Scotiabank Begins Coverage on Armada Hoffler Properties (NYSE:AHH)

Investment analysts at Scotiabank started coverage on shares of Armada Hoffler Properties (NYSE:AHH - Get Free Report) in a research note issued on Tuesday, Marketbeat.com reports. The brokerage set a "sector perform" rating and a $11.00 price target on the real estate investment trust's stock. Scotiabank's target price suggests a potential upside of 12.65% from the stock's previous close.

Other research analysts have also recently issued research reports about the company. Stifel Nicolaus lifted their target price on Armada Hoffler Properties from $12.50 to $12.75 and gave the company a "buy" rating in a research report on Tuesday, November 5th. StockNews.com lowered Armada Hoffler Properties from a "hold" rating to a "sell" rating in a report on Tuesday, October 22nd.

Armada Hoffler Properties Trading Up 0.8 %

AHH traded up $0.08 during trading on Tuesday, reaching $9.77. 327,387 shares of the company's stock were exchanged, compared to its average volume of 631,779. The firm has a fifty day moving average price of $10.32 and a two-hundred day moving average price of $11.07. The stock has a market capitalization of $989.78 million, a PE ratio of -46.45 and a beta of 1.03. Armada Hoffler Properties has a one year low of $9.26 and a one year high of $12.46. The company has a current ratio of 7.17, a quick ratio of 7.17 and a debt-to-equity ratio of 2.00.

Armada Hoffler Properties (NYSE:AHH - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The real estate investment trust reported ($0.11) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.31 by ($0.42). Armada Hoffler Properties had a negative return on equity of 1.18% and a negative net margin of 1.01%. The company had revenue of $68.60 million for the quarter, compared to the consensus estimate of $65.01 million. During the same quarter last year, the business earned $0.31 earnings per share. Armada Hoffler Properties's revenue was up 9.1% compared to the same quarter last year. As a group, equities research analysts forecast that Armada Hoffler Properties will post 1.27 earnings per share for the current fiscal year.

Insider Buying and Selling at Armada Hoffler Properties

In related news, Director Dennis H. Gartman purchased 4,500 shares of the firm's stock in a transaction dated Wednesday, December 11th. The shares were purchased at an average cost 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 approximately $343,391.65. This represents a 16.58 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 11.90% of the company's stock.

Institutional Trading of Armada Hoffler Properties

A number of hedge funds and other institutional investors have recently bought and sold shares of AHH. Principal Financial Group Inc. raised its position in shares of Armada Hoffler Properties by 20.0% in the fourth quarter. Principal Financial Group Inc. now owns 424,956 shares of the real estate investment trust's stock worth $4,347,000 after buying an additional 70,930 shares in the last quarter. State of New Jersey Common Pension Fund D grew its stake in shares of Armada Hoffler Properties by 74.7% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 282,631 shares of the real estate investment trust's stock valued at $2,891,000 after buying an additional 120,838 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Armada Hoffler Properties by 11.7% in the fourth quarter. Rhumbline Advisers now owns 238,712 shares of the real estate investment trust's stock worth $2,442,000 after purchasing an additional 24,956 shares during the last quarter. Asset Management One Co. Ltd. raised its stake in shares of Armada Hoffler Properties by 11.0% during the fourth quarter. Asset Management One Co. Ltd. now owns 107,969 shares of the real estate investment trust's stock valued at $1,086,000 after acquiring an additional 10,726 shares during the last quarter. Finally, Van ECK Associates Corp lifted its holdings in Armada Hoffler Properties by 31.0% in the 4th quarter. Van ECK Associates Corp now owns 14,933 shares of the real estate investment trust's stock worth $153,000 after buying an additional 3,530 shares during the period. Institutional investors 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.