Armada Hoffler Properties Inc. (AHH) Sets New 52-Week High at $14.33
Armada Hoffler Properties Inc. (NYSE:AHH)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $14.33 and last traded at $14.20, with a volume of 130,416 shares trading hands. The stock had previously closed at $14.30.
AHH has been the topic of several research analyst reports. Stifel Nicolaus lifted their price objective 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 raised Armada Hoffler Properties from a “sell” rating to a “buy” rating in a research report on Monday, May 9th. Finally, Zacks Investment Research raised Armada Hoffler Properties from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research report on Wednesday, May 18th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $12.63.
The company has a market cap of $650.55 million and a PE ratio of 12.30. The company has a 50-day moving average of $12.96 and a 200-day moving average of $11.52.
Armada Hoffler Properties (NYSE:AHH) last announced its earnings results on Tuesday, May 3rd. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.22 by $0.03. The company had revenue of $23.28 million for the quarter, compared to analysts’ expectations of $22.16 million. On average, equities research analysts predict that Armada Hoffler Properties Inc. will post $0.96 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, July 7th. Investors of record on Wednesday, June 29th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 5.03%. The ex-dividend date was Monday, June 27th.
A hedge fund recently raised its stake in Armada Hoffler Properties stock. LSV Asset Management raised its stake in shares of Armada Hoffler Properties Inc. (NYSE:AHH) by 134.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 485,424 shares of the company’s stock after buying an additional 278,324 shares during the period. LSV Asset Management owned about 1.18% of Armada Hoffler Properties worth $5,087,000 as of its most recent SEC filing.
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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