Robert W. Baird restated their outperform rating on shares of Armada Hoffler Properties, Inc. (NYSE:AHH) in a report released on Friday. They currently have a $15.00 price objective on the real estate investment trust’s stock.

AHH has been the topic of several other reports. Stifel Nicolaus reduced their price target on Armada Hoffler Properties from $15.00 to $14.50 and set a buy rating on the stock in a report on Friday, May 12th. Zacks Investment Research upgraded Armada Hoffler Properties from a hold rating to a buy rating and set a $16.00 price target on the stock in a report on Wednesday, April 12th. BidaskClub cut Armada Hoffler Properties from a hold rating to a sell rating in a report on Saturday, July 8th. ValuEngine cut Armada Hoffler Properties from a buy rating to a hold rating in a report on Tuesday, June 27th. Finally, FBR & Co restated an outperform rating and set a $15.00 price target on shares of Armada Hoffler Properties in a report on Tuesday, July 11th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. Armada Hoffler Properties has an average rating of Hold and an average target price of $14.92.

Shares of Armada Hoffler Properties (NYSE AHH) traded up 0.61% during mid-day trading on Friday, hitting $13.17. 288,032 shares of the stock were exchanged. Armada Hoffler Properties has a 12-month low of $12.52 and a 12-month high of $15.50. The firm has a 50-day moving average price of $13.38 and a 200 day moving average price of $13.87. The company has a market capitalization of $498.00 million, a PE ratio of 27.61 and a beta of 0.53.

Armada Hoffler Properties (NYSE:AHH) last released its quarterly earnings results on Tuesday, May 2nd. The real estate investment trust reported $0.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.01. The company had revenue of $27.20 million for the quarter, compared to analysts’ expectations of $26.87 million. Armada Hoffler Properties had a return on equity of 7.69% and a net margin of 8.64%. Armada Hoffler Properties’s revenue for the quarter was up 16.7% on a year-over-year basis. On average, equities research analysts expect that Armada Hoffler Properties will post $0.41 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: “Armada Hoffler Properties, Inc. (NYSE:AHH) Given “Outperform” Rating at Robert W. Baird” was originally posted by Daily Political and is the sole property of of Daily Political. If you are accessing this piece of content on another site, it was copied illegally and reposted in violation of U.S. and international copyright and trademark laws. The correct version of this piece of content can be viewed at https://www.dailypolitical.com/2017/07/17/armada-hoffler-properties-inc-nyseahh-given-outperform-rating-at-robert-w-baird.html.

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 6th. Shareholders of record on Wednesday, June 28th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 5.77%. The ex-dividend date was Monday, June 26th. Armada Hoffler Properties’s dividend payout ratio (DPR) is presently 165.22%.

In other news, CEO Louis S. Haddad bought 10,000 shares of the stock in a transaction dated Friday, June 23rd. The shares were bought at an average cost of $13.39 per share, with a total value of $133,900.00. Following the completion of the transaction, the chief executive officer now directly owns 252,221 shares of the company’s stock, valued at $3,377,239.19. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 20.87% of the stock is owned by corporate insiders.

Several institutional investors have recently modified their holdings of the company. State of Alaska Department of Revenue purchased a new position in shares of Armada Hoffler Properties during the second quarter worth $113,000. Bank of Montreal Can raised its position in shares of Armada Hoffler Properties by 27.4% in the second quarter. Bank of Montreal Can now owns 63,197 shares of the real estate investment trust’s stock worth $819,000 after buying an additional 13,600 shares during the last quarter. Bank of America Corp DE raised its position in shares of Armada Hoffler Properties by 25.3% in the first quarter. Bank of America Corp DE now owns 230,925 shares of the real estate investment trust’s stock worth $3,208,000 after buying an additional 46,665 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Armada Hoffler Properties by 6.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 127,292 shares of the real estate investment trust’s stock worth $1,769,000 after buying an additional 7,695 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Armada Hoffler Properties by 8.3% in the first quarter. Renaissance Technologies LLC now owns 1,497,300 shares of the real estate investment trust’s stock worth $20,797,000 after buying an additional 115,100 shares during the last quarter. 61.55% of the stock is currently owned by institutional investors.

Armada Hoffler Properties Company Profile

Armada Hoffler Properties, Inc is a real estate company. The Company is engaged in developing, building, owning and managing institutional-grade office, retail and multifamily properties in various markets throughout the Mid-Atlantic and Southeastern United States. In addition to the ownership of its operating property portfolio, the Company develops and builds properties for its own account and through joint ventures between the Company and unaffiliated partners.

Analyst Recommendations for Armada Hoffler Properties (NYSE:AHH)

Receive News & Ratings for Armada Hoffler Properties Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Armada Hoffler Properties Inc. and related companies with MarketBeat.com's FREE daily email newsletter.