Shares of Armada Hoffler Properties Inc. (NYSE:AHH) have received a consensus recommendation of “Buy” from the six research firms that are presently covering the firm. Six research analysts have rated the stock with a buy recommendation. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $14.30.

Several research analysts have recently weighed in on AHH shares. Zacks Investment Research cut shares of Armada Hoffler Properties from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 1st. DA Davidson began coverage on shares of Armada Hoffler Properties in a research report on Friday, October 14th. They set a “buy” rating and a $15.00 price target on the stock. TheStreet raised shares of Armada Hoffler Properties from a “hold” rating to a “buy” rating in a research report on Tuesday, August 2nd. Wunderlich upped their target price on shares of Armada Hoffler Properties from $13.00 to $15.50 and gave the company a “buy” rating in a research report on Wednesday, August 3rd. Finally, Stifel Nicolaus upped their target price on shares of Armada Hoffler Properties from $13.00 to $15.50 and gave the company a “buy” rating in a research report on Wednesday, August 3rd.

Armada Hoffler Properties (NYSE:AHH) opened at 14.47 on Friday. The firm’s 50-day moving average is $13.35 and its 200 day moving average is $13.32. Armada Hoffler Properties has a 52-week low of $9.76 and a 52-week high of $15.50. The company has a market cap of $753.13 million, a price-to-earnings ratio of 14.93 and a beta of 0.55.

Armada Hoffler Properties (NYSE:AHH) last announced its quarterly earnings results on Tuesday, November 1st. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.02. The firm had revenue of $25.30 million for the quarter, compared to analysts’ expectations of $24.65 million. Armada Hoffler Properties had a net margin of 18.84% and a return on equity of 17.06%. The company’s revenue was up 18.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS. On average, equities research analysts predict that Armada Hoffler Properties will post $1.00 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 5th. Stockholders of record on Wednesday, December 28th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, December 23rd. This represents a $0.72 annualized dividend and a dividend yield of 4.98%. Armada Hoffler Properties’s dividend payout ratio is presently 74.23%.

Several hedge funds have recently modified their holdings of the company. Sanders Morris Harris Inc. boosted its stake in shares of Armada Hoffler Properties by 0.4% in the second quarter. Sanders Morris Harris Inc. now owns 79,380 shares of the company’s stock valued at $1,091,000 after buying an additional 310 shares in the last quarter. Baker Ellis Asset Management LLC boosted its stake in shares of Armada Hoffler Properties by 2.3% in the third quarter. Baker Ellis Asset Management LLC now owns 22,200 shares of the company’s stock valued at $297,000 after buying an additional 500 shares in the last quarter. Teachers Advisors Inc. boosted its stake in shares of Armada Hoffler Properties by 1.1% in the second quarter. Teachers Advisors Inc. now owns 60,911 shares of the company’s stock valued at $837,000 after buying an additional 663 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its stake in shares of 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 valued at $198,000 after buying an additional 955 shares in the last quarter. Finally, IFP Advisors Inc boosted its stake in shares of Armada Hoffler Properties by 6.0% in the second quarter. IFP Advisors Inc now owns 19,341 shares of the company’s stock valued at $266,000 after buying an additional 1,092 shares in the last quarter. 66.73% of the stock is currently owned by institutional investors and hedge funds.

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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