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Why Hufvudstaden stock moves

Hufvudstaden rose sharply on buyback and results.

Written after the close on ·

Updated 08:52 with news that came after the close

Why today

15,876 news analyzed today

Hufvudstaden rose sharply on buyback and results.

Hufvudstaden rose very sharply in the last session, moving against a market that fell slightly.

The company announced a share buyback of up to SEK 1 billion, meaning it may buy back its own shares.

Its third-quarter results also came out, with higher gross profit and lower vacancies.

Over the last five trading days the shares rose very sharply, far more than the market.

Today's move of +4.17% was 8.1 times a normal day's 0.5%. OMX Stockholm 30 moved −0.32% on the same day.

Hufvudstaden +4.17%OMX Stockholm 30 −0.32%Against the market

Earlier days →

See the chart in ChartCompass, with every move explained →

What analysts expect, and how often they have been right

Analysts’ estimates for Hufvudstaden.

Hufvudstaden earned more than expected in 0 out of 8 reports.

Not in the chart because no estimate and result are available: 1 of the 9 reports in this period, the latest on August 20, 2026.

For comparison, about 46% of reports from Nordic companies beat the estimate in the last three years.

The share moved in the same direction as the earnings surprise in 1 out of 6 reports with a measured move, against about 63% of reports from Nordic companies.

Ratings

Now
Buy 1Hold 5Sell 0
3 months ago
Buy 2Hold 5Sell 0

A rating is the analyst’s own opinion about the share.

Price targets

Latest price 117.90 SEK

Price targets
Low 120Average 128High 139

The average target is 127.71 SEK, +8% relative to the latest price of 117.90 SEK. The range is 120.00 SEK–139.00 SEK. A target is the analyst’s estimate of a future share price. 7 analysts gave a target.

Earnings against expectations, and the share’s reaction

Earnings against expectations, and the share’s reaction1.01.21.31.41.62024-11-07: 1.19; Expected EPS: 1.397/11’24+2.2%2025-02-13: 1.09; Expected EPS: 1.3813/2’25+2.3%2025-05-08: 1.18; Expected EPS: 1.338/5’25−1.9%2025-08-20: 1.19; Expected EPS: 1.3720/8’25—2025-11-06: 1.23; Expected EPS: 1.346/11’25+1.9%2026-02-12: 1.27; Expected EPS: 1.4512/2’26+1.8%2026-05-08: 1.30; Expected EPS: 1.518/5’26—2026-11-05: 1.32; Expected EPS: 1.345/11’26+4.2%Next reported quarter: expected earnings per share of 1.22.→11/02

Expected EPSAbove estimateBelow estimateAs expectedSEK

Percentages below show the share’s report-day move; labels are report dates.

Next reported quarter: expected earnings per share of 1.22 SEK (February 11). For the current fiscal year, expected earnings per share changed from 5.59 SEK three months ago to 5.38 SEK now. 2026 estimate: 5.38 SEK. 2027 estimate: 5.85 SEK. One analyst made the estimate for the quarter. People on the board and in management must report their trades in the share to Finansinspektionen, Sweden's financial supervisor. September 23: Buy about 173 thousand SEK. May 27: Buy about 25 thousand SEK. March 23: Buy about 173 thousand SEK. March 12: Buy about 248 thousand SEK. February 17: Buy about 253 thousand SEK.

Has the share price followed the business?

Price and earnings moved in the same direction: 2 out of 3 years. Across Nordic companies, that happens in about 60% of years. In 2025, the price changed +2% and earnings per share +132%.

Revenue, profit and market cap

Revenue, profit and market cap (bn SEK)-21021332022: 2.752022: 0.7220222023: 2.962023: -1.9320232024: 3.182024: 0.3620242025: 3.292025: 0.842025Now2026: 2.3220262027: 2.5020272022: 30.00302023: 28.75292024: 24.50242025: 24.0924Now: 22.9123

RevenueProfitMarket capHatched bars: analysts’ estimates.bn SEK

Market cap is 7.0 times 2025 revenue, against 10.9 in 2022. Profit in 2025: 837 m SEK.

Assets, liabilities and market cap

Assets, liabilities and market cap (bn SEK)01938562022: 51.242022: 19.9720222023: 48.442023: 19.6620232024: 48.872024: 20.2720242025: 50.192025: 22.332025Now2022: 30.00302023: 28.75292024: 24.50242025: 24.0924Now: 22.9123

AssetsLiabilitiesMarket capbn SEK

Assets minus liabilities leave 27.9 bn SEK for shareholders. Market cap is 0.8 times that equity.

Price and earnings moved in the same direction: 2 out of 3 years.Market cap (Now): 22.9 bn SEKRevenue 2025: 3.3 bn SEK

What the key figures say about Hufvudstaden

The figures connect what Hufvudstaden earns with what investors pay.

The line shows the share price in the same year, on its own scale. Hatched bars: analysts’ estimates.

Earnings per share6.26 SEK
NowEarnings per share2022: 3.57222023: -9.53232024: 1.80242025: 4.18252026: 5.38262027: 5.85272022: 148.302023: 142.102024: 121.102025: 124.00

Profit divided by the number of shares. Each share represents this much of the earnings.

2022–2025: -9.53 SEK–4.18 SEK. Peers: Wihlborgs Fastigheter 7.77 SEK, Wallenstam 4.53 SEK, Fabege 3.28 SEK. 2026 estimate: 5.38 SEK (4.88 SEK–5.79 SEK). 2027 estimate: 5.85 SEK (5.18 SEK–6.10 SEK).

Revenue3.3 bn SEK
NowRevenue2022: 2,745,800,000.00222023: 2,961,600,000.00232024: 3,179,200,000.00242025: 3,291,800,000.00252026: 2,321,666,670.00262027: 2,500,304,560.00272022: 148.302023: 142.102024: 121.102025: 124.00

What the company sold during the year.

2022–2025: 2.7 bn SEK–3.3 bn SEK. Peers: Wihlborgs Fastigheter 4.7 bn SEK, Wallenstam 3.4 bn SEK, Fabege 4.4 bn SEK. 2026 estimate: 2.3 bn SEK (2.3 bn SEK–2.3 bn SEK). 2027 estimate: 2.5 bn SEK (2.4 bn SEK–2.7 bn SEK).

Operating margin47.9%
2025Operating margin2022: 47.27222023: 47.81232024: 47.11242025: 47.86252022: 148.302023: 142.102024: 121.102025: 124.00

The percentage of revenue left after the costs of running the business.

2022–2025: 47.1%–47.9%. Peers: Wihlborgs Fastigheter 69.2%, Wallenstam 59.3%, Fabege 58.9%.

Return on equity4.3%
NowReturn on equity2022: 2.31222023: -6.69232024: 1.27242025: 3.00252022: 148.302023: 142.102024: 121.102025: 124.00

Profit as a percentage of shareholders’ money in the company.

2022–2025: −6.7%–3.0%. Peers: Wihlborgs Fastigheter 9.9%, Wallenstam 9.1%, Fabege 2.7%.

P/E18.8
NowP/E2022: 41.5422232024: 67.28242025: 29.67252026: 21.93262027: 20.1527

The price investors pay for each unit of annual earnings per share. Not shown for a loss.

2022–2025: 29.7–67.3. Peers: Wihlborgs Fastigheter 9.3, Wallenstam 8.7, Fabege 20.2. 2026 estimate: 21.9. 2027 estimate: 20.1.

Market cap per unit of revenue (P/S)6.87
NowMarket cap per unit of revenue (P/S)2022: 10.93222023: 9.71232024: 7.71242025: 7.32252026: 9.87262027: 9.1627

What investors pay for each unit the company sells.

2022–2025: 7.32–10.93. Peers: Wihlborgs Fastigheter 4.77, Wallenstam 7.34, Fabege 4.79. 2026 estimate: 9.87. 2027 estimate: 9.16.

Dividend per share2.90 SEK
NowDividend per share2017: 3.30172018: 3.50182019: 3.70192020: 3.90202021: 2.50212022: 2.60222023: 2.70232024: 2.70242025: 2.8025

Money paid to shareholders per share, summed by calendar year.

2017–2025: 2.50 SEK–3.90 SEK.

Dividend yield2.5%
NowDividend yield2022: 1.75222023: 1.90232024: 2.23242025: 2.2625

The ordinary yearly dividend as a percentage of the share price.

2022–2025: 1.8%–2.3%. Peers: Wihlborgs Fastigheter 4.5%, Wallenstam 1.4%, Fabege 3.3%.

Net debt / EBITDA8.12
2025Net debt / EBITDA2022: 8.3722232024: 10.66242025: 8.1225

Net debt divided by operating earnings before depreciation and amortisation.

2022–2025: 8.12–10.66. Peers: Wihlborgs Fastigheter 10.78, Wallenstam 16.15, Fabege 14.22.

More key figures
Market cap / equity (P/B)0.81
NowMarket cap / equity (P/B)2022: 0.96222023: 1.00232024: 0.86242025: 0.8625

Market cap divided by shareholders’ equity, what remains after liabilities.

2022–2025: 0.86–1.00. Peers: Wihlborgs Fastigheter 0.89, Wallenstam 0.75, Fabege 0.55.

EV / EBIT26.0
2025EV / EBIT2022: 37.3122232024: 39.49242025: 25.9725

Market cap plus net debt, divided by operating earnings. This includes debt.

2022–2025: 26.0–39.5.

Free cash flow per share6.82 SEK
NowFree cash flow per share2022: 4.81222023: 6.53232024: 6.03242025: 6.69252022: 148.302023: 142.102024: 121.102025: 124.00

Cash left after investments, divided by the number of shares.

2022–2025: 4.81 SEK–6.69 SEK. Peers: Wihlborgs Fastigheter 6.13 SEK, Wallenstam 2.19 SEK, Fabege 8.69 SEK.

Equity ratio55.5%
2025Equity ratio2022: 61.02222023: 59.43232024: 58.53242025: 55.5125

The percentage of assets financed by shareholders’ equity.

2022–2025: 55.5%–61.0%.

The dividend explained

A dividend is money paid to shareholders. Hufvudstaden paid 2.90 SEK per share in the twelve months through November 5, 2026.

On the ex-dividend day, March 20, 2026, Hufvudstaden traded without the right to the 2.90 SEK dividend. The price went from 123.40 SEK to 119.70 SEK; including the dividend, the day's change was −0.6%. Entitlement passes from the company to shareholders on the ex-day; payment comes later.

2017: 3.30 SEK2018: 3.50 SEK2019: 3.70 SEK2020: 3.90 SEK2021: 2.50 SEK2022: 2.60 SEK2023: 2.70 SEK2024: 2.70 SEK2025: 2.80 SEK2026 so far: 2.90 SEK

What to watch next, and why

The earnings report shows how Hufvudstaden's revenue and profit have changed.

  • Earnings report

    The earnings report shows how Hufvudstaden's revenue and profit have changed.

    Add to calendar
More about Hufvudstaden

Insider trades

People on the board and in management must report their trades in the share to Finansinspektionen, Sweden's financial supervisor.

  • Frida Wijkström, senior executiveBuyabout 173 thousand SEK
  • Ulrika Frisk, senior executiveBuyabout 25 thousand SEK
  • Frida Wijkström, senior executiveBuyabout 173 thousand SEK
  • Anders Nygren, CEOBuyabout 248 thousand SEK
  • Carl Fredrik Willi Persson, board memberBuyabout 253 thousand SEK

Earnings report

Next report: · Add to calendar · Google Calendar

Report day1.9%

Normal day0.5%

On its last 15 report days Hufvudstaden usually moved about 1.9%. On a normal day it moves 0.5%.

+4.17% Why? −0.41% −1.52% +1.84%

10,000 SEK in Hufvudstaden bought on November 7, 2016 is worth 10,900 SEK today, with dividends reinvested.

What would 10,000 SEK in Hufvudstaden be worth today? →

What would 10,000 SEK in Hufvudstaden be worth today?

10,900 SEK

with dividends reinvested, bought on November 7, 2016.

At worst it was worth 8,180 SEK (March 18, 2020).

The five biggest days of the journey

· +13.5% · the whole market rose 3.2% the same day

· −12.8% · the whole market fell 2.6% the same day

· −11.2% · the whole market fell 10.6% the same day

· −10.1% · the whole market fell 3.4% the same day

· +8.2% · the whole market rose 7.1% the same day

Earlier days

  • +7.77% market −0.11% Hufvudstaden rose very sharply over the week, while the broader Stockholm market was roughly flat. Read →

    Hufvudstaden rose very sharply over the week, while the broader Stockholm market was roughly flat.

    The move is very rare for the company, and the main driver was the third-quarter report published on 5 November, which showed rising gross profit and lower vacancies.

    A new A3 credit rating and a share buyback of up to SEK 1 billion, both announced the same day, likely added to the rise.

    Real Estate peers rose about 2.8% over the same days, so the sector gain partly reflects the wider move.

  • +1.99% market +0.83% Hufvudstaden rose sharply; no company news explains it. Read →

    Hufvudstaden rose sharply; no company news explains it.

    Over the last five trading days, Hufvudstaden rose clearly, a bit more than the broader Stockholm market.

    Its last-session rise was a very big move for Hufvudstaden, roughly three times a normal day.

    Over the same session, OMX Stockholm 30 rose clearly, so Hufvudstaden moved more than the market.

    The reported short-seller change is background only and does not explain the rise.

  • −0.91% market +3.01% Hufvudstaden fell slightly over the week, while the OMX Stockholm 30 rose clearly, so the company moved against the market. Read →

    Hufvudstaden fell slightly over the week, while the OMX Stockholm 30 rose clearly, so the company moved against the market.

    The move was ordinary for the stock, and trading was quieter than usual.

    Shares that short sellers have bet against fell over the week, which is dated background only.

    Its next earnings report, the quarterly results, is due on Thursday 5 November.

  • +0.82% market −3.67% Hufvudstaden, a Stockholm-listed property company, rose slightly over the last five trading days, moving against a sharply falling OMX Stockholm 30 index. Read →

    Hufvudstaden, a Stockholm-listed property company, rose slightly over the last five trading days, moving against a sharply falling OMX Stockholm 30 index.

    The company was named top office landlord for customer satisfaction in the Property Barometer survey for a ninth straight year, which likely supported sentiment.

    Brooklands, a fund that had bet on a falling share price, also stopped being a public short seller in the stock on Monday, which may have eased pressure.

    The next earnings report is due on Thursday 5 November, which investors will watch closely.

  • +1.83% market −2.51% Hufvudstaden rose sharply; no company news explains it. Read →

    Hufvudstaden rose sharply; no company news explains it.

    Hufvudstaden moved against the market in the last session, while OMX Stockholm 30 fell sharply.

    The stock's rise came with trading near its usual level, so no clear news explains it.

    The company's customer satisfaction ranking, which it kept for a ninth year, was published in the last session.

    Over the last five trading days the shares rose slightly, while the market fell clearly.

  • +1.58% market −0.89% Hufvudstaden rose sharply. Read →

    Hufvudstaden rose sharply.

    No company news explains the move.

    Over the same session, OMX Stockholm 30 fell clearly, so the stock moved against the market.

    Over the last five trading days, the stock rose sharply while the index fell slightly.

    A short seller is an investor who bets on a price fall.

  • −1.55% market −0.89% Hufvudstaden fell sharply, with no clear company news behind it. Read →

    Hufvudstaden fell sharply, with no clear company news behind it.

    Over the last five trading days its shares rose clearly, while the wider OMX Stockholm 30 index was roughly flat.

    The sharp fall in the last session came while the market itself fell clearly, so most of that move likely reflected broad market weakness.

    The only news from that session is that Brooklands no longer holds a short position, meaning a bet on a falling share price, in the stock.

  • +2.91% market +1.19% Hufvudstaden, the Stockholm-listed real estate company, rose sharply over the last five trading days, clearly outpacing a market that edged higher. Read →

    Hufvudstaden, the Stockholm-listed real estate company, rose sharply over the last five trading days, clearly outpacing a market that edged higher.

    There has been no company news about Hufvudstaden in this period, so the move most likely reflects sector and market sentiment toward property stocks: real estate shares are sensitive to interest-rate expectations, since lower rates make their rental income and property valuations more attractive.

    The broader OMX Stockholm 30 index rose only slightly over the same days, so the stock's gain was stronger than the market's.

    Watch the next earnings report on Thursday 5 November 2026, which will show the company's rental and property results.

  • +2.14% market −0.62% Hufvudstaden rose very sharply. Read →

    Hufvudstaden rose very sharply.

    In the last session the broader market dipped slightly while Hufvudstaden surged, so it moved against the market.

    A sharp rebound after that kind of pressure often reflects short sellers buying shares back to close their bets, which can push a price up quickly.

  • +1.42% market −0.02% Hufvudstaden rose sharply. Read →

    Hufvudstaden rose sharply.

    The negative news from that week, including SB1 Markets cutting its rating to neutral on weak returns and Point72 taking a new public short position, was already known before the session opened, so it cannot explain the rise.

    A sharp one-day gain in a property company like this often reflects a rebound after a sell-off or a shift in expectations for interest rates, which matter a lot for real estate shares, though neither can be confirmed here.

    The next thing to watch is the earnings report on Thursday 5 November 2026.

  • +0.00% market +0.21% Hufvudstaden, the Stockholm-listed real estate company, was roughly unchanged in the last session, while the broader OMX Stockholm 30 index was also roughly flat. Read →

    Hufvudstaden, the Stockholm-listed real estate company, was roughly unchanged in the last session, while the broader OMX Stockholm 30 index was also roughly flat.

    Over the last five trading days, however, the stock fell sharply while the index stayed roughly flat, so the weakness was specific to the company.

    The most likely driver is the downgrade to neutral from buy by SB1 Markets, which cut its price target to SEK 120 from SEK 150 and pointed to weak returns, a view that likely weighed on sentiment earlier in the week.

    A short seller, Point72, which is a fund betting the share price will fall, also disclosed a position, which may have added selling pressure.

    The next catalyst to watch is the earnings report due in early November.

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