Armada Hoffler Properties, Inc. (AHH) Sets New 1-Year High at $15.28

Armada Hoffler Properties, Inc. (NYSE:AHH) shares hit a new 52-week high on Tuesday . The company traded as high as $15.28 and last traded at $15.06, with a volume of 238900 shares trading hands. The stock had previously closed at $15.05.

A number of research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. BidaskClub upgraded shares of Armada Hoffler Properties from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. ValuEngine upgraded shares of Armada Hoffler Properties from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. FBR & Co restated a “buy” rating on shares of Armada Hoffler Properties in a report on Tuesday, October 3rd. Finally, B. Riley restated a “buy” rating on shares of Armada Hoffler Properties in a report on Thursday, November 2nd. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $15.08.

The company has a debt-to-equity ratio of 1.13, a current ratio of 10.44 and a quick ratio of 10.44. The stock has a market cap of $941.98, a price-to-earnings ratio of 14.90, a P/E/G ratio of 4.44 and a beta of 0.55.

Armada Hoffler Properties (NYSE:AHH) last posted 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. Armada Hoffler Properties had a net margin of 7.78% and a return on equity of 6.36%. The company had revenue of $27.10 million during the quarter, compared to analysts’ expectations of $27.06 million. During the same quarter in the previous year, the business posted $0.26 EPS. The firm’s revenue was up 7.1% on a year-over-year basis. equities research analysts predict that Armada Hoffler Properties, Inc. will post 0.99 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Wednesday, December 27th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 5.05%. The ex-dividend date of this dividend is Tuesday, December 26th. Armada Hoffler Properties’s dividend payout ratio (DPR) is presently 161.70%.

In other news, CEO Louis S. Haddad purchased 15,000 shares of the stock in a transaction on Wednesday, November 8th. The stock was bought at an average price of $14.92 per share, for a total transaction of $223,800.00. Following 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 16.59% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. grew its holdings in Armada Hoffler Properties by 2.5% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 12,341 shares of the real estate investment trust’s stock worth $160,000 after acquiring an additional 306 shares in the last quarter. California Public Employees Retirement System grew its holdings in Armada Hoffler Properties by 0.3% during the 1st quarter. California Public Employees Retirement System now owns 117,800 shares of the real estate investment trust’s stock worth $1,636,000 after acquiring an additional 400 shares in the last quarter. Navellier & Associates Inc grew its holdings in Armada Hoffler Properties by 0.7% during the 2nd quarter. Navellier & Associates Inc now owns 59,964 shares of the real estate investment trust’s stock worth $777,000 after acquiring an additional 407 shares in the last quarter. Legal & General Group Plc grew its holdings in Armada Hoffler Properties by 12.1% during the 1st quarter. Legal & General Group Plc now owns 8,958 shares of the real estate investment trust’s stock worth $123,000 after acquiring an additional 967 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in Armada Hoffler Properties by 1.2% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 81,975 shares of the real estate investment trust’s stock worth $1,062,000 after acquiring an additional 980 shares in the last quarter. Institutional investors own 81.50% of the company’s stock.

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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.

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