Armada Hoffler Properties, Inc. (AHH) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of Armada Hoffler Properties, Inc. (NYSE:AHH) from a hold rating to a buy rating in a report published on Thursday. They currently have $16.00 price objective on the real estate investment trust’s stock.

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. “

A number of other equities analysts have also commented on the company. TheStreet raised Armada Hoffler Properties from a c+ rating to a b rating in a research note on Tuesday, October 31st. FBR & Co reissued a buy rating on shares of Armada Hoffler Properties in a research note on Tuesday, October 3rd. ValuEngine raised Armada Hoffler Properties from a hold rating to a buy rating in a research note on Monday, October 2nd. Stifel Nicolaus reissued a hold rating and issued a $14.00 price objective on shares of Armada Hoffler Properties in a research note on Thursday, September 21st. Finally, Bank of America Corporation assumed coverage on Armada Hoffler Properties in a research note on Wednesday, September 6th. They issued a buy rating and a $15.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Armada Hoffler Properties presently has a consensus rating of Buy and an average price target of $14.92.

Shares of Armada Hoffler Properties (AHH) opened at $14.46 on Thursday. The company has a debt-to-equity ratio of 1.13, a current ratio of 10.44 and a quick ratio of 10.44. The company has a market capitalization of $649.78, a price-to-earnings ratio of 14.32, a P/E/G ratio of 4.28 and a beta of 0.55. Armada Hoffler Properties has a one year low of $12.65 and a one year high of $14.98.

Armada Hoffler Properties (NYSE:AHH) last posted its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The company had revenue of $27.10 million for the quarter, compared to analyst estimates of $27.06 million. Armada Hoffler Properties had a return on equity of 6.36% and a net margin of 7.78%. The business’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.26 earnings per share. equities analysts forecast that Armada Hoffler Properties will post 0.99 earnings per share for the current year.

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The company also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Wednesday, December 27th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, December 26th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.26%. Armada Hoffler Properties’s payout ratio is currently 152.00%.

Several hedge funds have recently added to or reduced their stakes in AHH. Bank of New York Mellon Corp raised its position in shares of Armada Hoffler Properties by 3.3% during the first quarter. Bank of New York Mellon Corp now owns 339,710 shares of the real estate investment trust’s stock worth $4,719,000 after acquiring an additional 10,869 shares during the last quarter. Swiss National Bank raised its position in shares of Armada Hoffler Properties by 9.1% during the first quarter. Swiss National Bank now owns 60,000 shares of the real estate investment trust’s stock worth $833,000 after acquiring an additional 5,000 shares during the last quarter. UBS Asset Management Americas Inc. bought a new stake in shares of Armada Hoffler Properties during the first quarter worth $193,000. Parametric Portfolio Associates LLC raised its position in shares of Armada Hoffler Properties by 0.7% during the first quarter. Parametric Portfolio Associates LLC now owns 189,371 shares of the real estate investment trust’s stock worth $2,630,000 after acquiring an additional 1,392 shares during the last quarter. Finally, American International Group Inc. raised its position in shares of Armada Hoffler Properties by 7.9% during the first quarter. American International Group Inc. now owns 19,299 shares of the real estate investment trust’s stock worth $268,000 after acquiring an additional 1,406 shares during the last quarter. Institutional investors own 81.36% of the company’s stock.

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.

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Analyst Recommendations for Armada Hoffler Properties (NYSE:AHH)

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