Armada Hoffler Properties, Inc. (NYSE:AHH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday. The brokerage currently has a $16.00 target price on the real estate investment trust’s stock. Zacks Investment Research‘s price target points to a potential upside of 12.12% from the company’s previous close.

According to Zacks, “Armada Hoffler Properties, Inc. is a real estate investment trust. It is engaged in developing, building, owning and managing office, retail and multifamily properties primarily in the United States. Its properties are situated in Virginia and North Carolina. Armada Hoffler Properties, Inc. is based in Virginia Beach, United States. “

A number of other analysts have also recently weighed in on the stock. TheStreet raised shares of Armada Hoffler Properties from a “c+” rating to a “b” rating in a report on Tuesday. FBR & Co reaffirmed a “buy” rating on shares of Armada Hoffler Properties in a report on Tuesday, October 3rd. ValuEngine raised shares of Armada Hoffler Properties from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Stifel Nicolaus reaffirmed a “hold” rating and issued a $14.00 price objective on shares of Armada Hoffler Properties in a report on Thursday, September 21st. Finally, Bank of America Corporation began coverage on shares of Armada Hoffler Properties in a report on Wednesday, September 6th. They issued a “buy” rating and a $15.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $14.92.

Armada Hoffler Properties (NYSE:AHH) last issued its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.01. The company had revenue of $27.10 million for the quarter, compared to analysts’ expectations of $27.06 million. Armada Hoffler Properties had a net margin of 7.78% and a return on equity of 6.36%. The firm’s revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.26 earnings per share.

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Large investors have recently bought and sold shares of the company. State of Alaska Department of Revenue bought a new position in shares of Armada Hoffler Properties during the 2nd quarter valued at about $113,000. Legal & General Group Plc boosted its position in shares of Armada Hoffler Properties by 12.1% during the 1st quarter. Legal & General Group Plc now owns 8,958 shares of the real estate investment trust’s stock valued at $123,000 after purchasing an additional 967 shares in the last quarter. Loeb Partners Corp bought a new position in shares of Armada Hoffler Properties during the 2nd quarter valued at about $129,000. Institute for Wealth Management LLC. bought a new position in shares of Armada Hoffler Properties during the 2nd quarter valued at about $130,000. Finally, US Bancorp DE boosted its position in shares of Armada Hoffler Properties by 15,303.0% during the 2nd quarter. US Bancorp DE now owns 10,166 shares of the real estate investment trust’s stock valued at $132,000 after purchasing an additional 10,100 shares in the last quarter. Institutional investors own 81.26% 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.

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Analyst Recommendations for Armada Hoffler Properties (NYSE:AHH)

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