HFF Inc. (HF) Trading 2.8% Higher
HFF Inc. (NYSE:HF) traded up 2.8% on Friday . The company traded as high as $27.95 and last traded at $27.50, with a volume of 139,826 shares. The stock had previously closed at $26.74.
HF has been the topic of a number of recent research reports. 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. TheStreet upgraded HFF from a “hold” rating to a “buy” rating in a research report on Monday, July 25th. Finally, Zacks Investment Research lowered HFF from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 28th.
The company has a market cap of $1.05 billion and a price-to-earnings ratio of 12.81. The company has a 50 day moving average of $27.90 and a 200-day moving average of $28.60.
HFF (NYSE:HF) last released its quarterly earnings results on Monday, July 25th. The company reported $0.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.51 by $0.10. Equities research analysts forecast that HFF Inc. will post $2.02 earnings per share for the current year.
In related news, President Joe Thornton, Jr. sold 39,827 shares of the company’s stock in a transaction on Tuesday, July 26th. The stock was sold at an average price of $28.12, for a total value of $1,119,935.24. Following the completion of the transaction, the president now directly owns 706,679 shares in the company, valued at $19,871,813.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mark Gibson sold 2,039 shares of the company’s stock in a transaction on Monday, August 15th. The shares were sold at an average price of $27.67, for a total value of $56,419.13. Following the completion of the transaction, the chief executive officer now owns 538,775 shares of the company’s stock, valued at $14,907,904.25. The disclosure for this sale can be found here.
An institutional investor recently raised its position in HFF stock. Jennison Associates LLC raised its stake in shares of HFF Inc. (NYSE:HF) by 87.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,425 shares of the company’s stock after buying an additional 16,014 shares during the period. Jennison Associates LLC owned approximately 0.09% of HFF worth $1,070,000 as of its most recent SEC filing.
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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