TheStreet Downgrades HFF (HF) to C+

TheStreet lowered shares of HFF (NYSE:HF) from a b rating to a c+ rating in a report issued on Wednesday.

HF has been the subject of several other reports. Zacks Investment Research raised shares of HFF from a hold rating to a buy rating and set a $41.00 target price for the company in a research report on Thursday. ValuEngine raised shares of HFF from a hold rating to a buy rating in a research report on Saturday, July 28th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. HFF presently has an average rating of Hold and a consensus target price of $41.00.

Shares of HF opened at $37.85 on Wednesday. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of 15.31 and a beta of 1.07. HFF has a twelve month low of $32.99 and a twelve month high of $51.74.

HFF (NYSE:HF) last announced its quarterly earnings results on Tuesday, October 30th. The financial services provider reported $0.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.10. The business had revenue of $161.39 million during the quarter, compared to analysts’ expectations of $154.60 million. HFF had a net margin of 16.66% and a return on equity of 40.08%. As a group, equities research analysts expect that HFF will post 2.67 earnings per share for the current fiscal year.

In other news, CEO Mark Gibson sold 34,763 shares of the firm’s stock in a transaction dated Tuesday, September 25th. The shares were sold at an average price of $44.13, for a total value of $1,534,091.19. Following the completion of the sale, the chief executive officer now directly owns 422,028 shares of the company’s stock, valued at approximately $18,624,095.64. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Joe Thornton, Jr. sold 19,453 shares of the firm’s stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $41.93, for a total transaction of $815,664.29. Following the completion of the sale, the president now directly owns 385,929 shares of the company’s stock, valued at $16,182,002.97. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 132,244 shares of company stock valued at $5,696,330. Corporate insiders own 4.90% of the company’s stock.

Large investors have recently bought and sold shares of the company. Cubist Systematic Strategies LLC bought a new position in shares of HFF in the 1st quarter worth about $134,000. Millennium Management LLC increased its stake in shares of HFF by 181.0% in the 1st quarter. Millennium Management LLC now owns 158,186 shares of the financial services provider’s stock worth $7,862,000 after acquiring an additional 101,889 shares in the last quarter. Legal & General Group Plc increased its stake in shares of HFF by 3.4% in the 1st quarter. Legal & General Group Plc now owns 78,609 shares of the financial services provider’s stock worth $3,872,000 after acquiring an additional 2,588 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of HFF by 0.7% in the 1st quarter. Principal Financial Group Inc. now owns 282,769 shares of the financial services provider’s stock worth $14,054,000 after acquiring an additional 1,876 shares in the last quarter. Finally, Aperio Group LLC increased its stake in shares of HFF by 12.4% in the 2nd quarter. Aperio Group LLC now owns 13,954 shares of the financial services provider’s stock worth $479,000 after acquiring an additional 1,544 shares in the last quarter. 91.65% of the stock is owned by hedge funds and other institutional investors.

HFF Company Profile

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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