Armada Hoffler Properties, Inc. (NYSE:AHH)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $15.51 and last traded at $15.38, with a volume of 264400 shares traded. The stock had previously closed at $15.23.

A number of equities analysts recently issued reports on AHH shares. TheStreet upgraded Armada Hoffler Properties from a “c+” rating to a “b” rating in a research note on Tuesday, October 31st. Zacks Investment Research lowered Armada Hoffler Properties from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. Bank of America started coverage on Armada Hoffler Properties in a research note on Wednesday, September 6th. They set a “buy” rating and a $15.00 price objective for the company. Stifel Nicolaus reiterated a “hold” rating and set a $14.00 price objective on shares of Armada Hoffler Properties in a research note on Thursday, September 21st. Finally, B. Riley reiterated a “buy” rating on shares of Armada Hoffler Properties in a research note on Thursday, November 2nd. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $15.08.

The firm has a market capitalization of $688.43, a P/E ratio of 15.17, a price-to-earnings-growth ratio of 4.52 and a beta of 0.55. The company has a current ratio of 10.44, a quick ratio of 10.44 and a debt-to-equity ratio of 1.13.

Armada Hoffler Properties (NYSE:AHH) last released its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.01. The business had revenue of $27.10 million during the quarter, compared to analyst estimates of $27.06 million. Armada Hoffler Properties had a return on equity of 6.36% and a net margin of 7.78%. The company’s revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the business posted $0.26 EPS. equities analysts predict that Armada Hoffler Properties, Inc. will post 0.99 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Wednesday, December 27th will be paid a dividend of $0.19 per share. The ex-dividend date is Tuesday, December 26th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.94%. Armada Hoffler Properties’s payout ratio is currently 152.00%.

In related news, CEO Louis S. Haddad acquired 15,000 shares of Armada Hoffler Properties stock in a transaction on Wednesday, November 8th. The stock was acquired at an average price of $14.92 per share, for a total transaction of $223,800.00. Following the purchase, the chief executive officer now owns 267,221 shares of the company’s stock, valued at approximately $3,986,937.32. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 16.59% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AHH. Thrivent Financial For Lutherans purchased a new position in shares of Armada Hoffler Properties in the 2nd quarter valued at about $12,753,000. Vanguard Group Inc. increased its stake in shares of Armada Hoffler Properties by 18.9% in the 2nd quarter. Vanguard Group Inc. now owns 5,283,105 shares of the real estate investment trust’s stock valued at $68,416,000 after purchasing an additional 839,457 shares in the last quarter. Kennedy Capital Management Inc. purchased a new position in shares of Armada Hoffler Properties in the 2nd quarter valued at about $9,746,000. State Street Corp increased its stake in shares of Armada Hoffler Properties by 50.9% in the 2nd quarter. State Street Corp now owns 1,072,561 shares of the real estate investment trust’s stock valued at $13,888,000 after purchasing an additional 361,582 shares in the last quarter. Finally, Alliancebernstein L.P. increased its stake in shares of Armada Hoffler Properties by 12.7% in the 2nd quarter. Alliancebernstein L.P. now owns 2,757,981 shares of the real estate investment trust’s stock valued at $35,716,000 after purchasing an additional 311,360 shares in the last quarter. Institutional investors and hedge funds own 82.13% of the company’s stock.

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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.

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