HFF (HF) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research downgraded shares of HFF (NYSE:HF) from a buy rating to a hold rating in a research report released on Wednesday morning.

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. “

Separately, ValuEngine upgraded HFF from a hold rating to a buy rating in a research note on Sunday, December 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. HFF currently has a consensus rating of Hold and an average price target of $38.50.

Shares of HFF (NYSE HF) traded up $0.26 during mid-day trading on Wednesday, hitting $48.40. The stock had a trading volume of 228,130 shares, compared to its average volume of 234,425. The firm has a market capitalization of $1,867.27, a price-to-earnings ratio of 21.70 and a beta of 1.16. HFF has a fifty-two week low of $25.79 and a fifty-two week high of $49.31.

In other news, insider Gerard T. Sansosti sold 15,750 shares of the company’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $44.08, for a total value of $694,260.00. Following the sale, the insider now owns 118,095 shares in the company, valued at $5,205,627.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Zarraga Manuel A. De sold 40,000 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $44.19, for a total value of $1,767,600.00. Following the completion of the sale, the director now owns 227,923 shares in the company, valued at approximately $10,071,917.37. The disclosure for this sale can be found here. Insiders sold 113,959 shares of company stock worth $5,061,936 in the last 90 days. Company insiders own 5.70% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Advisor Group Inc. boosted its position in HFF by 16.7% during the second 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. Assenagon Asset Management S.A. purchased a new position in HFF during the third quarter worth approximately $1,763,000. U S Global Investors Inc. purchased a new position in HFF during the third quarter worth approximately $1,238,000. Wells Fargo & Company MN boosted its position in HFF by 23.8% during the third quarter. Wells Fargo & Company MN now owns 1,099,096 shares of the financial services provider’s stock worth $43,480,000 after purchasing an additional 211,088 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its position in HFF by 10.0% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,569,569 shares of the financial services provider’s stock worth $220,332,000 after purchasing an additional 504,994 shares in the last quarter. Institutional investors own 87.99% of the company’s stock.

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About HFF

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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