Zacks Investment Research upgraded shares of HFF, Inc. (NYSE:HF) from a hold rating to a buy rating in a research note released on Friday morning. 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. “
Other research analysts have also recently issued research reports about the stock. BidaskClub cut shares of HFF from a strong-buy rating to a buy rating in a report on Wednesday, July 12th. ValuEngine raised shares of HFF from a hold rating to a buy rating in a report on Thursday, July 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $38.50.
HFF (NYSE:HF) traded up $0.40 during mid-day trading on Friday, reaching $44.13. The company’s stock had a trading volume of 171,780 shares, compared to its average volume of 161,523. The stock has a market capitalization of $1,702.54, a P/E ratio of 19.79 and a beta of 1.16.
In other HFF news, President Joe Thornton, Jr. sold 36,432 shares of HFF stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $37.19, for a total value of $1,354,906.08. Following the completion of the transaction, the president now owns 525,090 shares of the company’s stock, valued at $19,528,097.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Joe Thornton, Jr. sold 14,787 shares of HFF stock in a transaction on Monday, September 18th. The shares were sold at an average price of $37.33, for a total transaction of $551,998.71. Following the completion of the transaction, the president now directly 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 three months, insiders have sold 245,064 shares of company stock valued at $9,280,216. 5.70% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Advisor Group Inc. grew its position in shares of HFF by 16.7% in the second quarter. Advisor Group Inc. now owns 3,040 shares of the financial services provider’s stock valued at $102,000 after purchasing an additional 434 shares during the period. Ameritas Investment Partners Inc. grew its position in shares of HFF by 9.8% in the second quarter. Ameritas Investment Partners Inc. now owns 3,226 shares of the financial services provider’s stock valued at $112,000 after purchasing an additional 289 shares during the period. Mountain Capital Investment Advisors Inc acquired a new stake in shares of HFF in the second quarter valued at about $129,000. Pinebridge Investments L.P. grew its position in shares of HFF by 1.9% in the second quarter. Pinebridge Investments L.P. now owns 4,675 shares of the financial services provider’s stock valued at $163,000 after purchasing an additional 87 shares during the period. Finally, Profund Advisors LLC acquired a new stake in shares of HFF in the second quarter valued at about $214,000. 88.90% of the stock is owned by institutional investors.
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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