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

Scotiabank began coverage on shares of Armada Hoffler Properties (NYSE:AHHGet Free Report) in a research note issued on Tuesday, Marketbeat.com reports. The firm set a “sector perform” rating and a $11.00 price target on the real estate investment trust’s stock. Scotiabank’s target price indicates a potential upside of 14.64% from the stock’s previous close.

Several other equities research analysts also recently weighed in on AHH. Stifel Nicolaus increased their price target on Armada Hoffler Properties from $12.50 to $12.75 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. StockNews.com lowered Armada Hoffler Properties from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd.

Read Our Latest Stock Analysis on Armada Hoffler Properties

Armada Hoffler Properties Trading Down 0.8 %

Armada Hoffler Properties stock opened at $9.60 on Tuesday. Armada Hoffler Properties has a 52 week low of $9.26 and a 52 week high of $12.46. The stock has a 50-day moving average price of $10.35 and a 200 day moving average price of $11.08. The company has a quick ratio of 7.17, a current ratio of 7.17 and a debt-to-equity ratio of 2.00. The company has a market capitalization of $972.55 million, a price-to-earnings ratio of -45.69 and a beta of 1.03.

Armada Hoffler Properties (NYSE:AHHGet Free Report) last announced its quarterly earnings data 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). The business had revenue of $68.60 million for the quarter, compared to analyst estimates of $65.01 million. Armada Hoffler Properties had a negative net margin of 1.01% and a negative return on equity of 1.18%. The business’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.31 earnings per share. Sell-side analysts anticipate that Armada Hoffler Properties will post 1.27 EPS for the current year.

Insiders Place Their Bets

In related news, Director Dennis H. Gartman purchased 4,500 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was bought at an average price of $10.85 per share, with a total value of $48,825.00. Following the acquisition, the director now owns 31,649 shares in the company, valued at $343,391.65. The trade was a 16.58 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 11.90% of the company’s stock.

Institutional Trading of Armada Hoffler Properties

Several institutional investors have recently modified their holdings of the stock. Point72 DIFC Ltd acquired a new position in shares of Armada Hoffler Properties during the 2nd quarter worth about $46,000. KBC Group NV raised its holdings in shares of Armada Hoffler Properties by 66.0% during the third quarter. KBC Group NV now owns 4,934 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 1,962 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Armada Hoffler Properties in the second quarter valued at approximately $55,000. Quarry LP boosted its stake in shares of Armada Hoffler Properties by 446.4% in the second quarter. Quarry LP now owns 5,863 shares of the real estate investment trust’s stock worth $65,000 after acquiring an additional 4,790 shares during the last quarter. Finally, Versor Investments LP purchased a new stake in shares of Armada Hoffler Properties during the third quarter worth approximately $108,000. Institutional investors and hedge funds own 66.35% of the company’s stock.

Armada Hoffler Properties Company Profile

(Get Free Report)

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.

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