Zacks Investment Research Downgrades Armada Hoffler Properties, Inc. (AHH) to Hold

Armada Hoffler Properties, Inc. (NYSE:AHH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Friday.

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 analysts have also recently issued reports on the stock. Bank of America Corporation started coverage on shares of Armada Hoffler Properties in a report on Wednesday, September 6th. They issued a “buy” rating and a $15.00 target price on the stock. Robert W. Baird reissued an “outperform” rating and issued a $15.00 target price on shares of Armada Hoffler Properties in a report on Friday, July 14th. BidaskClub raised shares of Armada Hoffler Properties from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Stifel Nicolaus reissued a “hold” rating and issued a $14.00 target price on shares of Armada Hoffler Properties in a report on Thursday, September 21st. Finally, FBR & Co reissued a “buy” rating on shares of Armada Hoffler Properties in a report on Tuesday, October 3rd. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Armada Hoffler Properties has a consensus rating of “Buy” and an average price target of $15.08.

Armada Hoffler Properties (NYSE AHH) opened at $14.97 on Friday. The company has a quick ratio of 10.44, a current ratio of 10.44 and a debt-to-equity ratio of 1.13. Armada Hoffler Properties has a twelve month low of $12.65 and a twelve month high of $15.16. The stock has a market cap of $672.71, a PE ratio of 14.82, a price-to-earnings-growth ratio of 4.42 and a beta of 0.55.

Armada Hoffler Properties (NYSE:AHH) last issued its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.01. Armada Hoffler Properties had a net margin of 7.78% and a return on equity of 6.36%. The firm had revenue of $27.10 million for the quarter, compared to analysts’ expectations of $27.06 million. During the same quarter last year, the company posted $0.26 earnings per share. Armada Hoffler Properties’s revenue was up 7.1% on a year-over-year basis. equities analysts expect that Armada Hoffler Properties will post 0.99 EPS for the current fiscal year.

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In other Armada Hoffler Properties news, CEO Louis S. Haddad purchased 15,000 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were bought 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 owns 267,221 shares in the company, valued at approximately $3,986,937.32. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 16.59% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Armada Hoffler Properties by 18.9% during the second quarter. Vanguard Group Inc. now owns 5,283,105 shares of the real estate investment trust’s stock valued at $68,416,000 after buying an additional 839,457 shares during the last quarter. Alliancebernstein L.P. raised its holdings in shares of Armada Hoffler Properties by 12.7% during the second quarter. Alliancebernstein L.P. now owns 2,757,981 shares of the real estate investment trust’s stock valued at $35,716,000 after buying an additional 311,360 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Armada Hoffler Properties by 7.0% during the second quarter. Renaissance Technologies LLC now owns 1,602,000 shares of the real estate investment trust’s stock valued at $20,746,000 after buying an additional 104,700 shares during the last quarter. State Street Corp raised its holdings in shares of Armada Hoffler Properties by 50.9% during the second quarter. State Street Corp now owns 1,072,561 shares of the real estate investment trust’s stock valued at $13,888,000 after buying an additional 361,582 shares during the last quarter. Finally, Thrivent Financial For Lutherans bought a new stake in shares of Armada Hoffler Properties during the second quarter valued at approximately $12,753,000. 81.36% of the stock is currently owned by institutional investors.

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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