Armada Hoffler Properties, Inc. (NYSE:AHH)‘s stock had its “buy” rating restated by equities researchers at B. Riley in a note issued to investors on Thursday, November 2nd.
AHH has been the subject of a number of other research reports. Zacks Investment Research raised Armada Hoffler Properties from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Bank of America Corporation began coverage on Armada Hoffler Properties in a research note on Wednesday, September 6th. They issued a “buy” rating and a $15.00 price objective on the stock. Robert W. Baird restated an “outperform” rating and set a $15.00 price target on shares of Armada Hoffler Properties in a research report on Friday, July 14th. BidaskClub downgraded Armada Hoffler Properties from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. Finally, FBR & Co reissued an “outperform” rating and issued a $15.00 price target on shares of Armada Hoffler Properties in a research note on Tuesday, July 11th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $15.08.
Armada Hoffler Properties (NYSE AHH) traded up $0.06 during trading on Thursday, hitting $14.97. The stock had a trading volume of 305,900 shares, compared to its average volume of 366,861. Armada Hoffler Properties has a 52 week low of $12.65 and a 52 week high of $15.16. The company has a current ratio of 10.44, a quick ratio of 10.44 and a debt-to-equity ratio of 1.13. The stock has a market cap of $672.70, a P/E ratio of 14.82, a price-to-earnings-growth ratio of 4.42 and a beta of 0.55.
Armada Hoffler Properties (NYSE:AHH) last issued its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. Armada Hoffler Properties had a return on equity of 6.36% and a net margin of 7.78%. The company had revenue of $27.10 million during the quarter, compared to analyst estimates of $27.06 million. During the same quarter last year, the firm earned $0.26 EPS. The business’s revenue was up 7.1% on a year-over-year basis. analysts expect that Armada Hoffler Properties will post 0.99 EPS for the current fiscal year.
In related news, CEO Louis S. Haddad acquired 15,000 shares of the business’s stock in a transaction on Wednesday, November 8th. The stock was purchased at an average cost of $14.92 per share, for a total transaction of $223,800.00. Following the completion of the transaction, the chief executive officer now directly owns 267,221 shares of the company’s stock, valued at approximately $3,986,937.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 16.59% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of AHH. Vanguard Group Inc. raised its holdings in shares of Armada Hoffler Properties by 18.9% during the second quarter. Vanguard Group Inc. now owns 5,283,105 shares of the real estate investment trust’s stock valued at $68,416,000 after purchasing an additional 839,457 shares during the period. 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 acquiring an additional 311,360 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Armada Hoffler Properties by 7.0% in the 2nd quarter. Renaissance Technologies LLC now owns 1,602,000 shares of the real estate investment trust’s stock worth $20,746,000 after acquiring an additional 104,700 shares during the last quarter. 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 acquiring an additional 361,582 shares during the last quarter. Finally, Thrivent Financial For Lutherans bought a new stake in Armada Hoffler Properties in the 2nd quarter worth about $12,753,000. 80.44% of the stock is currently owned by hedge funds and other institutional investors.
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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