Armada Hoffler Properties, Inc. (AHH) Upgraded at ValuEngine
ValuEngine upgraded shares of Armada Hoffler Properties, Inc. (NYSE:AHH) from a hold rating to a buy rating in a report published on Monday morning.
Several other analysts have also recently commented on AHH. BidaskClub cut Armada Hoffler Properties from a buy rating to a hold rating in a research report on Monday, August 14th. Stifel Nicolaus restated a hold rating and issued a $14.00 target price on shares of Armada Hoffler Properties in a research report on Thursday, September 21st. Zacks Investment Research cut Armada Hoffler Properties from a hold rating to a sell rating in a research report on Wednesday, August 2nd. FBR & Co restated an outperform rating and issued a $15.00 target price on shares of Armada Hoffler Properties in a research report on Tuesday, July 11th. Finally, Bank of America Corporation began coverage on Armada Hoffler Properties in a research report on Wednesday, September 6th. They issued a buy rating and a $15.00 target price on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. Armada Hoffler Properties presently has an average rating of Hold and a consensus price target of $14.75.
Shares of Armada Hoffler Properties (NYSE AHH) opened at 13.95 on Monday. The stock has a market capitalization of $875.74 million, a P/E ratio of 28.53 and a beta of 0.54. The company has a 50 day moving average price of $13.54 and a 200-day moving average price of $13.54. Armada Hoffler Properties has a 1-year low of $12.52 and a 1-year high of $14.98.
Armada Hoffler Properties (NYSE:AHH) last posted its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.25 EPS for the quarter, meeting the consensus estimate of $0.25. Armada Hoffler Properties had a return on equity of 7.02% and a net margin of 8.04%. The firm had revenue of $26.76 million for the quarter, compared to analysts’ expectations of $27.18 million. During the same period last year, the firm earned $0.26 EPS. The firm’s revenue was up 10.4% compared to the same quarter last year. On average, equities research analysts forecast that Armada Hoffler Properties will post $0.41 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Wednesday, September 27th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 5.45%. The ex-dividend date of this dividend is Tuesday, September 26th. Armada Hoffler Properties’s dividend payout ratio (DPR) is presently 158.34%.
Several hedge funds have recently modified their holdings of the company. Navellier & Associates Inc increased its position in shares of Armada Hoffler Properties by 0.7% during the 2nd quarter. Navellier & Associates Inc now owns 59,964 shares of the real estate investment trust’s stock valued at $777,000 after purchasing an additional 407 shares during the period. Cetera Investment Advisers acquired a new position in shares of Armada Hoffler Properties during the 2nd quarter valued at $272,000. Mesirow Financial Investment Management Inc. acquired a new position in shares of Armada Hoffler Properties during the 2nd quarter valued at $243,000. Sterneck Capital Management LLC acquired a new position in shares of Armada Hoffler Properties during the 2nd quarter valued at $1,544,000. Finally, Verition Fund Management LLC acquired a new position in shares of Armada Hoffler Properties during the 2nd quarter valued at $386,000. Institutional investors own 81.41% of the company’s stock.
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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