Armada Hoffler Properties (NYSE:AHH) Coverage Initiated by Analysts at Jefferies Financial Group

Jefferies Financial Group assumed coverage on shares of Armada Hoffler Properties (NYSE:AHH - Get Free Report) in a note issued to investors on Friday, Marketbeat Ratings 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 price objective would suggest a potential upside of 16.45% from the company's current price.

Several other equities research analysts have also issued reports on the stock. Stifel Nicolaus lowered their price target on shares of Armada Hoffler Properties from $12.25 to $10.50 and set a "buy" rating on the stock in a report on Thursday, May 8th. Scotiabank lowered their target price on shares of Armada Hoffler Properties from $10.00 to $8.00 and set a "sector perform" rating on the stock in a research note on Wednesday, April 16th.

Armada Hoffler Properties Price Performance

AHH stock remained flat at $6.87 during mid-day trading on Friday. 963,525 shares of the company's stock were exchanged, compared to its average volume of 800,632. The company has a debt-to-equity ratio of 2.03, a current ratio of 12.47 and a quick ratio of 12.47. The stock has a 50 day simple moving average of $6.98 and a 200-day simple moving average of $8.23. The company has a market cap of $696.07 million, a price-to-earnings ratio of 85.89 and a beta of 1.11. Armada Hoffler Properties has a one year low of $6.10 and a one year high of $12.46.

Armada Hoffler Properties (NYSE:AHH - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The real estate investment trust reported $0.25 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.01). Armada Hoffler Properties had a return on equity of 2.98% and a net margin of 3.24%. The business had revenue of $63.80 million during the quarter, compared to the consensus estimate of $63.18 million. On average, equities research analysts anticipate that Armada Hoffler Properties will post 1.05 EPS for the current fiscal year.

Institutional Trading of Armada Hoffler Properties

Hedge funds have recently modified their holdings of the company. Strs Ohio acquired a new stake in Armada Hoffler Properties during the 1st quarter valued at $111,000. Jane Street Group LLC increased its stake in shares of Armada Hoffler Properties by 268.6% in the first quarter. Jane Street Group LLC now owns 71,905 shares of the real estate investment trust's stock valued at $540,000 after buying an additional 52,397 shares in the last quarter. Great Lakes Advisors LLC lifted its position in Armada Hoffler Properties by 1.2% during the 1st quarter. Great Lakes Advisors LLC now owns 405,980 shares of the real estate investment trust's stock worth $3,049,000 after buying an additional 4,878 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Armada Hoffler Properties during the 1st quarter worth about $316,000. Finally, UniSuper Management Pty Ltd increased its position in Armada Hoffler Properties by 19.2% in the 1st quarter. UniSuper Management Pty Ltd now owns 23,000 shares of the real estate investment trust's stock valued at $173,000 after acquiring an additional 3,700 shares in the last quarter. Institutional investors and hedge funds own 66.35% of the company's stock.

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.