Armada Hoffler Properties Inc. (AHH) Hits New 1-Year High at $14.33
Armada Hoffler Properties Inc. (NYSE:AHH) shares reached a new 52-week high on Tuesday . The company traded as high as $14.33 and last traded at $14.20, with a volume of 130,416 shares traded. The stock had previously closed at $14.30.
A number of research firms have weighed in on AHH. Zacks Investment Research upgraded Armada Hoffler Properties from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Monday, June 27th. TheStreet downgraded Armada Hoffler Properties from a “buy” rating to a “hold” rating in a report on Monday, June 20th. Finally, Stifel Nicolaus upped their target price on Armada Hoffler Properties from $11.50 to $13.00 and gave the stock a “buy” rating in a report on Thursday, May 5th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $12.63.
The company has a market cap of $654.22 million and a P/E ratio of 12.37. The firm has a 50 day moving average of $13.09 and a 200-day moving average of $11.56.
Armada Hoffler Properties (NYSE:AHH) last announced its quarterly earnings data on Tuesday, May 3rd. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates 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. Analysts forecast that Armada Hoffler Properties Inc. will post $0.96 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 7th. Stockholders of record on Wednesday, June 29th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.05%. The ex-dividend date of this dividend was Monday, June 27th.
An institutional investor recently raised its position in Armada Hoffler Properties stock. LSV Asset Management increased its position in shares of Armada Hoffler Properties Inc. (NYSE:AHH) by 134.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 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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