Todays Report: Today, Armada Hoffler Properties Inc. (AHH) Receives $14.17 Average PT from Brokerages

Today, Armada Hoffler Properties Inc. (AHH) Receives $14.17 Average PT from Brokerages

Shares of Armada Hoffler Properties Inc. (NYSE:AHH) have earned an average rating of “Buy” from the six research firms that are covering the company. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $14.38.

Several research firms have recently commented on AHH. DA Davidson began coverage on Armada Hoffler Properties in a report on Friday. They set a “buy” rating and a $15.00 price objective for the company. Zacks Investment Research downgraded Armada Hoffler Properties from a “buy” rating to a “hold” rating in a report on Wednesday, August 10th. TheStreet upgraded Armada Hoffler Properties from a “hold” rating to a “buy” rating in a report on Tuesday, August 2nd. Wunderlich upped their price target on Armada Hoffler Properties from $13.00 to $15.50 and gave the stock a “buy” rating in a report on Wednesday, August 3rd. Finally, Stifel Nicolaus upped their price target on Armada Hoffler Properties from $13.00 to $15.50 and gave the stock a “buy” rating in a report on Wednesday, August 3rd.

A number of hedge funds and other institutional investors have recently bought and sold shares of AHH. KAMES CAPITAL plc acquired a new position in Armada Hoffler Properties during the second quarter valued at $1,529,000. Royal Bank of Canada boosted its position in Armada Hoffler Properties by 192.5% in the second quarter. Royal Bank of Canada now owns 15,652 shares of the company’s stock valued at $215,000 after buying an additional 10,300 shares in the last quarter. IFP Advisors Inc boosted its position in Armada Hoffler Properties by 6.0% in the second quarter. IFP Advisors Inc now owns 19,341 shares of the company’s stock valued at $266,000 after buying an additional 1,092 shares in the last quarter. Hillsdale Investment Management Inc. boosted its position in Armada Hoffler Properties by 65.1% in the second quarter. Hillsdale Investment Management Inc. now owns 64,900 shares of the company’s stock valued at $891,000 after buying an additional 25,600 shares in the last quarter. Finally, Stifel Financial Corp acquired a new position in Armada Hoffler Properties during the second quarter valued at $211,000. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Shares of Armada Hoffler Properties (NYSE:AHH) opened at 13.54 on Friday. Armada Hoffler Properties has a one year low of $9.76 and a one year high of $15.50. The firm has a market cap of $665.45 million, a P/E ratio of 14.39 and a beta of 0.55. The firm’s 50-day moving average price is $13.42 and its 200 day moving average price is $13.02.

Armada Hoffler Properties (NYSE:AHH) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.03. The firm earned $24.25 million during the quarter, compared to the consensus estimate of $23.83 million. Armada Hoffler Properties had a return on equity of 17.77% and a net margin of 16.60%. The company’s quarterly revenue was up 22.1% on a year-over-year basis. Analysts predict that Armada Hoffler Properties will post $0.98 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 6th. Shareholders of record on Wednesday, September 28th were given a $0.18 dividend. The ex-dividend date of this dividend was Monday, September 26th. This represents a $0.72 annualized dividend and a yield of 5.32%. Armada Hoffler Properties’s dividend payout ratio is currently 78.26%.

Related posts

Leave a Comment