HFF Inc. (HF) Sees Strong Trading Volume
HFF Inc. (NYSE:HF) saw an uptick in trading volume on Friday . 261,002 shares were traded during trading, an increase of 33% from the previous session’s volume of 196,700 shares.The stock last traded at $29.21 and had previously closed at $29.60.
Several brokerages have issued reports on HF. Zacks Investment Research lowered HFF from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 28th. Keefe, Bruyette & Woods began coverage on HFF in a report on Monday, May 16th. They set a “market perform” rating and a $34.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $40.00.
The company has a market cap of $1.12 billion and a PE ratio of 12.91. The stock has a 50-day moving average price of $30.02 and a 200-day moving average price of $28.43.
HFF (NYSE:HF) last announced its quarterly earnings results on Thursday, April 28th. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The business had revenue of $117.50 million for the quarter, compared to analysts’ expectations of $95.56 million. On average, equities research analysts expect that HFF Inc. will post $2.21 EPS for the current year.
In other HFF news, Director John Fowler sold 21,000 shares of the business’s stock in a transaction on Friday, June 10th. The shares were sold at an average price of $31.92, for a total value of $670,320.00. Following the transaction, the director now owns 333,431 shares in the company, valued at approximately $10,643,117.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Matthew D. Lawton sold 4,145 shares of the business’s stock in a transaction on Wednesday, June 8th. The stock was sold at an average price of $33.13, for a total transaction of $137,323.85. Following the completion of the transaction, the director now owns 271,511 shares in the company, valued at approximately $8,995,159.43. The disclosure for this sale can be found here.
Other institutional investors have recently modified their holdings of the company. Wells Fargo & Company MN raised its position in shares of 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 in the last quarter. Morgan Stanley raised its position in shares of HFF by 58.6% in the fourth quarter. Morgan Stanley now owns 310,744 shares of the company’s stock worth $9,655,000 after buying an additional 114,869 shares in the last quarter. Jennison Associates LLC raised its position in shares of 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 in the last quarter. Bank of Montreal Can raised its position in shares of 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 in the last quarter. Finally, State of New Jersey Common Pension Fund D raised its position in shares of HFF by 27.0% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 47,000 shares of the company’s stock worth $1,460,000 after buying an additional 10,000 shares in 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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