Armada Hoffler Properties Inc. (NYSE:AHH) has been given an average rating of “Buy” by the six ratings firms that are presently covering the firm. One analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $13.38.
Shares of Armada Hoffler Properties (NYSE:AHH) traded up 0.35% on Tuesday, reaching $14.26. 130,544 shares of the company traded hands. The stock has a 50-day moving average price of $14.23 and a 200 day moving average price of $12.53. Armada Hoffler Properties has a 1-year low of $9.50 and a 1-year high of $15.50. The firm has a market capitalization of $700.84 million and a P/E ratio of 15.15.
Armada Hoffler Properties (NYSE:AHH) last issued its earnings results on Tuesday, August 2nd. The company reported $0.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.03. The company earned $24.25 million during the quarter, compared to analysts’ expectations of $23.83 million. The business’s quarterly revenue was up 22.1% compared to the same quarter last year. Analysts anticipate that Armada Hoffler Properties will post $0.98 EPS for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 6th. Stockholders of record on Wednesday, September 28th will be given a dividend of $0.18 per share. The ex-dividend date is Monday, September 26th. This represents a $0.72 annualized dividend and a dividend yield of 5.07%.
Several equities research analysts recently issued reports on AHH shares. TheStreet upgraded shares of Armada Hoffler Properties from a “sell” rating to a “buy” rating in a report on Monday, May 9th. Zacks Investment Research upgraded shares of Armada Hoffler Properties from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research note on Wednesday, May 18th. Stifel Nicolaus lifted their price target on shares of Armada Hoffler Properties from $13.00 to $15.50 and gave the stock a “buy” rating in a research note on Wednesday, August 3rd. Finally, Wunderlich lifted their price target on shares of Armada Hoffler Properties from $13.00 to $15.50 and gave the stock a “buy” rating in a research note on Wednesday, August 3rd.
Armada Hoffler Properties, Inc is a real estate company engaged in developing, building, owning and managing institutional-grade office, retail and multifamily properties in markets across the Mid-Atlantic United States, including Virginia, Maryland, North Carolina and South Carolina. The Company operates through four segments: office real estate, retail real estate, multifamily residential real estate, and general contracting and real estate services.
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