Armada Hoffler Properties’ (AHH) Buy Rating Reiterated at DA Davidson

DA Davidson restated their buy rating on shares of Armada Hoffler Properties (NYSE:AHH) in a research note published on Tuesday, Zacks.com reports. DA Davidson also issued estimates for Armada Hoffler Properties’ Q2 2019 earnings at $0.29 EPS, Q3 2019 earnings at $0.29 EPS, Q4 2019 earnings at $0.29 EPS, FY2019 earnings at $1.13 EPS, Q1 2020 earnings at $0.30 EPS, Q2 2020 earnings at $0.31 EPS, Q3 2020 earnings at $0.31 EPS, Q4 2020 earnings at $0.32 EPS and FY2020 earnings at $1.24 EPS.

Several other research firms also recently issued reports on AHH. ValuEngine downgraded Armada Hoffler Properties from a buy rating to a hold rating in a research note on Thursday, June 27th. Zacks Investment Research downgraded Armada Hoffler Properties from a buy rating to a hold rating in a research note on Wednesday, July 3rd.

Shares of Armada Hoffler Properties stock opened at $17.19 on Tuesday. The business’s fifty day simple moving average is $16.84. Armada Hoffler Properties has a 12 month low of $13.53 and a 12 month high of $17.50. The firm has a market cap of $892.17 million, a P/E ratio of 16.69, a PEG ratio of 3.30 and a beta of 0.47. The company has a debt-to-equity ratio of 1.63, a current ratio of 13.03 and a quick ratio of 13.03.

Armada Hoffler Properties (NYSE:AHH) last released its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.21). Armada Hoffler Properties had a net margin of 9.66% and a return on equity of 3.96%. The firm had revenue of $36.38 million during the quarter, compared to analyst estimates of $34.01 million. Equities research analysts predict that Armada Hoffler Properties will post 1.15 EPS for the current fiscal year.

In other news, insider Michael P. O’hara purchased 6,000 shares of the company’s stock in a transaction on Tuesday, June 18th. The shares were purchased at an average price of $25.00 per share, with a total value of $150,000.00. Following the purchase, the insider now directly owns 6,000 shares of the company’s stock, valued at approximately $150,000. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director James C. Cherry acquired 5,000 shares of the firm’s stock in a transaction dated Tuesday, June 18th. The stock was bought at an average price of $25.00 per share, with a total value of $125,000.00. Following the acquisition, the director now directly owns 5,000 shares in the company, valued at $125,000. The disclosure for this purchase can be found here. Company insiders own 13.30% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Hillsdale Investment Management Inc. raised its position in shares of Armada Hoffler Properties by 18.1% in the second quarter. Hillsdale Investment Management Inc. now owns 46,400 shares of the real estate investment trust’s stock valued at $768,000 after buying an additional 7,100 shares in the last quarter. Swiss National Bank raised its position in Armada Hoffler Properties by 3.5% during the second quarter. Swiss National Bank now owns 93,600 shares of the real estate investment trust’s stock valued at $1,549,000 after purchasing an additional 3,200 shares in the last quarter. Envestnet Asset Management Inc. raised its position in Armada Hoffler Properties by 4.4% during the second quarter. Envestnet Asset Management Inc. now owns 53,358 shares of the real estate investment trust’s stock valued at $883,000 after purchasing an additional 2,248 shares in the last quarter. Advisory Services Network LLC raised its position in Armada Hoffler Properties by 3,156.6% during the second quarter. Advisory Services Network LLC now owns 2,703 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 2,620 shares in the last quarter. Finally, Aperio Group LLC raised its position in Armada Hoffler Properties by 18.0% during the second quarter. Aperio Group LLC now owns 48,170 shares of the real estate investment trust’s stock valued at $797,000 after purchasing an additional 7,358 shares in the last quarter. Institutional investors own 83.36% of the company’s stock.

About Armada Hoffler Properties

Armada Hoffler Properties, Inc (NYSE: AHH) is a vertically-integrated, self-managed real estate investment trust ("REIT") with four decades of experience developing, building, acquiring, and managing high-quality, institutional-grade office, retail, and multifamily properties located primarily in the Mid-Atlantic and Southeastern United States.

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