Armada Hoffler Properties (NYSE:AHH) Price Target Raised to $12.75

Armada Hoffler Properties (NYSE:AHH) had its target price raised by Stifel Nicolaus from $12.50 to $12.75 in a research note released on Tuesday,Benzinga reports. Stifel Nicolaus currently has a buy rating on the real estate investment trust’s stock.

A number of other equities research analysts also recently weighed in on the stock. Jefferies Financial Group downgraded shares of Armada Hoffler Properties from a “buy” rating to a “hold” rating and dropped their price target for the stock from $13.00 to $11.00 in a research note on Monday, July 15th. StockNews.com downgraded Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, October 22nd.

Armada Hoffler Properties Stock Down 1.1 %

Shares of NYSE AHH opened at $11.13 on Tuesday. The company has a quick ratio of 7.49, a current ratio of 7.49 and a debt-to-equity ratio of 2.44. The firm’s 50-day simple moving average is $11.36 and its 200 day simple moving average is $11.34. Armada Hoffler Properties has a 12-month low of $10.02 and a 12-month high of $13.11. The company has a market cap of $996.58 million, a price-to-earnings ratio of -53.00 and a beta of 1.03.

Armada Hoffler Properties (NYSE:AHH) last released its earnings results on Monday, November 4th. The real estate investment trust reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.42). The firm had revenue of $68.60 million for the quarter, compared to the consensus estimate of $65.01 million. Armada Hoffler Properties had a negative return on equity of 1.22% and a negative net margin of 1.01%. The company’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.31 EPS. On average, research analysts expect that Armada Hoffler Properties will post 1.25 earnings per share for the current fiscal year.

Armada Hoffler Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 25th were paid a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 7.37%. The ex-dividend date was Wednesday, September 25th. Armada Hoffler Properties’s payout ratio is presently -390.46%.

Insider Buying and Selling

In other news, Director Dennis H. Gartman acquired 4,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was acquired at an average cost of $10.85 per share, for a total transaction of $48,825.00. Following the completion of the acquisition, the director now owns 27,149 shares in the company, valued at $294,566.65. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Armada Hoffler Properties news, Director Dennis H. Gartman purchased 4,500 shares of the business’s stock in a transaction on Wednesday, October 2nd. The shares were purchased at an average cost of $10.85 per share, with a total value of $48,825.00. Following the transaction, the director now directly owns 27,149 shares of the company’s stock, valued at $294,566.65. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Daniel A. Hoffler bought 95,238 shares of the stock in a transaction that occurred on Thursday, September 26th. The stock was bought at an average cost of $10.50 per share, for a total transaction of $999,999.00. Following the transaction, the director now owns 266,647 shares of the company’s stock, valued at $2,799,793.50. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. 11.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Armada Hoffler Properties

Hedge funds have recently added to or reduced their stakes in the business. Point72 DIFC Ltd bought a new position in Armada Hoffler Properties in the 2nd quarter valued at about $46,000. KBC Group NV boosted its stake in Armada Hoffler Properties by 66.0% in the 3rd quarter. KBC Group NV now owns 4,934 shares of the real estate investment trust’s stock valued at $53,000 after purchasing an additional 1,962 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in Armada Hoffler Properties during the 2nd quarter worth $55,000. Quarry LP lifted its holdings in shares of Armada Hoffler Properties by 446.4% during the second quarter. Quarry LP now owns 5,863 shares of the real estate investment trust’s stock worth $65,000 after buying an additional 4,790 shares in the last quarter. Finally, Versor Investments LP acquired a new position in shares of Armada Hoffler Properties in the third quarter valued at about $108,000. Institutional investors and hedge funds own 66.35% of the company’s stock.

About Armada Hoffler Properties

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.