Armada Hoffler Properties (NYSE:AHH) Price Target Cut to $7.00 by Analysts at Bank of America

Armada Hoffler Properties (NYSE:AHH) had its price objective lowered by Bank of America from $7.50 to $7.00 in a report published on Monday,Benzinga reports. The brokerage currently has an underperform rating on the real estate investment trust’s stock.

Several other brokerages have also recently weighed in on AHH. Stifel Nicolaus dropped their price objective on Armada Hoffler Properties from $12.25 to $10.50 and set a “buy” rating on the stock in a research note on Thursday, May 8th. Jefferies Financial Group began coverage on shares of Armada Hoffler Properties in a research report on Friday, June 27th. They set a “buy” rating and a $8.00 price target on the stock. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $8.38.

Armada Hoffler Properties Stock Performance

NYSE AHH opened at $7.11 on Monday. The firm’s fifty day moving average price is $7.00 and its two-hundred day moving average price is $7.38. The stock has a market cap of $737.02 million, a PE ratio of 59.25 and a beta of 1.12. Armada Hoffler Properties has a fifty-two week low of $6.10 and a fifty-two week high of $12.46. The company has a debt-to-equity ratio of 2.23, a quick ratio of 8.66 and a current ratio of 8.66.

Armada Hoffler Properties (NYSE:AHH) last posted its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.01). The firm had revenue of $65.15 million for the quarter, compared to analyst estimates of $63.29 million. Armada Hoffler Properties had a return on equity of 3.40% and a net margin of 4.39%. Armada Hoffler Properties has set its FY 2025 guidance at 1.000-1.100 EPS. On average, equities analysts expect that Armada Hoffler Properties will post 1.05 EPS for the current fiscal year.

Armada Hoffler Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 8th. Investors of record on Monday, June 30th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date of this dividend was Monday, June 30th. Armada Hoffler Properties’s payout ratio is 466.67%.

Institutional Trading of Armada Hoffler Properties

A number of large investors have recently bought and sold shares of the company. LPL Financial LLC lifted its position in shares of Armada Hoffler Properties by 29.3% during the 4th quarter. LPL Financial LLC now owns 24,500 shares of the real estate investment trust’s stock valued at $251,000 after buying an additional 5,559 shares during the last quarter. Wells Fargo & Company MN raised its stake in Armada Hoffler Properties by 15.2% in the 4th quarter. Wells Fargo & Company MN now owns 131,516 shares of the real estate investment trust’s stock valued at $1,345,000 after acquiring an additional 17,340 shares during the period. Raymond James Financial Inc. purchased a new stake in Armada Hoffler Properties during the fourth quarter valued at about $2,239,000. Barclays PLC boosted its position in Armada Hoffler Properties by 12.6% during the fourth quarter. Barclays PLC now owns 242,338 shares of the real estate investment trust’s stock worth $2,478,000 after purchasing an additional 27,146 shares during the period. Finally, First Trust Advisors LP boosted its position in Armada Hoffler Properties by 131.6% during the fourth quarter. First Trust Advisors LP now owns 24,484 shares of the real estate investment trust’s stock worth $250,000 after purchasing an additional 13,914 shares during the period. 66.35% of the stock is owned by hedge funds and other institutional investors.

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.