2024-05-13 12:45:27 ET
Summary
- Bill Ackman's Pershing Square purchased an additional 3 million shares of Howard Hughes at a lower price, making it a good investment opportunity.
- Howard Hughes Holdings is a well-diversified real estate company with stable cash flows and attractive assets.
- Q1 earnings showed strong performance in operating assets and increased demand for residential land sales, indicating positive growth for the company.
- Shares are a buy with price target of at least $80.
Investment Thesis
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Howard Hughes Holdings: Follow The Insider Buying