Armada Hoffler Properties (NYSE:AHH) PT Lowered to $12.50

Armada Hoffler Properties (NYSE:AHH) had its target price reduced by equities researchers at Stifel Nicolaus from $12.75 to $12.50 in a research report issued on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. Stifel Nicolaus’ price objective indicates a potential upside of 14.47% from the stock’s current price.

A number of other research firms have also recently issued reports on AHH. StockNews.com upgraded shares of Armada Hoffler Properties from a “sell” rating to a “hold” rating in a research note on Friday, September 13th. Jefferies Financial Group cut shares of Armada Hoffler Properties from a “buy” rating to a “hold” rating and cut their price target for the stock from $13.00 to $11.00 in a research note on Monday, July 15th.

Armada Hoffler Properties Trading Up 1.1 %

NYSE AHH opened at $10.92 on Friday. The firm’s 50 day moving average price is $11.82 and its two-hundred day moving average price is $11.23. The stock has a market cap of $969.51 million, a price-to-earnings ratio of 121.33 and a beta of 1.04. The company has a debt-to-equity ratio of 2.44, a quick ratio of 7.49 and a current ratio of 7.49. Armada Hoffler Properties has a twelve month low of $9.81 and a twelve month high of $13.11.

Insider Transactions at Armada Hoffler Properties

In other Armada Hoffler Properties news, Director Dennis H. Gartman acquired 4,500 shares of the firm’s stock in a transaction that occurred on Wednesday, July 10th. The stock was acquired at an average cost of $11.09 per share, for a total transaction of $49,905.00. Following the transaction, the director now owns 21,486 shares of the company’s stock, valued at $238,279.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Armada Hoffler Properties

A number of large investors have recently modified their holdings of AHH. Vanguard Group Inc. increased its position in Armada Hoffler Properties by 0.8% during the first quarter. Vanguard Group Inc. now owns 7,757,553 shares of the real estate investment trust’s stock worth $80,679,000 after buying an additional 65,300 shares during the last quarter. Mesirow Institutional Investment Management Inc. boosted its holdings in shares of Armada Hoffler Properties by 0.9% during the 2nd quarter. Mesirow Institutional Investment Management Inc. now owns 1,058,787 shares of the real estate investment trust’s stock valued at $11,742,000 after acquiring an additional 9,599 shares in the last quarter. First Eagle Investment Management LLC grew its holdings in Armada Hoffler Properties by 9.4% during the 1st quarter. First Eagle Investment Management LLC now owns 970,931 shares of the real estate investment trust’s stock worth $10,098,000 after acquiring an additional 83,500 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Armada Hoffler Properties by 5.3% in the first quarter. Principal Financial Group Inc. now owns 369,976 shares of the real estate investment trust’s stock valued at $3,848,000 after buying an additional 18,692 shares during the period. Finally, Janney Montgomery Scott LLC increased its position in shares of Armada Hoffler Properties by 2.6% during the first quarter. Janney Montgomery Scott LLC now owns 354,773 shares of the real estate investment trust’s stock worth $3,690,000 after buying an additional 9,119 shares during the period. 66.35% of the stock is currently owned by institutional investors and hedge funds.

About Armada Hoffler Properties

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.