Scotiabank Begins Coverage on Armada Hoffler Properties (NYSE:AHH)

Equities research analysts at Scotiabank initiated coverage on shares of Armada Hoffler Properties (NYSE:AHH) in a research note issued to investors on Tuesday, Marketbeat Ratings reports. The brokerage set a “sector perform” rating and a $11.00 price target on the real estate investment trust’s stock. Scotiabank’s price target points to a potential upside of 14.64% from the stock’s current price.

A number of other research analysts have also recently weighed in on the stock. StockNews.com cut shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd. Stifel Nicolaus raised their price objective on shares of Armada Hoffler Properties from $12.50 to $12.75 and gave the stock a “buy” rating in a research note on Tuesday, November 5th.

Armada Hoffler Properties Trading Down 0.8 %

Shares of AHH opened at $9.60 on Tuesday. Armada Hoffler Properties has a fifty-two week low of $9.26 and a fifty-two week high of $12.46. The company has a debt-to-equity ratio of 2.00, a quick ratio of 7.17 and a current ratio of 7.17. The company’s fifty day moving average is $10.35 and its 200 day moving average is $11.08. The stock has a market capitalization of $972.55 million, a PE ratio of -45.69 and a beta of 1.03.

Armada Hoffler Properties (NYSE:AHH) last announced its quarterly earnings results on Monday, November 4th. The real estate investment trust reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $68.60 million during the quarter, compared to the consensus estimate of $65.01 million. During the same period in the previous year, the business posted $0.31 EPS. The firm’s revenue was up 9.1% on a year-over-year basis. Sell-side analysts expect that Armada Hoffler Properties will post 1.27 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Armada Hoffler Properties news, Director Dennis H. Gartman bought 4,500 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were bought at an average cost of $10.85 per share, for a total transaction of $48,825.00. Following the acquisition, the director now directly owns 31,649 shares in the company, valued at approximately $343,391.65. The trade was a 16.58 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 11.90% of the company’s stock.

Hedge Funds Weigh In On Armada Hoffler Properties

A number of hedge funds and other institutional investors have recently modified their holdings of AHH. Point72 DIFC Ltd purchased a new stake in Armada Hoffler Properties during the second quarter valued at approximately $46,000. KBC Group NV grew its holdings in Armada Hoffler Properties by 66.0% in the third quarter. KBC Group NV now owns 4,934 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 1,962 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Armada Hoffler Properties during the second quarter worth $55,000. Quarry LP lifted its holdings in shares of Armada Hoffler Properties by 446.4% during the 2nd quarter. Quarry LP now owns 5,863 shares of the real estate investment trust’s stock valued at $65,000 after purchasing an additional 4,790 shares during the last quarter. Finally, Stoneridge Investment Partners LLC acquired a new stake in shares of Armada Hoffler Properties in the 4th quarter worth $107,000. 66.35% of the stock is currently owned by institutional investors.

Armada Hoffler Properties Company Profile

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.