HFF Inc. (HF) Stock Rating Upgraded by Zacks Investment Research
HFF Inc. (NYSE:HF) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued 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. “
A number of other equities research analysts have also issued reports on the company. TheStreet raised 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 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 27.50 on Wednesday. HFF has a 12 month low of $21.36 and a 12 month high of $37.75. The company has a 50-day moving average price of $27.06 and a 200 day moving average price of $28.83. The company has a market capitalization of $1.05 billion, a PE ratio of 12.81 and a beta of 1.89.
HFF (NYSE:HF) last announced its earnings results on Monday, July 25th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.51 by $0.10. HFF had a net margin of 16.05% and a return on equity of 44.99%. On average, equities research analysts forecast that HFF will post $2.02 EPS for the current fiscal year.
In related news, CEO Mark Gibson sold 2,039 shares of the business’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $27.67, for a total transaction of $56,419.13. Following the transaction, the chief executive officer now directly owns 538,775 shares of the company’s stock, valued at approximately $14,907,904.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Joe Thornton, Jr. sold 3,184 shares of the business’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $27.67, for a total value 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. Company insiders own 7.40% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of HF. TimesSquare Capital Management LLC acquired a new position in HFF during the first quarter worth $50,143,000. Kayne Anderson Rudnick Investment Management LLC raised its position in HFF by 22.8% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,463,565 shares of the company’s stock worth $100,028,000 after buying an additional 643,725 shares during the last quarter. Goldman Sachs Group Inc. raised its position in HFF by 7,978.1% in the first quarter. Goldman Sachs Group Inc. now owns 636,314 shares of the company’s stock worth $17,518,000 after buying an additional 628,437 shares during the last quarter. Norges Bank acquired a new position in HFF during the fourth quarter worth $11,400,000. Finally, JPMorgan Chase & Co. raised its position in HFF by 20.7% in the first quarter. JPMorgan Chase & Co. now owns 1,916,344 shares of the company’s stock worth $52,758,000 after buying an additional 328,304 shares during the last quarter. 84.96% of the stock is currently owned by institutional investors and hedge funds.
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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