Armada Hoffler Properties, Inc. (NYSE:AHH) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Monday.

Several other analysts have also recently commented on AHH. Zacks Investment Research cut Armada Hoffler Properties from a “hold” rating to a “strong sell” rating in a report on Friday, June 16th. Robert W. Baird reiterated an “outperform” rating and set a $15.00 price objective on shares of Armada Hoffler Properties in a report on Friday, July 14th. Bank of America Corporation began coverage on shares of Armada Hoffler Properties in a research report on Wednesday, September 6th. They issued a “buy” rating and a $15.00 target price on the stock. BidaskClub cut shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. Finally, FBR & Co restated an “outperform” rating and issued a $15.00 target price on shares of Armada Hoffler Properties in a report on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. Armada Hoffler Properties presently has a consensus rating of “Hold” and an average price target of $14.93.

Armada Hoffler Properties (AHH) opened at 13.95 on Monday. Armada Hoffler Properties has a 12-month low of $12.52 and a 12-month high of $14.98. The stock has a market cap of $875.74 million, a price-to-earnings ratio of 28.53 and a beta of 0.54. The stock’s 50 day moving average price is $13.51 and its 200 day moving average price is $13.53.

Armada Hoffler Properties (NYSE:AHH) last released its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.25 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.25. Armada Hoffler Properties had a return on equity of 7.02% and a net margin of 8.04%. The firm had revenue of $26.76 million during the quarter, compared to analyst estimates of $27.18 million. During the same period in the prior year, the firm posted $0.26 earnings per share. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. Analysts forecast that Armada Hoffler Properties will post $0.41 EPS for the current fiscal year.

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Institutional investors have recently added to or reduced their stakes in the company. Virginia Retirement Systems ET AL acquired a new position in shares of Armada Hoffler Properties in the 1st quarter valued at about $525,000. Great West Life Assurance Co. Can grew its holdings in shares of Armada Hoffler Properties by 128.4% during the 2nd quarter. Great West Life Assurance Co. Can now owns 92,686 shares of the real estate investment trust’s stock worth $1,197,000 after purchasing an additional 52,099 shares during the period. US Bancorp DE grew its holdings in shares of Armada Hoffler Properties by 15,303.0% during the 2nd quarter. US Bancorp DE now owns 10,166 shares of the real estate investment trust’s stock worth $132,000 after purchasing an additional 10,100 shares during the period. BB&T Securities LLC grew its holdings in shares of Armada Hoffler Properties by 87.6% during the 2nd quarter. BB&T Securities LLC now owns 54,759 shares of the real estate investment trust’s stock worth $709,000 after purchasing an additional 25,570 shares during the period. Finally, Swiss National Bank increased its position in Armada Hoffler Properties by 9.1% during the 1st quarter. Swiss National Bank now owns 60,000 shares of the real estate investment trust’s stock worth $833,000 after purchasing an additional 5,000 shares in the last quarter. Institutional investors own 81.41% of the company’s stock.

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.

Analyst Recommendations for Armada Hoffler Properties (NYSE:AHH)

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