Armada Hoffler Properties Inc. (AHH) Sees Unusually-High Trading Volume
Shares of Armada Hoffler Properties Inc. (NYSE:AHH) saw unusually-strong trading volume on Tuesday . Approximately 598,518 shares traded hands during mid-day trading, an increase of 25% from the previous session’s volume of 477,706 shares.The stock last traded at $13.79 and had previously closed at $14.02.
A number of equities research analysts have recently weighed in on AHH shares. Stifel Nicolaus raised their price target on shares of 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 upgraded shares of Armada Hoffler Properties from a “sell” rating to a “buy” rating in a research note on Monday, May 9th. Zacks Investment Research upgraded shares of Armada Hoffler Properties from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research note on Wednesday, May 18th. Finally, Wunderlich raised their price target on shares of Armada Hoffler Properties from $13.00 to $15.50 and gave the company a “buy” rating in a research note on Wednesday, August 3rd. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Armada Hoffler Properties has a consensus rating of “Buy” and an average price target of $13.70.
The company has a 50 day moving average of $14.24 and a 200-day moving average of $12.21. The firm has a market cap of $685.11 million and a price-to-earnings ratio of 14.81.
Armada Hoffler Properties (NYSE:AHH) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.03. The business had revenue of $24.25 million for the quarter, compared to analysts’ expectations of $23.83 million. The firm’s revenue was up 22.1% compared to the same quarter last year. Analysts predict that Armada Hoffler Properties Inc. will post $0.98 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 6th. Shareholders of record on Wednesday, September 28th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 5.16%. The ex-dividend date of this dividend is Monday, September 26th.
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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