Armada Hoffler Properties Inc. (AHH) Sees Unusually-High Trading Volume
Shares of Armada Hoffler Properties Inc. (NYSE:AHH) saw strong trading volume on Tuesday . 598,518 shares changed 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 research analysts have recently weighed in on the company. Zacks Investment Research lowered Armada Hoffler Properties from a “buy” rating to a “hold” rating in a report on Wednesday, August 10th. TheStreet upgraded Armada Hoffler Properties from a “hold” rating to a “buy” rating in a report on Tuesday, August 2nd. Wunderlich raised their target price on Armada Hoffler Properties from $13.00 to $15.50 and gave the company a “buy” rating in a report on Wednesday, August 3rd. Finally, Stifel Nicolaus raised their target price on Armada Hoffler Properties from $13.00 to $15.50 and gave the company a “buy” rating in a report on Wednesday, August 3rd. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $13.70.
The company has a 50 day moving average price of $14.27 and a 200 day moving average price of $12.25. The firm has a market cap of $679.70 million and a price-to-earnings ratio of 14.70.
Armada Hoffler Properties (NYSE:AHH) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business’s revenue was up 22.1% on a year-over-year basis. Equities research analysts anticipate that Armada Hoffler Properties Inc. will post $0.98 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 6th. Investors of record on Wednesday, September 28th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, September 26th. This represents a $0.72 dividend on an annualized basis and a yield of 5.18%.
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, including Virginia, Maryland, North Carolina and South Carolina. 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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