Robert W. Baird reaffirmed their outperform rating on shares of Armada Hoffler Properties, Inc. (NYSE:AHH) in a research report released on Friday, July 14th. The firm currently has a $15.00 target price on the real estate investment trust’s stock.
AHH has been the subject of several other reports. Stifel Nicolaus cut their target price on Armada Hoffler Properties from $15.00 to $14.50 and set a buy rating for the company in a research note on Friday, May 12th. Zacks Investment Research upgraded Armada Hoffler Properties from a hold rating to a buy rating and set a $16.00 price objective for the company in a report on Wednesday, April 12th. BidaskClub downgraded Armada Hoffler Properties from a hold rating to a sell rating in a report on Saturday, July 8th. ValuEngine cut shares of Armada Hoffler Properties from a buy rating to a hold rating in a research report on Tuesday, June 27th. Finally, FBR & Co reaffirmed an outperform rating and set a $15.00 price target on shares of Armada Hoffler Properties in a research report on Tuesday, July 11th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $14.92.
Shares of Armada Hoffler Properties (NYSE:AHH) traded down 0.15% on Friday, reaching $13.37. The company had a trading volume of 291,376 shares. The company’s 50-day moving average is $13.34 and its 200 day moving average is $13.69. Armada Hoffler Properties has a 12 month low of $12.52 and a 12 month high of $15.50. The firm has a market capitalization of $505.56 million, a PE ratio of 28.03 and a beta of 0.53.
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 consensus estimate of $0.25 by $0.01. The business had revenue of $27.20 million during the quarter, compared to analysts’ expectations of $26.87 million. Armada Hoffler Properties had a return on equity of 7.69% and a net margin of 8.64%. The firm’s revenue for the quarter was up 16.7% on a year-over-year basis. Equities analysts forecast that Armada Hoffler Properties will post $0.41 earnings per share for the current year.
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The firm also recently declared a quarterly dividend, which was paid on Thursday, July 6th. Investors of record on Wednesday, June 28th were given a $0.19 dividend. The ex-dividend date of this dividend was Monday, June 26th. This represents a $0.76 annualized dividend and a yield of 5.68%. Armada Hoffler Properties’s payout ratio is 165.22%.
In other news, CEO Louis S. Haddad acquired 10,000 shares of the firm’s stock in a transaction on Friday, June 23rd. The stock was purchased at an average price of $13.39 per share, for a total transaction of $133,900.00. Following the purchase, the chief executive officer now owns 252,221 shares in the company, valued at approximately $3,377,239.19. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 20.87% of the company’s stock.
A number of large investors have recently bought and sold shares of AHH. Cambridge Investment Research Advisors Inc. raised 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 raised 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. raised 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 raised 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 raised 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. Hedge funds and other institutional investors own 61.68% of the company’s stock.
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.
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