Affinity Investment Advisors LLC cut its holdings in HFF, Inc. (NYSE:HF) by 6.3% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 10,024 shares of the financial services provider’s stock after selling 676 shares during the quarter. Affinity Investment Advisors LLC’s holdings in HFF were worth $479,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in HF. Norges Bank purchased a new stake in shares of HFF in the 4th quarter worth about $16,693,000. Vanguard Group Inc. boosted its position in shares of HFF by 7.8% in the 3rd quarter. Vanguard Group Inc. now owns 5,866,032 shares of the financial services provider’s stock worth $249,189,000 after buying an additional 425,524 shares in the last quarter. Water Island Capital LLC purchased a new stake in shares of HFF in the 1st quarter worth about $10,298,000. SG Americas Securities LLC purchased a new stake in shares of HFF in the 1st quarter worth about $4,720,000. Finally, MERIAN GLOBAL INVESTORS UK Ltd boosted its position in shares of HFF by 136.0% in the 4th quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 155,346 shares of the financial services provider’s stock worth $5,151,000 after buying an additional 89,509 shares in the last quarter. Institutional investors and hedge funds own 87.81% of the company’s stock.
Separately, Zacks Investment Research upgraded shares of HFF from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a report on Tuesday, January 22nd.
NYSE:HF opened at $44.85 on Friday. The stock has a market capitalization of $1.79 billion, a price-to-earnings ratio of 15.57 and a beta of 1.66. HFF, Inc. has a 12-month low of $31.38 and a 12-month high of $49.25.
HFF (NYSE:HF) last released its earnings results on Wednesday, April 24th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.27. The company had revenue of $159.18 million for the quarter, compared to analyst estimates of $144.60 million. HFF had a net margin of 18.38% and a return on equity of 41.56%. As a group, equities research analysts predict that HFF, Inc. will post 3.03 earnings per share for the current year.
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HFF, Inc provides commercial real estate and capital market services to the consumers and providers of capital in the commercial real estate industry in the United States. The company offers debt placement services, such as construction and construction/mini-permanent loans, adjustable and fixed rate mortgages, bridge loans, entity level and mezzanine debts, forward delivery loans, and tax exempt and sale/leaseback financing to the owners of various properties comprising office, retail, industrial, hotel, multi-housing, student housing, self-storage, nursing homes, condominiums and condominium conversions, mixed-use properties, and land, as well as senior, independent, and assisted living facilities.
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