Shares of Armada Hoffler Properties Inc. (NYSE:AHH) have been assigned a consensus recommendation of “Buy” from the six analysts that are currently covering the company. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $14.38.

A number of analysts recently issued reports on the company. Zacks Investment Research cut Armada Hoffler Properties from a “buy” rating to a “hold” rating in a research note on Wednesday, August 10th. TheStreet cut Armada Hoffler Properties from a “buy” rating to a “hold” rating in a research note on Monday, June 20th. Stifel Nicolaus increased their target price on Armada Hoffler Properties from $13.00 to $15.50 and gave the stock a “buy” rating in a research note on Wednesday, August 3rd. DA Davidson assumed coverage on Armada Hoffler Properties in a research note on Friday. They set a “buy” rating and a $15.00 target price for the company. Finally, Wunderlich increased their target price on Armada Hoffler Properties from $13.00 to $15.50 and gave the stock a “buy” rating in a research note on Wednesday, August 3rd.

Armada Hoffler Properties (NYSE:AHH) opened at 13.54 on Friday. The company has a market cap of $665.45 million, a price-to-earnings ratio of 14.39 and a beta of 0.55. The stock has a 50 day moving average of $13.42 and a 200-day moving average of $13.02. Armada Hoffler Properties has a 52-week low of $9.76 and a 52-week high of $15.50.

Armada Hoffler Properties (NYSE:AHH) last posted its earnings results on Tuesday, August 2nd. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.03. Armada Hoffler Properties had a return on equity of 17.77% and a net margin of 16.60%. The business earned $24.25 million during the quarter, compared to analysts’ expectations of $23.83 million. Armada Hoffler Properties’s revenue was up 22.1% on a year-over-year basis. On average, analysts forecast that Armada Hoffler Properties will post $0.98 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, October 6th. Shareholders of record on Wednesday, September 28th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 5.32%. The ex-dividend date was Monday, September 26th. Armada Hoffler Properties’s dividend payout ratio (DPR) is currently 78.26%.

A number of institutional investors have recently added to or reduced their stakes in AHH. Nuveen Asset Management LLC increased its stake in Armada Hoffler Properties by 62.8% in the first quarter. Nuveen Asset Management LLC now owns 1,567,186 shares of the company’s stock valued at $17,631,000 after buying an additional 604,482 shares during the last quarter. Alliancebernstein L.P. increased its stake in Armada Hoffler Properties by 43.9% in the second quarter. Alliancebernstein L.P. now owns 1,284,449 shares of the company’s stock valued at $17,648,000 after buying an additional 391,940 shares during the last quarter. Vanguard Group Inc. increased its stake in Armada Hoffler Properties by 36.5% in the second quarter. Vanguard Group Inc. now owns 1,465,114 shares of the company’s stock valued at $20,131,000 after buying an additional 391,489 shares during the last quarter. Silvercrest Asset Management Group LLC increased its stake in Armada Hoffler Properties by 156.2% in the first quarter. Silvercrest Asset Management Group LLC now owns 316,885 shares of the company’s stock valued at $3,565,000 after buying an additional 193,205 shares during the last quarter. Finally, ClariVest Asset Management LLC bought a new stake in Armada Hoffler Properties during the second quarter valued at approximately $2,456,000. 69.93% of the stock is owned by hedge funds and other institutional investors.

Armada Hoffler Properties Company Profile

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.

5 Day Chart for NYSE:AHH

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