HFF Inc. (NYSE:HF) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.
According to Zacks, “HFF INC., operates out of eighteen offices nationwide and is a leading provider of commercial real estate and capital market services to the U.S. commercial real estate industry. HFF offers clients a fully integrated national capital markets platform including debt placement, investment sales, structured finance, private equity, note sale and note sales advisory services and commercial loan servicing. HFF incorporates capital markets knowledge with local real estate knowledge to successfully complete any type of real estate transaction, regardless of size or complexity. HFF consistently maintains the capital markets relationships critical to successfully accomplish the clients’ specific capital needs in today’s highly complex and rapidly shifting capital markets environment. “
Several other research firms also recently weighed in on HF. TheStreet raised shares of HFF from a “hold” rating to a “buy” rating in a research report on Monday, July 25th. Keefe, Bruyette & Woods dropped their target price on shares of HFF from $32.00 to $30.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 27th.
HFF (NYSE:HF) opened at 26.94 on Wednesday. The stock has a market cap of $1.03 billion, a P/E ratio of 12.55 and a beta of 1.89. HFF has a 52 week low of $21.36 and a 52 week high of $37.75. The stock has a 50 day moving average of $27.01 and a 200-day moving average of $28.80.
HFF (NYSE:HF) last released its earnings results on Monday, July 25th. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by $0.10. HFF had a return on equity of 44.99% and a net margin of 16.05%. Analysts forecast that HFF will post $2.02 earnings per share for the current year.
In related news, CEO Mark Gibson sold 17,849 shares of the business’s stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $29.54, for a total transaction of $527,259.46. Following the transaction, the chief executive officer now directly owns 685,006 shares of the company’s stock, valued at $20,235,077.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Joe Thornton, Jr. sold 3,184 shares of the business’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $27.67, for a total transaction of $88,101.28. Following the transaction, the president now directly owns 529,772 shares in the company, valued at $14,658,791.24. The disclosure for this sale can be found here. 7.40% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Capstone Asset Management Co. increased its stake in HFF by 11.5% in the second quarter. Capstone Asset Management Co. now owns 13,650 shares of the company’s stock valued at $394,000 after buying an additional 1,410 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in HFF by 7,978.1% in the first quarter. Goldman Sachs Group Inc. now owns 636,314 shares of the company’s stock valued at $17,518,000 after buying an additional 628,437 shares in the last quarter. Prudential Financial Inc. increased its stake in HFF by 3.0% in the first quarter. Prudential Financial Inc. now owns 115,055 shares of the company’s stock valued at $3,167,000 after buying an additional 3,300 shares in the last quarter. Bank of Montreal Can acquired a new stake in HFF during the second quarter valued at approximately $1,576,000. Finally, Smith Asset Management Group LP increased its stake in HFF by 65.0% in the second quarter. Smith Asset Management Group LP now owns 53,170 shares of the company’s stock valued at $1,536,000 after buying an additional 20,950 shares in the last quarter. 84.96% of the stock is currently owned by hedge funds and other institutional investors.
HFF Company Profile
HFF, Inc is a provider of commercial real estate and capital markets services to both the users and providers of capital in the United States commercial real estate industry. The Company offers capital markets services, including debt placement; investment sales; distressed debt and real estate owned advisory services; equity placement; investment banking and advisory services; loan sales, and commercial loan servicing.
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