Armada Hoffler Properties Inc (NYSE:AHH) has been given a consensus recommendation of “Buy” by the eleven research firms that are currently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $14.67.

A number of brokerages have recently weighed in on AHH. Citigroup lowered shares of Armada Hoffler Properties to a “market perform” rating in a research note on Monday, January 8th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Armada Hoffler Properties from a “strong sell” rating to a “hold” rating in a research note on Monday, January 15th. Raymond James Financial reaffirmed a “market perform” rating on shares of Armada Hoffler Properties in a research note on Monday, January 8th. TheStreet lowered shares of Armada Hoffler Properties from a “b” rating to a “c+” rating in a research note on Friday, January 5th. Finally, B. Riley reaffirmed a “buy” rating on shares of Armada Hoffler Properties in a research note on Thursday, November 2nd.

A number of hedge funds have recently added to or reduced their stakes in the stock. Navellier & Associates Inc lifted its stake in Armada Hoffler Properties by 0.7% during the second quarter. Navellier & Associates Inc now owns 59,964 shares of the real estate investment trust’s stock valued at $777,000 after purchasing an additional 407 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in Armada Hoffler Properties by 1.2% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 81,975 shares of the real estate investment trust’s stock valued at $1,062,000 after purchasing an additional 980 shares during the last quarter. Advisor Group Inc. lifted its stake in Armada Hoffler Properties by 9.0% during the second quarter. Advisor Group Inc. now owns 19,337 shares of the real estate investment trust’s stock valued at $251,000 after purchasing an additional 1,594 shares during the last quarter. Voya Investment Management LLC lifted its stake in Armada Hoffler Properties by 21.7% during the second quarter. Voya Investment Management LLC now owns 18,337 shares of the real estate investment trust’s stock valued at $237,000 after purchasing an additional 3,266 shares during the last quarter. Finally, TCW Group Inc. lifted its stake in Armada Hoffler Properties by 2.6% during the third quarter. TCW Group Inc. now owns 159,160 shares of the real estate investment trust’s stock valued at $2,198,000 after purchasing an additional 4,100 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Shares of Armada Hoffler Properties (NYSE:AHH) traded down $0.38 during trading hours on Friday, hitting $12.77. 126,336 shares of the stock were exchanged, compared to its average volume of 359,193. The firm has a market cap of $590.92, a price-to-earnings ratio of 26.30, a P/E/G ratio of 3.75 and a beta of 0.46. Armada Hoffler Properties has a 12 month low of $12.65 and a 12 month high of $16.00. The company has a current ratio of 9.59, a quick ratio of 10.44 and a debt-to-equity ratio of 1.23.

Armada Hoffler Properties (NYSE:AHH) last issued its quarterly earnings results on Tuesday, February 6th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.15). The company had revenue of $27.65 million during the quarter, compared to analyst estimates of $27.44 million. Armada Hoffler Properties had a return on equity of 6.23% and a net margin of 8.42%. The company’s revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.25 earnings per share. equities analysts forecast that Armada Hoffler Properties will post 1.03 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This article was first reported by Watch List News and is owned by of Watch List News. If you are accessing this article on another publication, it was illegally copied and republished in violation of international copyright and trademark law. The original version of this article can be accessed at https://www.watchlistnews.com/analysts-set-armada-hoffler-properties-inc-ahh-pt-at-14-67/1861575.html.

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)

Receive News & Ratings for Armada Hoffler Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Armada Hoffler Properties and related companies with MarketBeat.com's FREE daily email newsletter.