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

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

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

Armada Hoffler Properties Stock Up 0.2 %

Shares of AHH traded up $0.02 during midday trading on Friday, reaching $9.18. The stock had a trading volume of 814,618 shares, compared to its average volume of 687,193. Armada Hoffler Properties has a 1-year low of $8.76 and a 1-year high of $12.46. The company’s fifty day simple moving average is $9.72 and its two-hundred day simple moving average is $10.75. The company has a market cap of $929.98 million, a price-to-earnings ratio of 28.67 and a beta of 1.03. 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) last announced its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.21. The business had revenue of $62.95 million for the quarter, compared to analyst estimates of $66.67 million. Armada Hoffler Properties had a net margin of 5.99% and a return on equity of 5.96%. Equities research analysts expect that Armada Hoffler Properties will post 1.05 earnings per share for the current year.

Insiders Place Their Bets

In other Armada Hoffler Properties news, Director Dennis H. Gartman acquired 4,500 shares of the stock in a transaction on Wednesday, December 11th. The shares were bought at an average cost of $10.85 per share, with a total value of $48,825.00. Following the transaction, the director now owns 31,649 shares of the company’s stock, valued at approximately $343,391.65. This trade represents a 16.58 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 11.90% of the stock is currently owned by insiders.

Institutional Trading of Armada Hoffler Properties

Hedge funds and other institutional investors have recently made changes to their positions in the company. Steward Partners Investment Advisory LLC boosted its holdings in shares of Armada Hoffler Properties by 80.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,500 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 2,000 shares in the last quarter. KBC Group NV lifted its stake in shares of Armada Hoffler Properties by 66.0% in the third quarter. KBC Group NV now owns 4,934 shares of the real estate investment trust’s stock valued at $53,000 after purchasing an additional 1,962 shares during the period. Summit Investment Advisors Inc. lifted its stake in shares of Armada Hoffler Properties by 23.2% in the fourth quarter. Summit Investment Advisors Inc. now owns 8,248 shares of the real estate investment trust’s stock valued at $84,000 after purchasing an additional 1,551 shares during the period. Stoneridge Investment Partners LLC acquired a new stake in shares of Armada Hoffler Properties in the fourth quarter valued at about $107,000. Finally, Versor Investments LP acquired a new stake in shares of Armada Hoffler Properties in the third quarter valued at about $108,000. Hedge funds and other 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.