Armada Hoffler Properties, Inc. (NYSE:AHH) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Saturday.

Other equities research analysts also recently issued reports about the company. Zacks Investment Research downgraded Armada Hoffler Properties from a “buy” rating to a “hold” rating in a report on Thursday, May 4th. ValuEngine downgraded Armada Hoffler Properties from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $15.00 price target (up from $14.50) on shares of Armada Hoffler Properties in a report on Wednesday, May 3rd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $14.88.

Armada Hoffler Properties (NYSE AHH) traded up 0.24% during trading on Friday, hitting $12.79. The stock had a trading volume of 391,428 shares. Armada Hoffler Properties has a 12 month low of $12.52 and a 12 month high of $15.50. The stock has a market cap of $483.63 million, a price-to-earnings ratio of 26.81 and a beta of 0.53. The stock has a 50 day moving average price of $13.38 and a 200-day moving average price of $13.87.

Armada Hoffler Properties (NYSE:AHH) last issued its quarterly earnings results on Tuesday, May 2nd. The real estate investment trust reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.01. Armada Hoffler Properties had a return on equity of 7.69% and a net margin of 8.64%. The firm had revenue of $27.20 million for the quarter, compared to the consensus estimate of $26.87 million. Armada Hoffler Properties’s revenue was up 16.7% on a year-over-year basis. On average, equities analysts predict that Armada Hoffler Properties will post $0.41 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 6th. Shareholders of record on Wednesday, June 28th were issued a dividend of $0.19 per share. The ex-dividend date was Monday, June 26th. This represents a $0.76 annualized dividend and a yield of 5.94%. Armada Hoffler Properties’s payout ratio is currently 165.22%.

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In other news, CEO Louis S. Haddad acquired 10,000 shares of Armada Hoffler Properties stock in a transaction on Friday, June 23rd. The shares were bought at an average cost of $13.39 per share, for a total transaction of $133,900.00. Following the acquisition, the chief executive officer now directly owns 252,221 shares of the company’s stock, valued at approximately $3,377,239.19. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 20.87% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AHH. Vanguard Group Inc. increased its position in Armada Hoffler Properties by 7.8% in the first quarter. Vanguard Group Inc. now owns 4,443,648 shares of the real estate investment trust’s stock valued at $61,722,000 after buying an additional 322,486 shares during the last quarter. Alliancebernstein L.P. increased its position in Armada Hoffler Properties by 108.2% in the first quarter. Alliancebernstein L.P. now owns 2,446,621 shares of the real estate investment trust’s stock valued at $33,984,000 after buying an additional 1,271,592 shares during the last quarter. FMR LLC increased its position in Armada Hoffler Properties by 10.5% in the fourth quarter. FMR LLC now owns 1,884,814 shares of the real estate investment trust’s stock valued at $27,462,000 after buying an additional 179,200 shares during the last quarter. Renaissance Technologies LLC increased its position in Armada Hoffler Properties by 8.3% in the first quarter. Renaissance Technologies LLC now owns 1,497,300 shares of the real estate investment trust’s stock valued at $20,797,000 after buying an additional 115,100 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in Armada Hoffler Properties by 10.1% in the first quarter. Principal Financial Group Inc. now owns 1,003,920 shares of the real estate investment trust’s stock valued at $13,944,000 after buying an additional 92,413 shares during the last quarter. Institutional investors own 62.07% of the company’s stock.

About Armada Hoffler Properties

Armada Hoffler Properties, Inc is a real estate company. The Company is engaged in developing, building, owning and managing institutional-grade office, retail and multifamily properties in various markets throughout the Mid-Atlantic and Southeastern United States. In addition to the ownership of its operating property portfolio, the Company develops and builds properties for its own account and through joint ventures between the Company and unaffiliated partners.

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