Armada Hoffler Properties (NYSE:AHH) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday.

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 research firms have also issued reports on AHH. TheStreet upgraded shares of Armada Hoffler Properties from a “c+” rating to a “b” rating in a report on Tuesday, October 31st. Stifel Nicolaus restated a “hold” rating and set a $14.00 price target on shares of Armada Hoffler Properties in a report on Thursday, September 21st. B. Riley restated a “buy” rating on shares of Armada Hoffler Properties in a report on Thursday, November 2nd. FBR & Co restated a “buy” rating on shares of Armada Hoffler Properties in a report on Tuesday, October 3rd. Finally, ValuEngine upgraded shares of Armada Hoffler Properties from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Five equities research 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 a consensus rating of “Buy” and a consensus price target of $15.20.

Armada Hoffler Properties (AHH) traded down $0.16 during midday trading on Monday, hitting $14.37. 312,400 shares of the company were exchanged, compared to its average volume of 458,333. The company has a debt-to-equity ratio of 1.13, a current ratio of 10.44 and a quick ratio of 10.44. Armada Hoffler Properties has a twelve month low of $12.65 and a twelve month high of $16.00. The company has a market cap of $645.74, a P/E ratio of 28.74, a P/E/G ratio of 4.17 and a beta of 0.58.

Armada Hoffler Properties (NYSE:AHH) last released its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ 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 business had revenue of $27.10 million for the quarter, compared to analyst estimates of $27.06 million. During the same quarter in the previous year, the business earned $0.26 earnings per share. The firm’s revenue was up 7.1% compared to the same quarter last year. analysts forecast that Armada Hoffler Properties will post 0.99 EPS for the current year.

In other news, CEO Louis S. Haddad purchased 15,000 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were acquired at an average price of $14.92 per share, for a total transaction of $223,800.00. Following the completion of the acquisition, the chief executive officer now directly owns 267,221 shares of the company’s stock, valued at $3,986,937.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 16.59% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in Armada Hoffler Properties by 18.9% during the second quarter. Vanguard Group Inc. now owns 5,283,105 shares of the real estate investment trust’s stock valued at $68,416,000 after purchasing an additional 839,457 shares in the last quarter. Alliancebernstein L.P. grew its position in Armada Hoffler Properties by 12.7% during the second quarter. Alliancebernstein L.P. now owns 2,757,981 shares of the real estate investment trust’s stock valued at $35,716,000 after purchasing an additional 311,360 shares in the last quarter. Renaissance Technologies LLC grew its position in Armada Hoffler Properties by 7.0% during the second quarter. Renaissance Technologies LLC now owns 1,602,000 shares of the real estate investment trust’s stock valued at $20,746,000 after purchasing an additional 104,700 shares in the last quarter. State Street Corp grew its position in Armada Hoffler Properties by 50.9% during the second quarter. State Street Corp now owns 1,072,561 shares of the real estate investment trust’s stock valued at $13,888,000 after purchasing an additional 361,582 shares in the last quarter. Finally, Thrivent Financial For Lutherans purchased a new position in Armada Hoffler Properties during the second quarter valued at approximately $12,753,000. 81.98% of the stock is currently owned by hedge funds and other institutional investors.

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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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