Armada Hoffler Properties Inc. (AHH) Hits New 52-Week High at $13.87
Armada Hoffler Properties Inc. (NYSE:AHH) reached a new 52-week high during trading on Wednesday . The stock traded as high as $13.87 and last traded at $13.80, with a volume of 222,922 shares trading hands. The stock had previously closed at $13.78.
Several research firms have commented on AHH. Stifel Nicolaus boosted their target price on Armada Hoffler Properties from $11.50 to $13.00 and gave the company a “buy” rating in a research note on Thursday, May 5th. TheStreet upgraded Armada Hoffler Properties from a “sell” rating to a “buy” rating in a research note on Monday, May 9th. Finally, Zacks Investment Research cut Armada Hoffler Properties from a “buy” rating to a “hold” rating in a research note on Tuesday, June 14th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Armada Hoffler Properties presently has an average rating of “Buy” and a consensus target price of $12.63.
The firm has a 50-day moving average of $12.77 and a 200-day moving average of $11.44. The company has a market cap of $631.76 million and a PE ratio of 11.94.
Armada Hoffler Properties (NYSE:AHH) last released its quarterly earnings results on Tuesday, May 3rd. The company reported $0.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.03. The company earned $23.28 million during the quarter, compared to analysts’ expectations of $22.16 million. On average, equities research analysts forecast that Armada Hoffler Properties Inc. will post $0.96 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 7th. Investors of record on Wednesday, June 29th will be given a $0.18 dividend. The ex-dividend date of this dividend is Monday, June 27th. This represents a $0.72 annualized dividend and a yield of 5.22%.
An institutional investor recently raised its position in Armada Hoffler Properties stock. LSV Asset Management increased its stake in Armada Hoffler Properties Inc. (NYSE:AHH) by 134.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 485,424 shares of the company’s stock after buying an additional 278,324 shares during the period. LSV Asset Management owned 1.18% of Armada Hoffler Properties worth $5,087,000 at the end of the most recent reporting period.
Armada Hoffler Properties, Inc is a real estate company engaged in developing, building, owning and managing institutional-grade office, retail and multifamily properties in markets across the Mid-Atlantic United States. The Company operates through four segments: office real estate, retail real estate, multifamily residential real estate, and general contracting and real estate services.
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