ValuEngine upgraded shares of Armada Hoffler Properties (NYSE:AHH) from a hold rating to a buy rating in a research note released on Thursday.
A number of other analysts have also weighed in on the company. Zacks Investment Research raised Armada Hoffler Properties from a hold rating to a buy rating and set a $17.00 price objective on the stock in a research report on Wednesday, October 3rd. Bank of America increased their target price on Armada Hoffler Properties from $15.50 to $16.75 and gave the company a buy rating in a report on Monday, August 13th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Armada Hoffler Properties currently has an average rating of Buy and a consensus target price of $16.45.
AHH stock opened at $15.19 on Thursday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 10.24 and a current ratio of 10.24. Armada Hoffler Properties has a 12-month low of $12.73 and a 12-month high of $16.17. The stock has a market capitalization of $753.85 million, a P/E ratio of 15.34, a PEG ratio of 3.21 and a beta of 0.48.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 3rd. Investors of record on Wednesday, December 26th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 5.27%. The ex-dividend date of this dividend is Monday, December 24th. Armada Hoffler Properties’s dividend payout ratio (DPR) is presently 80.81%.
In other Armada Hoffler Properties news, CEO Louis S. Haddad bought 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 21st. The shares were purchased at an average price of $14.82 per share, with a total value of $222,300.00. Following the completion of the acquisition, the chief executive officer now directly owns 299,363 shares of the company’s stock, valued at approximately $4,436,559.66. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 14.40% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rehmann Capital Advisory Group boosted its stake in Armada Hoffler Properties by 1,275.2% in the third quarter. Rehmann Capital Advisory Group now owns 5,212 shares of the real estate investment trust’s stock valued at $345,000 after acquiring an additional 4,833 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new position in Armada Hoffler Properties in the second quarter valued at $162,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Armada Hoffler Properties in the third quarter valued at $176,000. Los Angeles Capital Management & Equity Research Inc. acquired a new position in Armada Hoffler Properties in the second quarter valued at $202,000. Finally, Raymond James & Associates acquired a new position in Armada Hoffler Properties in the second quarter valued at $224,000. Institutional investors own 83.14% of the company’s stock.
Armada Hoffler Properties Company Profile
Armada Hoffler Properties, Inc (NYSE: AHH) is a vertically-integrated, self-managed real estate investment trust ("REIT") with nearly four decades of experience developing, building, acquiring, and managing high-quality, institutional-grade office, retail, and multifamily properties located primarily in the Mid-Atlantic and Southeastern United States.
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