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

Investment analysts at Scotiabank initiated coverage on shares of Armada Hoffler Properties (NYSE:AHH) in a research report issued to clients and investors 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 suggests a potential upside of 9.46% from the stock’s current price.

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

Armada Hoffler Properties Trading Up 2.0 %

NYSE:AHH opened at $10.05 on Tuesday. The company has a market cap of $1.02 billion, a P/E ratio of -47.85 and a beta of 1.03. Armada Hoffler Properties has a twelve month low of $9.26 and a twelve month high of $12.46. The business has a 50 day moving average price of $10.40 and a two-hundred day moving average price of $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.

Armada Hoffler Properties (NYSE:AHH) last announced its 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 return on equity of 1.18% and a negative net margin of 1.01%. The business had revenue of $68.60 million for the quarter, compared to analyst estimates of $65.01 million. During the same quarter in the previous year, the company posted $0.31 EPS. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. As a group, analysts expect that Armada Hoffler Properties will post 1.27 EPS for the current fiscal year.

Insider Buying and Selling at Armada Hoffler Properties

In other Armada Hoffler Properties news, Director Dennis H. Gartman bought 4,500 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were acquired at an average cost of $10.85 per share, with a total value of $48,825.00. Following the acquisition, the director now owns 31,649 shares of the company’s stock, valued at $343,391.65. The trade was a 16.58 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 11.90% of the company’s stock.

Institutional Investors Weigh In On Armada Hoffler Properties

Several hedge funds have recently added to or reduced their stakes in AHH. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Armada Hoffler Properties by 17.5% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 82,425 shares of the real estate investment trust’s stock valued at $843,000 after purchasing an additional 12,304 shares during the period. State of Alaska Department of Revenue raised its holdings in Armada Hoffler Properties by 17.4% in the 4th quarter. State of Alaska Department of Revenue now owns 83,040 shares of the real estate investment trust’s stock valued at $848,000 after acquiring an additional 12,290 shares during the period. Yousif Capital Management LLC lifted its position in Armada Hoffler Properties by 10.3% during the fourth quarter. Yousif Capital Management LLC now owns 29,848 shares of the real estate investment trust’s stock worth $305,000 after acquiring an additional 2,779 shares during the last quarter. abrdn plc grew its position in shares of Armada Hoffler Properties by 30.6% in the fourth quarter. abrdn plc now owns 18,100 shares of the real estate investment trust’s stock valued at $182,000 after purchasing an additional 4,244 shares during the last quarter. Finally, Sound Income Strategies LLC acquired a new position in shares of Armada Hoffler Properties in the fourth quarter valued at approximately $9,049,000. Institutional investors and hedge funds 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.