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Howard Hughes (HHC) Begins Construction at Woodlands Hills
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The Howard Hughes Corporation recently announced the ground breaking at The Woodlands Hills, the company’s third master planned community in Texas.
The 2,000-acre development in Conroe and Willis, TX, will have more than 4,500 residences. The project, which will be designed in single family-home formats, is expected to be delivered in first-quarter 2018.
The premium community will have an open space area, spanning across nearly 112 acres, and 20 neighborhood parks. Further, it will comprise a Village Park, spread across 17 acres of space. The project will also offer various amenities like an event hall, a fitness facility, as well as several bike lanes for easy commutation along major roads. With a retail property and retail village center in the campus, this property is anticipated to provide a diversified range of retail options.
This master planned property is located on the FM 830, with its boundary extending to FM 1097 in the north and to the League Line Road in the south. In fact, it has sound connectivity to major roads and highways, including I-45, the Grand Parkway and the Hardy Toll Road. Particularly, the property is situated quite near to The Woodlands business hub as well as the George Bush Intercontinental Airport in Houston. Given its easy accessibility, the community is likely to enjoy high demand and occupancy.
Previously, the company had developed two master planned communities in the Houston area. The Howard Hughes developed The Woodlands and Bridgeland, which helped the company add two premium communities to its portfolio. The real estate company’s efforts to fortify its presence in the Houston markets on the back of planned community projects augur well.
The company’s Master Planned Communities segment includes the development and sale of residential and commercial land, primarily in large-scale projects in and around Columbia, MD; Houston, TX; and Las Vegas, NV.
Shares of The Howard Hughes have underperformed the industry it belongs to, year to date. The company’s shares have gained 6.8% as against the industry’s rally of 19%. Also, the Zacks Consensus Estimate for fourth-quarter 2017 earnings has been revised downward to 29 cents in a month’s time.
The Howard Hughes currently carries a Zacks Rank #4 (Sell).
Stocks to Consider
Better-ranked stocks in the real estate space include CBRE Group , LEG Immobilien AG (LEGIF - Free Report) and Jones Lang LaSalle Incorporation (JLL - Free Report) . While CBRE Group and LEG Immobilien carry a Zacks Rank of 2 (Buy), Jones Lang LaSalle sports a Zacks Rank of 1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
CBRE Group has an expected long-term growth rate of 13%. The Zacks Consensus Estimate for full-year 2017 earnings moved up to $2.67 in a month’s time.
LEG Immobilien has a long-term growth rate of 9%. Also, in a week’s time, its 2017 earnings estimate improved to $5.44
Jones Lang LaSalle currently has a long-term growth rate of 11%. The Zacks Consensus Estimate for current-year earnings has been revised upward to $8.23 in a month’s time.
Zacks’ Best Private Investment Ideas
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Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors.
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Howard Hughes (HHC) Begins Construction at Woodlands Hills
The Howard Hughes Corporation recently announced the ground breaking at The Woodlands Hills, the company’s third master planned community in Texas.
The 2,000-acre development in Conroe and Willis, TX, will have more than 4,500 residences. The project, which will be designed in single family-home formats, is expected to be delivered in first-quarter 2018.
The premium community will have an open space area, spanning across nearly 112 acres, and 20 neighborhood parks. Further, it will comprise a Village Park, spread across 17 acres of space. The project will also offer various amenities like an event hall, a fitness facility, as well as several bike lanes for easy commutation along major roads. With a retail property and retail village center in the campus, this property is anticipated to provide a diversified range of retail options.
This master planned property is located on the FM 830, with its boundary extending to FM 1097 in the north and to the League Line Road in the south. In fact, it has sound connectivity to major roads and highways, including I-45, the Grand Parkway and the Hardy Toll Road. Particularly, the property is situated quite near to The Woodlands business hub as well as the George Bush Intercontinental Airport in Houston. Given its easy accessibility, the community is likely to enjoy high demand and occupancy.
Previously, the company had developed two master planned communities in the Houston area. The Howard Hughes developed The Woodlands and Bridgeland, which helped the company add two premium communities to its portfolio. The real estate company’s efforts to fortify its presence in the Houston markets on the back of planned community projects augur well.
The company’s Master Planned Communities segment includes the development and sale of residential and commercial land, primarily in large-scale projects in and around Columbia, MD; Houston, TX; and Las Vegas, NV.
Shares of The Howard Hughes have underperformed the industry it belongs to, year to date. The company’s shares have gained 6.8% as against the industry’s rally of 19%. Also, the Zacks Consensus Estimate for fourth-quarter 2017 earnings has been revised downward to 29 cents in a month’s time.
The Howard Hughes currently carries a Zacks Rank #4 (Sell).
Stocks to Consider
Better-ranked stocks in the real estate space include CBRE Group , LEG Immobilien AG (LEGIF - Free Report) and Jones Lang LaSalle Incorporation (JLL - Free Report) . While CBRE Group and LEG Immobilien carry a Zacks Rank of 2 (Buy), Jones Lang LaSalle sports a Zacks Rank of 1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
CBRE Group has an expected long-term growth rate of 13%. The Zacks Consensus Estimate for full-year 2017 earnings moved up to $2.67 in a month’s time.
LEG Immobilien has a long-term growth rate of 9%. Also, in a week’s time, its 2017 earnings estimate improved to $5.44
Jones Lang LaSalle currently has a long-term growth rate of 11%. The Zacks Consensus Estimate for current-year earnings has been revised upward to $8.23 in a month’s time.
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors.
Click here for Zacks' private trades >>