Armada Hoffler Properties, Inc. (NYSE:AHH) Receives $8.13 Average PT 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 firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $8.1250.

A number of equities analysts recently 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 reduced their target price on Armada Hoffler Properties from $8.00 to $7.00 and set a “sector perform” rating for the company in a report on Thursday, November 13th. Bank of America lowered their price target on Armada Hoffler Properties from $7.50 to $7.00 and set an “underperform” rating on the stock in a report on Monday, August 25th. Jefferies Financial Group raised Armada Hoffler Properties to a “strong-buy” rating in a research report on Tuesday, October 28th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Armada Hoffler Properties in a research report on Tuesday.

Armada Hoffler Properties Trading Up 0.9%

NYSE:AHH opened at $6.47 on Friday. The company has a quick ratio of 7.14, a current ratio of 7.14 and a debt-to-equity ratio of 2.35. Armada Hoffler Properties has a 1-year low of $6.01 and a 1-year high of $11.24. The firm has a market capitalization of $670.29 million, a price-to-earnings ratio of 34.03 and a beta of 1.12. The stock has a fifty day simple moving average of $6.64 and a 200 day simple moving average of $6.92.

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

Armada Hoffler Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Wednesday, December 31st will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $0.56 dividend on an annualized basis and a yield of 8.7%. Armada Hoffler Properties’s payout ratio is presently 294.74%.

Institutional Investors Weigh In On Armada Hoffler Properties

Institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC increased its stake in shares of Armada Hoffler Properties by 464.9% in the second 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 position in Armada Hoffler Properties in the first quarter valued at about $38,000. Hantz Financial Services Inc. increased its position in Armada Hoffler Properties by 99.3% in the 3rd 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 during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of 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 in the last quarter. Finally, Inscription Capital LLC acquired a new stake in shares of Armada Hoffler Properties during the 3rd quarter valued at about $72,000. Institutional investors and hedge funds 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.