Armada Hoffler Properties, Inc. (AHH) Price Target Lowered to $14.50 at Stifel Nicolaus

Armada Hoffler Properties, Inc. (NYSE:AHH) had its target price cut by Stifel Nicolaus from $15.00 to $14.50 in a research report released on Friday, May 12th, MarketBeat.com reports. They currently have a buy rating on the real estate investment trust’s stock.

Separately, Zacks Investment Research cut shares of Armada Hoffler Properties from a buy rating to a hold rating in a research report on Thursday, May 4th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. Armada Hoffler Properties has an average rating of Hold and a consensus price target of $15.00.

Shares of Armada Hoffler Properties (NYSE:AHH) traded up 0.49% during trading on Friday, reaching $14.33. 7,325,575 shares of the company’s stock were exchanged. The firm has a market capitalization of $541.86 million, a P/E ratio of 30.04 and a beta of 0.53. The company has a 50 day moving average of $13.48 and a 200 day moving average of $13.94. Armada Hoffler Properties has a 52-week low of $12.52 and a 52-week high of $15.50.

Armada Hoffler Properties (NYSE:AHH) last posted its quarterly earnings data on Tuesday, May 2nd. The real estate investment trust reported $0.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.01. Armada Hoffler Properties had a net margin of 8.64% and a return on equity of 7.69%. The business had revenue of $27.20 million during the quarter, compared to analysts’ expectations of $26.87 million. The company’s quarterly revenue was up 16.7% compared to the same quarter last year. Equities analysts anticipate that Armada Hoffler Properties will post $0.41 earnings per share for the current fiscal year.

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The company also recently announced a quarterly dividend, which will be paid on Thursday, July 6th. Shareholders of record on Wednesday, June 28th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 5.30%. The ex-dividend date of this dividend is Monday, June 26th. Armada Hoffler Properties’s dividend payout ratio is presently 165.22%.

A number of hedge funds have recently added to or reduced their stakes in the stock. Bessemer Group Inc. boosted its position in Armada Hoffler Properties by 99.7% in the fourth quarter. Bessemer Group Inc. now owns 68,700 shares of the real estate investment trust’s stock worth $1,001,000 after buying an additional 34,300 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in Armada Hoffler Properties during the fourth quarter worth about $1,560,000. ETRADE Capital Management LLC acquired a new position in Armada Hoffler Properties during the third quarter worth about $865,000. Crow Point Partners LLC acquired a new position in Armada Hoffler Properties during the third quarter worth about $134,000. Finally, Dana Investment Advisors Inc. acquired a new position in Armada Hoffler Properties during the third quarter worth about $2,056,000. 62.07% of the stock is owned by institutional investors and hedge funds.

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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