Armada Hoffler Properties, Inc. (AHH) Given Average Rating of “Hold” by Analysts
Armada Hoffler Properties, Inc. (NYSE:AHH) has been given a consensus rating of “Hold” by the nine research firms that are presently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $14.70.
AHH has been the subject of a number of research reports. Stifel Nicolaus reissued a “buy” rating and issued a $15.00 price target (up from $14.50) on shares of Armada Hoffler Properties in a research note on Wednesday, May 3rd. Zacks Investment Research raised shares of 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 downgraded shares of Armada Hoffler Properties from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. BidaskClub raised shares of Armada Hoffler Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Finally, Robert W. Baird reissued an “outperform” rating and issued a $15.00 price target on shares of Armada Hoffler Properties in a research note on Friday, July 14th.
Shares of Armada Hoffler Properties (NYSE AHH) traded down 0.08% during mid-day trading on Monday, reaching $13.16. The company had a trading volume of 219,751 shares. The company has a market capitalization of $497.62 million, a P/E ratio of 27.59 and a beta of 0.53. Armada Hoffler Properties has a 12-month low of $12.52 and a 12-month high of $15.50. The firm has a 50-day moving average of $13.37 and a 200-day moving average of $13.74.
Armada Hoffler Properties (NYSE:AHH) last released its quarterly earnings results on Tuesday, May 2nd. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.01. Armada Hoffler Properties had a net margin of 8.64% and a return on equity of 7.69%. The company had revenue of $27.20 million during 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 anticipate that Armada Hoffler Properties will post $0.41 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, July 6th. Shareholders of record on Wednesday, June 28th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.78%. The ex-dividend date was Monday, June 26th. Armada Hoffler Properties’s dividend payout ratio is 165.22%.
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In other Armada Hoffler Properties news, CEO Louis S. Haddad bought 10,000 shares of the firm’s stock in a transaction on Friday, June 23rd. The stock was acquired at an average price 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 of the company’s stock, valued at $3,377,239.19. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 20.87% of the stock is currently owned by company insiders.
Several institutional investors have recently made changes to their positions in the stock. Virginia Retirement Systems ET AL acquired a new position in shares of Armada Hoffler Properties during the first quarter worth $525,000. Allianz Asset Management AG acquired a new position in shares of Armada Hoffler Properties during the fourth quarter worth $239,000. Navellier & Associates Inc increased its position in shares of Armada Hoffler Properties by 24.0% in the first quarter. Navellier & Associates Inc now owns 59,557 shares of the real estate investment trust’s stock worth $827,000 after buying an additional 11,521 shares in the last quarter. FMR LLC increased its position in shares of 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 worth $27,462,000 after buying an additional 179,200 shares in the last quarter. Finally, State Street Corp increased its position in shares of Armada Hoffler Properties by 7.6% in the fourth quarter. State Street Corp now owns 642,713 shares of the real estate investment trust’s stock worth $9,365,000 after buying an additional 45,436 shares in the last quarter. 61.68% of the stock is owned by institutional investors and hedge funds.
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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