Armada Hoffler Properties Inc. (AHH) Hits New 12-Month High at $14.50
Armada Hoffler Properties Inc. (NYSE:AHH) reached a new 52-week high on Monday . The company traded as high as $14.50 and last traded at $14.45, with a volume of 144,460 shares. The stock had previously closed at $14.36.
A number of equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Armada Hoffler Properties from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Monday, June 27th. TheStreet downgraded shares of Armada Hoffler Properties from a “buy” rating to a “hold” rating in a research note on Monday, June 20th. Finally, Stifel Nicolaus boosted their price target on shares of Armada Hoffler Properties from $11.50 to $13.00 and gave the stock a “buy” rating in a research note on Thursday, May 5th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $12.63.
The stock has a market capitalization of $662.93 million and a PE ratio of 12.53. The company’s 50 day moving average is $13.22 and its 200 day moving average is $11.60.
Armada Hoffler Properties (NYSE:AHH) last announced its quarterly earnings results on Tuesday, May 3rd. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.03. The business earned $23.28 million during the quarter, compared to analysts’ expectations of $22.16 million. On average, analysts forecast that Armada Hoffler Properties Inc. will post $0.97 EPS 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 paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 5.01%. 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 raised its position 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 firm 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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