Zacks Investment Research downgraded shares of Armada Hoffler Properties, Inc. (NYSE:AHH) from a hold rating to a sell rating in a research report report 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. “

A number of other equities research analysts have also weighed in on AHH. BidaskClub upgraded Armada Hoffler Properties from a sell rating to a hold rating in a research note on Wednesday, July 19th. ValuEngine lowered Armada Hoffler Properties from a buy rating to a hold rating in a research report on Tuesday, June 27th. FBR & Co reiterated an outperform rating and issued a $15.00 target price on shares of Armada Hoffler Properties in a research report on Tuesday, July 11th. Stifel Nicolaus lowered Armada Hoffler Properties from a buy rating to a hold rating and decreased their target price for the stock from $14.50 to $14.00 in a research report on Thursday, June 22nd. Finally, Robert W. Baird reiterated an outperform rating and issued a $15.00 target price on shares of Armada Hoffler Properties in a research report on Friday, July 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $14.92.

Shares of Armada Hoffler Properties (NYSE AHH) opened at 13.51 on Wednesday. The company’s 50-day moving average price is $13.33 and its 200 day moving average price is $13.66. The stock has a market cap of $848.12 million, a PE ratio of 27.91 and a beta of 0.54. Armada Hoffler Properties has a 1-year low of $12.52 and a 1-year high of $14.98.

Armada Hoffler Properties (NYSE:AHH) last issued its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.25 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.25. Armada Hoffler Properties had a return on equity of 7.02% and a net margin of 8.04%. The firm had revenue of $26.76 million during the quarter, compared to analyst estimates of $27.18 million. During the same quarter last year, the firm earned $0.26 EPS. Armada Hoffler Properties’s quarterly revenue was up 10.4% on a year-over-year basis. Equities analysts forecast that Armada Hoffler Properties will post $0.41 EPS for the current fiscal year.

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The company also recently announced a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Wednesday, September 27th will be given a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, September 26th. This represents a $0.76 annualized dividend and a dividend yield of 5.63%. Armada Hoffler Properties’s payout ratio is 158.34%.

In other news, CEO Louis S. Haddad bought 10,000 shares of the firm’s stock in a transaction dated Friday, June 23rd. The stock was bought at an average price of $13.39 per share, for a total transaction of $133,900.00. Following the transaction, the chief executive officer now owns 252,221 shares in the company, valued at $3,377,239.19. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 20.87% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of AHH. State of Alaska Department of Revenue purchased a new position in shares of Armada Hoffler Properties during the second quarter valued at approximately $113,000. Legal & General Group Plc raised its position in shares of Armada Hoffler Properties by 12.1% in the first quarter. Legal & General Group Plc now owns 8,958 shares of the real estate investment trust’s stock valued at $123,000 after buying an additional 967 shares during the last quarter. Loeb Partners Corp purchased a new position in shares of Armada Hoffler Properties during the second quarter valued at approximately $129,000. US Bancorp DE raised its position in shares of Armada Hoffler Properties by 15,303.0% in the second quarter. US Bancorp DE now owns 10,166 shares of the real estate investment trust’s stock valued at $132,000 after buying an additional 10,100 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan purchased a new position in shares of Armada Hoffler Properties during the second quarter valued at approximately $137,000. Institutional investors own 62.05% of the company’s stock.

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.

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Analyst Recommendations for Armada Hoffler Properties (NYSE:AHH)

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