Armada Hoffler Properties, Inc. (NYSE:AHH) Given Consensus Rating of “Hold” by Brokerages

Shares of Armada Hoffler Properties, Inc. (NYSE:AHH) have earned an average recommendation of “Hold” from the nine brokerages that are currently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $14.70.

A number of research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Armada Hoffler Properties from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research note on Wednesday, April 12th. Stifel Nicolaus restated a “buy” rating and set a $15.00 price target (up previously from $14.50) on shares of Armada Hoffler Properties in a research note on Wednesday, May 3rd. BidaskClub upgraded shares of Armada Hoffler Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. ValuEngine lowered shares of Armada Hoffler Properties from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, Robert W. Baird restated an “outperform” rating and set a $15.00 price target on shares of Armada Hoffler Properties in a research note on Friday, July 14th.

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In other Armada Hoffler Properties news, CEO Louis S. Haddad acquired 10,000 shares of the company’s stock in a transaction dated Friday, June 23rd. The shares were acquired at an average cost of $13.39 per share, with a total value of $133,900.00. Following the acquisition, the chief executive officer now directly owns 252,221 shares of the company’s stock, valued at $3,377,239.19. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 20.87% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. increased its stake in Armada Hoffler Properties by 0.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 12,035 shares of the real estate investment trust’s stock valued at $167,000 after buying an additional 87 shares during the period. Metropolitan Life Insurance Co. NY increased its stake in Armada Hoffler Properties by 0.8% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 28,556 shares of the real estate investment trust’s stock valued at $416,000 after buying an additional 223 shares during the period. Envestnet Asset Management Inc. increased its stake in Armada Hoffler Properties by 2.4% in the first quarter. Envestnet Asset Management Inc. now owns 10,738 shares of the real estate investment trust’s stock valued at $149,000 after buying an additional 252 shares during the period. California Public Employees Retirement System increased its stake in Armada Hoffler Properties by 0.3% in the first quarter. California Public Employees Retirement System now owns 117,800 shares of the real estate investment trust’s stock valued at $1,636,000 after buying an additional 400 shares during the period. Finally, IFP Advisors Inc increased its stake in Armada Hoffler Properties by 4.4% in the first quarter. IFP Advisors Inc now owns 17,638 shares of the real estate investment trust’s stock valued at $245,000 after buying an additional 741 shares during the period. 61.68% of the stock is currently owned by institutional investors and hedge funds.

Armada Hoffler Properties (NYSE AHH) traded down 0.08% during midday trading on Monday, hitting $13.16. 219,751 shares of the stock were exchanged. Armada Hoffler Properties has a 12 month low of $12.52 and a 12 month high of $15.50. The company has a market cap of $497.62 million, a PE ratio of 27.59 and a beta of 0.53. The firm’s 50 day moving average price is $13.37 and its 200 day moving average price is $13.74.

Armada Hoffler Properties (NYSE:AHH) last issued its quarterly earnings results on Tuesday, May 2nd. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, beating the Zacks’ 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 for the quarter, compared to analyst estimates of $26.87 million. The company’s revenue was up 16.7% compared to the same quarter last year. On average, equities research analysts forecast that Armada Hoffler Properties will post $0.41 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 6th. Stockholders of record on Wednesday, June 28th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 5.78%. The ex-dividend date of this dividend was Monday, June 26th. Armada Hoffler Properties’s dividend payout ratio (DPR) is currently 165.22%.

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.