Armada Hoffler Properties (AHH) Upgraded 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 Thursday.

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 analysts also recently issued reports on the company. TheStreet downgraded Armada Hoffler Properties from a “b” rating to a “c+” rating in a research report on Friday, January 5th. Raymond James Financial restated a “market perform” rating on shares of Armada Hoffler Properties in a report on Monday, January 8th. Citigroup cut Armada Hoffler Properties to a “market perform” rating in a report on Monday, January 8th. They noted that the move was a valuation call. Finally, B. Riley restated a “buy” rating on shares of Armada Hoffler Properties in a report on Thursday, November 2nd. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Armada Hoffler Properties presently has a consensus rating of “Buy” and a consensus price target of $15.20.

Shares of Armada Hoffler Properties (NYSE AHH) traded down $0.19 during trading hours on Thursday, hitting $12.90. The company had a trading volume of 468,252 shares, compared to its average volume of 343,977. The company has a quick ratio of 10.44, a current ratio of 9.59 and a debt-to-equity ratio of 1.23. The firm has a market cap of $576.09, a P/E ratio of 25.86, a price-to-earnings-growth ratio of 3.68 and a beta of 0.46. Armada Hoffler Properties has a 1 year low of $12.65 and a 1 year high of $16.00.

Armada Hoffler Properties (NYSE:AHH) last issued its quarterly earnings data on Tuesday, February 6th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.15). The business had revenue of $27.65 million for the quarter, compared to analyst estimates of $27.44 million. Armada Hoffler Properties had a return on equity of 6.23% and a net margin of 8.42%. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.25 earnings per share. sell-side analysts expect that Armada Hoffler Properties will post 1.02 EPS for the current year.

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in Armada Hoffler Properties by 18.9% during the 2nd quarter. Vanguard Group Inc. now owns 5,283,105 shares of the real estate investment trust’s stock valued at $68,416,000 after acquiring an additional 839,457 shares during the period. Renaissance Technologies LLC boosted its holdings in Armada Hoffler Properties by 7.0% during the 2nd quarter. Renaissance Technologies LLC now owns 1,602,000 shares of the real estate investment trust’s stock valued at $20,746,000 after acquiring an additional 104,700 shares during the period. State Street Corp boosted its holdings in Armada Hoffler Properties by 50.9% during the 2nd quarter. State Street Corp now owns 1,072,561 shares of the real estate investment trust’s stock valued at $13,888,000 after acquiring an additional 361,582 shares during the period. American Century Companies Inc. boosted its holdings in Armada Hoffler Properties by 3.1% during 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 acquiring an additional 26,593 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in Armada Hoffler Properties by 7.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 675,765 shares of the real estate investment trust’s stock valued at $9,332,000 after acquiring an additional 44,196 shares during the period. Institutional investors own 81.76% of the company’s stock.

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Armada Hoffler Properties Company Profile

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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