Armada Hoffler Properties Inc (NYSE:AHH)’s share price reached a new 52-week high on Monday . The stock traded as high as $15.96 and last traded at $15.70, with a volume of 687900 shares changing hands. The stock had previously closed at $15.58.

AHH has been the topic of several analyst reports. TheStreet raised Armada Hoffler Properties from a “c+” rating to a “b” rating in a research note on Tuesday, October 31st. FBR & Co reissued a “buy” rating on shares of Armada Hoffler Properties in a research note on Tuesday, October 3rd. ValuEngine upgraded Armada Hoffler Properties from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. B. Riley restated a “buy” rating on shares of Armada Hoffler Properties in a report on Thursday, November 2nd. Finally, Zacks Investment Research upgraded Armada Hoffler Properties from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a report on Thursday, November 2nd. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $15.20.

The stock has a market cap of $705.51, a price-to-earnings ratio of 15.54, a PEG ratio of 4.63 and a beta of 0.58. 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 announced its quarterly 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. Armada Hoffler Properties had a return on equity of 6.36% and a net margin of 7.78%. The company had revenue of $27.10 million during the quarter, compared to the consensus estimate of $27.06 million. During the same period in the prior year, the company earned $0.26 earnings per share. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. sell-side analysts predict that Armada Hoffler Properties Inc will post 0.99 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Wednesday, December 27th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, December 26th. This represents a $0.76 annualized dividend and a dividend yield of 4.84%. Armada Hoffler Properties’s dividend payout ratio (DPR) is currently 152.00%.

In other news, CEO Louis S. Haddad acquired 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The stock was acquired at an average cost of $14.92 per share, for a total transaction of $223,800.00. Following the completion of the acquisition, the chief executive officer now owns 267,221 shares in the company, valued at $3,986,937.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 16.59% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio bought a new position in shares of Armada Hoffler Properties during the third quarter worth about $117,000. Institute for Wealth Management LLC. bought a new position in shares of Armada Hoffler Properties during the second quarter worth about $130,000. US Bancorp DE grew its holdings in shares of Armada Hoffler Properties by 15,303.0% during the second quarter. US Bancorp DE now owns 10,166 shares of the real estate investment trust’s stock worth $132,000 after buying an additional 10,100 shares in the last quarter. Municipal Employees Retirement System of Michigan bought a new position in shares of Armada Hoffler Properties during the second quarter worth about $137,000. Finally, Teachers Retirement System of The State of Kentucky grew its holdings in shares of Armada Hoffler Properties by 83.3% during 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 in the last quarter. Institutional investors and hedge funds own 82.10% 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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