5 Best Land and Timber Stocks To Buy

3. The Howard Hughes Corporation (NYSE:HHC)

Number of Hedge Fund Holders: 24

The Howard Hughes Corporation (NYSE:HHC) is involved in the ownership, management, and development of various commercial, residential, and mixed-use properties across the United States. The company operates through four distinct segments – Operating Assets, Master Planned Communities (MPCs), Seaport, and Strategic Developments. Howard Hughes possesses large tracts of land that can be developed over extended periods, spanning decades or even generations. The firm owns land with long-term development potential, making it one of the best land stocks to invest in. 

On October 7, 2022, Piper Sandler analyst Alexander Goldfarb maintained an Overweight rating on The Howard Hughes Corporation (NYSE:HHC) but lowered the firm’s price target on the shares to $81 from $100. 

According to Insider Monkey’s first quarter database, 24 hedge funds were bullish on The Howard Hughes Corporation (NYSE:HHC), compared to 18 funds in the prior quarter. Bill Ackman’s Pershing Square is the biggest stakeholder of the company. 

Bernzott Capital Advisors made the following comment about The Howard Hughes Corporation (NYSE:HHC) in its Q4 2022 investor letter:

“The Howard Hughes Corporation (NYSE:HHC): The real estate developer’s master planned community results were better than expected amid fears of a housing slowdown, and stabilizing interest rates eased pressure on the stock from earlier in the year. Pershing Square, a significant shareholder, tendered to purchase more shares during the quarter, highlighting value.”