Zacks Investment Research upgraded shares of Armada Hoffler Properties (NYSE:AHH) from a strong sell rating to a hold rating in a research report report published 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 recently commented on AHH. Stifel Nicolaus reissued a hold rating and set a $14.00 price target on shares of Armada Hoffler Properties in a report on Thursday, September 21st. ValuEngine raised Armada Hoffler Properties from a hold rating to a buy rating in a report on Monday, October 2nd. FBR & Co reissued a buy rating on shares of Armada Hoffler Properties in a report on Tuesday, October 3rd. TheStreet raised Armada Hoffler Properties from a c+ rating to a b rating in a report on Tuesday, October 31st. Finally, B. Riley reissued a buy rating on shares of Armada Hoffler Properties in a report on Thursday, November 2nd. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Armada Hoffler Properties currently has a consensus rating of Buy and a consensus target price of $15.20.

Shares of Armada Hoffler Properties (NYSE AHH) traded down $0.16 during trading on Monday, reaching $14.37. The company had a trading volume of 312,400 shares, compared to its average volume of 458,333. Armada Hoffler Properties has a one year low of $12.65 and a one year high of $16.00. The company has a market cap of $904.48, a PE ratio of 30.57, a P/E/G ratio of 4.17 and a beta of 0.58. The company has a current ratio of 10.44, a quick ratio of 10.44 and a debt-to-equity ratio of 1.13.

Armada Hoffler Properties (NYSE:AHH) last announced its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.25 EPS for the quarter, topping 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 company had revenue of $27.10 million for the quarter, compared to analysts’ expectations of $27.06 million. During the same period 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. equities research analysts anticipate that Armada Hoffler Properties will post 0.99 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 4th. Shareholders of record on Wednesday, December 27th were issued a dividend of $0.19 per share. The ex-dividend date was Tuesday, December 26th. This represents a $0.76 dividend on an annualized basis and a yield of 5.29%. Armada Hoffler Properties’s dividend payout ratio is presently 161.70%.

In other Armada Hoffler Properties news, CEO Louis S. Haddad purchased 15,000 shares of the firm’s stock in a transaction on Wednesday, November 8th. The shares were acquired 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 in the company, valued at $3,986,937.32. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 16.59% of the stock is owned by company insiders.

Institutional investors have recently modified their holdings of the company. Cetera Investment Advisers purchased a new position in shares of Armada Hoffler Properties during the second quarter valued at about $272,000. Vanguard Group Inc. grew its position in shares of 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 purchasing an additional 839,457 shares in the last quarter. Northern Trust Corp grew its position in shares of Armada Hoffler Properties by 35.8% during the second quarter. Northern Trust Corp now owns 558,872 shares of the real estate investment trust’s stock valued at $7,237,000 after purchasing an additional 147,192 shares in the last quarter. Swiss National Bank grew its position in shares of Armada Hoffler Properties by 20.8% during the second quarter. Swiss National Bank now owns 72,500 shares of the real estate investment trust’s stock valued at $939,000 after purchasing an additional 12,500 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in shares of Armada Hoffler Properties by 34.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 171,447 shares of the real estate investment trust’s stock valued at $2,221,000 after purchasing an additional 44,155 shares in the last quarter. Hedge funds and other institutional investors own 81.98% of the company’s stock.

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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.

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