Armada Hoffler Properties (NYSE:AHH) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors 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 research analysts have also issued reports on AHH. Stifel Nicolaus reissued a “hold” rating and issued a $14.00 target price on shares of Armada Hoffler Properties in a research report on Thursday, September 21st. ValuEngine raised Armada Hoffler Properties from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. FBR & Co reaffirmed a “buy” rating on shares of Armada Hoffler Properties in a research report on Tuesday, October 3rd. TheStreet raised Armada Hoffler Properties from a “c+” rating to a “b” rating in a research report on Tuesday, October 31st. Finally, B. Riley reaffirmed a “buy” rating on shares of Armada Hoffler Properties in a research report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $15.20.

Shares of Armada Hoffler Properties (NYSE AHH) traded down $0.56 during trading on Monday, reaching $14.51. The company had a trading volume of 982,034 shares, compared to its average volume of 288,850. Armada Hoffler Properties has a 1-year low of $12.65 and a 1-year high of $16.00. The firm has a market cap of $905.73, a price-to-earnings ratio of 30.87, a PEG ratio of 4.38 and a beta of 0.58. The company has a debt-to-equity ratio of 1.13, a quick ratio of 10.44 and a current ratio of 10.44.

Armada Hoffler Properties (NYSE:AHH) last announced its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ 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 business had revenue of $27.10 million for the quarter, compared to analyst estimates of $27.06 million. During the same quarter last year, the firm earned $0.26 EPS. Armada Hoffler Properties’s revenue for the quarter was up 7.1% compared to the same quarter last year. analysts anticipate that Armada Hoffler Properties will post 0.99 EPS for the current fiscal year.

In related news, CEO Louis S. Haddad purchased 15,000 shares of the stock in a transaction on Wednesday, November 8th. The shares were purchased at an average price of $14.92 per share, with a total value of $223,800.00. Following the transaction, 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 SEC, which is available at this hyperlink. 16.59% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of the business. Pensionfund DSM Netherlands acquired a new position in shares of Armada Hoffler Properties during the 4th quarter worth approximately $388,000. Public Employees Retirement System of Ohio acquired a new position in shares of Armada Hoffler Properties during the 3rd quarter worth approximately $117,000. California Public Employees Retirement System increased its holdings in shares of Armada Hoffler Properties by 10.6% during the 3rd quarter. California Public Employees Retirement System now owns 97,649 shares of the real estate investment trust’s stock worth $1,349,000 after acquiring an additional 9,349 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Armada Hoffler Properties by 9.5% during the 3rd quarter. Janney Montgomery Scott LLC now owns 173,373 shares of the real estate investment trust’s stock worth $2,394,000 after acquiring an additional 15,032 shares during the last quarter. Finally, Royce & Associates LP increased its holdings in shares of Armada Hoffler Properties by 4.0% during the 3rd quarter. Royce & Associates LP now owns 302,500 shares of the real estate investment trust’s stock worth $4,178,000 after acquiring an additional 11,500 shares during the last quarter. 81.98% of the stock is currently owned by hedge funds and other institutional investors.

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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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