asset value of its land and properties.
Dividend investorWeak fitThe company does not pay a regular dividend, making it unsuitable for income-focused portfolios.
Low-risk investorWeak fitReal estate development involves high leverage and cyclical market risk not suited for low-risk profiles.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighThe stock's valuation is highly sensitive to interest rate changes and housing market data.
Valuation riskMedium / highEstimating the net asset value of long-term development land involves significant subjective assumptions.
Competition risk (Real estate)MediumCompetition for residential buyers and commercial tenants can compress margins.
Business qualityMediumThe company owns high-quality assets but operates with complex, capital-intensive structures.
Dividend incomeLow / noneNo dividend payments are made to shareholders.
Execution riskMedium / highSuccess depends on the ability to develop and sell land over many years in changing market conditions.

Price Behavior

Flat / Range-Bound
PRICE PATH

Flat / Range-Bound

The stock price has been trading within a narrow range with minimal directional movement.

Moderately Choppy
PRICE STABILITY

Moderately Choppy

The stock has experienced noticeable price swings while retaining some directional structure.

Analysis of Past Performance

Type Stock
Historic Profit 23.31%
Avg. Invested days 44
Today’s Advisory Consider higher Upturn Star rating
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 4.0
Stock Returns Performance Upturn Returns Performance icon 3.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 10/30/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
HHH receives a 3-star rating, supported by solid unit economics. The rating is constrained by weak price momentum.

Company Fundamentals

★★★★★
HHH has moderate overall fundamentals (3 stars), with moderate financial health, moderate growth momentum, and solid ownership. In FY2025 versus FY2024, strong cash generation (FCF margin 31.1%) is partially offset by negative earnings growth (-37.3%), negative revenue growth (-15.8%), soft profitability (net margin 8.4%).

Financial Health Rating

★★★★★
HHH's financial health is supported by solid cash strength, including free-cash-flow generation (31.1% of revenue). Profitability is moderate (3 stars), which helps explain the 3-star overall score.

Growth Momentum Score

★★★★★
Free-cash-flow growth is HHH's strongest growth driver at +30.8% FY2025 versus FY2024 (solid, 4 stars). By comparison, while revenue growth (-15.8%, negative) and earnings growth (-37.3%, negative) hold the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 93.4% and approximately 51.0% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 1.07% provides only moderate management-shareholder alignment.

Top 5 Institutional Investors

Pershing Square Inc 46.64%
Dimensional Fund Advisors, Inc. 4.90%
Vanguard Portfolio Management, LLC 4.39%
BlackRock Inc 2.71%
Wells Fargo & Co 2.50%

Unit Economics (Per $1K Revenue)

★★★★★
HHH generates approximately $187 of gross profit, $172 of operating income, and $311 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Solid margins and strong cash conversion support the rating, although capital efficiency remains weak.

Economic Dimensions

★★★★★
Effective Tax Rate: 23.30%

Quantitative Style Profile

★★★★★
HHH has a liquid profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Value-OrientedSmall / Mid Cap RiskShort Squeeze RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 4.55B USD
Price to earnings Ratio 15.43
1Y Target Price 84
Price to earnings Ratio 15.43
1Y Target Price 84
Volume (30-day avg) 974.7K shares
Beta 1.14
52 Weeks Range 60.09 - 91.07
Updated Date 11/01/2026
52 Weeks Range 60.09 - 91.07
Updated Date 11/01/2026
Dividends yield (FY) -
Basic EPS (TTM) 4.94

How Company Makes Money

Business areaWhat it includesRetail investor read
Master Planned CommunitiesLand sales to builders and commercial developers.Revenue comes from selling pieces of land they have developed.
Operating AssetsOffice, retail, and multi-family property rents.Revenue comes from steady rental income across various property types.
GeographyConcentrated in Nevada, Texas, and New York.The company's success is tied to the local economies of these specific regions.

Earnings Date

Report Date 2026-11-05
When After Market
Estimate 1.02
Actual -

Profitability

Profit Margin 12.31%
Operating Margin (TTM) 28.39%

Management Effectiveness

Return on Assets (TTM) 2.82%
Return on Equity (TTM) 7.49%

Valuation

Trailing PE 15.43
Forward PE 1250
Enterprise Value 7.34B
Price to Sales(TTM) 1.92
Enterprise Value 7.34B
Price to Sales(TTM) 1.92
Enterprise Value to Revenue 3.09
Enterprise Value to EBITDA 9.5
Shares Outstanding 59.72M
Shares Floating 30.45M
Shares Outstanding 59.72M
Shares Floating 30.45M
Percent Insiders 1.07
Percent Institutions 93.37

Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

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