Armada Hoffler Properties, Inc. (NYSE:AHH)‘s stock had its “outperform” rating reissued by equities research analysts at FBR & Co in a research note issued to investors on Tuesday, July 11th, MarketBeat reports. They currently have a $15.00 target price on the real estate investment trust’s stock. FBR & Co’s price objective would indicate a potential upside of 11.03% from the company’s current price. FBR & Co also issued estimates for Armada Hoffler Properties’ Q2 2017 earnings at $0.24 EPS, Q3 2017 earnings at $0.24 EPS, Q4 2017 earnings at $0.26 EPS, FY2017 earnings at $1.00 EPS, Q1 2018 earnings at $0.27 EPS, Q2 2018 earnings at $0.26 EPS, Q3 2018 earnings at $0.26 EPS, Q4 2018 earnings at $0.27 EPS and FY2018 earnings at $1.06 EPS.

Several other equities research analysts also recently weighed in on the stock. Stifel Nicolaus lowered their target price on shares of Armada Hoffler Properties from $15.00 to $14.50 and set a “buy” rating for the company in a research note on Friday, May 12th. Zacks Investment Research raised shares of Armada Hoffler Properties from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a report on Wednesday, April 12th. BidaskClub cut shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. Finally, ValuEngine cut shares of Armada Hoffler Properties from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $14.92.

Shares of Armada Hoffler Properties (NYSE:AHH) traded up 0.37% during midday trading on Tuesday, reaching $13.51. The company had a trading volume of 284,534 shares. Armada Hoffler Properties has a one year low of $12.52 and a one year high of $14.98. The company has a market capitalization of $848.12 million, a PE ratio of 27.91 and a beta of 0.54. The company has a 50 day moving average of $13.33 and a 200 day moving average of $13.66.

Armada Hoffler Properties (NYSE:AHH) last released its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.25. Armada Hoffler Properties had a net margin of 8.04% and a return on equity of 7.02%. The firm had revenue of $26.76 million for the quarter, compared to the consensus estimate of $27.18 million. During the same period last year, the firm earned $0.26 earnings per share. The company’s quarterly revenue was up 10.4% on a year-over-year basis. Analysts predict that Armada Hoffler Properties will post $0.41 EPS for the current fiscal year.

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In other Armada Hoffler Properties news, CEO Louis S. Haddad purchased 10,000 shares of the stock in a transaction that occurred on Friday, June 23rd. The shares were purchased at an average cost of $13.39 per share, for a total transaction of $133,900.00. Following the completion of the transaction, the chief executive officer now owns 252,221 shares of the company’s stock, valued at approximately $3,377,239.19. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 20.87% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the company. Alliancebernstein L.P. increased its position in shares of Armada Hoffler Properties by 108.2% in the first quarter. Alliancebernstein L.P. now owns 2,446,621 shares of the real estate investment trust’s stock worth $33,984,000 after buying an additional 1,271,592 shares during the period. Vanguard Group Inc. increased its position in shares of Armada Hoffler Properties by 7.8% in the first quarter. Vanguard Group Inc. now owns 4,443,648 shares of the real estate investment trust’s stock worth $61,722,000 after buying an additional 322,486 shares during the period. Bank of New York Mellon Corp increased its position in shares of Armada Hoffler Properties by 85.9% in the second quarter. Bank of New York Mellon Corp now owns 631,569 shares of the real estate investment trust’s stock worth $8,179,000 after buying an additional 291,859 shares during the period. Royce & Associates LP purchased a new position in shares of Armada Hoffler Properties during the first quarter worth approximately $3,473,000. Finally, Deprince Race & Zollo Inc. increased its position in shares of Armada Hoffler Properties by 83.9% in the second quarter. Deprince Race & Zollo Inc. now owns 531,112 shares of the real estate investment trust’s stock worth $6,878,000 after buying an additional 242,284 shares during the period. Hedge funds and other institutional investors own 62.05% of the company’s stock.

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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