Armada Hoffler Properties, Inc. (NYSE:AHH) has earned a consensus rating of “Hold” from the eight research firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $14.70.
A number of brokerages recently issued reports on AHH. Zacks Investment Research lowered Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research note on Wednesday. BidaskClub upgraded Armada Hoffler Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. FBR & Co restated an “outperform” rating and issued a $15.00 target price on shares of Armada Hoffler Properties in a research note on Tuesday, July 11th. ValuEngine lowered 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 issued a $15.00 target price on shares of Armada Hoffler Properties in a research note on Friday, July 14th.
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Armada Hoffler Properties (NYSE AHH) traded up 1.97% on Monday, reaching $13.46. The company’s stock had a trading volume of 406,734 shares. The firm has a market cap of $508.96 million, a price-to-earnings ratio of 28.22 and a beta of 0.54. Armada Hoffler Properties has a 12 month low of $12.52 and a 12 month high of $14.98. The firm has a 50 day moving average of $13.33 and a 200 day moving average of $13.66.
Armada Hoffler Properties (NYSE:AHH) last issued its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.25. The business had revenue of $26.76 million for the quarter, compared to analysts’ expectations of $27.18 million. Armada Hoffler Properties had a return on equity of 7.52% and a net margin of 8.04%. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.26 EPS. Analysts anticipate that Armada Hoffler Properties will post $0.41 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 6th. Stockholders of record on Wednesday, June 28th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Monday, June 26th. This represents a $0.76 annualized dividend and a dividend yield of 5.65%. Armada Hoffler Properties’s dividend payout ratio (DPR) is presently 158.34%.
In related news, CEO Louis S. Haddad bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, June 23rd. The stock was bought at an average cost of $13.39 per share, for a total transaction of $133,900.00. Following the acquisition, the chief executive officer now directly owns 252,221 shares of the company’s stock, valued at approximately $3,377,239.19. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 20.87% of the company’s stock.
A number of large investors have recently modified their holdings of AHH. Vanguard Group Inc. boosted its stake in shares of Armada Hoffler Properties by 7.8% in the first quarter. Vanguard Group Inc. now owns 4,443,648 shares of the real estate investment trust’s stock valued at $61,722,000 after buying an additional 322,486 shares in the last quarter. Alliancebernstein L.P. boosted its stake in shares of Armada Hoffler Properties by 108.2% in the first quarter. Alliancebernstein L.P. now owns 2,446,621 shares of the real estate investment trust’s stock valued at $33,984,000 after buying an additional 1,271,592 shares in the last quarter. FMR LLC boosted its stake in shares of Armada Hoffler Properties by 10.5% in the fourth quarter. FMR LLC now owns 1,884,814 shares of the real estate investment trust’s stock valued at $27,462,000 after buying an additional 179,200 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Armada Hoffler Properties by 8.3% in the first quarter. Renaissance Technologies LLC now owns 1,497,300 shares of the real estate investment trust’s stock valued at $20,797,000 after buying an additional 115,100 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of Armada Hoffler Properties by 10.1% in the first quarter. Principal Financial Group Inc. now owns 1,003,920 shares of the real estate investment trust’s stock valued at $13,944,000 after buying an additional 92,413 shares in the last quarter. Institutional investors own 62.05% of the company’s stock.
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.
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