Armada Hoffler Properties (AHH) Stock Rating Upgraded by ValuEngine

Armada Hoffler Properties (NYSE:AHH) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.

AHH has been the subject of a number of other research reports. Zacks Investment Research upgraded Armada Hoffler Properties from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research note on Wednesday, October 3rd. Bank of America lifted their price target on Armada Hoffler Properties from $15.50 to $16.75 and gave the company a “buy” rating in a research note on Monday, August 13th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $16.45.

AHH stock traded up $0.50 during mid-day trading on Thursday, reaching $15.26. 366,742 shares of the company traded hands, compared to its average volume of 286,995. The company has a market capitalization of $732.51 million, a P/E ratio of 15.41, a price-to-earnings-growth ratio of 3.12 and a beta of 0.48. The company has a debt-to-equity ratio of 1.42, a quick ratio of 10.24 and a current ratio of 10.24. Armada Hoffler Properties has a fifty-two week low of $12.73 and a fifty-two week high of $16.17.

Armada Hoffler Properties (NYSE:AHH) last released its quarterly earnings results on Tuesday, October 30th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). The company had revenue of $28.93 million for the quarter, compared to analyst estimates of $29.38 million. Armada Hoffler Properties had a net margin of 9.20% and a return on equity of 4.41%. As a group, sell-side analysts forecast that Armada Hoffler Properties will post 1.02 earnings per share for the current fiscal year.

In other news, CEO Louis S. Haddad bought 15,000 shares of the company’s stock in a transaction on Wednesday, November 21st. The shares were purchased at an average price of $14.82 per share, with a total value of $222,300.00. Following the transaction, the chief executive officer now directly owns 299,363 shares in the company, valued at $4,436,559.66. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 14.40% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of the business. Pinebridge Investments L.P. lifted its position in shares of Armada Hoffler Properties by 14.8% during the 2nd quarter. Pinebridge Investments L.P. now owns 27,230 shares of the real estate investment trust’s stock worth $406,000 after buying an additional 3,502 shares in the last quarter. American International Group Inc. lifted its position in shares of Armada Hoffler Properties by 10.2% during the 3rd quarter. American International Group Inc. now owns 38,230 shares of the real estate investment trust’s stock worth $578,000 after buying an additional 3,526 shares in the last quarter. United Services Automobile Association lifted its position in shares of Armada Hoffler Properties by 30.1% during the 2nd quarter. United Services Automobile Association now owns 15,930 shares of the real estate investment trust’s stock worth $237,000 after buying an additional 3,690 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Armada Hoffler Properties by 3.4% during the 3rd quarter. Rhumbline Advisers now owns 117,493 shares of the real estate investment trust’s stock worth $1,775,000 after buying an additional 3,828 shares in the last quarter. Finally, Teachers Insurance & Annuity Association of America lifted its position in shares of Armada Hoffler Properties by 6.5% during the 3rd quarter. Teachers Insurance & Annuity Association of America now owns 64,572 shares of the real estate investment trust’s stock worth $976,000 after buying an additional 3,961 shares in the last quarter. 83.14% of the stock is currently owned by hedge funds and other institutional investors.

About Armada Hoffler Properties

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.

Featured Article: Yield Curve

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Armada Hoffler Properties (NYSE:AHH)

Receive News & Ratings for Armada Hoffler Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Armada Hoffler Properties and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply