Armada Hoffler Properties, Inc. (NYSE:AHH) has earned an average recommendation of “Hold” from the eight research firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $14.70.

Several research firms have recently issued reports on AHH. Zacks Investment Research lowered Armada Hoffler Properties from a “buy” rating to a “hold” rating in a report on Thursday, May 4th. Robert W. Baird reaffirmed an “outperform” rating and issued a $15.00 target price on shares of Armada Hoffler Properties in a report on Friday, July 14th. BidaskClub raised Armada Hoffler Properties from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Stifel Nicolaus reissued a “buy” rating and set a $15.00 price objective (up from $14.50) on shares of Armada Hoffler Properties in a report on Wednesday, May 3rd. Finally, FBR & Co reissued an “outperform” rating and set a $15.00 price objective on shares of Armada Hoffler Properties in a report on Tuesday, July 11th.

Armada Hoffler Properties (AHH) traded down 1.14% during mid-day trading on Friday, hitting $13.04. The stock had a trading volume of 1,097,692 shares. The stock has a market cap of $818.61 million, a PE ratio of 26.67 and a beta of 0.54. The firm’s 50-day moving average price is $13.16 and its 200-day moving average price is $13.58. Armada Hoffler Properties has a 1-year low of $12.52 and a 1-year high of $14.98.

Armada Hoffler Properties (NYSE:AHH) last released its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.25. The company had revenue of $26.76 million during the quarter, compared to analyst estimates of $27.18 million. Armada Hoffler Properties had a return on equity of 7.02% and a net margin of 8.04%. Armada Hoffler Properties’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.26 earnings per share. On average, equities analysts expect that Armada Hoffler Properties will post $0.41 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Wednesday, September 27th will be given a dividend of $0.19 per share. The ex-dividend date is Tuesday, September 26th. This represents a $0.76 annualized dividend and a dividend yield of 5.83%. Armada Hoffler Properties’s dividend payout ratio is currently 158.34%.

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

Large investors have recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. increased its stake in 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 last quarter. Envestnet Asset Management Inc. increased its stake in 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 last quarter. California Public Employees Retirement System increased its stake in 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 last quarter. IFP Advisors Inc increased its stake in 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 last quarter. Finally, HL Financial Services LLC increased its stake in Armada Hoffler Properties by 6.9% in the first quarter. HL Financial Services LLC now owns 13,270 shares of the real estate investment trust’s stock worth $184,000 after buying an additional 860 shares during the last quarter. Institutional investors and hedge funds own 64.65% of the company’s stock.

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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)

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