HFF, Inc. (HF) Upgraded to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of HFF, Inc. (NYSE:HF) from a hold rating to a buy rating in a report published on Friday, November 3rd. Zacks Investment Research currently has $49.00 target price 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. “

A number of other equities research analysts also recently commented on HF. BidaskClub downgraded HFF from a strong-buy rating to a buy rating in a report on Wednesday, July 12th. ValuEngine raised HFF from a hold rating to a buy rating in a report on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of Hold and an average target price of $38.50.

Shares of HFF (NYSE HF) traded down $0.52 during midday trading on Friday, hitting $45.54. The company had a trading volume of 132,793 shares, compared to its average volume of 165,454. HFF has a 52-week low of $25.79 and a 52-week high of $46.45. The firm has a market capitalization of $1,738.39, a P/E ratio of 20.21 and a beta of 1.16.

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In other news, CEO Mark Gibson sold 37,331 shares of the firm’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $37.19, for a total value of $1,388,339.89. Following the completion of the transaction, the chief executive officer now owns 518,956 shares in the company, valued at $19,299,973.64. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, President Joe Thornton, Jr. sold 14,787 shares of the firm’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $37.33, for a total value of $551,998.71. Following the completion of the transaction, the president now owns 525,090 shares of the company’s stock, valued at approximately $19,601,609.70. The disclosure for this sale can be found here. In the last 90 days, insiders sold 302,658 shares of company stock valued at $11,849,092. Company insiders own 5.70% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Advisor Group Inc. increased its position in HFF by 16.7% during the 2nd quarter. Advisor Group Inc. now owns 3,040 shares of the financial services provider’s stock worth $102,000 after purchasing an additional 434 shares in the last quarter. Ameritas Investment Partners Inc. increased its position in HFF by 9.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,226 shares of the financial services provider’s stock worth $112,000 after purchasing an additional 289 shares in the last quarter. SG Americas Securities LLC purchased a new stake in HFF during the 3rd quarter worth about $122,000. Mountain Capital Investment Advisors Inc purchased a new stake in HFF during the 2nd quarter worth about $129,000. Finally, Pinebridge Investments L.P. increased its position in HFF by 1.9% during the 2nd quarter. Pinebridge Investments L.P. now owns 4,675 shares of the financial services provider’s stock worth $163,000 after purchasing an additional 87 shares in the last quarter. Institutional investors and hedge funds own 88.04% of the company’s stock.

HFF Company Profile

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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