Armada Hoffler Properties (NYSE:AHH) Price Target Lowered to $10.00 at Scotiabank

Armada Hoffler Properties (NYSE:AHH) had its target price dropped by investment analysts at Scotiabank from $11.00 to $10.00 in a report issued on Friday,Benzinga reports. The firm presently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s price target suggests a potential upside of 8.99% from the company’s previous close.

Separately, Stifel Nicolaus lifted their price objective on shares of Armada Hoffler Properties from $12.50 to $12.75 and gave the stock a “buy” rating in a research note on Tuesday, November 5th.

Armada Hoffler Properties Stock Up 0.2 %

Shares of NYSE AHH traded up $0.02 during midday trading on Friday, reaching $9.18. 814,618 shares of the company’s stock traded hands, compared to its average volume of 687,193. The company has a quick ratio of 7.17, a current ratio of 8.81 and a debt-to-equity ratio of 1.56. The stock’s 50 day simple moving average is $9.72 and its 200-day simple moving average is $10.75. Armada Hoffler Properties has a one year low of $8.76 and a one year high of $12.46. The company has a market cap of $929.98 million, a price-to-earnings ratio of 28.67 and a beta of 1.03.

Armada Hoffler Properties (NYSE:AHH) last announced its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.21. The company had revenue of $62.95 million during the quarter, compared to the consensus estimate of $66.67 million. Armada Hoffler Properties had a net margin of 5.99% and a return on equity of 5.96%. On average, analysts predict that Armada Hoffler Properties will post 1.05 EPS for the current fiscal year.

Insider Buying and Selling at Armada Hoffler Properties

In related news, Director Dennis H. Gartman bought 4,500 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were acquired at an average price of $10.85 per share, for a total transaction of $48,825.00. Following the completion of the transaction, the director now directly owns 31,649 shares in the company, valued at $343,391.65. This trade represents a 16.58 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 11.90% of the stock is owned by corporate insiders.

Institutional Trading of Armada Hoffler Properties

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of Armada Hoffler Properties by 9.5% in the fourth quarter. Vanguard Group Inc. now owns 9,516,800 shares of the real estate investment trust’s stock valued at $97,357,000 after purchasing an additional 829,392 shares during the period. FMR LLC grew its position in shares of Armada Hoffler Properties by 6.4% in the third quarter. FMR LLC now owns 2,337,275 shares of the real estate investment trust’s stock valued at $25,313,000 after purchasing an additional 140,964 shares during the period. Franklin Resources Inc. grew its position in shares of Armada Hoffler Properties by 9.0% in the fourth quarter. Franklin Resources Inc. now owns 2,105,812 shares of the real estate investment trust’s stock valued at $21,542,000 after purchasing an additional 173,149 shares during the period. Geode Capital Management LLC grew its position in shares of Armada Hoffler Properties by 15.3% in the fourth quarter. Geode Capital Management LLC now owns 2,035,178 shares of the real estate investment trust’s stock valued at $20,824,000 after purchasing an additional 269,367 shares during the period. Finally, Nuveen Asset Management LLC grew its position in shares of Armada Hoffler Properties by 118.4% in the fourth quarter. Nuveen Asset Management LLC now owns 1,315,020 shares of the real estate investment trust’s stock valued at $13,453,000 after purchasing an additional 713,010 shares during the period. Institutional investors and hedge funds own 66.35% of the company’s stock.

Armada Hoffler Properties Company Profile

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.