Armada Hoffler Properties, Inc. (NYSE:AHH) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.

A number of other equities analysts have also commented on the company. Stifel Nicolaus dropped their price target on Armada Hoffler Properties from $15.00 to $14.50 and set a “buy” rating for the company in a research note on Friday, May 12th. Zacks Investment Research raised Armada Hoffler Properties from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research note on Wednesday, April 12th. ValuEngine lowered Armada Hoffler Properties from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. FBR & Co reissued an “outperform” rating and set a $15.00 price target on shares of Armada Hoffler Properties in a research note on Tuesday, July 11th. Finally, Robert W. Baird reissued an “outperform” rating and set a $15.00 price target on shares of Armada Hoffler Properties in a research note on Friday, July 14th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Armada Hoffler Properties presently has an average rating of “Hold” and a consensus price target of $14.92.

Shares of Armada Hoffler Properties (NYSE AHH) traded down 1.64% during trading on Wednesday, hitting $13.17. The company had a trading volume of 202,132 shares. The firm’s 50 day moving average is $13.37 and its 200-day moving average is $13.74. Armada Hoffler Properties has a 52 week low of $12.52 and a 52 week high of $15.50. The stock has a market capitalization of $498.00 million, a P/E ratio of 27.61 and a beta of 0.53.

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

COPYRIGHT VIOLATION WARNING: This piece of content was published by American Banking News and is owned by of American Banking News. If you are viewing this piece of content on another domain, it was stolen and republished in violation of U.S. & international trademark and copyright legislation. The original version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/07/23/armada-hoffler-properties-inc-nyseahh-upgraded-at-bidaskclub.html.

In other news, CEO Louis S. Haddad purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, June 23rd. The stock was bought at an average cost of $13.39 per share, with a total value of $133,900.00. Following the completion of the purchase, the chief executive officer now owns 252,221 shares in the company, valued at $3,377,239.19. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 20.87% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of AHH. Cambridge Investment Research Advisors Inc. increased its stake in shares of Armada Hoffler Properties by 0.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 12,035 shares of the real estate investment trust’s stock worth $167,000 after buying an additional 87 shares during the period. Metropolitan Life Insurance Co. NY increased its stake in shares of Armada Hoffler Properties by 0.8% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 28,556 shares of the real estate investment trust’s stock worth $416,000 after buying an additional 223 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Armada Hoffler Properties by 2.4% in the first quarter. Envestnet Asset Management Inc. now owns 10,738 shares of the real estate investment trust’s stock worth $149,000 after buying an additional 252 shares during the period. California Public Employees Retirement System increased its stake in shares of Armada Hoffler Properties by 0.3% in the first quarter. California Public Employees Retirement System now owns 117,800 shares of the real estate investment trust’s stock worth $1,636,000 after buying an additional 400 shares during the period. Finally, IFP Advisors Inc increased its stake in shares of Armada Hoffler Properties by 4.4% in the first quarter. IFP Advisors Inc now owns 17,638 shares of the real estate investment trust’s stock worth $245,000 after buying an additional 741 shares during the period. Institutional investors and hedge funds own 61.55% of the company’s stock.

Armada Hoffler Properties Company Profile

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.

Analyst Recommendations for Armada Hoffler Properties (NYSE:AHH)

Receive News & Ratings for Armada Hoffler Properties Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Armada Hoffler Properties Inc. and related companies with MarketBeat.com's FREE daily email newsletter.