Armada Hoffler Properties (NYSE:AHH) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a report released on Thursday.
Other analysts also recently issued reports about the company. Zacks Investment Research downgraded Armada Hoffler Properties from a “buy” rating to a “hold” rating in a research note on Monday, October 8th. Bank of America raised their target price on Armada Hoffler Properties from $15.50 to $16.75 and gave the company a “buy” rating in a research note on Monday, August 13th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $16.45.
Shares of NYSE AHH opened at $15.19 on Thursday. Armada Hoffler Properties has a 12-month low of $12.73 and a 12-month high of $16.17. The firm has a market capitalization of $757.32 million, a P/E ratio of 15.90, a P/E/G ratio of 3.22 and a beta of 0.48. The company has a debt-to-equity ratio of 1.42, a current ratio of 10.24 and a quick ratio of 10.24.
Armada Hoffler Properties (NYSE:AHH) last announced its earnings results on Tuesday, October 30th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.01). The business had revenue of $28.93 million for the quarter, compared to analyst estimates of $29.38 million. Armada Hoffler Properties had a net margin of 9.20% and a return on equity of 4.41%. On average, analysts forecast that Armada Hoffler Properties will post 1.02 earnings per share for the current year.
In other Armada Hoffler Properties news, CEO Louis S. Haddad bought 15,000 shares of the stock in a transaction dated Wednesday, November 21st. The stock was bought at an average cost of $14.82 per share, for a total transaction of $222,300.00. Following the completion of the purchase, the chief executive officer now directly owns 299,363 shares of the company’s stock, valued at $4,436,559.66. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 14.40% of the stock is owned by company insiders.
Several institutional investors have recently made changes to their positions in AHH. Renaissance Technologies LLC grew its stake in Armada Hoffler Properties by 19.8% in the third quarter. Renaissance Technologies LLC now owns 3,170,761 shares of the real estate investment trust’s stock worth $47,910,000 after purchasing an additional 524,161 shares in the last quarter. BlackRock Inc. grew its stake in Armada Hoffler Properties by 7.3% in the third quarter. BlackRock Inc. now owns 7,177,555 shares of the real estate investment trust’s stock worth $108,453,000 after purchasing an additional 486,397 shares in the last quarter. Citadel Advisors LLC grew its stake in Armada Hoffler Properties by 298.3% in the second quarter. Citadel Advisors LLC now owns 574,822 shares of the real estate investment trust’s stock worth $8,565,000 after purchasing an additional 430,490 shares in the last quarter. Rothschild Asset Management Inc. acquired a new position in Armada Hoffler Properties in the second quarter worth about $5,172,000. Finally, Macquarie Group Ltd. grew its stake in Armada Hoffler Properties by 26.6% in the third quarter. Macquarie Group Ltd. now owns 1,434,909 shares of the real estate investment trust’s stock worth $21,681,000 after purchasing an additional 301,634 shares in the last quarter. Institutional investors own 83.14% of the company’s stock.
Armada Hoffler Properties Company Profile
Armada Hoffler Properties, Inc (NYSE: AHH) is a vertically-integrated, self-managed real estate investment trust ("REIT") with nearly four decades of experience developing, building, acquiring, and managing high-quality, institutional-grade office, retail, and multifamily properties located primarily in the Mid-Atlantic and Southeastern United States.
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