Jefferies Financial Group Begins Coverage on Armada Hoffler Properties (NYSE:AHH)

Stock analysts at Jefferies Financial Group assumed coverage on shares of Armada Hoffler Properties (NYSE:AHH - Get Free Report) in a research report issued to clients and investors on Friday,Briefing.com Automated Import reports. The firm set a "buy" rating and a $8.00 price target on the real estate investment trust's stock. Jefferies Financial Group's target price indicates a potential upside of 15.06% from the stock's previous close.

AHH has been the topic of a number of other research reports. Scotiabank dropped their target price on Armada Hoffler Properties from $10.00 to $8.00 and set a "sector perform" rating on the stock in a report on Wednesday, April 16th. Stifel Nicolaus lowered their price objective on shares of Armada Hoffler Properties from $12.25 to $10.50 and set a "buy" rating on the stock in a research report on Thursday, May 8th.

Armada Hoffler Properties Stock Up 1.4%

Shares of NYSE:AHH opened at $6.95 on Friday. The firm has a 50 day simple moving average of $6.98 and a 200 day simple moving average of $8.30. Armada Hoffler Properties has a 52 week low of $6.10 and a 52 week high of $12.46. The company has a debt-to-equity ratio of 2.03, a quick ratio of 12.47 and a current ratio of 12.47. The company has a market cap of $704.48 million, a PE ratio of 86.92 and a beta of 1.11.

Armada Hoffler Properties (NYSE:AHH - Get Free Report) last released its earnings results on Wednesday, May 7th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.26 by ($0.01). Armada Hoffler Properties had a net margin of 3.24% and a return on equity of 2.98%. The business had revenue of $63.80 million during the quarter, compared to analysts' expectations of $63.18 million. As a group, research analysts expect that Armada Hoffler Properties will post 1.05 earnings per share for the current year.

Institutional Investors Weigh In On Armada Hoffler Properties

Several institutional investors have recently made changes to their positions in the company. Victory Capital Management Inc. raised its position in Armada Hoffler Properties by 9.3% during the fourth quarter. Victory Capital Management Inc. now owns 13,923 shares of the real estate investment trust's stock valued at $142,000 after acquiring an additional 1,190 shares in the last quarter. Summit Investment Advisors Inc. increased its stake in shares of Armada Hoffler Properties by 23.2% during 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 during the last quarter. Mutual of America Capital Management LLC raised its holdings in shares of Armada Hoffler Properties by 18.2% during the 4th quarter. Mutual of America Capital Management LLC now owns 12,071 shares of the real estate investment trust's stock valued at $123,000 after purchasing an additional 1,862 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its stake in shares of Armada Hoffler Properties by 80.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,500 shares of the real estate investment trust's stock valued at $46,000 after purchasing an additional 2,000 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Armada Hoffler Properties by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,791 shares of the real estate investment trust's stock worth $351,000 after purchasing an additional 2,015 shares in the last quarter. 66.35% of the stock is currently owned by institutional investors and hedge funds.

About Armada Hoffler Properties

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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