Armada Hoffler Properties, Inc. (NYSE:AHH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Friday.

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. “

AHH has been the topic of several other reports. Bank of America Corporation initiated coverage on shares of Armada Hoffler Properties in a report on Wednesday, September 6th. They set a “buy” rating and a $15.00 target price on the stock. Robert W. Baird reiterated an “outperform” rating and set a $15.00 target price on shares of Armada Hoffler Properties in a report on Friday, July 14th. ValuEngine upgraded shares of Armada Hoffler Properties from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. FBR & Co reiterated a “buy” rating on shares of Armada Hoffler Properties in a report on Tuesday, October 3rd. Finally, TheStreet upgraded shares of Armada Hoffler Properties from a “c+” rating to a “b” rating in a report on Tuesday. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $14.92.

Shares of Armada Hoffler Properties (NYSE:AHH) traded up $0.19 during trading on Friday, reaching $14.46. 209,963 shares of the company’s stock traded hands, compared to its average volume of 252,689. The company has a market cap of $652.48 million, a P/E ratio of 14.38 and a beta of 0.55.

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 (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.01. Armada Hoffler Properties had a net margin of 7.78% and a return on equity of 6.36%. The company had revenue of $27.10 million for the quarter, compared to analysts’ expectations of $27.06 million. During the same period in the prior year, the business earned $0.26 EPS. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. equities analysts expect that Armada Hoffler Properties will post 0.99 EPS for the current fiscal year.

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Several large investors have recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its holdings in shares of Armada Hoffler Properties by 3.1% in the 3rd quarter. American Century Companies Inc. now owns 897,808 shares of the real estate investment trust’s stock valued at $12,399,000 after buying an additional 26,593 shares in the last quarter. Forsta AP Fonden bought a new stake in shares of Armada Hoffler Properties in the 3rd quarter valued at about $750,000. Aperio Group LLC bought a new stake in shares of Armada Hoffler Properties in the 3rd quarter valued at about $166,000. Raymond James Trust N.A. bought a new stake in shares of Armada Hoffler Properties in the 3rd quarter valued at about $163,000. Finally, Ingalls & Snyder LLC bought a new stake in shares of Armada Hoffler Properties in the 3rd quarter valued at about $180,000. Institutional investors and hedge funds own 81.26% 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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Analyst Recommendations for Armada Hoffler Properties (NYSE:AHH)

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