Armada Hoffler Properties (NYSE:AHH) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Armada Hoffler Properties (NYSE:AHH) had its target price increased by equities research analysts at Stifel Nicolaus from $12.50 to $12.75 in a research report issued on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. Stifel Nicolaus’ price objective indicates a potential upside of 15.28% from the company’s previous close.

AHH has been the subject of a number of other reports. StockNews.com cut shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, October 22nd. Jefferies Financial Group cut shares of Armada Hoffler Properties from a “buy” rating to a “hold” rating and lowered their price target for the company from $13.00 to $11.00 in a research report on Monday, July 15th.

Armada Hoffler Properties Price Performance

Shares of NYSE:AHH traded up $0.15 during midday trading on Tuesday, reaching $11.06. 96,014 shares of the company were exchanged, compared to its average volume of 472,497. The company has a current ratio of 7.49, a quick ratio of 7.49 and a debt-to-equity ratio of 2.44. The business’s fifty day moving average is $11.43 and its two-hundred day moving average is $11.34. Armada Hoffler Properties has a one year low of $10.02 and a one year high of $13.11. The stock has a market cap of $990.31 million, a PE ratio of -276.68 and a beta of 1.03.

Armada Hoffler Properties (NYSE:AHH) last released its quarterly earnings data on Monday, November 4th. The real estate investment trust reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.31 by ($0.42). The business had revenue of $68.60 million for the quarter, compared to the consensus estimate of $65.01 million. Armada Hoffler Properties had a net margin of 1.10% and a return on equity of 1.26%. Armada Hoffler Properties’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.31 EPS. As a group, analysts predict that Armada Hoffler Properties will post 1.25 earnings per share for the current year.

Insider Transactions at Armada Hoffler Properties

In other Armada Hoffler Properties news, Director Daniel A. Hoffler bought 95,238 shares of the firm’s stock in a transaction dated Thursday, September 26th. The stock was acquired at an average price of $10.50 per share, for a total transaction of $999,999.00. Following the completion of the purchase, the director now owns 266,647 shares of the company’s stock, valued at approximately $2,799,793.50. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Dennis H. Gartman purchased 4,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was purchased at an average cost of $10.85 per share, with a total value of $48,825.00. Following the completion of the acquisition, the director now directly owns 27,149 shares of the company’s stock, valued at approximately $294,566.65. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Daniel A. Hoffler purchased 95,238 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The shares were purchased at an average cost of $10.50 per share, with a total value of $999,999.00. Following the completion of the acquisition, the director now directly owns 266,647 shares of the company’s stock, valued at $2,799,793.50. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 11.90% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Point72 DIFC Ltd purchased a new position in Armada Hoffler Properties in the second quarter valued at about $46,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Armada Hoffler Properties in the 2nd quarter valued at $55,000. Quarry LP increased its stake in Armada Hoffler Properties by 446.4% during the 2nd quarter. Quarry LP now owns 5,863 shares of the real estate investment trust’s stock worth $65,000 after buying an additional 4,790 shares during the period. Versor Investments LP purchased a new stake in Armada Hoffler Properties during the 3rd quarter worth $108,000. Finally, Van ECK Associates Corp increased its stake in Armada Hoffler Properties by 12.3% during the 3rd quarter. Van ECK Associates Corp now owns 11,403 shares of the real estate investment trust’s stock worth $126,000 after buying an additional 1,251 shares during the period. 66.35% of the stock is owned by hedge funds and other institutional investors.

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.