Armada Hoffler Properties (NYSE:AHH) Cut to “Sell” at Zacks Investment Research

Zacks Investment Research lowered shares of Armada Hoffler Properties (NYSE:AHH) from a hold rating to a sell rating in a research report report published on Monday, January 8th.

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 brokerages have also recently commented on AHH. B. Riley restated a buy rating on shares of Armada Hoffler Properties in a research note on Thursday, November 2nd. TheStreet upgraded shares of Armada Hoffler Properties from a c+ rating to a b rating in a research note on Tuesday, October 31st. ValuEngine upgraded shares of Armada Hoffler Properties from a hold rating to a buy rating in a research note on Monday, October 2nd. Citigroup cut shares of Armada Hoffler Properties to a market perform rating in a research note on Monday, January 8th. They noted that the move was a valuation call. Finally, Raymond James Financial restated a market perform rating on shares of Armada Hoffler Properties in a research note on Monday, January 8th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $15.20.

Armada Hoffler Properties (NYSE AHH) opened at $14.39 on Monday. 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 firm has a market cap of $643.94, a PE ratio of 14.19, a price-to-earnings-growth ratio of 4.16 and a beta of 0.58. Armada Hoffler Properties has a 52 week low of $12.65 and a 52 week high of $16.00.

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 for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.01. The firm had revenue of $27.10 million for the quarter, compared to analysts’ expectations of $27.06 million. Armada Hoffler Properties had a net margin of 7.78% and a return on equity of 6.36%. The company’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.26 earnings per share. equities research analysts anticipate that Armada Hoffler Properties will post 0.99 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 4th. Investors of record on Wednesday, December 27th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.28%. The ex-dividend date of this dividend was Tuesday, December 26th. Armada Hoffler Properties’s payout ratio is currently 152.00%.

In other news, CEO Louis S. Haddad bought 15,000 shares of the stock in a transaction on Wednesday, November 8th. The shares were acquired at an average cost of $14.92 per share, for a total transaction of $223,800.00. Following the purchase, the chief executive officer now directly owns 267,221 shares of the company’s stock, valued at approximately $3,986,937.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 16.59% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio purchased a new stake in Armada Hoffler Properties in the 3rd quarter worth approximately $117,000. Institute for Wealth Management LLC. purchased a new stake in Armada Hoffler Properties in the 2nd quarter worth approximately $130,000. Teachers Retirement System of The State of Kentucky lifted its stake in Armada Hoffler Properties by 83.3% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 9,900 shares of the real estate investment trust’s stock worth $137,000 after purchasing an additional 4,500 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in 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 worth $160,000 after purchasing an additional 306 shares in the last quarter. Finally, Raymond James Trust N.A. purchased a new stake in Armada Hoffler Properties in the 3rd quarter worth approximately $163,000. Institutional investors and hedge funds own 81.63% 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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