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Armada Hoffler Properties (NYSE:AHH) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a note issued to investors on Wednesday. The firm currently has a $11.00 price target on the stock. Zacks‘s price target would indicate a potential upside of 13.64% from the company’s current price.

Shares of Armada Hoffler Properties (NYSE:AHH) traded down 0.10% on Wednesday, hitting $9.68. 233,434 shares of the company’s stock traded hands. Armada Hoffler Properties has a 52-week low of $8.78 and a 52-week high of $11.00. The stock has a 50-day moving average of $9.5 and a 200-day moving average of $9.67. The company has a market cap of $186.4 million and a price-to-earnings ratio of 31.88.

Armada Hoffler Properties (NYSE:AHH) last announced its earnings results on Tuesday, August 5th. The company reported $0.21 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.20 by $0.01. The company had revenue of $15.30 million for the quarter, compared to the consensus estimate of $15.17 million. Analysts expect that Armada Hoffler Properties will post $0.79 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Thursday, October 9th. Investors of record on Wednesday, October 1st will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 6.61%. The ex-dividend date is Monday, September 29th.

AHH has been the subject of a number of other recent research reports. Analysts at Stifel Nicolaus upgraded shares of Armada Hoffler Properties from a “hold” rating to a “buy” rating in a research note on Tuesday. They now have a $11.00 price target on the stock. Analysts at Raymond James raised their price target on shares of Armada Hoffler Properties from $11.50 to $12.00 in a research note on Friday, May 16th. They now have an “outperform” rating on the stock. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Armada Hoffler Properties currently has an average rating of “Buy” and a consensus price target of $11.38.

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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