Stifel Nicolaus Boosts Armada Hoffler Properties (NYSE:AHH) Price Target to $12.75

Armada Hoffler Properties (NYSE:AHH) had its price objective lifted by equities researchers at Stifel Nicolaus from $12.50 to $12.75 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the real estate investment trust’s stock. Stifel Nicolaus’ target price would indicate a potential upside of 13.43% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. Jefferies Financial Group downgraded Armada Hoffler Properties from a “buy” rating to a “hold” rating and lowered their price target for the company from $13.00 to $11.00 in a research report on Monday, July 15th. StockNews.com cut Armada Hoffler Properties from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd.

Armada Hoffler Properties Price Performance

AHH opened at $11.24 on Tuesday. Armada Hoffler Properties has a 1 year low of $10.02 and a 1 year high of $13.11. The company’s 50 day simple moving average is $11.40 and its 200 day simple moving average is $11.34. The stock has a market capitalization of $1.01 billion, a PE ratio of -276.68 and a beta of 1.03. The company has a debt-to-equity ratio of 2.44, a quick ratio of 7.49 and a current ratio of 7.49.

Armada Hoffler Properties (NYSE:AHH) last posted its quarterly 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). Armada Hoffler Properties had a return on equity of 1.26% and a net margin of 1.10%. The company had revenue of $68.60 million for the quarter, compared to analysts’ expectations of $65.01 million. During the same period in the prior year, the business earned $0.31 EPS. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. As a group, sell-side analysts expect that Armada Hoffler Properties will post 1.25 EPS for the current year.

Insider Buying and Selling at Armada Hoffler Properties

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

Institutional Trading of Armada Hoffler Properties

Several large investors have recently modified their holdings of AHH. State Board of Administration of Florida Retirement System boosted its holdings in Armada Hoffler Properties by 70.6% in the first quarter. State Board of Administration of Florida Retirement System now owns 114,524 shares of the real estate investment trust’s stock valued at $1,191,000 after purchasing an additional 47,377 shares during the last quarter. First Eagle Investment Management LLC boosted its stake in shares of Armada Hoffler Properties by 9.4% during the 1st quarter. First Eagle Investment Management LLC now owns 970,931 shares of the real estate investment trust’s stock valued at $10,098,000 after buying an additional 83,500 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Armada Hoffler Properties by 0.8% during the first quarter. Vanguard Group Inc. now owns 7,757,553 shares of the real estate investment trust’s stock worth $80,679,000 after buying an additional 65,300 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Armada Hoffler Properties in the second quarter worth $619,000. Finally, Sei Investments Co. raised its holdings in Armada Hoffler Properties by 2.7% in the first quarter. Sei Investments Co. now owns 234,366 shares of the real estate investment trust’s stock valued at $2,437,000 after acquiring an additional 6,236 shares in the last quarter. 66.35% of the stock is currently owned by institutional investors and hedge funds.

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.