Investment analysts at DA Davidson began coverage on shares of Armada Hoffler Properties Inc. (NYSE:AHH) in a research note issued to investors on Friday. The firm set a “buy” rating on the stock.

Other analysts also recently issued reports about the company. TheStreet upgraded Armada Hoffler Properties from a “hold” rating to a “buy” rating in a research note on Tuesday, August 2nd. Wunderlich boosted their price target on Armada Hoffler Properties from $13.00 to $15.50 and gave the company a “buy” rating in a research note on Wednesday, August 3rd. Stifel Nicolaus boosted their price target on Armada Hoffler Properties from $13.00 to $15.50 and gave the company a “buy” rating in a research note on Wednesday, August 3rd. Finally, Zacks Investment Research raised Armada Hoffler Properties from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a report on Monday, June 27th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $14.38.

Shares of Armada Hoffler Properties (NYSE:AHH) opened at 13.10 on Friday. The stock’s 50 day moving average price is $13.43 and its 200 day moving average price is $13.01. Armada Hoffler Properties has a one year low of $9.76 and a one year high of $15.50. The company has a market cap of $643.83 million, a PE ratio of 13.92 and a beta of 0.55.

Armada Hoffler Properties (NYSE:AHH) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.26 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.03. The business earned $24.25 million during the quarter, compared to the consensus estimate of $23.83 million. Armada Hoffler Properties had a return on equity of 17.77% and a net margin of 16.60%. The firm’s revenue for the quarter was up 22.1% compared to the same quarter last year. Equities analysts predict that Armada Hoffler Properties will post $0.98 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 6th. Shareholders of record on Wednesday, September 28th were issued a $0.18 dividend. The ex-dividend date of this dividend was Monday, September 26th. This represents a $0.72 annualized dividend and a yield of 5.50%. Armada Hoffler Properties’s dividend payout ratio is presently 78.26%.

Several institutional investors have recently bought and sold shares of AHH. HL Financial Services LLC acquired a new position in Armada Hoffler Properties during the second quarter worth approximately $151,000. BlackRock Inc. boosted its position in Armada Hoffler Properties by 306.5% in the second quarter. BlackRock Inc. now owns 12,548 shares of the company’s stock worth $173,000 after buying an additional 9,461 shares during the period. Bank of Montreal Can acquired a new position in Armada Hoffler Properties during the second quarter worth approximately $174,000. State Board of Administration of Florida Retirement System boosted its position in Armada Hoffler Properties by 7.1% in the second quarter. State Board of Administration of Florida Retirement System now owns 14,434 shares of the company’s stock worth $198,000 after buying an additional 955 shares during the period. Finally, Stifel Financial Corp acquired a new position in Armada Hoffler Properties during the second quarter worth approximately $211,000. 69.92% of the stock is owned by institutional investors.

About Armada Hoffler Properties

Armada Hoffler Properties, Inc is a real estate company engaged in developing, building, owning and managing institutional-grade office, retail and multifamily properties in markets across the Mid-Atlantic United States, including Virginia, Maryland, North Carolina and South Carolina. The Company operates through four segments: office real estate, retail real estate, multifamily residential real estate, and general contracting and real estate services.

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