Armada Hoffler Properties Inc (NYSE:AHH) has received an average rating of “Hold” from the nine analysts that are covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $16.31.

AHH has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, July 3rd. Stifel Nicolaus increased their price target on shares of Armada Hoffler Properties from $13.00 to $14.00 and gave the company a “hold” rating in a research note on Wednesday, August 1st. Bank of America increased their price target on shares of Armada Hoffler Properties from $15.50 to $16.75 and gave the company a “buy” rating in a research note on Monday, August 13th. B. Riley increased their price target on shares of Armada Hoffler Properties from $15.50 to $16.50 and gave the company a “buy” rating in a research note on Wednesday, August 1st. Finally, DA Davidson set a $18.00 price target on shares of Armada Hoffler Properties and gave the company a “buy” rating in a research note on Thursday, July 5th.

Shares of NYSE:AHH opened at $14.98 on Wednesday. The company has a market capitalization of $737.29 million, a P/E ratio of 15.13, a PEG ratio of 3.46 and a beta of 0.48. Armada Hoffler Properties has a fifty-two week low of $12.73 and a fifty-two week high of $16.17. The company has a debt-to-equity ratio of 1.27, a quick ratio of 12.60 and a current ratio of 12.60.

Armada Hoffler Properties (NYSE:AHH) last issued its earnings results on Tuesday, July 31st. The real estate investment trust reported $0.09 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.09. The firm had revenue of $28.60 million for the quarter, compared to analysts’ expectations of $29.10 million. Armada Hoffler Properties had a net margin of 9.85% and a return on equity of 5.24%. As a group, analysts predict that Armada Hoffler Properties will post 1.02 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, October 4th. Shareholders of record on Wednesday, September 26th were paid a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, September 25th. This represents a $0.80 annualized dividend and a yield of 5.34%. Armada Hoffler Properties’s dividend payout ratio is currently 80.81%.

Several institutional investors and hedge funds have recently made changes to their positions in AHH. Citadel Advisors LLC grew its position in shares of Armada Hoffler Properties by 298.3% during the second quarter. Citadel Advisors LLC now owns 574,822 shares of the real estate investment trust’s stock worth $8,565,000 after acquiring an additional 430,490 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Armada Hoffler Properties by 16.4% during the second quarter. Renaissance Technologies LLC now owns 2,646,600 shares of the real estate investment trust’s stock worth $39,434,000 after acquiring an additional 373,400 shares during the last quarter. Rothschild Asset Management Inc. purchased a new position in shares of Armada Hoffler Properties during the second quarter worth approximately $5,172,000. BlackRock Inc. grew its position in shares of Armada Hoffler Properties by 4.0% during the second quarter. BlackRock Inc. now owns 6,691,158 shares of the real estate investment trust’s stock worth $99,698,000 after acquiring an additional 254,843 shares during the last quarter. Finally, Forward Management LLC purchased a new position in shares of Armada Hoffler Properties during the second quarter worth approximately $3,725,000. Institutional investors and hedge funds own 81.89% of the company’s stock.

Armada Hoffler Properties Company Profile

Armada Hoffler Properties, Inc (NYSE: AHH) is a vertically-integrated, self-managed real estate investment trust ("REIT") with nearly four decades of experience developing, building, acquiring and managing high-quality, institutional-grade office, retail and multifamily properties located primarily in the Mid-Atlantic and Southeastern United States.

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Analyst Recommendations for Armada Hoffler Properties (NYSE:AHH)

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