Zacks Investment Research upgraded shares of Armada Hoffler Properties, Inc. (NYSE:AHH) from a hold rating to a buy rating in a report released on Thursday. Zacks Investment Research currently has $16.00 price target on the real estate investment trust’s stock.

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. “

Other analysts also recently issued research reports about the stock. Robert W. Baird reissued an outperform rating and set a $15.00 target price on shares of Armada Hoffler Properties in a research report on Friday, July 14th. BidaskClub upgraded Armada Hoffler Properties from a hold rating to a buy rating in a research note on Tuesday, August 8th. FBR & Co reiterated an outperform rating and set a $15.00 target price on shares of Armada Hoffler Properties in a research note on Tuesday, July 11th. ValuEngine upgraded Armada Hoffler Properties from a hold rating to a buy rating in a research note on Monday, October 2nd. Finally, Stifel Nicolaus reaffirmed a hold rating and issued a $14.00 target price on shares of Armada Hoffler Properties in a research report on Thursday, September 21st. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Armada Hoffler Properties currently has a consensus rating of Buy and an average target price of $14.92.

Shares of Armada Hoffler Properties (NYSE:AHH) traded down $0.06 during trading hours on Thursday, hitting $14.46. The stock had a trading volume of 248,211 shares, compared to its average volume of 252,689. Armada Hoffler Properties has a one year low of $12.65 and a one year high of $14.98. The company has a debt-to-equity ratio of 1.13, a current ratio of 10.44 and a quick ratio of 16.75. The firm has a market cap of $649.79, a price-to-earnings ratio of 14.32, a PEG ratio of 4.29 and a beta of 0.55.

Armada Hoffler Properties (NYSE:AHH) last released 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. The company had revenue of $27.10 million for the quarter, compared to analyst estimates of $27.06 million. Armada Hoffler Properties had a net margin of 7.78% and a return on equity of 6.36%. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.26 EPS. equities research analysts anticipate 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. Investors of record on Wednesday, December 27th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 5.26%. The ex-dividend date is Tuesday, December 26th. Armada Hoffler Properties’s payout ratio is currently 152.00%.

Several large investors have recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. boosted its position in shares of Armada Hoffler Properties by 2.5% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 12,341 shares of the real estate investment trust’s stock valued at $160,000 after purchasing an additional 306 shares during the period. California Public Employees Retirement System boosted its position in Armada Hoffler Properties by 0.3% during the 1st quarter. California Public Employees Retirement System now owns 117,800 shares of the real estate investment trust’s stock worth $1,636,000 after acquiring an additional 400 shares during the period. Navellier & Associates Inc boosted its position in 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 worth $777,000 after acquiring an additional 407 shares during the period. Legal & General Group Plc boosted its position in Armada Hoffler Properties by 12.1% during the 1st quarter. Legal & General Group Plc now owns 8,958 shares of the real estate investment trust’s stock worth $123,000 after acquiring an additional 967 shares during the period. Finally, Raymond James Financial Services Advisors Inc. boosted its position in Armada Hoffler Properties by 1.2% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 81,975 shares of the real estate investment trust’s stock worth $1,062,000 after acquiring an additional 980 shares during the period. Institutional investors and hedge funds own 81.26% 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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Analyst Recommendations for Armada Hoffler Properties (NYSE:AHH)

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