Scotiabank Has Lowered Expectations for Armada Hoffler Properties (NYSE:AHH) Stock Price

Armada Hoffler Properties (NYSE:AHH) had its target price lowered by investment analysts at Scotiabank from $8.00 to $7.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s price target suggests a potential upside of 11.91% from the company’s previous close.

A number of other analysts also recently commented on AHH. Jefferies Financial Group upgraded shares of Armada Hoffler Properties to a “strong-buy” rating in a report on Tuesday, October 28th. Bank of America reduced their price objective on Armada Hoffler Properties from $7.50 to $7.00 and set an “underperform” rating on the stock in a research report on Monday, August 25th. Wall Street Zen downgraded Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Finally, Weiss Ratings lowered Armada Hoffler Properties from a “hold (c-)” rating to a “sell (d)” rating in a report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $8.13.

Armada Hoffler Properties Stock Performance

Shares of Armada Hoffler Properties stock traded up $0.03 on Thursday, reaching $6.26. 327,282 shares of the stock were exchanged, compared to its average volume of 854,834. Armada Hoffler Properties has a twelve month low of $6.10 and a twelve month high of $11.24. The business has a 50 day moving average price of $6.86 and a two-hundred day moving average price of $6.96. The company has a quick ratio of 7.14, a current ratio of 7.14 and a debt-to-equity ratio of 2.35. The firm has a market capitalization of $648.39 million, a price-to-earnings ratio of 32.92 and a beta of 1.12.

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

Institutional Investors Weigh In On Armada Hoffler Properties

Institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC grew its holdings in shares of Armada Hoffler Properties by 464.9% during the second quarter. GAMMA Investing LLC now owns 4,163 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 3,426 shares during the last quarter. Crossingbridge Advisors LLC purchased a new position in Armada Hoffler Properties during the 1st quarter worth approximately $38,000. Hantz Financial Services Inc. grew its stake in Armada Hoffler Properties by 99.3% during the 3rd 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 last quarter. Tower Research Capital LLC TRC increased its position in Armada Hoffler Properties by 172.7% during the second quarter. Tower Research Capital LLC TRC now owns 7,919 shares of the real estate investment trust’s stock worth $54,000 after buying an additional 5,015 shares during the period. Finally, Inscription Capital LLC purchased a new stake in Armada Hoffler Properties in the third quarter valued at approximately $72,000. Hedge funds and other institutional investors 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.