Armada Hoffler Properties Inc (NYSE:AHH)‘s stock had its “buy” rating restated by equities researchers at B. Riley in a research note issued on Thursday.

AHH has been the topic of a number of other reports. Zacks Investment Research lowered Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research note on Monday, October 9th. Bank of America Corporation initiated coverage on Armada Hoffler Properties in a research note on Wednesday, September 6th. They set a “buy” rating and a $15.00 price target on the stock. Robert W. Baird reissued an “outperform” rating and set a $15.00 price target on shares of Armada Hoffler Properties in a research note on Friday, July 14th. ValuEngine raised Armada Hoffler Properties from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, FBR & Co reissued a “buy” rating on shares of Armada Hoffler Properties in a research note on Tuesday, October 3rd. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $14.92.

Shares of Armada Hoffler Properties (AHH) traded down $0.05 during mid-day trading on Thursday, hitting $14.46. The stock had a trading volume of 248,989 shares, compared to its average volume of 270,414. Armada Hoffler Properties has a 12-month low of $12.65 and a 12-month high of $14.98. The firm has a market capitalization of $903.85, a price-to-earnings ratio of 14.38, a price-to-earnings-growth ratio of 4.31 and a beta of 0.55. The company has a quick ratio of 16.75, a current ratio of 10.44 and a debt-to-equity ratio of 1.13.

Armada Hoffler Properties (NYSE:AHH) last announced its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.01. Armada Hoffler Properties had a return on equity of 6.36% and a net margin of 7.78%. The firm had revenue of $27.10 million for the quarter, compared to analyst estimates of $27.06 million. During the same period last year, the firm posted $0.26 earnings per share. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. analysts forecast that Armada Hoffler Properties will post 0.99 EPS for the current year.

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Several institutional investors have recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Armada Hoffler Properties by 2.5% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 12,341 shares of the real estate investment trust’s stock worth $160,000 after acquiring an additional 306 shares during the period. California Public Employees Retirement System lifted its stake in shares of 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 acquiring an additional 400 shares during the period. Navellier & Associates Inc lifted its stake in shares of Armada Hoffler Properties by 0.7% in the second quarter. Navellier & Associates Inc now owns 59,964 shares of the real estate investment trust’s stock worth $777,000 after acquiring an additional 407 shares during the period. Legal & General Group Plc lifted its stake in shares of Armada Hoffler Properties by 12.1% in the first quarter. Legal & General Group Plc now owns 8,958 shares of the real estate investment trust’s stock worth $123,000 after acquiring an additional 967 shares during the period. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in shares of Armada Hoffler Properties by 1.2% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 81,975 shares of the real estate investment trust’s stock worth $1,062,000 after acquiring an additional 980 shares during the period. 81.26% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for Armada Hoffler Properties (NYSE:AHH)

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