Zacks Investment Research lowered shares of Armada Hoffler Properties, Inc. (NYSE:AHH) from a buy rating to a hold rating in a research report released on Friday 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. “
Several other analysts have also recently issued reports on AHH. Robert W. Baird reaffirmed an outperform rating and set a $15.00 price objective on shares of Armada Hoffler Properties in a report on Friday, July 14th. BidaskClub upgraded Armada Hoffler Properties from a sell rating to a hold rating in a report on Wednesday, July 19th. Bank of America Corporation began coverage on Armada Hoffler Properties in a report on Wednesday, September 6th. They set a buy rating and a $15.00 price target on the stock. Stifel Nicolaus restated a hold rating and set a $14.00 price target on shares of Armada Hoffler Properties in a report on Thursday, September 21st. Finally, ValuEngine upgraded Armada Hoffler Properties from a hold rating to a buy rating in a report on Monday, October 2nd. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $15.08.
Shares of Armada Hoffler Properties (NYSE AHH) traded up $0.06 on Friday, hitting $14.97. The stock had a trading volume of 305,900 shares, compared to its average volume of 366,861. The stock has a market cap of $669.56, a PE ratio of 14.75, a price-to-earnings-growth ratio of 4.40 and a beta of 0.55. Armada Hoffler Properties has a twelve month low of $12.65 and a twelve month high of $15.16. The company has a quick ratio of 10.44, a current ratio of 10.44 and a debt-to-equity ratio of 1.13.
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 the Thomson Reuters’ consensus estimate of $0.24 by $0.01. The business had revenue of $27.10 million for the quarter, compared to analysts’ expectations of $27.06 million. Armada Hoffler Properties had a return on equity of 6.36% and a net margin of 7.78%. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.26 EPS. analysts expect that Armada Hoffler Properties will post 0.99 earnings per share for the current year.
ILLEGAL ACTIVITY WARNING: This piece was reported by Transcript Daily and is owned by of Transcript Daily. If you are viewing this piece on another website, it was illegally stolen and republished in violation of United States and international trademark & copyright laws. The legal version of this piece can be viewed at https://transcriptdaily.com/2017/11/12/armada-hoffler-properties-inc-ahh-downgraded-to-hold-at-zacks-investment-research.html.
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Investors of record on Wednesday, December 27th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, December 26th. This represents a $0.76 annualized dividend and a yield of 5.08%. Armada Hoffler Properties’s payout ratio is presently 152.00%.
In related news, CEO Louis S. Haddad purchased 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were bought at an average price of $14.92 per share, for a total transaction of $223,800.00. Following the acquisition, the chief executive officer now owns 267,221 shares of the company’s stock, valued at approximately $3,986,937.32. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 16.59% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the business. Wells Fargo & Company MN increased its stake in Armada Hoffler Properties by 69.0% in the third quarter. Wells Fargo & Company MN now owns 205,681 shares of the real estate investment trust’s stock worth $2,841,000 after purchasing an additional 83,972 shares during the period. Citadel Advisors LLC increased its stake in Armada Hoffler Properties by 110.3% in the third quarter. Citadel Advisors LLC now owns 120,052 shares of the real estate investment trust’s stock worth $1,658,000 after purchasing an additional 62,972 shares during the period. JPMorgan Chase & Co. increased its stake in Armada Hoffler Properties by 112.6% in the third quarter. JPMorgan Chase & Co. now owns 485,974 shares of the real estate investment trust’s stock worth $6,707,000 after purchasing an additional 257,371 shares during the period. Virginia Retirement Systems ET AL increased its stake in Armada Hoffler Properties by 68.7% in the third quarter. Virginia Retirement Systems ET AL now owns 78,100 shares of the real estate investment trust’s stock worth $1,079,000 after purchasing an additional 31,800 shares during the period. Finally, ETRADE Capital Management LLC increased its stake in Armada Hoffler Properties by 52.1% in the third quarter. ETRADE Capital Management LLC now owns 87,084 shares of the real estate investment trust’s stock worth $1,203,000 after purchasing an additional 29,830 shares during the period. Institutional investors and hedge funds own 81.36% 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.
Receive News & Ratings for Armada Hoffler Properties Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Armada Hoffler Properties Inc. and related companies with MarketBeat.com's FREE daily email newsletter.