Armada Hoffler Properties Inc (AHH) Receives Average Rating of “Buy” from Analysts

Armada Hoffler Properties Inc (NYSE:AHH) has been assigned an average rating of “Buy” from the eleven analysts that are currently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $14.67.

Several brokerages recently weighed in on AHH. TheStreet downgraded Armada Hoffler Properties from a “b” rating to a “c+” rating in a research note on Friday, January 5th. Zacks Investment Research upgraded Armada Hoffler Properties from a “sell” rating to a “hold” rating in a research note on Monday, January 22nd. Raymond James Financial restated a “market perform” rating on shares of Armada Hoffler Properties in a research note on Monday, January 8th. Finally, Citigroup downgraded 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.

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AHH stock traded down $0.15 on Friday, hitting $13.66. 191,655 shares of the company’s stock were exchanged, compared to its average volume of 307,777. Armada Hoffler Properties has a 12-month low of $12.65 and a 12-month high of $16.00. The company has a debt-to-equity ratio of 1.23, a current ratio of 9.59 and a quick ratio of 9.59. The company has a market cap of $622.84, a price-to-earnings ratio of 13.80, a price-to-earnings-growth ratio of 3.34 and a beta of 0.49.

Armada Hoffler Properties (NYSE:AHH) last announced its earnings results on Tuesday, February 6th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.15). Armada Hoffler Properties had a return on equity of 6.23% and a net margin of 8.42%. The business had revenue of $27.65 million for the quarter, compared to analysts’ expectations of $27.44 million. During the same quarter last year, the firm earned $0.25 earnings per share. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. equities research analysts anticipate that Armada Hoffler Properties will post 1.03 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, April 5th. Shareholders of record on Wednesday, March 28th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 5.86%. The ex-dividend date of this dividend was Tuesday, March 27th. This is an increase from Armada Hoffler Properties’s previous quarterly dividend of $0.19. Armada Hoffler Properties’s payout ratio is presently 80.81%.

In other news, CEO Louis S. Haddad purchased 15,000 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were acquired at an average price of $13.17 per share, for a total transaction of $197,550.00. Following the purchase, the chief executive officer now owns 282,221 shares in the company, valued at $3,716,850.57. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 16.59% of the stock is currently owned by insiders.

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 during the 3rd quarter valued at about $117,000. Teachers Retirement System of The State of Kentucky grew its stake in Armada Hoffler Properties by 83.3% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 9,900 shares of the real estate investment trust’s stock valued at $137,000 after purchasing an additional 4,500 shares during the last quarter. Park Avenue Securities LLC purchased a new stake in Armada Hoffler Properties during the 4th quarter valued at about $158,000. Amundi Pioneer Asset Management Inc. purchased a new stake in Armada Hoffler Properties during the 4th quarter valued at about $160,000. Finally, Intrust Bank NA purchased a new stake in Armada Hoffler Properties during the 4th quarter valued at about $193,000. Institutional investors and hedge funds own 80.25% 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.

Analyst Recommendations for Armada Hoffler Properties (NYSE:AHH)

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