Everence Capital Management Inc. Purchases New Position in HFF, Inc. (HF)
Everence Capital Management Inc. purchased a new stake in HFF, Inc. (NYSE:HF) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,070 shares of the financial services provider’s stock, valued at approximately $242,000.
A number of other hedge funds also recently bought and sold shares of the business. BlackRock Inc. boosted its stake in shares of HFF by 0.5% during the 4th quarter. BlackRock Inc. now owns 5,586,946 shares of the financial services provider’s stock worth $185,263,000 after acquiring an additional 26,265 shares during the period. Norges Bank bought a new position in shares of HFF during the 4th quarter worth approximately $16,693,000. Epoch Investment Partners Inc. boosted its stake in shares of HFF by 23.0% during the 4th quarter. Epoch Investment Partners Inc. now owns 440,946 shares of the financial services provider’s stock worth $14,622,000 after acquiring an additional 82,331 shares during the period. Geode Capital Management LLC boosted its stake in shares of HFF by 10.0% during the 4th quarter. Geode Capital Management LLC now owns 432,970 shares of the financial services provider’s stock worth $14,356,000 after acquiring an additional 39,322 shares during the period. Finally, BTIM Corp. boosted its stake in shares of HFF by 3.8% during the 1st quarter. BTIM Corp. now owns 288,044 shares of the financial services provider’s stock worth $13,754,000 after acquiring an additional 10,500 shares during the period. Hedge funds and other institutional investors own 87.81% of the company’s stock.
Shares of NYSE HF opened at $44.41 on Monday. HFF, Inc. has a 12 month low of $31.38 and a 12 month high of $49.25. The company has a market cap of $1.77 billion, a PE ratio of 15.42 and a beta of 1.66.
Separately, Zacks Investment Research downgraded HFF from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 25th.
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HFF Company Profile
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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