Scotiabank Has Lowered Expectations for Armada Hoffler Properties (NYSE:AHH) Stock Price

Armada Hoffler Properties (NYSE:AHH) had its price target decreased by investment analysts at Scotiabank from $8.00 to $7.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s price objective points to a potential upside of 11.91% from the company’s current price.

Other equities analysts have also issued research reports about the stock. Bank of America cut their target price on shares of Armada Hoffler Properties from $7.50 to $7.00 and set an “underperform” rating for the company in a research report on Monday, August 25th. Weiss Ratings cut shares of Armada Hoffler Properties from a “hold (c-)” rating to a “sell (d)” rating in a research note on Friday, November 7th. Wall Street Zen downgraded shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Finally, Jefferies Financial Group raised shares of Armada Hoffler Properties to a “strong-buy” rating in a report on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Armada Hoffler Properties presently has a consensus rating of “Hold” and an average price target of $8.13.

Armada Hoffler Properties Stock Performance

Shares of AHH opened at $6.26 on Thursday. Armada Hoffler Properties has a 1 year low of $6.10 and a 1 year high of $11.24. The company has a debt-to-equity ratio of 2.35, a current ratio of 7.14 and a quick ratio of 7.14. The stock’s fifty day moving average price is $6.82 and its two-hundred day moving average price is $6.95. The firm has a market cap of $648.52 million, a PE ratio of 32.92 and a beta of 1.12.

Armada Hoffler Properties (NYSE:AHH) last posted its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.03. Armada Hoffler Properties had a return on equity of 4.43% and a net margin of 6.77%.The company had revenue of $72.15 million during the quarter, compared to the consensus estimate of $66.23 million. Armada Hoffler Properties has set its FY 2025 guidance at 1.030-1.070 EPS. On average, equities research analysts forecast that Armada Hoffler Properties will post 1.05 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. DAVENPORT & Co LLC boosted its stake in Armada Hoffler Properties by 1.4% during the third quarter. DAVENPORT & Co LLC now owns 140,500 shares of the real estate investment trust’s stock valued at $985,000 after buying an additional 2,000 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Armada Hoffler Properties by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,791 shares of the real estate investment trust’s stock worth $351,000 after acquiring an additional 2,015 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of Armada Hoffler Properties by 7.9% in the 2nd quarter. Daiwa Securities Group Inc. now owns 28,312 shares of the real estate investment trust’s stock valued at $195,000 after acquiring an additional 2,082 shares in the last quarter. M&G PLC boosted its position in shares of Armada Hoffler Properties by 11.2% during the 2nd quarter. M&G PLC now owns 23,112 shares of the real estate investment trust’s stock valued at $162,000 after acquiring an additional 2,320 shares during the last quarter. Finally, Amundi boosted its position in shares of Armada Hoffler Properties by 5.9% during the 1st quarter. Amundi now owns 44,107 shares of the real estate investment trust’s stock valued at $305,000 after acquiring an additional 2,465 shares during the last quarter. Institutional investors own 66.35% of the company’s stock.

Armada Hoffler Properties Company Profile

Armada Hoffler Properties, Inc (the “Company”) is a vertically integrated, self-managed real estate investment trust (“REIT”) with over four decades of experience developing, building, acquiring, and managing high-quality retail, office, and multifamily properties located primarily in the Mid-Atlantic and Southeastern United States.