Armada Hoffler Properties (NYSE:AHH) Price Target Cut to $12.50 by Analysts at Stifel Nicolaus

Armada Hoffler Properties (NYSE:AHH) had its target price reduced by Stifel Nicolaus from $12.75 to $12.50 in a report released on Friday morning, Benzinga reports. They currently have a buy rating on the real estate investment trust’s stock.

Several other equities analysts have also recently weighed in on the company. Jefferies Financial Group cut Armada Hoffler Properties from a buy rating to a hold rating and dropped their price objective for the company from $13.00 to $11.00 in a report on Monday, July 15th. StockNews.com raised Armada Hoffler Properties from a sell rating to a hold rating in a report on Friday, September 13th.

Armada Hoffler Properties Price Performance

Shares of NYSE AHH opened at $10.92 on Friday. The stock has a market capitalization of $969.51 million, a PE ratio of 121.33 and a beta of 1.04. The company has a debt-to-equity ratio of 2.44, a current ratio of 7.49 and a quick ratio of 7.49. The business has a fifty day moving average price of $11.82 and a two-hundred day moving average price of $11.23. Armada Hoffler Properties has a fifty-two week low of $9.81 and a fifty-two week high of $13.11.

Armada Hoffler Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 25th will be issued a dividend of $0.205 per share. The ex-dividend date is Wednesday, September 25th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 7.51%. Armada Hoffler Properties’s dividend payout ratio (DPR) is currently 911.11%.

Insider Transactions at Armada Hoffler Properties

In other Armada Hoffler Properties news, Director Dennis H. Gartman purchased 4,500 shares of the stock in a transaction dated Wednesday, July 10th. The stock was bought at an average price of $11.09 per share, with a total value of $49,905.00. Following the acquisition, the director now owns 21,486 shares of the company’s stock, valued at $238,279.74. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 11.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Armada Hoffler Properties

Institutional investors have recently modified their holdings of the business. Great Lakes Advisors LLC bought a new stake in Armada Hoffler Properties during the 2nd quarter worth $2,961,000. Mesirow Institutional Investment Management Inc. grew its position in Armada Hoffler Properties by 14.2% during the 1st quarter. Mesirow Institutional Investment Management Inc. now owns 1,049,188 shares of the real estate investment trust’s stock worth $10,912,000 after acquiring an additional 130,497 shares during the last quarter. Algert Global LLC grew its position in Armada Hoffler Properties by 858.2% during the 2nd quarter. Algert Global LLC now owns 140,738 shares of the real estate investment trust’s stock worth $1,561,000 after acquiring an additional 126,051 shares during the last quarter. First Eagle Investment Management LLC grew its position in Armada Hoffler Properties by 9.4% during the 1st quarter. First Eagle Investment Management LLC now owns 970,931 shares of the real estate investment trust’s stock worth $10,098,000 after acquiring an additional 83,500 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in Armada Hoffler Properties by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 7,757,553 shares of the real estate investment trust’s stock worth $80,679,000 after acquiring an additional 65,300 shares during the last quarter. Institutional investors and hedge funds own 66.35% of the company’s stock.

Armada Hoffler Properties Company Profile

Armada Hoffler (NYSE: AHH) is a vertically-integrated, self-managed real estate investment trust with over four decades of experience developing, building, acquiring, and managing high-quality retail, office, and multifamily properties located primarily in the Mid-Atlantic and Southeastern United States.