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

Several other research analysts have also recently issued reports on AHH. B. Riley reiterated a “buy” rating on shares of Armada Hoffler Properties in a report on Thursday, November 2nd. TheStreet upgraded shares of Armada Hoffler Properties from a “c+” rating to a “b” rating in a report on Tuesday, October 31st. BidaskClub cut shares of Armada Hoffler Properties from a “buy” rating to a “hold” rating in a report on Monday, August 14th. ValuEngine upgraded shares of Armada Hoffler Properties from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, FBR & Co reiterated a “buy” rating on shares of Armada Hoffler Properties in a report on Tuesday, October 3rd. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $15.08.

Shares of Armada Hoffler Properties (NYSE:AHH) traded up $0.12 during trading on Friday, reaching $15.03. 229,753 shares of the company’s stock traded hands, compared to its average volume of 271,583. The company has a current ratio of 10.44, a quick ratio of 10.44 and a debt-to-equity ratio of 1.13. Armada Hoffler Properties has a one year low of $12.65 and a one year high of $15.16. The company has a market cap of $945.11, a PE ratio of 14.75, a price-to-earnings-growth ratio of 4.40 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. research analysts predict that Armada Hoffler Properties will post 0.99 earnings per share for the current year.

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In other news, CEO Louis S. Haddad purchased 15,000 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was acquired at an average cost of $14.92 per share, with a total value of $223,800.00. Following the completion of the transaction, the chief executive officer now owns 267,221 shares in the company, valued at approximately $3,986,937.32. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 16.59% of the company’s stock.

Several institutional investors have recently made changes to their positions in AHH. UBS Asset Management Americas Inc. purchased a new position in shares of Armada Hoffler Properties in the 1st quarter valued at approximately $193,000. American International Group Inc. raised its position in shares of Armada Hoffler Properties by 7.9% in the 1st quarter. American International Group Inc. now owns 19,299 shares of the real estate investment trust’s stock valued at $268,000 after purchasing an additional 1,406 shares during the last quarter. Teachers Advisors LLC raised its position in shares of Armada Hoffler Properties by 5.5% in the 1st quarter. Teachers Advisors LLC now owns 67,882 shares of the real estate investment trust’s stock valued at $943,000 after purchasing an additional 3,559 shares during the last quarter. California Public Employees Retirement System raised its position in shares of Armada Hoffler Properties by 0.3% in the 1st quarter. California Public Employees Retirement System now owns 117,800 shares of the real estate investment trust’s stock valued at $1,636,000 after purchasing an additional 400 shares during the last quarter. Finally, Legal & General Group Plc raised its position in shares of Armada Hoffler Properties by 12.1% in 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 during the last quarter. 81.36% of the stock is owned by hedge funds and other 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.

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Analyst Recommendations for Armada Hoffler Properties (NYSE:AHH)

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