Stifel Nicolaus Initiates Coverage on Armada Hoffler Properties (NYSE:AHH)

Analysts at Stifel Nicolaus initiated coverage on shares of Armada Hoffler Properties (NYSE:AHH) in a research report issued on Monday, Marketbeat.com reports. The brokerage set a “buy” rating and a $12.75 price target on the real estate investment trust’s stock. Stifel Nicolaus’ target price indicates a potential upside of 7.69% from the company’s previous close.

Several other research analysts have also weighed in on the stock. Jefferies Financial Group lowered shares of Armada Hoffler Properties from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $13.00 to $11.00 in a research note on Monday. StockNews.com upgraded shares of Armada Hoffler Properties from a “sell” rating to a “hold” rating in a research note on Thursday, May 23rd.

Armada Hoffler Properties Trading Up 2.3 %

AHH opened at $11.84 on Monday. Armada Hoffler Properties has a twelve month low of $9.81 and a twelve month high of $13.11. The company has a debt-to-equity ratio of 2.41, a quick ratio of 9.54 and a current ratio of 9.54. The firm’s fifty day moving average is $11.21 and its two-hundred day moving average is $11.15. The firm has a market cap of $1.05 billion, a PE ratio of 131.57 and a beta of 1.03.

Armada Hoffler Properties (NYSE:AHH) last posted its quarterly earnings data on Thursday, May 9th. The real estate investment trust reported $0.17 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.14). The company had revenue of $61.88 million during the quarter, compared to the consensus estimate of $61.55 million. Armada Hoffler Properties had a net margin of 2.76% and a return on equity of 2.96%. Equities research analysts anticipate that Armada Hoffler Properties will post 1.25 EPS for the current year.

Insider Transactions at Armada Hoffler Properties

In related news, insider Eric E. Apperson sold 40,000 shares of the stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $11.59, for a total transaction of $463,600.00. Following the transaction, the insider now directly owns 53,867 shares of the company’s stock, valued at $624,318.53. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Armada Hoffler Properties news, Director Dennis H. Gartman acquired 4,500 shares of the company’s stock in a transaction on Wednesday, July 10th. The shares were purchased at an average cost of $11.09 per share, with a total value of $49,905.00. Following the completion of the purchase, the director now owns 21,486 shares of the company’s stock, valued at $238,279.74. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Eric E. Apperson sold 40,000 shares of the firm’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $11.59, for a total transaction of $463,600.00. Following the completion of the transaction, the insider now directly owns 53,867 shares in the company, valued at $624,318.53. The disclosure for this sale can be found here. 11.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its holdings in Armada Hoffler Properties by 33.7% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 35,709 shares of the real estate investment trust’s stock worth $396,000 after buying an additional 8,994 shares during the last quarter. Adams Asset Advisors LLC increased its holdings in Armada Hoffler Properties by 177.5% during the second quarter. Adams Asset Advisors LLC now owns 87,849 shares of the real estate investment trust’s stock worth $974,000 after buying an additional 56,191 shares during the last quarter. Cetera Advisors LLC increased its holdings in Armada Hoffler Properties by 15.0% during the first quarter. Cetera Advisors LLC now owns 14,361 shares of the real estate investment trust’s stock worth $149,000 after buying an additional 1,872 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Armada Hoffler Properties by 7.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 90,142 shares of the real estate investment trust’s stock worth $938,000 after buying an additional 6,158 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new stake in Armada Hoffler Properties during the first quarter worth about $167,000. 66.35% of the stock is owned by institutional investors.

Armada Hoffler Properties Company Profile

Armada Hoffler (NYSE: AHH) is a vertically-integrated, self-managed real estate investment trust 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.