Armada Hoffler Properties Inc. (AHH) Trading Up 1.6%
Armada Hoffler Properties Inc. (NYSE:AHH) was up 1.6% during mid-day trading on Tuesday . The company traded as high as $14.68 and last traded at $14.68, with a volume of 555,573 shares traded. The stock had previously closed at $14.45.
A number of equities research analysts have recently issued reports on AHH shares. Zacks Investment Research raised Armada Hoffler Properties from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Monday, June 27th. TheStreet raised Armada Hoffler Properties from a “sell” rating to a “buy” rating in a research report on Monday, May 9th. Finally, Stifel Nicolaus boosted their target price on Armada Hoffler Properties from $11.50 to $13.00 and gave the stock a “buy” rating in a research report on Thursday, May 5th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $12.63.
The firm has a market cap of $673.02 million and a PE ratio of 12.72. The firm’s 50-day moving average is $13.32 and its 200-day moving average is $11.66.
Armada Hoffler Properties (NYSE:AHH) last released its quarterly earnings results on Tuesday, May 3rd. The company reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.03. The business had revenue of $23.28 million for the quarter, compared to analyst estimates of $22.16 million. On average, equities research analysts predict that Armada Hoffler Properties Inc. will post $0.97 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 7th. Shareholders of record on Wednesday, June 29th were given a $0.18 dividend. The ex-dividend date of this dividend was Monday, June 27th. This represents a $0.72 dividend on an annualized basis and a yield of 4.90%.
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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