Armada Hoffler Properties, Inc. (NYSE:AHH) Receives $8.10 Average Price Target from Analysts

Armada Hoffler Properties, Inc. (NYSE:AHH) has earned a consensus rating of “Hold” from the five brokerages that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, one has given a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $8.10.

A number of analysts have recently commented on the company. Wall Street Zen downgraded Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Jefferies Financial Group raised shares of Armada Hoffler Properties to a “strong-buy” rating in a report on Tuesday, October 28th. Scotiabank lifted their price objective on shares of Armada Hoffler Properties from $7.00 to $7.50 and gave the company a “sector perform” rating in a report on Wednesday, January 14th. Weiss Ratings reissued a “sell (d)” rating on shares of Armada Hoffler Properties in a research note on Monday, December 29th. Finally, UBS Group set a $7.50 price target on Armada Hoffler Properties in a research report on Wednesday, January 14th.

Institutional Investors Weigh In On Armada Hoffler Properties

Several institutional investors have recently bought and sold shares of AHH. Hantz Financial Services Inc. increased its position in shares of 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 purchasing an additional 3,173 shares in the last quarter. Danske Bank A S acquired a new stake in Armada Hoffler Properties during the 4th quarter worth $45,000. Tower Research Capital LLC TRC boosted 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 worth $54,000 after purchasing an additional 5,015 shares during the last quarter. Inscription Capital LLC purchased a new stake in shares of Armada Hoffler Properties during the third quarter worth $72,000. Finally, M&T Bank Corp purchased a new stake in Armada Hoffler Properties during the 4th quarter valued at about $75,000. 66.35% of the stock is currently owned by institutional investors and hedge funds.

Armada Hoffler Properties Stock Performance

Shares of NYSE AHH opened at $7.19 on Thursday. The company has a 50 day simple moving average of $6.81 and a two-hundred day simple moving average of $6.83. The stock has a market cap of $745.42 million, a price-to-earnings ratio of 37.84 and a beta of 1.04. 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 has a 12 month low of $6.01 and a 12 month high of $9.69.

Armada Hoffler Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Wednesday, December 31st were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 7.8%. Armada Hoffler Properties’s payout ratio is currently 294.74%.

Armada Hoffler Properties Company Profile

Armada Hoffler Properties, Inc is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of retail, office and mixed-use properties. The company’s portfolio primarily comprises neighborhood and community shopping centers, urban infill retail sites and select office buildings located in high-growth markets. Armada Hoffler also provides in-house property management and leasing services, leveraging its vertically integrated platform to enhance asset value and tenant satisfaction.

Founded on a legacy of commercial real estate development dating back to the 1970s, Armada Hoffler went public in 2016 through a strategic combination of private real estate entities.