Armada Hoffler Properties Inc. (AHH) Coverage Initiated at DA Davidson
Stock analysts at DA Davidson initiated coverage on shares of Armada Hoffler Properties Inc. (NYSE:AHH) in a research note issued to investors on Friday, The Fly reports. The brokerage set a “buy” rating on the stock.
Other equities analysts have also issued reports about the company. TheStreet raised Armada Hoffler Properties from a “hold” rating to a “buy” rating in a report on Tuesday, August 2nd. Wunderlich increased their price objective on Armada Hoffler Properties from $13.00 to $15.50 and gave the company a “buy” rating in a report on Wednesday, August 3rd. Zacks Investment Research raised Armada Hoffler Properties from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a report on Monday, June 27th. Finally, Stifel Nicolaus increased their price objective on Armada Hoffler Properties from $13.00 to $15.50 and gave the company a “buy” rating in a report on Wednesday, August 3rd. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $14.38.
Armada Hoffler Properties (NYSE:AHH) opened at 13.10 on Friday. The stock’s 50 day moving average price is $13.43 and its 200-day moving average price is $13.01. Armada Hoffler Properties has a 12-month low of $9.76 and a 12-month high of $15.50. The firm has a market cap of $643.83 million, a PE ratio of 13.92 and a beta of 0.55.
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Armada Hoffler Properties (NYSE:AHH) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.26 EPS for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.03. The company earned $24.25 million during the quarter, compared to the consensus estimate of $23.83 million. Armada Hoffler Properties had a return on equity of 17.77% and a net margin of 16.60%. Armada Hoffler Properties’s revenue was up 22.1% compared to the same quarter last year. Equities research analysts anticipate that Armada Hoffler Properties will post $0.98 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, October 6th. Stockholders of record on Wednesday, September 28th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.50%. The ex-dividend date of this dividend was Monday, September 26th. Armada Hoffler Properties’s payout ratio is currently 78.26%.
Institutional investors have recently bought and sold shares of the company. Sanders Morris Harris Inc. raised its position in Armada Hoffler Properties by 0.4% in the second quarter. Sanders Morris Harris Inc. now owns 79,380 shares of the company’s stock worth $1,091,000 after buying an additional 310 shares during the last quarter. Teachers Advisors Inc. raised its position in Armada Hoffler Properties by 1.1% in the second quarter. Teachers Advisors Inc. now owns 60,911 shares of the company’s stock worth $837,000 after buying an additional 663 shares during the last quarter. State Board of Administration of Florida Retirement System raised its position in Armada Hoffler Properties by 7.1% in the second quarter. State Board of Administration of Florida Retirement System now owns 14,434 shares of the company’s stock worth $198,000 after buying an additional 955 shares during the last quarter. IFP Advisors Inc raised its position in Armada Hoffler Properties by 6.0% in the second quarter. IFP Advisors Inc now owns 19,341 shares of the company’s stock worth $266,000 after buying an additional 1,092 shares during the last quarter. Finally, Albert D Mason Inc. raised its position in Armada Hoffler Properties by 2.5% in the second quarter. Albert D Mason Inc. now owns 44,255 shares of the company’s stock worth $608,000 after buying an additional 1,100 shares during the last quarter. 69.92% of the stock is owned by hedge funds and other institutional investors.
Armada Hoffler Properties Company Profile
Armada Hoffler Properties, Inc is a real estate company engaged in developing, building, owning and managing institutional-grade office, retail and multifamily properties in markets across the Mid-Atlantic United States, including Virginia, Maryland, North Carolina and South Carolina. The Company operates through four segments: office real estate, retail real estate, multifamily residential real estate, and general contracting and real estate services.
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