HFF (HF) Cut to “Hold” at Zacks Investment Research
Zacks Investment Research cut shares of HFF (NYSE:HF) from a buy rating to a hold rating in a research report released on Wednesday.
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 shares of HFF from a hold rating to a buy rating in a research report on Sunday, December 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. HFF presently has a consensus rating of Hold and a consensus target price of $38.50.
In other news, insider Michael Tepedino sold 8,943 shares of the firm’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $43.83, for a total value of $391,971.69. Following the completion of the sale, the insider now owns 151,481 shares in the company, valued at approximately $6,639,412.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Gerard T. Sansosti sold 15,750 shares of the firm’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $44.08, for a total transaction of $694,260.00. Following the completion of the sale, the insider now owns 118,095 shares of the company’s stock, valued at approximately $5,205,627.60. The disclosure for this sale can be found here. Insiders have sold 113,959 shares of company stock valued at $5,061,936 in the last quarter. 5.70% of the stock is owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in HF. Advisor Group Inc. lifted its holdings in shares of HFF by 16.7% in the 2nd quarter. Advisor Group Inc. now owns 3,040 shares of the financial services provider’s stock worth $102,000 after acquiring an additional 434 shares during the last quarter. Ameritas Investment Partners Inc. lifted its holdings in shares of HFF by 9.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,226 shares of the financial services provider’s stock worth $112,000 after acquiring an additional 289 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of HFF in the 3rd quarter worth about $122,000. Mountain Capital Investment Advisors Inc bought a new stake in shares of HFF in the 2nd quarter worth about $129,000. Finally, Pinebridge Investments L.P. lifted its holdings in shares of HFF by 1.9% in the 2nd quarter. Pinebridge Investments L.P. now owns 4,675 shares of the financial services provider’s stock worth $163,000 after acquiring an additional 87 shares during the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.
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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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