Stifel Nicolaus Reiterates Hold Rating for Armada Hoffler Properties, Inc. (AHH)
Armada Hoffler Properties, Inc. (NYSE:AHH)‘s stock had its “hold” rating reaffirmed by research analysts at Stifel Nicolaus in a research report issued on Thursday. They currently have a $14.00 target price on the real estate investment trust’s stock. Stifel Nicolaus’ target price would suggest a potential upside of 2.56% from the company’s current price.
Several other research firms also recently commented on AHH. Zacks Investment Research downgraded Armada Hoffler Properties from a “hold” rating to a “strong sell” rating in a research report on Friday, June 16th. BidaskClub downgraded Armada Hoffler Properties from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. Bank of America Corporation assumed coverage on Armada Hoffler Properties in a research report on Wednesday, September 6th. They issued a “buy” rating and a $15.00 target price on the stock. ValuEngine downgraded Armada Hoffler Properties from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $15.00 price target on shares of Armada Hoffler Properties in a research note on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $14.93.
Shares of Armada Hoffler Properties (NYSE:AHH) traded down 0.22% during mid-day trading on Thursday, hitting $13.62. The company’s stock had a trading volume of 126,176 shares. Armada Hoffler Properties has a 1-year low of $12.52 and a 1-year high of $14.98. The company has a market cap of $855.02 million, a price-to-earnings ratio of 27.85 and a beta of 0.54. The company has a 50-day moving average of $13.38 and a 200 day moving average of $13.52.
Armada Hoffler Properties (NYSE:AHH) last posted its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.25 EPS for the quarter, meeting the consensus estimate of $0.25. Armada Hoffler Properties had a return on equity of 7.02% and a net margin of 8.04%. The company had revenue of $26.76 million for the quarter, compared to the consensus estimate of $27.18 million. During the same quarter in the prior year, the business earned $0.26 earnings per share. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. On average, analysts expect that Armada Hoffler Properties will post $0.41 EPS for the current year.
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In related news, CEO Louis S. Haddad purchased 10,000 shares of the business’s stock in a transaction that occurred on Friday, June 23rd. The stock was acquired at an average cost of $13.39 per share, for a total transaction of $133,900.00. Following the completion of the purchase, the chief executive officer now owns 252,221 shares in the company, valued at approximately $3,377,239.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 20.87% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Virginia Retirement Systems ET AL bought a new stake in shares of Armada Hoffler Properties in the first quarter valued at approximately $525,000. Great West Life Assurance Co. Can boosted its stake in shares of Armada Hoffler Properties by 128.4% in the second quarter. Great West Life Assurance Co. Can now owns 92,686 shares of the real estate investment trust’s stock valued at $1,197,000 after buying an additional 52,099 shares during the period. US Bancorp DE boosted its stake in shares of Armada Hoffler Properties by 15,303.0% in the second quarter. US Bancorp DE now owns 10,166 shares of the real estate investment trust’s stock valued at $132,000 after buying an additional 10,100 shares during the period. BB&T Securities LLC boosted its stake in shares of Armada Hoffler Properties by 87.6% in the second quarter. BB&T Securities LLC now owns 54,759 shares of the real estate investment trust’s stock valued at $709,000 after buying an additional 25,570 shares during the period. Finally, Swiss National Bank boosted its stake in shares of Armada Hoffler Properties by 9.1% in the first quarter. Swiss National Bank now owns 60,000 shares of the real estate investment trust’s stock valued at $833,000 after buying an additional 5,000 shares during the period. Institutional investors and hedge funds own 81.41% 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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