Armada Hoffler Properties, Inc. (NYSE:AHH) Receives Consensus Rating of “Hold” from Brokerages

Shares of Armada Hoffler Properties, Inc. (NYSE:AHH) have received an average rating of “Hold” from the five brokerages that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $7.80.

A number of research analysts have issued reports on AHH shares. Scotiabank upped their price target on shares of Armada Hoffler Properties from $7.00 to $7.50 and gave the company a “sector perform” rating in a research note on Wednesday, January 14th. UBS Group set a $7.50 price objective on shares of Armada Hoffler Properties in a report on Wednesday, January 14th. Weiss Ratings reissued a “sell (d)” rating on shares of Armada Hoffler Properties in a research report on Monday, December 29th. Wall Street Zen lowered Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Finally, Stifel Nicolaus cut their price objective on Armada Hoffler Properties from $10.50 to $9.00 and set a “buy” rating on the stock in a report on Tuesday, February 17th.

Institutional Investors Weigh In On Armada Hoffler Properties

Hedge funds and other institutional investors have recently made changes to their positions in the company. Invesco Ltd. increased its holdings in Armada Hoffler Properties by 3.5% in the 4th quarter. Invesco Ltd. now owns 2,296,307 shares of the real estate investment trust’s stock worth $15,202,000 after acquiring an additional 77,532 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its position in shares of Armada Hoffler Properties by 36.9% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 18,087 shares of the real estate investment trust’s stock valued at $120,000 after purchasing an additional 4,879 shares during the period. XTX Topco Ltd purchased a new stake in shares of Armada Hoffler Properties during the fourth quarter worth about $89,000. Millennium Management LLC raised its position in shares of Armada Hoffler Properties by 34.7% during the 4th quarter. Millennium Management LLC now owns 67,311 shares of the real estate investment trust’s stock worth $446,000 after purchasing an additional 17,336 shares during the last quarter. Finally, Inspire Investing LLC lifted its stake in Armada Hoffler Properties by 8.2% in the 4th quarter. Inspire Investing LLC now owns 70,230 shares of the real estate investment trust’s stock valued at $465,000 after buying an additional 5,351 shares in the last quarter. Institutional investors and hedge funds own 66.35% of the company’s stock.

Armada Hoffler Properties Price Performance

AHH stock opened at $6.25 on Monday. The stock has a market cap of $647.48 million, a PE ratio of -78.06 and a beta of 1.03. Armada Hoffler Properties has a 12 month low of $5.84 and a 12 month high of $9.28. The company has a 50-day moving average price of $6.73 and a 200 day moving average price of $6.78. The company has a current ratio of 6.15, a quick ratio of 6.15 and a debt-to-equity ratio of 2.46.

Armada Hoffler Properties Company Profile

Armada Hoffler Properties, Inc is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of retail, office and mixed-use properties. The company’s portfolio primarily comprises neighborhood and community shopping centers, urban infill retail sites and select office buildings located in high-growth markets. Armada Hoffler also provides in-house property management and leasing services, leveraging its vertically integrated platform to enhance asset value and tenant satisfaction.

Founded on a legacy of commercial real estate development dating back to the 1970s, Armada Hoffler went public in 2016 through a strategic combination of private real estate entities.