Armada Hoffler Properties, Inc. (NYSE:AHH) Receives $8.13 Consensus Target Price from Brokerages

Armada Hoffler Properties, Inc. (NYSE:AHH) has been given an average rating of “Hold” by the five analysts that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $8.1250.

Several research analysts have commented on the stock. Wall Street Zen lowered shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Scotiabank dropped their price objective on Armada Hoffler Properties from $8.00 to $7.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 13th. Jefferies Financial Group raised Armada Hoffler Properties to a “strong-buy” rating in a research report on Tuesday, October 28th. Weiss Ratings restated a “sell (d)” rating on shares of Armada Hoffler Properties in a research note on Wednesday, November 19th. Finally, Bank of America lowered their target price on 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.

Armada Hoffler Properties Trading Down 1.0%

Armada Hoffler Properties stock opened at $6.21 on Friday. The firm has a 50 day moving average of $6.68 and a 200 day moving average of $6.93. The firm has a market capitalization of $643.33 million, a price-to-earnings ratio of 32.66 and a beta of 1.12. Armada Hoffler Properties has a 12-month low of $6.01 and a 12-month high of $11.24. The company has a current ratio of 7.14, a quick ratio of 7.14 and a debt-to-equity ratio of 2.35.

Armada Hoffler Properties (NYSE:AHH) last posted its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.03. The company had revenue of $72.15 million for the quarter, compared to analysts’ expectations of $66.23 million. Armada Hoffler Properties had a return on equity of 4.43% and a net margin of 6.77%. Armada Hoffler Properties has set its FY 2025 guidance at 1.030-1.070 EPS. As a group, research analysts predict that Armada Hoffler Properties will post 1.05 earnings per share for the current year.

Armada Hoffler Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Wednesday, December 31st will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 9.0%. The ex-dividend date of this dividend is Wednesday, December 31st. Armada Hoffler Properties’s payout ratio is presently 294.74%.

Institutional Investors Weigh In On Armada Hoffler Properties

A number of hedge funds have recently modified their holdings of AHH. GAMMA Investing LLC increased its stake in shares of Armada Hoffler Properties by 464.9% in the 2nd quarter. GAMMA Investing LLC now owns 4,163 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 3,426 shares during the last quarter. Crossingbridge Advisors LLC purchased a new stake in Armada Hoffler Properties during the first quarter worth approximately $38,000. Hantz Financial Services Inc. increased its position in Armada Hoffler Properties by 99.3% during the third quarter. Hantz Financial Services Inc. now owns 6,367 shares of the real estate investment trust’s stock worth $45,000 after buying an additional 3,173 shares during the period. Tower Research Capital LLC TRC raised its stake in Armada Hoffler Properties by 172.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,919 shares of the real estate investment trust’s stock valued at $54,000 after acquiring an additional 5,015 shares during the last quarter. Finally, Inscription Capital LLC acquired a new position in shares of Armada Hoffler Properties during the third quarter worth about $72,000. 66.35% of the stock is currently owned by institutional investors and hedge funds.

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.