Zacks Investment Research lowered shares of Armada Hoffler Properties, Inc. (NYSE:AHH) from a buy rating to a hold rating in a research note published on Friday morning.

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. “

Several other analysts have also issued reports on AHH. TheStreet upgraded Armada Hoffler Properties from a c+ rating to a b rating in a research note on Tuesday, October 31st. BidaskClub lowered Armada Hoffler Properties from a buy rating to a hold rating in a research note on Monday, August 14th. ValuEngine upgraded Armada Hoffler Properties from a hold rating to a buy rating in a research note on Monday, October 2nd. FBR & Co reiterated a buy rating on shares of Armada Hoffler Properties in a research note on Tuesday, October 3rd. Finally, Stifel Nicolaus reiterated a hold rating and set a $14.00 target price on shares of Armada Hoffler Properties in a research note on Thursday, September 21st. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $14.92.

Shares of Armada Hoffler Properties (AHH) opened at $14.46 on Friday. 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 $649.78, a P/E ratio of 14.32, a price-to-earnings-growth ratio of 4.28 and a beta of 0.55. Armada Hoffler Properties has a 52 week low of $12.65 and a 52 week high of $14.98.

Armada Hoffler Properties (NYSE:AHH) last released its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. The firm had revenue of $27.10 million for the quarter, compared to analyst estimates of $27.06 million. Armada Hoffler Properties had a return on equity of 6.36% and a net margin of 7.78%. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.26 earnings per share. equities research analysts forecast that Armada Hoffler Properties will post 0.99 EPS for the current fiscal year.

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The company also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Wednesday, December 27th will be paid a dividend of $0.19 per share. The ex-dividend date is Tuesday, December 26th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.26%. Armada Hoffler Properties’s dividend payout ratio (DPR) is currently 152.00%.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Armada Hoffler Properties by 18.9% during the 2nd quarter. Vanguard Group Inc. now owns 5,283,105 shares of the real estate investment trust’s stock worth $68,416,000 after acquiring an additional 839,457 shares during the period. Alliancebernstein L.P. increased its stake in Armada Hoffler Properties by 12.7% during the 2nd quarter. Alliancebernstein L.P. now owns 2,757,981 shares of the real estate investment trust’s stock worth $35,716,000 after acquiring an additional 311,360 shares during the period. Renaissance Technologies LLC increased its stake in Armada Hoffler Properties by 7.0% during the 2nd quarter. Renaissance Technologies LLC now owns 1,602,000 shares of the real estate investment trust’s stock worth $20,746,000 after acquiring an additional 104,700 shares during the period. State Street Corp increased its stake in Armada Hoffler Properties by 50.9% during the 2nd quarter. State Street Corp now owns 1,072,561 shares of the real estate investment trust’s stock worth $13,888,000 after acquiring an additional 361,582 shares during the period. Finally, Thrivent Financial For Lutherans bought a new position in Armada Hoffler Properties during the 2nd quarter worth $12,753,000. Institutional investors own 81.36% of the company’s stock.

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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