Armada Hoffler Properties Inc. (AHH) Sets New 1-Year High at $14.50
Armada Hoffler Properties Inc. (NYSE:AHH) hit a new 52-week high on Monday . The company traded as high as $14.50 and last traded at $14.45, with a volume of 144,460 shares. The stock had previously closed at $14.36.
AHH has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Armada Hoffler Properties from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a report on Wednesday, May 18th. TheStreet upgraded shares of Armada Hoffler Properties from a “sell” rating to a “buy” rating in a report on Monday, May 9th. Finally, Stifel Nicolaus boosted their price objective on shares of Armada Hoffler Properties from $11.50 to $13.00 and gave the stock a “buy” rating in a report on Thursday, May 5th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $12.63.
The stock has a market capitalization of $673.02 million and a P/E ratio of 12.72. The company’s 50 day moving average price is $13.32 and its 200-day moving average price is $11.66.
Armada Hoffler Properties (NYSE:AHH) last released 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 the consensus estimate of $22.16 million. Equities research analysts anticipate that Armada Hoffler Properties Inc. will post $0.97 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, July 7th. Shareholders of record on Wednesday, June 29th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 4.90%. The ex-dividend date was Monday, June 27th.
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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