Armada Hoffler Properties’ (NYSE:AHH) Outperform Rating Reiterated at FBR & Co

Armada Hoffler Properties, Inc. (NYSE:AHH)‘s stock had its “outperform” rating reissued by analysts at FBR & Co in a research note issued on Tuesday, July 11th, MarketBeat reports. They presently have a $15.00 price objective on the real estate investment trust’s stock. FBR & Co’s price target suggests a potential upside of 12.44% from the company’s previous close. FBR & Co also issued estimates for Armada Hoffler Properties’ Q2 2017 earnings at $0.24 EPS, Q3 2017 earnings at $0.24 EPS, Q4 2017 earnings at $0.26 EPS, FY2017 earnings at $1.00 EPS, Q1 2018 earnings at $0.27 EPS, Q2 2018 earnings at $0.26 EPS, Q3 2018 earnings at $0.26 EPS, Q4 2018 earnings at $0.27 EPS and FY2018 earnings at $1.06 EPS.

AHH has been the topic of several other research reports. Zacks Investment Research raised Armada Hoffler Properties from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 14th. Stifel Nicolaus cut their target price on 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. BidaskClub lowered Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. Finally, ValuEngine lowered 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 given a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $14.92.

Armada Hoffler Properties (NYSE:AHH) traded down 0.60% during mid-day trading on Tuesday, hitting $13.34. The company had a trading volume of 195,573 shares. Armada Hoffler Properties has a 52-week low of $12.52 and a 52-week high of $14.98. The company has a 50-day moving average price of $13.33 and a 200 day moving average price of $13.66. The company has a market capitalization of $837.45 million, a P/E ratio of 27.56 and a beta of 0.54.

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

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In related news, CEO Louis S. Haddad bought 10,000 shares of the stock in a transaction on Friday, June 23rd. The shares were bought at an average cost of $13.39 per share, for a total transaction of $133,900.00. Following the purchase, the chief executive officer now owns 252,221 shares of the company’s stock, valued at approximately $3,377,239.19. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 20.87% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. increased its position in shares of 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 valued at $167,000 after buying an additional 87 shares during the period. Metropolitan Life Insurance Co. NY increased its position in shares of 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 valued at $416,000 after buying an additional 223 shares during the period. Envestnet Asset Management Inc. increased 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 increased 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 increased 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. 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.

Analyst Recommendations for Armada Hoffler Properties (NYSE:AHH)

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