Armada Hoffler Properties (NYSE:AHH - Free Report) had its target price reduced by Scotiabank from $11.00 to $10.00 in a research note issued to investors on Friday morning,Benzinga reports. Scotiabank currently has a sector perform rating on the real estate investment trust's stock.
Separately, Stifel Nicolaus lifted their price target on Armada Hoffler Properties from $12.50 to $12.75 and gave the stock a "buy" rating in a research note on Tuesday, November 5th.
View Our Latest Stock Report on Armada Hoffler Properties
Armada Hoffler Properties Price Performance
AHH stock traded down $0.13 during mid-day trading on Friday, reaching $8.98. 183,455 shares of the company traded hands, compared to its average volume of 672,693. The company has a fifty day moving average price of $9.68 and a 200-day moving average price of $10.71. The company has a market capitalization of $910.01 million, a P/E ratio of 28.08 and a beta of 1.03. Armada Hoffler Properties has a 52-week low of $8.76 and a 52-week high of $12.46. The company has a debt-to-equity ratio of 1.56, a current ratio of 8.81 and a quick ratio of 7.17.
Armada Hoffler Properties (NYSE:AHH - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.27 EPS for the quarter, beating analysts' consensus estimates of $0.06 by $0.21. Armada Hoffler Properties had a net margin of 5.99% and a return on equity of 5.96%. The firm had revenue of $62.95 million during the quarter, compared to analyst estimates of $66.67 million. As a group, analysts anticipate that Armada Hoffler Properties will post 1.05 earnings per share for the current year.
Armada Hoffler Properties Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Thursday, December 26th were issued a dividend of $0.205 per share. The ex-dividend date was Thursday, December 26th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 9.13%. Armada Hoffler Properties's dividend payout ratio is currently 256.25%.
Insiders Place Their Bets
In other Armada Hoffler Properties news, Director Dennis H. Gartman bought 4,500 shares of the firm's stock in a transaction that occurred on Wednesday, December 11th. The stock was bought at an average price of $10.85 per share, for a total transaction of $48,825.00. Following the completion of the acquisition, the director now directly owns 31,649 shares in the company, valued at $343,391.65. The trade was a 16.58 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 11.90% of the company's stock.
Institutional Investors Weigh In On Armada Hoffler Properties
A number of large investors have recently modified their holdings of AHH. abrdn plc raised its stake in Armada Hoffler Properties by 10.5% in the third quarter. abrdn plc now owns 13,856 shares of the real estate investment trust's stock worth $150,000 after buying an additional 1,322 shares in the last quarter. New York State Teachers Retirement System grew its stake in shares of Armada Hoffler Properties by 6.0% in the 3rd quarter. New York State Teachers Retirement System now owns 94,895 shares of the real estate investment trust's stock worth $1,028,000 after buying an additional 5,408 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of Armada Hoffler Properties by 12.3% during the third quarter. Van ECK Associates Corp now owns 11,403 shares of the real estate investment trust's stock valued at $126,000 after acquiring an additional 1,251 shares in the last quarter. Asset Management One Co. Ltd. increased its stake in Armada Hoffler Properties by 1.7% during the 3rd quarter. Asset Management One Co. Ltd. now owns 97,243 shares of the real estate investment trust's stock valued at $1,053,000 after purchasing an additional 1,642 shares in the last quarter. Finally, M&G PLC purchased a new position in Armada Hoffler Properties in the 3rd quarter worth approximately $188,000. Institutional investors own 66.35% of the company's stock.
About Armada Hoffler Properties
(
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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.
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