Zacks Investment Research upgraded shares of Armada Hoffler Properties, Inc. (NYSE:AHH) from a strong sell rating to a hold rating in a research note published on Wednesday.

According to Zacks, “Armada Hoffler Properties, Inc. is a real estate investment trust. It is engaged in developing, building, owning and managing office, retail and multifamily properties primarily in the United States. Its properties are situated in Virginia and North Carolina. Armada Hoffler Properties, Inc. is based in Virginia Beach, United States. “

AHH has been the subject of a number of other reports. Robert W. Baird reissued an outperform rating and set a $15.00 target price on shares of Armada Hoffler Properties in a research note on Friday, July 14th. Stifel Nicolaus reissued a buy rating and set a $15.00 target price (up from $14.50) on shares of Armada Hoffler Properties in a research note on Wednesday, May 3rd. FBR & Co reissued an outperform rating and set a $15.00 target price on shares of Armada Hoffler Properties in a research note on Tuesday, July 11th. ValuEngine lowered shares of Armada Hoffler Properties from a buy rating to a hold rating in a research note on Tuesday, June 27th. Finally, BidaskClub lowered shares of Armada Hoffler Properties from a hold rating to a sell rating in a research note on Saturday, July 8th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Armada Hoffler Properties presently has a consensus rating of Hold and an average target price of $14.92.

Shares of Armada Hoffler Properties (NYSE AHH) opened at 13.17 on Wednesday. The company has a 50-day moving average of $13.37 and a 200-day moving average of $13.74. The firm has a market cap of $498.00 million, a P/E ratio of 27.61 and a beta of 0.53. Armada Hoffler Properties has a 12 month low of $12.52 and a 12 month high of $15.50.

Armada Hoffler Properties (NYSE:AHH) last posted its earnings results on Tuesday, May 2nd. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. The firm had revenue of $27.20 million during the quarter, compared to analyst estimates of $26.87 million. Armada Hoffler Properties had a net margin of 8.64% and a return on equity of 7.69%. The firm’s revenue was up 16.7% compared to the same quarter last year. Equities analysts forecast that Armada Hoffler Properties will post $0.41 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Armada Hoffler Properties, Inc. (NYSE:AHH) Upgraded at Zacks Investment Research” was first posted by Daily Political and is the sole property of of Daily Political. If you are viewing this piece on another website, it was illegally copied and reposted in violation of US and international copyright & trademark legislation. The correct version of this piece can be accessed at https://www.dailypolitical.com/2017/07/22/armada-hoffler-properties-inc-nyseahh-upgraded-at-zacks-investment-research.html.

The business also recently declared a quarterly dividend, which was paid on Thursday, July 6th. Stockholders of record on Wednesday, June 28th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.77%. The ex-dividend date of this dividend was Monday, June 26th. Armada Hoffler Properties’s dividend payout ratio is currently 165.22%.

In related news, CEO Louis S. Haddad purchased 10,000 shares of Armada Hoffler Properties stock in a transaction dated Friday, June 23rd. The stock was bought at an average cost of $13.39 per share, with a total value of $133,900.00. Following the purchase, the chief executive officer now owns 252,221 shares in the company, valued at approximately $3,377,239.19. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 20.87% of the company’s stock.

Several hedge funds have recently modified their holdings of AHH. Cambridge Investment Research Advisors Inc. boosted its stake in Armada Hoffler Properties by 0.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 12,035 shares of the real estate investment trust’s stock worth $167,000 after buying an additional 87 shares during the period. Metropolitan Life Insurance Co. NY boosted its stake in Armada Hoffler Properties by 0.8% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 28,556 shares of the real estate investment trust’s stock worth $416,000 after buying an additional 223 shares during the period. Envestnet Asset Management Inc. boosted its stake in Armada Hoffler Properties by 2.4% in the first quarter. Envestnet Asset Management Inc. now owns 10,738 shares of the real estate investment trust’s stock worth $149,000 after buying an additional 252 shares during the period. California Public Employees Retirement System boosted its stake in Armada Hoffler Properties by 0.3% in the first quarter. California Public Employees Retirement System now owns 117,800 shares of the real estate investment trust’s stock worth $1,636,000 after buying an additional 400 shares during the period. Finally, IFP Advisors Inc boosted its stake in Armada Hoffler Properties by 4.4% in the first quarter. IFP Advisors Inc now owns 17,638 shares of the real estate investment trust’s stock worth $245,000 after buying an additional 741 shares during the period. 61.55% of the stock is owned by institutional investors.

About Armada Hoffler Properties

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.

Get a free copy of the Zacks research report on Armada Hoffler Properties (AHH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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.