Armada Hoffler Properties (NYSE:AHH) Earns Sector Perform Rating from Analysts at Scotiabank

Equities researchers at Scotiabank assumed coverage on shares of Armada Hoffler Properties (NYSE:AHH) in a research note issued on Tuesday,Briefing.com Automated Import reports. The firm set a “sector perform” rating and a $11.00 price target on the real estate investment trust’s stock. Scotiabank’s price objective points to a potential upside of 9.46% from the company’s current price.

Several other brokerages have also issued reports on AHH. Stifel Nicolaus upped their price target on Armada Hoffler Properties from $12.50 to $12.75 and gave the company a “buy” rating in a research note on Tuesday, November 5th. StockNews.com downgraded shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd.

Armada Hoffler Properties Stock Up 2.0 %

Shares of NYSE AHH opened at $10.05 on Tuesday. Armada Hoffler Properties has a 12-month low of $9.26 and a 12-month high of $12.46. The firm’s 50-day simple moving average is $10.40 and its 200 day simple moving average is $11.10. The company has a quick ratio of 7.17, a current ratio of 7.17 and a debt-to-equity ratio of 2.00. The company has a market cap of $1.02 billion, a price-to-earnings ratio of -47.85 and a beta of 1.03.

Armada Hoffler Properties (NYSE:AHH) last released its quarterly earnings results 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). Armada Hoffler Properties had a negative net margin of 1.01% and a negative return on equity of 1.18%. The company had revenue of $68.60 million for the quarter, compared to the consensus estimate of $65.01 million. During the same period last year, the company earned $0.31 earnings per share. Armada Hoffler Properties’s revenue for the quarter was up 9.1% compared to the same quarter last year. On average, research analysts expect that Armada Hoffler Properties will post 1.27 earnings per share for the current fiscal year.

Insider Transactions at Armada Hoffler Properties

In other news, Director Dennis H. Gartman acquired 4,500 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was acquired at an average price of $10.85 per share, for a total transaction of $48,825.00. Following the transaction, the director now directly owns 31,649 shares in the company, valued at approximately $343,391.65. This represents a 16.58 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Insiders own 11.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AHH. Geode Capital Management LLC lifted its holdings in shares of Armada Hoffler Properties by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,765,811 shares of the real estate investment trust’s stock valued at $19,127,000 after purchasing an additional 56,777 shares in the last quarter. FMR LLC lifted its stake in Armada Hoffler Properties by 6.4% in the third quarter. FMR LLC now owns 2,337,275 shares of the real estate investment trust’s stock valued at $25,313,000 after buying an additional 140,964 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Armada Hoffler Properties by 18.6% in the third quarter. JPMorgan Chase & Co. now owns 622,095 shares of the real estate investment trust’s stock valued at $6,737,000 after buying an additional 97,642 shares during the period. HGI Capital Management LLC increased its position in shares of Armada Hoffler Properties by 44.4% during the third quarter. HGI Capital Management LLC now owns 250,000 shares of the real estate investment trust’s stock worth $2,708,000 after acquiring an additional 76,919 shares in the last quarter. Finally, Barclays PLC raised its holdings in shares of Armada Hoffler Properties by 73.9% during the third quarter. Barclays PLC now owns 215,192 shares of the real estate investment trust’s stock worth $2,329,000 after acquiring an additional 91,461 shares during the period. 66.35% of the stock is owned by institutional investors and hedge funds.

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.