Citigroup cut shares of Armada Hoffler Properties (NYSE:AHH) to a market perform rating in a report published on Monday morning, The Fly reports. The analysts noted that the move was a valuation call.

Several other equities analysts have also commented on AHH. ValuEngine upgraded shares of Armada Hoffler Properties from a hold rating to a buy rating in a research report on Monday, October 2nd. FBR & Co restated a buy rating on shares of Armada Hoffler Properties in a research report on Tuesday, October 3rd. Stifel Nicolaus restated a hold rating and set a $14.00 price target on shares of Armada Hoffler Properties in a research report on Thursday, September 21st. TheStreet upgraded shares of Armada Hoffler Properties from a c+ rating to a b rating in a research report on Tuesday, October 31st. Finally, Zacks Investment Research lowered shares of Armada Hoffler Properties from a buy rating to a hold rating in a research report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $15.20.

Armada Hoffler Properties (NYSE AHH) opened at $14.53 on Monday. The company has a market cap of $901.98, a PE ratio of 30.91, a PEG ratio of 4.38 and a beta of 0.58. The company has a current ratio of 10.44, a quick ratio of 10.44 and a debt-to-equity ratio of 1.13. Armada Hoffler Properties has a 12-month low of $12.65 and a 12-month high of $16.00.

Armada Hoffler Properties (NYSE:AHH) last released its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. The business had revenue of $27.10 million during the quarter, compared to analyst estimates of $27.06 million. Armada Hoffler Properties had a net margin of 15.32% and a return on equity of 12.92%. The company’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.26 earnings per share. research analysts expect that Armada Hoffler Properties will post 0.99 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 4th. Investors of record on Wednesday, December 27th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 5.23%. The ex-dividend date of this dividend was Tuesday, December 26th. Armada Hoffler Properties’s payout ratio is currently 161.70%.

In related news, CEO Louis S. Haddad acquired 15,000 shares of Armada Hoffler Properties stock in a transaction that occurred on Wednesday, November 8th. The stock was acquired at an average price of $14.92 per share, with a total value of $223,800.00. Following the completion of the acquisition, the chief executive officer now directly owns 267,221 shares of the company’s stock, valued at approximately $3,986,937.32. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 16.59% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Cetera Investment Advisers acquired a new stake in Armada Hoffler Properties in the second quarter worth about $272,000. Vanguard Group Inc. lifted its holdings in Armada Hoffler Properties by 18.9% in the second quarter. Vanguard Group Inc. now owns 5,283,105 shares of the real estate investment trust’s stock worth $68,416,000 after purchasing an additional 839,457 shares during the period. Northern Trust Corp lifted its holdings in Armada Hoffler Properties by 35.8% in the second quarter. Northern Trust Corp now owns 558,872 shares of the real estate investment trust’s stock worth $7,237,000 after purchasing an additional 147,192 shares during the period. Swiss National Bank lifted its holdings in Armada Hoffler Properties by 20.8% in the second quarter. Swiss National Bank now owns 72,500 shares of the real estate investment trust’s stock worth $939,000 after purchasing an additional 12,500 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its holdings in Armada Hoffler Properties by 34.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 171,447 shares of the real estate investment trust’s stock worth $2,221,000 after purchasing an additional 44,155 shares during the period. 81.98% of the stock is owned by institutional investors and hedge funds.

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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.

The Fly

Analyst Recommendations for Armada Hoffler Properties (NYSE:AHH)

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