First Trust Advisors LP Raises Position in HFF, Inc. (HF)
First Trust Advisors LP increased its position in shares of HFF, Inc. (NYSE:HF) by 15.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 73,870 shares of the financial services provider’s stock after acquiring an additional 9,800 shares during the period. First Trust Advisors LP’s holdings in HFF were worth $2,537,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Point72 Asia Hong Kong Ltd bought a new stake in shares of HFF in the 1st quarter valued at about $107,000. SG Americas Securities LLC bought a new stake in shares of HFF in the 1st quarter valued at about $119,000. Cubist Systematic Strategies LLC bought a new stake in shares of HFF in the 1st quarter valued at about $134,000. Asset Management One Co. Ltd. bought a new stake in shares of HFF in the 1st quarter valued at about $135,000. Finally, C M Bidwell & Associates Ltd. bought a new stake in shares of HFF in the 1st quarter valued at about $157,000. Institutional investors and hedge funds own 92.86% of the company’s stock.
HF has been the topic of a number of analyst reports. Zacks Investment Research upgraded HFF from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 27th. ValuEngine lowered HFF from a “hold” rating to a “sell” rating in a research report on Wednesday, June 27th. Finally, TheStreet upgraded HFF from a “c” rating to a “b-” rating in a research report on Friday, July 27th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. HFF has an average rating of “Hold” and an average target price of $45.00.
HFF (NYSE:HF) last released its quarterly earnings results on Thursday, July 26th. The financial services provider reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.13. HFF had a return on equity of 37.50% and a net margin of 15.72%. The firm had revenue of $153.73 million for the quarter, compared to analyst estimates of $139.00 million. equities research analysts expect that HFF, Inc. will post 2.63 earnings per share for the current fiscal year.
HFF, Inc provides commercial real estate and capital market services to the users and providers of capital primarily in the United States commercial real estate industry. The company offers debt placement services, such as construction and construction/mini-permanent loans, adjustable and fixed rate mortgages, entity level debts, mezzanine debts, forward delivery loans, tax exempt financing, and sale/leaseback financing to the owners of various properties comprising office, retail, industrial, hotel, multi-housing, student housing, self-storage, senior living, independent living, assisted living, nursing homes, condominiums and condominium conversions, mixed-use properties, and land.
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