HFF Inc. (HF) Sees Large Volume Increase
Shares of HFF Inc. (NYSE:HF) saw unusually-high trading volume on Friday . Approximately 261,002 shares traded hands during mid-day 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.
A number of brokerages have recently issued reports on HF. Zacks Investment Research downgraded HFF from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 28th. Keefe, Bruyette & Woods began coverage on HFF in a research report on Monday, May 16th. They set a “market perform” rating and a $34.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $40.00.
The company has a 50 day moving average of $30.02 and a 200-day moving average of $28.43. The firm has a market capitalization of $1.12 billion and a price-to-earnings ratio of 12.91.
HFF (NYSE:HF) last issued its earnings results on Thursday, April 28th. The company reported $0.25 EPS for the quarter, beating the consensus estimate 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. Equities analysts forecast that HFF Inc. will post $2.21 EPS for the current fiscal year.
In other HFF news, Director Matthew D. Lawton sold 25,000 shares of the stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $32.96, for a total transaction of $824,000.00. Following the sale, the director now directly owns 285,656 shares in the company, valued at approximately $9,415,221.76. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John Fowler sold 21,000 shares of the 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 sale, the director now owns 333,431 shares in the company, valued at $10,643,117.52. The disclosure for this sale can be found here.
A number of hedge funds have modified their holdings of the stock. California State Teachers Retirement System increased its stake in shares of HFF by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 70,145 shares of the company’s stock valued at $2,179,000 after buying an additional 1,148 shares in the last quarter. Morgan Stanley boosted its position in HFF by 58.6% in the fourth quarter. Morgan Stanley now owns 310,744 shares of the company’s stock valued at $9,655,000 after buying an additional 114,869 shares during the last quarter. Bank of Montreal Can boosted its position in HFF by 51.5% in the fourth quarter. Bank of Montreal Can now owns 44,183 shares of the company’s stock valued at $1,373,000 after buying an additional 15,017 shares during the last quarter. Wells Fargo & Company MN boosted its position in HFF by 77.6% in the fourth quarter. Wells Fargo & Company MN now owns 480,030 shares of the company’s stock valued at $14,914,000 after buying an additional 209,812 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in HFF by 1.0% in the fourth quarter. Principal Financial Group Inc. now owns 227,110 shares of the company’s stock valued at $7,056,000 after buying an additional 2,345 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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