Scotiabank Issues Pessimistic Forecast for Armada Hoffler Properties (NYSE:AHH) Stock Price

Armada Hoffler Properties (NYSE:AHH) had its price target decreased by analysts at Scotiabank from $11.00 to $10.00 in a report issued on Friday,Benzinga reports. The firm presently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s price target points to a potential upside of 8.99% from the stock’s current price.

Separately, 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 report on Tuesday, November 5th.

Armada Hoffler Properties Stock Up 0.2 %

Shares of AHH opened at $9.18 on Friday. The firm has a market cap of $929.98 million, a PE ratio of 28.67 and a beta of 1.03. The company’s fifty day moving average is $9.70 and its two-hundred day moving average is $10.73. Armada Hoffler Properties has a fifty-two week low of $8.76 and a fifty-two week high of $12.46. The company has a quick ratio of 7.17, a current ratio of 8.81 and a debt-to-equity ratio of 1.56.

Armada Hoffler Properties (NYSE:AHH) last announced its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.21. Armada Hoffler Properties had a net margin of 5.99% and a return on equity of 5.96%. The company had revenue of $62.95 million for the quarter, compared to analyst estimates of $66.67 million. Analysts forecast that Armada Hoffler Properties will post 1.05 earnings per share for the current year.

Insider Activity

In other news, Director Dennis H. Gartman bought 4,500 shares of Armada Hoffler Properties stock in a transaction on Wednesday, December 11th. The stock was purchased at an average cost of $10.85 per share, with a total value of $48,825.00. Following the purchase, the director now directly owns 31,649 shares of the company’s stock, valued at approximately $343,391.65. This trade represents a 16.58 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 11.90% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of AHH. Steward Partners Investment Advisory LLC raised its position in shares of Armada Hoffler Properties by 80.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,500 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 2,000 shares in the last quarter. KBC Group NV raised its holdings in shares of Armada Hoffler Properties by 66.0% in the 3rd 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 in the last quarter. Summit Investment Advisors Inc. raised its holdings in shares of Armada Hoffler Properties by 23.2% in the 4th quarter. Summit Investment Advisors Inc. now owns 8,248 shares of the real estate investment trust’s stock worth $84,000 after purchasing an additional 1,551 shares in the last quarter. Versor Investments LP bought a new stake in shares of Armada Hoffler Properties in the 3rd quarter worth approximately $108,000. Finally, Stoneridge Investment Partners LLC purchased a new position in Armada Hoffler Properties during the fourth quarter valued at approximately $107,000. 66.35% of the stock is owned by institutional investors and hedge funds.

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.