Armada Hoffler Properties (AHH) Rating Increased to Hold at Zacks Investment Research

Armada Hoffler Properties (NYSE:AHH) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a report released on Monday.

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 equities analysts have also recently commented on AHH. Stifel Nicolaus restated a “hold” rating and set a $14.00 target price on shares of Armada Hoffler Properties in a report on Thursday, September 21st. ValuEngine upgraded Armada Hoffler Properties from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. FBR & Co restated a “buy” rating on shares of Armada Hoffler Properties in a report on Tuesday, October 3rd. TheStreet upgraded Armada Hoffler Properties from a “c+” rating to a “b” rating in a report on Tuesday, October 31st. Finally, B. Riley restated a “buy” rating on shares of Armada Hoffler Properties in a report on Thursday, November 2nd. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Armada Hoffler Properties has a consensus rating of “Buy” and an average price target of $15.20.

Shares of Armada Hoffler Properties (AHH) opened at $14.47 on Monday. 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 capitalization of $645.74, a PE ratio of 28.94, a P/E/G ratio of 4.17 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.

Armada Hoffler Properties (NYSE:AHH) last issued its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $27.10 million during the quarter, compared to the consensus estimate of $27.06 million. During the same period last year, the company earned $0.26 EPS. The company’s quarterly revenue was up 7.1% on a year-over-year basis. analysts predict that Armada Hoffler Properties will post 0.99 earnings per share for the current fiscal year.

In other news, CEO Louis S. Haddad bought 15,000 shares of the stock in a transaction that occurred on Wednesday, November 8th. The stock was bought at an average cost of $14.92 per share, for a total transaction of $223,800.00. Following the acquisition, the chief executive officer now directly owns 267,221 shares of the company’s stock, valued at approximately $3,986,937.32. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 16.59% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in AHH. Schwab Charles Investment Management Inc. boosted its stake in shares of Armada Hoffler Properties by 34.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 171,447 shares of the real estate investment trust’s stock valued at $2,221,000 after buying an additional 44,155 shares during the period. First Trust Advisors LP boosted its stake in shares of Armada Hoffler Properties by 16.8% in the 2nd quarter. First Trust Advisors LP now owns 47,088 shares of the real estate investment trust’s stock valued at $610,000 after buying an additional 6,785 shares during the period. Rhumbline Advisers boosted its stake in shares of Armada Hoffler Properties by 103.4% in the 2nd quarter. Rhumbline Advisers now owns 89,835 shares of the real estate investment trust’s stock valued at $1,163,000 after buying an additional 45,665 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Armada Hoffler Properties by 85.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 631,569 shares of the real estate investment trust’s stock valued at $8,179,000 after buying an additional 291,859 shares during the period. Finally, Legal & General Group Plc boosted its stake in shares of Armada Hoffler Properties by 807.5% in the 2nd quarter. Legal & General Group Plc now owns 81,296 shares of the real estate investment trust’s stock valued at $1,053,000 after buying an additional 72,338 shares during the period. Institutional investors and hedge funds 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.

Analyst Recommendations for Armada Hoffler Properties (NYSE:AHH)

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