Armada Hoffler Properties, Inc. (NYSE:AHH) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Armada Hoffler Properties, Inc. (NYSE:AHH) have been assigned an average rating of “Hold” from the five brokerages that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, one has given a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $8.10.

A number of research analysts recently commented on the company. Wall Street Zen lowered Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Jefferies Financial Group raised shares of Armada Hoffler Properties to a “strong-buy” rating in a report on Tuesday, October 28th. UBS Group set a $7.50 target price on shares of Armada Hoffler Properties in a research note on Wednesday, January 14th. Weiss Ratings reiterated a “sell (d)” rating on shares of Armada Hoffler Properties in a research note on Monday, December 29th. Finally, Scotiabank boosted their price target on Armada Hoffler Properties from $7.00 to $7.50 and gave the company a “sector perform” rating in a research note on Wednesday, January 14th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of AHH. Vanguard Group Inc. raised its position in Armada Hoffler Properties by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 9,124,367 shares of the real estate investment trust’s stock valued at $60,403,000 after purchasing an additional 28,813 shares during the last quarter. Invesco Ltd. increased its position in Armada Hoffler Properties by 10.9% in the 3rd quarter. Invesco Ltd. now owns 2,218,775 shares of the real estate investment trust’s stock valued at $15,554,000 after acquiring an additional 218,167 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Armada Hoffler Properties by 2.2% in the second quarter. Geode Capital Management LLC now owns 2,152,724 shares of the real estate investment trust’s stock worth $14,791,000 after acquiring an additional 46,173 shares during the last quarter. Qube Research & Technologies Ltd lifted its position in shares of Armada Hoffler Properties by 46.8% during the second quarter. Qube Research & Technologies Ltd now owns 1,557,017 shares of the real estate investment trust’s stock worth $10,697,000 after purchasing an additional 496,620 shares in the last quarter. Finally, Brown Advisory Inc. grew its stake in shares of Armada Hoffler Properties by 3,588.7% during the second quarter. Brown Advisory Inc. now owns 1,115,054 shares of the real estate investment trust’s stock valued at $7,660,000 after purchasing an additional 1,084,825 shares during the last quarter. 66.35% of the stock is owned by institutional investors and hedge funds.

Armada Hoffler Properties Price Performance

Shares of Armada Hoffler Properties stock opened at $7.04 on Thursday. The firm has a fifty day moving average price of $6.79 and a two-hundred day moving average price of $6.83. Armada Hoffler Properties has a fifty-two week low of $6.01 and a fifty-two week high of $9.77. 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 company has a market cap of $729.70 million, a PE ratio of 36.92 and a beta of 1.04.

Armada Hoffler Properties (NYSE:AHH) last issued its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $72.15 million for the quarter, compared to analyst estimates of $66.23 million. Analysts expect that Armada Hoffler Properties will post 1.05 EPS for the current year.

Armada Hoffler Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Wednesday, December 31st were given a $0.14 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $0.56 dividend on an annualized basis and a yield of 8.0%. Armada Hoffler Properties’s payout ratio is 294.74%.

About Armada Hoffler Properties

Armada Hoffler Properties, Inc is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of retail, office and mixed-use properties. The company’s portfolio primarily comprises neighborhood and community shopping centers, urban infill retail sites and select office buildings located in high-growth markets. Armada Hoffler also provides in-house property management and leasing services, leveraging its vertically integrated platform to enhance asset value and tenant satisfaction.

Founded on a legacy of commercial real estate development dating back to the 1970s, Armada Hoffler went public in 2016 through a strategic combination of private real estate entities.