Armada Hoffler Properties (AHH) Lifted to Hold at Zacks Investment Research

Armada Hoffler Properties (NYSE:AHH) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report 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 equities research analysts have also issued reports on the stock. B. Riley reissued a “buy” rating on shares of Armada Hoffler Properties in a report on Thursday, November 2nd. TheStreet raised shares of Armada Hoffler Properties from a “c+” rating to a “b” rating in a report on Tuesday, October 31st. Citigroup lowered shares of Armada Hoffler Properties to a “market perform” rating in a report on Monday, January 8th. They noted that the move was a valuation call. Raymond James Financial reaffirmed a “market perform” rating on shares of Armada Hoffler Properties in a research note on Monday, January 8th. Finally, FBR & Co reaffirmed a “buy” rating on shares of Armada Hoffler Properties in a research note on Tuesday, October 3rd. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $15.20.

Shares of Armada Hoffler Properties (NYSE:AHH) traded up $0.19 during trading on Monday, reaching $14.58. 298,400 shares of the company’s stock were exchanged, compared to its average volume of 420,969. The company has a market cap of $655.18, a price-to-earnings ratio of 29.16, a PEG ratio of 4.23 and a beta of 0.58. Armada Hoffler Properties has a 1-year low of $12.65 and a 1-year high of $16.00. The company has a debt-to-equity ratio of 1.13, a quick ratio of 10.44 and a current ratio of 10.44.

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

In related news, CEO Louis S. Haddad bought 15,000 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were purchased at an average price of $14.92 per share, with a total value of $223,800.00. Following the purchase, the chief executive officer now owns 267,221 shares of the company’s stock, valued at approximately $3,986,937.32. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 16.59% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of AHH. Schwab Charles Investment Management Inc. lifted its position in Armada Hoffler Properties by 34.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 171,447 shares of the real estate investment trust’s stock valued at $2,221,000 after acquiring an additional 44,155 shares during the period. First Trust Advisors LP lifted its position in Armada Hoffler Properties by 16.8% during the 2nd quarter. First Trust Advisors LP now owns 47,088 shares of the real estate investment trust’s stock valued at $610,000 after acquiring an additional 6,785 shares during the period. Bank of New York Mellon Corp lifted its position in Armada Hoffler Properties by 85.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 631,569 shares of the real estate investment trust’s stock valued at $8,179,000 after acquiring an additional 291,859 shares during the period. Legal & General Group Plc lifted its position in Armada Hoffler Properties by 807.5% during the 2nd quarter. Legal & General Group Plc now owns 81,296 shares of the real estate investment trust’s stock valued at $1,053,000 after acquiring an additional 72,338 shares during the period. Finally, BNP Paribas Arbitrage SA lifted its position in Armada Hoffler Properties by 669.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 13,937 shares of the real estate investment trust’s stock valued at $180,000 after acquiring an additional 12,125 shares during the period. 81.57% of the stock is owned by 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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