Armada Hoffler Properties, Inc. (AHH) Upgraded by BidaskClub to Buy
Armada Hoffler Properties, Inc. (NYSE:AHH) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday.
A number of other analysts also recently weighed in on the stock. Stifel Nicolaus reduced their target price on shares of Armada Hoffler Properties from $15.00 to $14.50 and set a “buy” rating on the stock in a research report on Friday, May 12th. Zacks Investment Research raised shares of Armada Hoffler Properties from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research report on Wednesday, April 12th. Robert W. Baird reaffirmed an “outperform” rating and issued a $15.00 target price on shares of Armada Hoffler Properties in a research report on Friday, July 14th. FBR & Co reaffirmed an “outperform” rating and issued a $15.00 target price on shares of Armada Hoffler Properties in a research report on Tuesday, July 11th. Finally, ValuEngine downgraded shares of Armada Hoffler Properties from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. Armada Hoffler Properties currently has a consensus rating of “Hold” and a consensus price target of $14.92.
Shares of Armada Hoffler Properties (NYSE AHH) traded down 0.52% on Tuesday, reaching $13.35. 103,138 shares of the company traded hands. The stock has a market capitalization of $838.07 million, a P/E ratio of 27.58 and a beta of 0.54. Armada Hoffler Properties has a one year low of $12.52 and a one year high of $14.98. The stock’s 50 day moving average price is $13.33 and its 200-day moving average price is $13.66.
Armada Hoffler Properties (NYSE:AHH) last released its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.25 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.25. The firm had revenue of $26.76 million for the quarter, compared to the consensus estimate of $27.18 million. Armada Hoffler Properties had a net margin of 8.04% and a return on equity of 7.02%. The company’s revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.26 EPS. Equities analysts forecast that Armada Hoffler Properties will post $0.41 earnings per share for the current fiscal year.
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In other news, CEO Louis S. Haddad purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, June 23rd. The shares were bought at an average price of $13.39 per share, for a total transaction of $133,900.00. Following the purchase, the chief executive officer now directly owns 252,221 shares in the company, valued at approximately $3,377,239.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 20.87% of the company’s stock.
A number of institutional investors have recently made changes to their positions in AHH. Alliancebernstein L.P. boosted its position in shares of Armada Hoffler Properties by 108.2% in the first quarter. Alliancebernstein L.P. now owns 2,446,621 shares of the real estate investment trust’s stock worth $33,984,000 after buying an additional 1,271,592 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Armada Hoffler Properties by 7.8% in the first quarter. Vanguard Group Inc. now owns 4,443,648 shares of the real estate investment trust’s stock worth $61,722,000 after buying an additional 322,486 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Armada Hoffler Properties by 85.9% in the second quarter. Bank of New York Mellon Corp now owns 631,569 shares of the real estate investment trust’s stock worth $8,179,000 after buying an additional 291,859 shares during the last quarter. Prudential Financial Inc. purchased a new position in shares of Armada Hoffler Properties during the second quarter worth about $3,306,000. Finally, Royce & Associates LP purchased a new position in shares of Armada Hoffler Properties during the first quarter worth about $3,473,000. Institutional investors own 62.36% of the company’s stock.
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.
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