Armada Hoffler Properties, Inc. (NYSE:AHH) has been given a consensus recommendation of “Hold” by the eight analysts that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $14.63.
Several analysts have commented on the stock. BidaskClub cut shares of Armada Hoffler Properties from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. ValuEngine raised shares of Armada Hoffler Properties from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. FBR & Co reaffirmed a “buy” rating on shares of Armada Hoffler Properties in a research note on Tuesday, October 3rd. Stifel Nicolaus reaffirmed a “hold” rating and issued a $14.00 target price on shares of Armada Hoffler Properties in a research note on Thursday, September 21st. Finally, Zacks Investment Research cut shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd.
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Armada Hoffler Properties (NYSE:AHH) traded up 0.28% on Wednesday, reaching $14.31. The company had a trading volume of 160,870 shares. Armada Hoffler Properties has a 52-week low of $12.65 and a 52-week high of $14.98. The stock has a market capitalization of $898.34 million, a PE ratio of 29.26 and a beta of 0.54. The stock has a 50 day moving average price of $13.93 and a 200 day moving average price of $13.57.
Armada Hoffler Properties (NYSE:AHH) last released its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.01. The firm had revenue of $27.10 million during the quarter, compared to analysts’ expectations of $27.06 million. Armada Hoffler Properties had a net margin of 8.04% and a return on equity of 7.02%. Armada Hoffler Properties’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.26 EPS. Analysts expect that Armada Hoffler Properties will post $0.41 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, October 5th. Shareholders of record on Wednesday, September 27th were issued a $0.19 dividend. The ex-dividend date was Tuesday, September 26th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.33%. Armada Hoffler Properties’s dividend payout ratio (DPR) is presently 158.34%.
Several institutional investors and hedge funds have recently made changes to their positions in AHH. Thrivent Financial For Lutherans acquired a new position in shares of Armada Hoffler Properties in the 2nd quarter valued at $12,753,000. Vanguard Group Inc. boosted its holdings in shares of Armada Hoffler Properties by 18.9% in 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 purchasing an additional 839,457 shares during the last quarter. Kennedy Capital Management Inc. acquired a new position in shares of Armada Hoffler Properties in the 2nd quarter valued at $9,746,000. State Street Corp boosted its holdings in shares of Armada Hoffler Properties by 50.9% in 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 purchasing an additional 361,582 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in shares of Armada Hoffler Properties by 12.7% in the 2nd 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 during the last quarter. Institutional investors own 81.26% of the company’s stock.
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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