Armada Hoffler Properties, Inc. (AHH) Receives $14.63 Consensus PT from Brokerages

Shares of Armada Hoffler Properties, Inc. (NYSE:AHH) have been given a consensus recommendation of “Buy” by the ten analysts that are presently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $14.63.

A number of research firms have issued reports on AHH. BidaskClub lowered 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 reissued a “buy” rating on shares of Armada Hoffler Properties in a research note on Tuesday, October 3rd. Stifel Nicolaus reissued a “hold” rating and set a $14.00 target price on shares of Armada Hoffler Properties in a research note on Thursday, September 21st. Finally, Zacks Investment Research lowered shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd.

In related news, CEO Louis S. Haddad purchased 15,000 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were bought at an average cost of $14.92 per share, for a total transaction of $223,800.00. Following the transaction, the chief executive officer now owns 267,221 shares of the company’s stock, valued at $3,986,937.32. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 16.59% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in AHH. Thrivent Financial For Lutherans bought a new stake in shares of Armada Hoffler Properties during the 2nd quarter worth about $12,753,000. Vanguard Group Inc. raised 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 worth $68,416,000 after purchasing an additional 839,457 shares in the last quarter. Kennedy Capital Management Inc. bought a new stake in shares of Armada Hoffler Properties in the 2nd quarter worth approximately $9,746,000. State Street Corp raised 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 worth $13,888,000 after purchasing an additional 361,582 shares in the last quarter. Finally, Alliancebernstein L.P. raised 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 worth $35,716,000 after purchasing an additional 311,360 shares in the last quarter. Institutional investors own 82.13% of the company’s stock.

Armada Hoffler Properties (AHH) traded up $0.18 during trading on Friday, reaching $15.56. 317,200 shares of the company’s stock were exchanged, compared to its average volume of 362,579. The company has a debt-to-equity ratio of 1.13, a current ratio of 10.44 and a quick ratio of 10.44. The firm has a market cap of $688.43, a price-to-earnings ratio of 15.17, a price-to-earnings-growth ratio of 4.52 and a beta of 0.55. Armada Hoffler Properties has a 52-week low of $12.65 and a 52-week high of $15.59.

Armada Hoffler Properties (NYSE:AHH) last posted its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. The firm had revenue of $27.10 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the business posted $0.26 EPS. research analysts anticipate that Armada Hoffler Properties will post 0.99 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Wednesday, December 27th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, December 26th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.88%. Armada Hoffler Properties’s dividend payout ratio (DPR) is 152.00%.

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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.

Analyst Recommendations for Armada Hoffler Properties (NYSE:AHH)

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