Is Howard Hughes Corp (HHC) Stock a Buy For 2021?

Clark Street Value is bullish on Howard Hughes Corp (NYSE:HHC) stock. Clark Street Value is an individual investor that is focused on finding value and special situation investments. Howard Hughes Corp (NYSE:HHC) is a real estate development and management company. In the last one year, Howard Hughes Corp (NYSE:HHC) stock lost 37.3% and on January 4th it had a closing price of $77.57.

Clark Street Value said Howard Hughes’ diversified model should help them compared to pure play real estate investment trusts. The investor believes that going forward the company will concentrate on residential land development compared to on office/multi-family new construction they were before the coronavirus pandemic. Clark Street Value added, “their big land banks are in Las Vegas and Houston, maybe not as hot as Austin and Miami but they’re both low cost-of-living and no state income tax markets that should have the wind at their backs.”

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In Q3 2020, the number of bullish hedge fund positions on Howard Hughes Corp (NYSE:HHC) stock increased by about 11% from the previous quarter (see the chart here), so a number of other hedge fund managers believe in HHC’s growth potential. Our calculations showed that Howard Hughes Corp (NYSE:HHC) isn’t ranked among the 30 most popular stocks among hedge funds.

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Video: Top 5 Stocks Among Hedge Funds

At Insider Monkey we scour multiple sources to uncover the next great investment idea. For example, Federal Reserve has been creating trillions of dollars electronically to keep the interest rates near zero. We believe this will lead to inflation and boost real estate prices. So, we recommended this real estate stock to our monthly premium newsletter subscribers. We go through lists like the 10 most profitable companies in the world to pick the best large-cap stocks to buy. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our website:

Disclosure: None. This article is originally published at Insider Monkey.