Armada Hoffler Properties Inc (NYSE:AHH)‘s stock had its “buy” rating reaffirmed by equities research analysts at B. Riley in a report issued on Thursday.
Several other analysts also recently commented on the stock. Zacks Investment Research raised shares of Armada Hoffler Properties from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 19th. Bank of America Corporation started coverage on shares of Armada Hoffler Properties in a report on Wednesday, September 6th. They set a “buy” rating and a $15.00 target price for the company. Robert W. Baird reaffirmed an “outperform” rating and set a $15.00 target price on shares of Armada Hoffler Properties in a report on Friday, July 14th. BidaskClub downgraded shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. Finally, FBR & Co reaffirmed an “outperform” rating and set a $15.00 target price on shares of Armada Hoffler Properties in a report on Tuesday, July 11th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $14.92.
Armada Hoffler Properties (NYSE AHH) traded down $0.05 during mid-day trading on Thursday, hitting $14.46. 248,989 shares of the stock were exchanged, compared to its average volume of 270,414. The company has a market capitalization of $903.85, a price-to-earnings ratio of 14.38, a P/E/G ratio of 4.31 and a beta of 0.55. The company has a debt-to-equity ratio of 1.13, a current ratio of 10.44 and a quick ratio of 16.75. Armada Hoffler Properties has a one year low of $12.65 and a one year high of $14.98.
Armada Hoffler Properties (NYSE:AHH) last announced its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. The business had revenue of $27.10 million during the quarter, compared to the consensus estimate of $27.06 million. Armada Hoffler Properties had a net margin of 7.78% and a return on equity of 6.36%. Armada Hoffler Properties’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.26 EPS. analysts anticipate that Armada Hoffler Properties will post 0.99 EPS for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: This piece of content was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are reading this piece of content on another site, it was illegally stolen and reposted in violation of US & international copyright & trademark legislation. The original version of this piece of content can be viewed at https://www.com-unik.info/2017/11/04/armada-hoffler-properties-inc-ahh-stock-rating-reaffirmed-by-b-riley.html.
Hedge funds and other institutional investors have recently bought and sold shares of the business. State of Alaska Department of Revenue bought a new stake in Armada Hoffler Properties in the 2nd quarter valued at about $113,000. Legal & General Group Plc boosted its holdings in Armada Hoffler Properties by 12.1% in the 1st quarter. Legal & General Group Plc now owns 8,958 shares of the real estate investment trust’s stock valued at $123,000 after purchasing an additional 967 shares during the period. Loeb Partners Corp bought a new stake in Armada Hoffler Properties in the 2nd quarter valued at about $129,000. Institute for Wealth Management LLC. bought a new stake in Armada Hoffler Properties in the 2nd quarter valued at about $130,000. Finally, US Bancorp DE lifted its holdings in shares of Armada Hoffler Properties by 15,303.0% during the 2nd quarter. US Bancorp DE now owns 10,166 shares of the real estate investment trust’s stock worth $132,000 after acquiring an additional 10,100 shares during the period. 81.26% of the stock is owned by hedge funds and other institutional investors.
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.
What are top analysts saying about Armada Hoffler Properties Inc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Armada Hoffler Properties Inc and related companies.