Zacks Investment Research upgraded shares of HFF, Inc. (NYSE:HF) from a hold rating to a buy rating in a research note issued to investors on Monday, July 31st. The brokerage currently has $41.00 price target on the financial services provider’s stock.
According to Zacks, “HFF INC., operates out of eighteen offices nationwide and is a leading provider of commercial real estate and capital market services to the U.S. commercial real estate industry. HFF offers clients a fully integrated national capital markets platform including debt placement, investment sales, structured finance, private equity, note sale and note sales advisory services and commercial loan servicing. HFF incorporates capital markets knowledge with local real estate knowledge to successfully complete any type of real estate transaction, regardless of size or complexity. HFF consistently maintains the capital markets relationships critical to successfully accomplish the clients’ specific capital needs in today’s highly complex and rapidly shifting capital markets environment. “
Several other equities research analysts have also weighed in on the company. TheStreet lowered HFF from a b- rating to a c rating in a research report on Wednesday, May 17th. ValuEngine lowered HFF from a buy rating to a hold rating in a research report on Friday, June 2nd. BidaskClub upgraded HFF from a buy rating to a strong-buy rating in a research report on Wednesday, June 28th. Finally, Keefe, Bruyette & Woods restated a hold rating and set a $28.00 price target on shares of HFF in a research report on Tuesday, April 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. The stock has an average rating of Hold and an average price target of $34.50.
Shares of HFF (NYSE HF) traded down 0.95% during trading on Monday, hitting $36.65. The stock had a trading volume of 305,925 shares. The firm has a 50 day moving average price of $35.67 and a 200-day moving average price of $31.39. HFF has a 52 week low of $24.84 and a 52 week high of $38.30. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of 16.61 and a beta of 1.21.
HFF (NYSE:HF) last released its quarterly earnings results on Thursday, July 27th. The financial services provider reported $0.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.09. HFF had a return on equity of 40.20% and a net margin of 15.51%. The company had revenue of $137.36 million for the quarter, compared to analyst estimates of $127.81 million. On average, equities research analysts forecast that HFF will post $2.29 EPS for the current fiscal year.
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A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Wells Fargo & Company MN boosted its position in shares of HFF by 1.1% in the first quarter. Wells Fargo & Company MN now owns 933,037 shares of the financial services provider’s stock worth $25,818,000 after buying an additional 9,878 shares during the last quarter. Russell Investments Group Ltd. bought a new position in shares of HFF during the fourth quarter worth about $324,000. JPMorgan Chase & Co. boosted its position in shares of HFF by 10.4% in the first quarter. JPMorgan Chase & Co. now owns 2,804,217 shares of the financial services provider’s stock worth $77,593,000 after buying an additional 265,234 shares during the last quarter. Thrivent Financial For Lutherans boosted its position in shares of HFF by 0.4% in the first quarter. Thrivent Financial For Lutherans now owns 224,000 shares of the financial services provider’s stock worth $6,198,000 after buying an additional 990 shares during the last quarter. Finally, Swiss National Bank boosted its position in shares of HFF by 2.8% in the first quarter. Swiss National Bank now owns 59,600 shares of the financial services provider’s stock worth $1,649,000 after buying an additional 1,600 shares during the last quarter. Institutional investors and hedge funds own 87.76% of the company’s stock.
HFF, Inc is a holding company. The Company holds the partnership interests in Holliday Fenoglio Fowler, L.P. and HFF Securities L.P. (together, the Operating Partnerships), held through the subsidiary HFF Partnership Holdings, LLC, and all of the outstanding shares of Holliday GP Corp. (Holliday GP).
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