Armada Hoffler Properties, Inc. (NYSE:AHH) Rating Lowered to Sell at Zacks Investment Research

Zacks Investment Research cut shares of Armada Hoffler Properties, Inc. (NYSE:AHH) from a hold rating to a sell rating in a research note published on Monday, October 9th.

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. “

Several other research analysts have also commented on AHH. Robert W. Baird reiterated an outperform rating and set a $15.00 price target on shares of Armada Hoffler Properties in a report on Friday, July 14th. Bank of America Corporation assumed coverage on Armada Hoffler Properties in a report on Wednesday, September 6th. They set a buy rating and a $15.00 price target on the stock. BidaskClub lowered Armada Hoffler Properties from a hold rating to a sell rating in a report on Saturday, July 8th. Stifel Nicolaus lowered Armada Hoffler Properties from a buy rating to a hold rating and reduced their price target for the stock from $14.50 to $14.00 in a report on Thursday, June 22nd. Finally, FBR & Co reiterated an outperform rating and set a $15.00 price target on shares of Armada Hoffler Properties in a report on Tuesday, July 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $14.70.

Armada Hoffler Properties (AHH) opened at 14.17 on Monday. Armada Hoffler Properties has a 12-month low of $12.66 and a 12-month high of $14.98. The company has a 50-day moving average of $13.83 and a 200 day moving average of $13.58. The firm has a market cap of $889.55 million, a price-to-earnings ratio of 28.98 and a beta of 0.54.

Armada Hoffler Properties (NYSE:AHH) last released its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.25. The firm had revenue of $26.76 million for the quarter, compared to analysts’ expectations of $27.18 million. Armada Hoffler Properties had a net margin of 8.04% and a return on equity of 7.02%. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.26 EPS. Equities analysts expect that Armada Hoffler Properties will post $0.41 EPS for the current fiscal year.

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The company also recently announced a quarterly dividend, which was paid on Thursday, October 5th. Shareholders of record on Wednesday, September 27th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 5.36%. The ex-dividend date of this dividend was Tuesday, September 26th. Armada Hoffler Properties’s dividend payout ratio is currently 158.34%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. US Bancorp DE grew its position in Armada Hoffler Properties by 15,303.0% in the 2nd quarter. US Bancorp DE now owns 10,166 shares of the real estate investment trust’s stock valued at $132,000 after acquiring an additional 10,100 shares in the last quarter. Great West Life Assurance Co. Can grew its position in Armada Hoffler Properties by 128.4% in the 2nd quarter. Great West Life Assurance Co. Can now owns 92,686 shares of the real estate investment trust’s stock valued at $1,197,000 after acquiring an additional 52,099 shares in the last quarter. BB&T Securities LLC grew its position in Armada Hoffler Properties by 87.6% in the 2nd quarter. BB&T Securities LLC now owns 54,759 shares of the real estate investment trust’s stock valued at $709,000 after acquiring an additional 25,570 shares in the last quarter. Swiss National Bank grew its position in Armada Hoffler Properties by 9.1% in the 1st quarter. Swiss National Bank now owns 60,000 shares of the real estate investment trust’s stock valued at $833,000 after acquiring an additional 5,000 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its position in shares of Armada Hoffler Properties by 1,449.1% during the first quarter. PNC Financial Services Group Inc. now owns 127,028 shares of the real estate investment trust’s stock worth $1,765,000 after buying an additional 118,828 shares in the last quarter. 81.41% of the stock is owned by institutional investors.

About Armada Hoffler Properties

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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