Armada Hoffler Properties, Inc. (NYSE:AHH) Receives $8.13 Average Price Target from Analysts

Shares of Armada Hoffler Properties, Inc. (NYSE:AHH) have been assigned an average recommendation of “Hold” from the five ratings firms that are presently covering the stock, MarketBeat 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 given a strong buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $8.10.

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

Hedge Funds Weigh In On Armada Hoffler Properties

A number of large investors have recently made changes to their positions in the stock. Janney Montgomery Scott LLC lifted its holdings in shares of Armada Hoffler Properties by 40.9% in the second quarter. Janney Montgomery Scott LLC now owns 196,199 shares of the real estate investment trust’s stock valued at $1,348,000 after purchasing an additional 56,964 shares in the last quarter. Asset Management One Co. Ltd. raised its position in shares of Armada Hoffler Properties by 9.5% during the 2nd quarter. Asset Management One Co. Ltd. now owns 118,217 shares of the real estate investment trust’s stock worth $812,000 after purchasing an additional 10,248 shares during the last quarter. Penserra Capital Management LLC lifted its stake in Armada Hoffler Properties by 45.9% in the 2nd quarter. Penserra Capital Management LLC now owns 147,369 shares of the real estate investment trust’s stock valued at $1,012,000 after buying an additional 46,370 shares in the last quarter. Brown Advisory Inc. lifted its stake in Armada Hoffler Properties by 3,588.7% in the 2nd quarter. Brown Advisory Inc. now owns 1,115,054 shares of the real estate investment trust’s stock valued at $7,660,000 after buying an additional 1,084,825 shares in the last quarter. Finally, DAVENPORT & Co LLC acquired a new stake in Armada Hoffler Properties during the 2nd quarter valued at $951,000. Hedge funds and other institutional investors own 66.35% of the company’s stock.

Armada Hoffler Properties Trading Up 0.3%

Shares of AHH stock opened at $7.07 on Friday. The company has a market capitalization of $733.02 million, a P/E ratio of 37.21 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. The business’s 50 day moving average is $6.61 and its two-hundred day moving average is $6.84. Armada Hoffler Properties has a twelve month low of $6.01 and a twelve month high of $10.26.

Armada Hoffler Properties (NYSE:AHH) last released its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $0.29 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 business had revenue of $72.15 million during the quarter, compared to analysts’ expectations of $66.23 million. Armada Hoffler Properties has set its FY 2025 guidance at 1.030-1.070 EPS. Equities analysts forecast that Armada Hoffler Properties will post 1.05 EPS for the current year.

Armada Hoffler Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Wednesday, December 31st were issued a $0.14 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $0.56 dividend on an annualized basis and a yield of 7.9%. Armada Hoffler Properties’s dividend payout ratio (DPR) is 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.