Armada Hoffler Properties (NYSE:AHH) Price Target Raised to $12.75

Armada Hoffler Properties (NYSE:AHH - Get Free Report) had its price objective upped by equities researchers at Stifel Nicolaus from $12.50 to $12.75 in a research note issued on Tuesday, Benzinga reports. The firm currently has a "buy" rating on the real estate investment trust's stock. Stifel Nicolaus' price target would indicate a potential upside of 15.18% from the stock's current price.

A number of other equities analysts have also recently weighed in on AHH. Jefferies Financial Group cut Armada Hoffler Properties from a "buy" rating to a "hold" rating and lowered their price target for the stock from $13.00 to $11.00 in a report on Monday, July 15th. StockNews.com lowered shares of Armada Hoffler Properties from a "hold" rating to a "sell" rating in a research note on Tuesday, October 22nd.

Armada Hoffler Properties Trading Up 1.5 %

Shares of AHH stock traded up $0.16 on Tuesday, hitting $11.07. 595,874 shares of the stock traded hands, compared to its average volume of 474,901. Armada Hoffler Properties has a twelve month low of $10.02 and a twelve month high of $13.11. The stock has a market capitalization of $991.21 million, a PE ratio of -276.68 and a beta of 1.03. The firm's 50-day moving average price is $11.43 and its two-hundred day moving average price is $11.34. 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 - Get Free Report) last announced its quarterly earnings results 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 return on equity of 1.26% and a net margin of 1.10%. The firm had revenue of $68.60 million for the quarter, compared to analyst estimates of $65.01 million. During the same quarter in the prior year, the business earned $0.31 EPS. The firm's quarterly revenue was up 9.1% on a year-over-year basis. As a group, analysts anticipate that Armada Hoffler Properties will post 1.25 EPS for the current year.

Insider Activity at Armada Hoffler Properties

In related news, Director Dennis H. Gartman acquired 4,500 shares of the business's stock in a transaction dated Wednesday, October 2nd. The shares were acquired 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 owns 27,149 shares of the company's stock, valued at $294,566.65. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Dennis H. Gartman acquired 4,500 shares of the firm's stock in a transaction dated Wednesday, October 2nd. The stock was acquired at an average cost of $10.85 per share, with a total value of $48,825.00. Following the transaction, the director now owns 27,149 shares in the company, valued at approximately $294,566.65. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Daniel A. Hoffler acquired 95,238 shares of the business's stock in a transaction on Thursday, September 26th. The shares were bought at an average cost of $10.50 per share, for a total transaction of $999,999.00. Following the acquisition, the director now owns 266,647 shares of the company's stock, valued at $2,799,793.50. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 11.90% of the company's stock.

Institutional Investors Weigh In On Armada Hoffler Properties

A number of institutional investors and hedge funds have recently modified their holdings of AHH. State Board of Administration of Florida Retirement System increased its holdings in Armada Hoffler Properties by 70.6% during the 1st 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 acquiring an additional 47,377 shares in the last quarter. First Eagle Investment Management LLC increased its position in Armada Hoffler Properties by 9.4% during the first quarter. First Eagle Investment Management LLC now owns 970,931 shares of the real estate investment trust's stock worth $10,098,000 after buying an additional 83,500 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Armada Hoffler Properties by 0.8% in 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 acquiring an additional 65,300 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Armada Hoffler Properties during the second quarter valued at $619,000. Finally, Sei Investments Co. increased its position in Armada Hoffler Properties by 2.7% during the 1st quarter. Sei Investments Co. now owns 234,366 shares of the real estate investment trust's stock worth $2,437,000 after purchasing an additional 6,236 shares in the last quarter. Institutional investors and hedge funds own 66.35% of the company's stock.

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.