Armada Hoffler Properties Inc (AHH) Receives $16.65 Consensus Price Target from Analysts

Shares of Armada Hoffler Properties Inc (NYSE:AHH) have been assigned a consensus rating of “Buy” from the six research firms that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $16.65.

Separately, Zacks Investment Research raised Armada Hoffler Properties from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research note on Monday.

In related news, CEO Louis S. Haddad purchased 15,000 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was bought at an average price of $15.31 per share, with a total value of $229,650.00. Following the completion of the purchase, the chief executive officer now owns 320,530 shares in the company, valued at approximately $4,907,314.30. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 14.40% of the company’s stock.

Several hedge funds have recently modified their holdings of AHH. BlackRock Inc. increased its stake in shares of Armada Hoffler Properties by 3.8% in the fourth quarter. BlackRock Inc. now owns 7,448,888 shares of the real estate investment trust’s stock valued at $104,730,000 after buying an additional 271,333 shares during the period. Macquarie Group Ltd. grew its stake in Armada Hoffler Properties by 17.7% during the fourth quarter. Macquarie Group Ltd. now owns 1,689,104 shares of the real estate investment trust’s stock worth $23,749,000 after purchasing an additional 254,195 shares during the period. Vanguard Group Inc grew its stake in Armada Hoffler Properties by 5.2% during the third quarter. Vanguard Group Inc now owns 4,992,269 shares of the real estate investment trust’s stock worth $75,433,000 after purchasing an additional 247,103 shares during the period. Vanguard Group Inc. grew its stake in Armada Hoffler Properties by 5.2% during the third quarter. Vanguard Group Inc. now owns 4,992,269 shares of the real estate investment trust’s stock worth $75,433,000 after purchasing an additional 247,103 shares during the period. Finally, Rothschild & Co. Asset Management US Inc. grew its stake in Armada Hoffler Properties by 31.6% during the fourth quarter. Rothschild & Co. Asset Management US Inc. now owns 448,696 shares of the real estate investment trust’s stock worth $6,309,000 after purchasing an additional 107,685 shares during the period. 80.12% of the stock is owned by institutional investors.

Armada Hoffler Properties stock opened at $16.10 on Monday. The company has a quick ratio of 13.01, a current ratio of 13.03 and a debt-to-equity ratio of 1.63. The stock has a market capitalization of $846.04 million, a price-to-earnings ratio of 15.63, a PEG ratio of 3.16 and a beta of 0.54. Armada Hoffler Properties has a 12 month low of $13.49 and a 12 month high of $16.51.

Armada Hoffler Properties (NYSE:AHH) last issued its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.18). The company had revenue of $30.91 million during the quarter, compared to analyst estimates of $31.00 million. Armada Hoffler Properties had a net margin of 9.66% and a return on equity of 3.96%. On average, research analysts anticipate that Armada Hoffler Properties will post 1.15 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Wednesday, June 26th will be paid a $0.21 dividend. The ex-dividend date is Tuesday, June 25th. This represents a $0.84 annualized dividend and a dividend yield of 5.22%. Armada Hoffler Properties’s payout ratio is 81.55%.

Armada Hoffler Properties Company Profile

Armada Hoffler Properties, Inc (NYSE: AHH) is a vertically-integrated, self-managed real estate investment trust ("REIT") with 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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