Long Pond Capital LP Lowered Its Retail Pptys Amer (RPAI) Holding as Stock Price Declined; Norman Fields Gottscho Capital Management Holds Position in Howard Hughes (HHC)

May 17, 2018 - By Winifred Garcia

The Howard Hughes Corporation (NYSE:HHC) Logo

John Khoury decreased its stake in Retail Pptys Amer Inc (RPAI) by 34.05% based on its latest 2017Q4 regulatory filing with the SEC. Long Pond Capital Lp sold 4.02M shares as the company’s stock declined 12.92% with the market. The hedge fund run by John Khoury held 7.79M shares of the consumer services company at the end of 2017Q4, valued at $104.68 million, down from 11.81M at the end of the previous reported quarter. Long Pond Capital Lp who had been investing in Retail Pptys Amer Inc for a number of months, seems to be less bullish one the $2.45B market cap company. The stock decreased 0.09% or $0.01 during the last trading session, reaching $11.19. About 699,453 shares traded. Retail Properties of America, Inc. (NYSE:RPAI) has declined 19.45% since May 17, 2017 and is downtrending. It has underperformed by 31.00% the S&P500.

Norman Fields Gottscho Capital Management Llc increased its stake in Howard Hughes Corp (HHC) by 16.78% based on its latest 2017Q4 regulatory filing with the SEC. Norman Fields Gottscho Capital Management Llc bought 3,205 shares as the company’s stock rose 5.09% while stock markets declined. The institutional investor held 22,310 shares of the real estate investment trusts company at the end of 2017Q4, valued at $2.93 million, up from 19,105 at the end of the previous reported quarter. Norman Fields Gottscho Capital Management Llc who had been investing in Howard Hughes Corp for a number of months, seems to be bullish on the $5.56 billion market cap company. It closed at $129.25 lastly. It is down 19.22% since May 17, 2017 and is uptrending. It has outperformed by 7.67% the S&P500.

Analysts await Retail Properties of America, Inc. (NYSE:RPAI) to report earnings on August, 7. They expect $0.25 EPS, down 7.41% or $0.02 from last year’s $0.27 per share. RPAI’s profit will be $54.74M for 11.19 P/E if the $0.25 EPS becomes a reality. After $0.25 actual EPS reported by Retail Properties of America, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Long Pond Capital Lp, which manages about $1.63B and $3.53B US Long portfolio, upped its stake in Macerich Co (Call) (NYSE:MAC) by 417,808 shares to 2.20 million shares, valued at $144.50M in 2017Q4, according to the filing. It also increased its holding in Vereit Inc by 14.92M shares in the quarter, for a total of 17.69M shares, and has risen its stake in Equity Residential (NYSE:EQR).

Among 9 analysts covering Retail Properties of America (NYSE:RPAI), 8 have Buy rating, 0 Sell and 1 Hold. Therefore 89% are positive. Retail Properties of America had 27 analyst reports since January 15, 2016 according to SRatingsIntel. The stock of Retail Properties of America, Inc. (NYSE:RPAI) has “Buy” rating given on Thursday, September 21 by Robert W. Baird. Credit Suisse initiated the shares of RPAI in report on Monday, January 18 with “Outperform” rating. The stock of Retail Properties of America, Inc. (NYSE:RPAI) has “Buy” rating given on Thursday, August 11 by Citigroup. The company was upgraded on Friday, December 16 by JP Morgan. JP Morgan upgraded the stock to “Overweight” rating in Friday, December 15 report. Boenning & Scattergood maintained the shares of RPAI in report on Thursday, November 2 with “Buy” rating. The rating was maintained by Jefferies with “Hold” on Monday, July 24. The rating was maintained by Robert W. Baird on Tuesday, March 20 with “Buy”. On Wednesday, March 30 the stock rating was initiated by Robert W. Baird with “Outperform”. The stock of Retail Properties of America, Inc. (NYSE:RPAI) has “Hold” rating given on Tuesday, June 20 by Jefferies.

More recent Retail Properties of America, Inc. (NYSE:RPAI) news were published by: Prnewswire.com which released: “RPAI Signs Two New Leases At Huebner Oaks In The San Antonio MSA” on April 19, 2018. Also Benzinga.com published the news titled: “5 Biggest Price Target Changes For Wednesday” on May 16, 2018. Seekingalpha.com‘s news article titled: “Retail Properties of America’s (RPAI) CEO Steve Grimes on Q1 2018 Results – Earnings Call Transcript” with publication date: May 02, 2018 was also an interesting one.

Among 7 analysts covering Howard Hughes (NYSE:HHC), 5 have Buy rating, 1 Sell and 1 Hold. Therefore 71% are positive. Howard Hughes had 12 analyst reports since August 14, 2015 according to SRatingsIntel. The rating was maintained by Compass Point with “Buy” on Monday, May 23. The rating was downgraded by TheStreet on Thursday, September 24 to “Sell”. The stock has “Buy” rating by JMP Securities on Sunday, August 16. The firm has “Buy” rating given on Friday, May 13 by Citigroup. The rating was maintained by Sandler O’Neill with “Hold” on Thursday, March 8. The stock has “Hold” rating by Sandler O’Neill on Thursday, March 30. BWS Financial initiated the stock with “Buy” rating in Thursday, June 8 report. Citigroup maintained The Howard Hughes Corporation (NYSE:HHC) rating on Wednesday, August 10. Citigroup has “Buy” rating and $166 target. Compass Point maintained The Howard Hughes Corporation (NYSE:HHC) rating on Tuesday, December 8. Compass Point has “Buy” rating and $190 target. As per Monday, October 31, the company rating was initiated by CJS Securities.

More notable recent The Howard Hughes Corporation (NYSE:HHC) news were published by: Benzinga.com which released: “Q1 13F Roundup: How Buffett, Einhorn, Ackman And Others Adjusted Their Portfolio” on May 16, 2018, also Bizjournals.com with their article: “Howard Hughes breaks ground on Central Plaza in its Ward Village in Honolulu” published on May 16, 2018, Seekingalpha.com published: “Howard Hughes Corp’s (HHC) CEO David Weinreb on Q1 2018 Results – Earnings Call Transcript” on May 02, 2018. More interesting news about The Howard Hughes Corporation (NYSE:HHC) were released by: Gurufocus.com and their article: “Bill Ackman Buys United Technologies, Axes Nike” published on May 16, 2018 as well as Bizjournals.com‘s news article titled: “‘Wonder Woman 2’ to film at Alexandria’s dead Landmark Mall” with publication date: May 03, 2018.

Since December 29, 2017, it had 0 insider buys, and 4 selling transactions for $377.34 million activity. Shares for $1.29 million were sold by Davidsohn Reuben Seth. 7,500 shares were sold by Vasquez Sarah M, worth $1.01 million on Thursday, March 15. $55.38M worth of stock was sold by Weinreb David on Wednesday, April 4.

Norman Fields Gottscho Capital Management Llc, which manages about $175.20M and $181.99 million US Long portfolio, decreased its stake in Delta Airlines Inc. (NYSE:DAL) by 7,779 shares to 74,825 shares, valued at $4.19 million in 2017Q4, according to the filing.

The Howard Hughes Corporation (NYSE:HHC) Institutional Positions Chart

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