The DA Davidson Initiates Coverage on Armada Hoffler Properties Inc. (AHH)

The DA Davidson Initiates Coverage on Armada Hoffler Properties Inc. (AHH)

Stock analysts at DA Davidson assumed coverage on shares of Armada Hoffler Properties Inc. (NYSE:AHH) in a report released on Friday. The firm set a “buy” rating and a $15.00 price target on the stock. DA Davidson’s price objective indicates a potential upside of 10.29% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. Wunderlich lifted their price objective on shares of Armada Hoffler Properties from $13.00 to $15.50 and gave the company a “buy” rating in a report on Wednesday, August 3rd. Stifel Nicolaus raised their price target on shares of Armada Hoffler Properties from $13.00 to $15.50 and gave the company a “buy” rating in a research report on Wednesday, August 3rd. TheStreet raised shares of Armada Hoffler Properties from a “hold” rating to a “buy” rating in a research report on Tuesday, August 2nd. Finally, Zacks Investment Research lowered shares of Armada Hoffler Properties from a “buy” rating to a “hold” rating in a research report on Wednesday, August 10th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $14.50.

Armada Hoffler Properties (NYSE:AHH) opened at 13.60 on Friday. The firm’s 50 day moving average is $13.41 and its 200-day moving average is $13.06. The firm has a market cap of $668.40 million, a price-to-earnings ratio of 14.45 and a beta of 0.55. Armada Hoffler Properties has a 12 month low of $9.76 and a 12 month high of $15.50.

Armada Hoffler Properties (NYSE:AHH) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.03. The firm earned $24.25 million during the quarter, compared to analysts’ expectations of $23.83 million. Armada Hoffler Properties had a net margin of 16.60% and a return on equity of 17.77%. Armada Hoffler Properties’s quarterly revenue was up 22.1% compared to the same quarter last year. On average, equities analysts forecast that Armada Hoffler Properties will post $0.98 EPS for the current year.

The business 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. This represents a $0.72 annualized dividend and a yield of 5.29%. The ex-dividend date was Monday, September 26th. Armada Hoffler Properties’s dividend payout ratio is 78.26%.

A number of hedge funds have recently made changes to their positions in AHH. Nuveen Asset Management LLC raised its stake in shares of Armada Hoffler Properties by 62.8% in the first quarter. Nuveen Asset Management LLC now owns 1,567,186 shares of the company’s stock valued at $17,631,000 after buying an additional 604,482 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of Armada Hoffler Properties by 43.9% in the second quarter. Alliancebernstein L.P. now owns 1,284,449 shares of the company’s stock valued at $17,648,000 after buying an additional 391,940 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Armada Hoffler Properties by 36.5% in the second quarter. Vanguard Group Inc. now owns 1,465,114 shares of the company’s stock valued at $20,131,000 after buying an additional 391,489 shares in the last quarter. Silvercrest Asset Management Group LLC raised its stake in shares of Armada Hoffler Properties by 156.2% in the first quarter. Silvercrest Asset Management Group LLC now owns 316,885 shares of the company’s stock valued at $3,565,000 after buying an additional 193,205 shares in the last quarter. Finally, ClariVest Asset Management LLC bought a new stake in shares of Armada Hoffler Properties during the second quarter valued at approximately $2,456,000. 69.93% of the stock is currently owned by institutional investors and hedge funds.

About Armada Hoffler Properties

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