Armada Hoffler Properties, Inc. (NYSE:AHH) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Armada Hoffler Properties, Inc. (NYSE:AHH) have earned a consensus recommendation of “Hold” from the five brokerages that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $8.10.

AHH has been the topic of several research analyst reports. Scotiabank raised their price objective on Armada Hoffler Properties from $7.00 to $7.50 and gave the stock a “sector perform” rating in a research note on Wednesday, January 14th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Armada Hoffler Properties in a research report on Monday, December 29th. Jefferies Financial Group upgraded Armada Hoffler Properties to a “strong-buy” rating in a report on Tuesday, October 28th. UBS Group set a $7.50 target price on Armada Hoffler Properties in a research note on Wednesday, January 14th. Finally, Wall Street Zen lowered shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th.

Armada Hoffler Properties Stock Up 1.0%

Armada Hoffler Properties stock opened at $7.25 on Thursday. The company’s 50 day simple moving average is $6.82 and its 200 day simple moving average is $6.83. Armada Hoffler Properties has a fifty-two week low of $6.01 and a fifty-two week high of $9.69. The firm has a market capitalization of $751.68 million, a price-to-earnings ratio of 38.16 and a beta of 1.04. The company has a debt-to-equity ratio of 2.35, a current ratio of 7.14 and a quick ratio of 7.14.

Armada Hoffler Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 8th. Investors of record on Wednesday, December 31st were given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 7.7%. The ex-dividend date of this dividend was Wednesday, December 31st. Armada Hoffler Properties’s payout ratio is currently 294.74%.

Hedge Funds Weigh In On Armada Hoffler Properties

A number of large investors have recently added to or reduced their stakes in AHH. Berman McAleer LLC bought a new stake in shares of Armada Hoffler Properties in the 3rd quarter valued at about $7,317,000. Janney Montgomery Scott LLC increased its position in Armada Hoffler Properties by 40.9% during the second quarter. Janney Montgomery Scott LLC now owns 196,199 shares of the real estate investment trust’s stock worth $1,348,000 after buying an additional 56,964 shares during the last quarter. Asset Management One Co. Ltd. raised its stake in Armada Hoffler Properties by 9.5% in the second quarter. Asset Management One Co. Ltd. now owns 118,217 shares of the real estate investment trust’s stock valued at $812,000 after buying an additional 10,248 shares during the period. Penserra Capital Management LLC lifted its position in shares of Armada Hoffler Properties by 45.9% in the second quarter. Penserra Capital Management LLC now owns 147,369 shares of the real estate investment trust’s stock valued at $1,012,000 after buying an additional 46,370 shares during the last quarter. Finally, Brown Advisory Inc. lifted its position in shares of Armada Hoffler Properties by 3,588.7% in the second quarter. Brown Advisory Inc. now owns 1,115,054 shares of the real estate investment trust’s stock valued at $7,660,000 after buying an additional 1,084,825 shares during the last quarter. Institutional investors own 66.35% of the company’s stock.

Armada Hoffler Properties Company Profile

Armada Hoffler Properties, Inc is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of retail, office and mixed-use properties. The company’s portfolio primarily comprises neighborhood and community shopping centers, urban infill retail sites and select office buildings located in high-growth markets. Armada Hoffler also provides in-house property management and leasing services, leveraging its vertically integrated platform to enhance asset value and tenant satisfaction.

Founded on a legacy of commercial real estate development dating back to the 1970s, Armada Hoffler went public in 2016 through a strategic combination of private real estate entities.