Armada Hoffler Properties (AHH) Stock Rating Lowered by ValuEngine

ValuEngine lowered shares of Armada Hoffler Properties (NYSE:AHH) from a buy rating to a hold rating in a research note published on Wednesday morning.

Other equities analysts have also issued research reports about the stock. Zacks Investment Research raised shares of Armada Hoffler Properties from a hold rating to a buy rating and set a $17.00 price target on the stock in a research report on Wednesday, July 18th. DA Davidson set a $18.00 price target on shares of Armada Hoffler Properties and gave the company a buy rating in a research report on Thursday, July 5th. B. Riley lifted 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 report on Wednesday, August 1st. Bank of America lifted 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 report on Monday, August 13th. Finally, Stifel Nicolaus lifted 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 report on Wednesday, August 1st. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has an average rating of Hold and an average price target of $16.45.

NYSE:AHH opened at $15.25 on Wednesday. Armada Hoffler Properties has a 12 month low of $12.73 and a 12 month high of $16.17. The company has a market capitalization of $740.71 million, a PE ratio of 15.40, a PEG ratio of 3.13 and a beta of 0.50. 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 released its quarterly earnings results on Tuesday, July 31st. The real estate investment trust reported $0.09 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.09. Armada Hoffler Properties had a net margin of 9.85% and a return on equity of 5.24%. The company had revenue of $28.60 million for the quarter, compared to analyst estimates of $29.10 million. analysts predict that Armada Hoffler Properties will post 1.06 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 4th. Stockholders of record on Wednesday, September 26th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, September 25th. This represents a $0.80 annualized dividend and a dividend yield of 5.25%. Armada Hoffler Properties’s payout ratio is 80.81%.

Several institutional investors have recently made changes to their positions in the company. Pinebridge Investments L.P. grew its stake in shares of Armada Hoffler Properties by 14.8% in the second quarter. Pinebridge Investments L.P. now owns 27,230 shares of the real estate investment trust’s stock worth $406,000 after acquiring an additional 3,502 shares during the last quarter. United Services Automobile Association grew its stake in shares of Armada Hoffler Properties by 30.1% in the second quarter. United Services Automobile Association now owns 15,930 shares of the real estate investment trust’s stock worth $237,000 after acquiring an additional 3,690 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Armada Hoffler Properties by 3.8% in the first quarter. Rhumbline Advisers now owns 109,158 shares of the real estate investment trust’s stock worth $1,494,000 after acquiring an additional 3,948 shares during the last quarter. Legal & General Group Plc grew its stake in shares of Armada Hoffler Properties by 6.3% in the second quarter. Legal & General Group Plc now owns 89,185 shares of the real estate investment trust’s stock worth $1,326,000 after acquiring an additional 5,248 shares during the last quarter. Finally, Swiss National Bank grew its stake in shares of Armada Hoffler Properties by 7.9% in the first quarter. Swiss National Bank now owns 78,200 shares of the real estate investment trust’s stock worth $1,071,000 after acquiring an additional 5,700 shares during the last quarter. Institutional investors and hedge funds own 81.93% 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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