Armada Hoffler Properties Inc. (AHH) Stock Price Down 2.6%
Armada Hoffler Properties Inc. (NYSE:AHH) shares were down 2.6% on Wednesday . The stock traded as low as $14.02 and last traded at $14.04, with a volume of 489,586 shares trading hands. The stock had previously closed at $14.41.
Several research analysts recently weighed in on AHH shares. TheStreet lowered Armada Hoffler Properties from a “buy” rating to a “hold” rating in a research report on Monday, June 20th. Zacks Investment Research raised Armada Hoffler Properties from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Monday, June 27th. Wunderlich upped their target price on Armada Hoffler Properties from $13.00 to $15.50 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Stifel Nicolaus upped their target price on Armada Hoffler Properties from $13.00 to $15.50 and gave the stock a “buy” rating in a research report on Wednesday. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $13.70.
The stock has a market cap of $643.22 million and a P/E ratio of 12.16. The firm has a 50-day moving average of $14.00 and a 200 day moving average of $12.00.
Armada Hoffler Properties (NYSE:AHH) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.03. The company earned $24.25 million during the quarter, compared to the consensus estimate of $23.83 million. The business’s quarterly revenue was up 22.1% on a year-over-year basis. On average, equities research analysts anticipate that Armada Hoffler Properties Inc. will post $0.96 earnings per share for the current year.
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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