Armada Hoffler Properties (NYSE:AHH) Upgraded at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Armada Hoffler Properties (NYSE:AHH) to a strong-buy rating in a research note issued to investors on Tuesday morning,Zacks.com reports.

A number of other brokerages have also recently weighed in on AHH. Weiss Ratings reissued a “hold (c-)” rating on shares of Armada Hoffler Properties in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Armada Hoffler Properties from a “sell” rating to a “hold” rating in a research note on Saturday, October 25th. Finally, Bank of America dropped their price objective on shares of Armada Hoffler Properties from $7.50 to $7.00 and set an “underperform” rating on the stock in a research note on Monday, August 25th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $8.38.

Armada Hoffler Properties Trading Up 0.2%

Shares of NYSE AHH opened at $6.46 on Tuesday. The stock’s 50 day moving average price is $7.00 and its two-hundred day moving average price is $6.99. Armada Hoffler Properties has a 52-week low of $6.10 and a 52-week high of $11.32. The stock has a market capitalization of $669.64 million, a P/E ratio of 5.76 and a beta of 1.12. The company has a quick ratio of 8.66, a current ratio of 8.66 and a debt-to-equity ratio of 2.23.

Armada Hoffler Properties (NYSE:AHH) last announced its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.25 earnings per share (EPS) 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 net margin of 4.39% and a return on equity of 3.40%. Armada Hoffler Properties has set its FY 2025 guidance at 1.000-1.100 EPS. On average, analysts anticipate that Armada Hoffler Properties will post 1.05 earnings per share for the current fiscal year.

Armada Hoffler Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Wednesday, September 24th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, September 24th. This represents a $0.56 annualized dividend and a yield of 8.7%. Armada Hoffler Properties’s payout ratio is presently 466.67%.

Institutional Trading of Armada Hoffler Properties

Hedge funds have recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. increased its stake in Armada Hoffler Properties by 61.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 21,036 shares of the real estate investment trust’s stock valued at $158,000 after buying an additional 7,985 shares during the period. Cerity Partners LLC raised its position in shares of Armada Hoffler Properties by 180.2% during the 1st quarter. Cerity Partners LLC now owns 165,747 shares of the real estate investment trust’s stock worth $1,245,000 after buying an additional 106,588 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Armada Hoffler Properties by 40.9% during the second quarter. Janney Montgomery Scott LLC now owns 196,199 shares of the real estate investment trust’s stock valued at $1,348,000 after acquiring an additional 56,964 shares during the period. Jennison Associates LLC acquired a new position in shares of Armada Hoffler Properties during the first quarter valued at approximately $647,000. Finally, Invesco Ltd. increased its stake in shares of Armada Hoffler Properties by 40.2% during the first quarter. Invesco Ltd. now owns 1,769,541 shares of the real estate investment trust’s stock valued at $13,289,000 after acquiring an additional 507,502 shares during the period. Institutional investors 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.