Armada Hoffler Properties Price Target Raised to $12.00 at Raymond James (AHH)
Research analysts at Raymond James raised their price target on shares of Armada Hoffler Properties (NYSE:AHH) from $11.50 to $12.00 in a report released on Friday, AnalystRatingsNetwork.com reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price target indicates a potential upside of 23.20% from the company’s current price.
Shares of Armada Hoffler Properties (NYSE:AHH) traded up 1.14% during mid-day trading on Friday, hitting $9.74. 73,686 shares of the company’s stock traded hands. Armada Hoffler Properties has a one year low of $8.78 and a one year high of $11.84. The stock has a 50-day moving average of $9.79 and a 200-day moving average of $9.73. The company has a market cap of $187.5 million and a P/E ratio of 25.01.
Armada Hoffler Properties (NYSE:AHH) last issued its quarterly earnings data on Tuesday, May 13th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.04. The company had revenue of $15.20 million for the quarter, compared to the consensus estimate of $15.12 million. On average, analysts predict that Armada Hoffler Properties will post $0.79 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, July 10th. Stockholders of record on Tuesday, July 1st will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 6.57%. The ex-dividend date is Friday, June 27th.
Armada Hoffler Properties, Inc is a full-service real estate company. The Company is engaged in developing, building, owning and managing office, retail and multifamily properties throughout the Mid-Atlantic United States.
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