Howard Hughes (HHH)
Plans communities, develops real estate, and owns a specialty insurer.
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Master-planned communities anchor a U.S. real-estate platform that also owns operating assets and pursues strategic developments. The platform added Vantage, a specialty insurance and reinsurance subsidiary, in 2026.
Master-planned communities are the foundation of a U.S. real-estate platform. The MPC business plans, develops, and sells land for large-scale, long-term community projects.
Operating Assets holds retail, office, and multifamily properties, while Strategic Developments includes residential-condominium and commercial projects. The portfolio includes communities such as The Woodlands, Bridgeland, Summerlin, Ward Village, Teravalis, and Downtown Columbia. Its portfolio is concentrated in the United States.
After separating Seaport Entertainment in 2024, the company remained focused on its MPCs while pursuing acquisitions. Vantage became a subsidiary in 2026, adding specialty insurance and reinsurance to the holding-company structure.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jun 23, 2025 | JP Morgan | Downgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $2.68B · Total debt $5.46B · Total assets $15.91B · Shareholders' equity $4.96B
- Revenue
- $1.12B
- Operating income
- $239.6M
- Net income
- $158.4M
| Institutions | 90.95% | 54.32M shares | |
|---|---|---|---|
| 319 holders · as of Jun 30, 2026 | |||
| Insiders | 1.31% | 780.1K shares | |
| 24 holders · as of Aug 13, 2026 | |||
| Strategic holders | 99.45% | 59.39M shares | |
| 1 holder · as of May 7, 2026 | |||
| Adds to | 191.71% | ||
59.72M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 191.71%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Pershing Square Capital Management, L.P.Strategicdirector, 10 percent owner | 99.45% | 59.39M | filed May 7, 2026 |
Pershing Square Holdco, L.P.Institution | 46.64% | 27.85M | as of Jun 30, 2026 |
Dimensional Fund Advisors LPInstitution | 4.90% | 2.92M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 4.39% | 2.62M | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 2.71% | 1.62M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 11, 2026 | Mary Ann Tighe | director | −13,495 | $67.25 |
| May 15, 2026 | James Carman | officer: President, Houston Region | −1,500 | $64.20 |
| Mar 25, 2026 | Andrew D. Davis | officer: Chief Operating Officer, HHC | −1,636 | $63.87 |
| Mar 13, 2026 | Joseph Valane | officer: General Counsel & Secretary | +1,260 | $64.45 |
| Dec 23, 2025 | R. Scot Sellers | director | +5,000 | $77.94 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Howard Hughes | $66.42 | +1.25% | $3.91B | 13.3 | 21.0 | 1.6 | +330.2% |
| St. Joe | $66.43 | +2.90% | $3.68B | 30.2 | — | 6.7 | +23.0% |
| Arch Capital Group | $95.13 | −0.68% | $33.46B | 7.5 | 10.1 | 1.7 | −22.3% |
| RenaissanceRe | $327.26 | +0.30% | $13.56B | 5.6 | 8.2 | 1.3 | −28.5% |
| Five Point | $4.93 | +0.10% | $349.8M | 14.1 | — | 3.0 | +157.8% |
| Everest Group | $370.44 | +0.28% | $14.62B | 7.9 | 6.7 | 0.9 | −10.1% |
| Forestar Group | $26.99 | +2.31% | $1.35B | 7.9 | 9.5 | 0.8 | +4.2% |
| Median | 7.9 | 8.8 | 1.5 | −2.9% |