HFF Inc. (HF) Shares Up 1.9%
HFF Inc. (NYSE:HF) shot up 1.9% on Monday . The stock traded as high as $26.73 and last traded at $26.70, with a volume of 122,794 shares. The stock had previously closed at $26.19.
Several brokerages have weighed in on HF. Keefe, Bruyette & Woods lowered their price target on HFF from $32.00 to $30.00 and set a “market perform” rating for the company in a report on Wednesday, July 27th. TheStreet raised HFF from a “hold” rating to a “buy” rating in a report on Monday, July 25th. Finally, Zacks Investment Research downgraded HFF from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 28th.
The stock has a market capitalization of $1.01 billion and a PE ratio of 12.38. The company has a 50 day moving average price of $28.29 and a 200-day moving average price of $28.49.
HFF (NYSE:HF) last released its quarterly earnings results on Monday, July 25th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by $0.10. On average, analysts expect that HFF Inc. will post $2.01 EPS for the current fiscal year.
In other HFF news, CEO Mark Gibson sold 2,039 shares of the 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 completion of the sale, 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 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 sale, the president now directly owns 529,772 shares of the company’s stock, valued at $14,658,791.24. The disclosure for this sale can be found here.
A number of hedge funds recently bought and sold shares of HF. Wells Fargo & Company MN boosted its stake in HFF by 77.6% in the fourth quarter. Wells Fargo & Company MN now owns 480,030 shares of the company’s stock worth $14,914,000 after buying an additional 209,812 shares during the last quarter. Jennison Associates LLC boosted its stake in HFF by 87.0% in the fourth quarter. Jennison Associates LLC now owns 34,425 shares of the company’s stock worth $1,070,000 after buying an additional 16,014 shares during the last quarter. Finally, Bank of Montreal Can boosted its stake in HFF by 51.5% in the fourth quarter. Bank of Montreal Can now owns 44,183 shares of the company’s stock worth $1,373,000 after buying an additional 15,017 shares during the last quarter.
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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