Howard Hughes Rises On Unusually High Volume (HHC)

NEW YORK ( TheStreet) -- Howard Hughes (NYSE: HHC) is trading at unusually high volume Thursday with 509,194 shares changing hands. It is currently at four times its average daily volume and trading up $2.03 (+3.5%) at $60.80 as of 3:20 p.m. ET.

Howard Hughes has a market cap of $1.78 billion and is part of the financial sector and real estate industry. Shares are up 33.1% year to date as of the close of trading on Wednesday.

The Howard Hughes Corporation is a real estate investment and development company, engaging in managing, developing, and leasing commercial, residential, and mixed-use real estate. The firm invests in retail, commercial, and industrial buildings in United States. The company has a P/E ratio of 49.9, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Howard Hughes as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and growth in earnings per share. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full Howard Hughes Ratings Report.

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