Armada Hoffler Properties Inc. (NYSE:AHH) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $15.15 and last traded at $15.04, with a volume of 264,490 shares traded. The stock had previously closed at $15.03.

Several research analysts have issued reports on the stock. Stifel Nicolaus raised their price objective on shares of Armada Hoffler Properties from $11.50 to $13.00 and gave the stock a “buy” rating in a research report on Thursday, May 5th. TheStreet raised shares of Armada Hoffler Properties from a “sell” rating to a “buy” rating in a research report on Monday, May 9th. Finally, Zacks Investment Research downgraded shares of Armada Hoffler Properties from a “buy” rating to a “hold” rating in a research report on Tuesday, June 14th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Armada Hoffler Properties currently has an average rating of “Buy” and a consensus target price of $12.63.

The company has a 50 day moving average of $13.56 and a 200-day moving average of $11.74. The stock has a market capitalization of $691.36 million and a P/E ratio of 13.07.

Armada Hoffler Properties (NYSE:AHH) last posted its 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 firm had revenue of $23.28 million for the quarter, compared to analyst estimates of $22.16 million. On average, equities analysts expect that Armada Hoffler Properties Inc. will post $0.97 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, July 7th. Investors of record on Wednesday, June 29th were issued a $0.18 dividend. The ex-dividend date was Monday, June 27th. This represents a $0.72 annualized dividend and a yield of 4.79%.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with's FREE daily email newsletter.