Zacks Investment Research upgraded shares of Armada Hoffler Properties (NYSE:AHH) from a strong sell rating to a hold rating in a research note published on Monday morning.
According to Zacks, “Armada Hoffler Properties, Inc. is a real estate investment trust. It is engaged in developing, building, owning and managing office, retail and multifamily properties primarily in the United States. Its properties are situated in Virginia and North Carolina. Armada Hoffler Properties, Inc. is based in Virginia Beach, United States. “
A number of other analysts also recently issued reports on the company. TheStreet downgraded Armada Hoffler Properties from a b rating to a c+ rating in a research note on Friday, January 5th. Raymond James Financial reissued a market perform rating on shares of Armada Hoffler Properties in a research report on Monday, January 8th. Citigroup downgraded Armada Hoffler Properties to a market perform rating in a research report on Monday, January 8th. They noted that the move was a valuation call. B. Riley reissued a buy rating on shares of Armada Hoffler Properties in a research report on Thursday, November 2nd. Finally, FBR & Co reissued a buy rating on shares of Armada Hoffler Properties in a research report on Tuesday, October 3rd. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $15.20.
Shares of Armada Hoffler Properties (NYSE AHH) traded down $0.22 on Monday, reaching $14.39. The company had a trading volume of 283,600 shares, compared to its average volume of 431,183. The company has a market cap of $656.52, a P/E ratio of 28.78, a PEG ratio of 4.24 and a beta of 0.58. Armada Hoffler Properties has a 52 week low of $12.65 and a 52 week high of $16.00. The company has a debt-to-equity ratio of 1.13, a current ratio of 10.44 and a quick ratio of 10.44.
Armada Hoffler Properties (NYSE:AHH) last released its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, topping the Zacks’ 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 business had revenue of $27.10 million for the quarter, compared to the consensus estimate of $27.06 million. During the same quarter in the previous year, the company posted $0.26 EPS. The company’s revenue was up 7.1% compared to the same quarter last year. equities research analysts predict that Armada Hoffler Properties will post 0.99 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, January 4th. Stockholders of record on Wednesday, December 27th were paid a $0.19 dividend. The ex-dividend date was Tuesday, December 26th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.28%. Armada Hoffler Properties’s payout ratio is 152.00%.
In related news, CEO Louis S. Haddad bought 15,000 shares of the stock in a transaction dated Wednesday, November 8th. The shares were purchased at an average price of $14.92 per share, for a total transaction of $223,800.00. Following the completion of the purchase, the chief executive officer now directly owns 267,221 shares of the company’s stock, valued at $3,986,937.32. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 16.59% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently modified their holdings of AHH. Public Employees Retirement System of Ohio purchased a new stake in shares of Armada Hoffler Properties in the third quarter worth about $117,000. Institute for Wealth Management LLC. purchased a new stake in shares of Armada Hoffler Properties in the second quarter worth about $130,000. Teachers Retirement System of The State of Kentucky boosted its stake in shares of Armada Hoffler Properties by 83.3% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 9,900 shares of the real estate investment trust’s stock worth $137,000 after buying an additional 4,500 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Armada Hoffler Properties by 2.5% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 12,341 shares of the real estate investment trust’s stock worth $160,000 after buying an additional 306 shares during the last quarter. Finally, Raymond James Trust N.A. purchased a new stake in shares of Armada Hoffler Properties in the third quarter worth about $163,000. Hedge funds and other institutional investors own 81.98% of the company’s stock.
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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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