Howard Hughes Corporation (ticker: $HHH) experienced a 5.4% increase in its stock price, reaching $90 per share, contributing to a market capitalization of approximately $5.4 billion. The company has around 60 million shares outstanding. Additionally, a management fee of about $80 million represents 1.5% of the company's revenue, which is noted to be high margin. Analysts suggest that Howard Hughes should consider running a strategic process to capitalize on its equity upside optionality.