Armada Hoffler Properties Inc (NYSE:AHH) has been assigned a consensus rating of “Hold” from the eleven ratings firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $14.67.
AHH has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a report on Monday, October 9th. B. Riley reaffirmed a “buy” rating on shares of Armada Hoffler Properties in a report on Thursday, November 2nd. TheStreet raised shares of Armada Hoffler Properties from a “c+” rating to a “b” rating in a report on Tuesday, October 31st. Stifel Nicolaus reissued a “hold” rating and set a $14.00 price objective on shares of Armada Hoffler Properties in a report on Thursday, September 21st. Finally, Citigroup cut shares of Armada Hoffler Properties to a “market perform” rating in a report on Monday, January 8th. They noted that the move was a valuation call.
Shares of Armada Hoffler Properties (NYSE:AHH) traded down $0.16 during trading on Monday, reaching $14.37. 312,400 shares of the company’s stock traded hands, compared to its average volume of 458,333. The company has a debt-to-equity ratio of 1.13, a current ratio of 10.44 and a quick ratio of 10.44. The stock has a market capitalization of $645.74, a PE ratio of 28.74, a PEG ratio of 4.17 and a beta of 0.58. Armada Hoffler Properties has a twelve month low of $12.65 and a twelve month high of $16.00.
Armada Hoffler Properties (NYSE:AHH) last issued its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.01. The business had revenue of $27.10 million during the quarter, compared to analysts’ expectations of $27.06 million. Armada Hoffler Properties had a net margin of 7.78% and a return on equity of 6.36%. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.26 earnings per share. research analysts forecast that Armada Hoffler Properties will post 0.99 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 4th. Stockholders of record on Wednesday, December 27th were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, December 26th. This represents a $0.76 annualized dividend and a dividend yield of 5.29%. Armada Hoffler Properties’s payout ratio is 152.00%.
In related news, CEO Louis S. Haddad acquired 15,000 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The stock was purchased at an average cost of $14.92 per share, with a total value of $223,800.00. Following the completion of the acquisition, the chief executive officer now directly owns 267,221 shares of the company’s stock, valued at $3,986,937.32. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 16.59% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in AHH. Thrivent Financial For Lutherans purchased a new position in shares of Armada Hoffler Properties during the second quarter valued at approximately $12,753,000. Vanguard Group Inc. grew its position in 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 buying an additional 839,457 shares during the period. State Street Corp grew its position in Armada Hoffler Properties by 50.9% during the second quarter. State Street Corp now owns 1,072,561 shares of the real estate investment trust’s stock valued at $13,888,000 after buying an additional 361,582 shares during the period. Alliancebernstein L.P. grew its position in Armada Hoffler Properties by 12.7% during the second quarter. Alliancebernstein L.P. now owns 2,757,981 shares of the real estate investment trust’s stock valued at $35,716,000 after buying an additional 311,360 shares during the period. Finally, Bank of New York Mellon Corp grew its position in Armada Hoffler Properties by 85.9% during the second 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. 81.98% of the stock is 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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