Armada Hoffler Properties Inc (NYSE:AHH) has earned an average recommendation of “Buy” from the eleven brokerages that are covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $14.67.
Several analysts have recently issued reports on the company. TheStreet lowered Armada Hoffler Properties from a “b” rating to a “c+” rating in a report on Friday, January 5th. Zacks Investment Research raised Armada Hoffler Properties from a “sell” rating to a “hold” rating in a report on Monday, January 22nd. Raymond James Financial reissued a “market perform” rating on shares of Armada Hoffler Properties in a report on Monday, January 8th. Finally, Citigroup lowered Armada Hoffler Properties to a “market perform” rating in a report on Monday, January 8th. They noted that the move was a valuation call.
Armada Hoffler Properties (NYSE:AHH) traded down $0.21 on Friday, hitting $13.22. The stock had a trading volume of 251,394 shares, compared to its average volume of 374,535. The firm has a market cap of $590.02, a price-to-earnings ratio of 26.44, a P/E/G ratio of 3.74 and a beta of 0.46. Armada Hoffler Properties has a 12 month low of $12.65 and a 12 month high of $16.00. The company has a current ratio of 9.59, a quick ratio of 10.44 and a debt-to-equity ratio of 1.23.
In other Armada Hoffler Properties news, CEO Louis S. Haddad acquired 15,000 shares of Armada Hoffler Properties stock in a transaction that occurred on Thursday, February 8th. The shares were acquired at an average cost of $13.17 per share, with a total value of $197,550.00. Following the completion of the purchase, the chief executive officer now directly owns 282,221 shares of the company’s stock, valued at approximately $3,716,850.57. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 16.59% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in AHH. Public Employees Retirement System of Ohio acquired a new stake in Armada Hoffler Properties in the third quarter valued at about $117,000. Teachers Retirement System of The State of Kentucky boosted its stake in Armada Hoffler Properties by 83.3% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 9,900 shares of the real estate investment trust’s stock valued at $137,000 after buying an additional 4,500 shares in the last quarter. Park Avenue Securities LLC acquired a new stake in Armada Hoffler Properties in the fourth quarter valued at about $158,000. Amundi Pioneer Asset Management Inc. acquired a new stake in Armada Hoffler Properties in the fourth quarter valued at about $160,000. Finally, Raymond James Trust N.A. acquired a new stake in Armada Hoffler Properties in the third quarter valued at about $163,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.
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Armada Hoffler Properties Company Profile
Armada Hoffler Properties, Inc is a real estate company. The Company is engaged in developing, building, owning and managing institutional-grade office, retail and multifamily properties in various markets throughout the Mid-Atlantic and Southeastern United States. In addition to the ownership of its operating property portfolio, the Company develops and builds properties for its own account and through joint ventures between the Company and unaffiliated partners.
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