Scotiabank Lowers Armada Hoffler Properties (NYSE:AHH) Price Target to $8.00

Armada Hoffler Properties (NYSE:AHH) had its target price lowered by analysts at Scotiabank from $10.00 to $8.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s price target would suggest a potential upside of 17.56% from the stock’s current price.

Armada Hoffler Properties Trading Up 3.7 %

Shares of NYSE AHH opened at $6.81 on Wednesday. Armada Hoffler Properties has a 1-year low of $6.10 and a 1-year high of $12.46. The company has a current ratio of 8.81, a quick ratio of 7.17 and a debt-to-equity ratio of 1.56. The company has a 50-day moving average of $8.05 and a two-hundred day moving average of $9.68. The company has a market cap of $689.48 million, a PE ratio of 21.27 and a beta of 0.89.

Armada Hoffler Properties (NYSE:AHH) last posted its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.21. The firm had revenue of $62.95 million for the quarter, compared to the consensus estimate of $66.67 million. Armada Hoffler Properties had a return on equity of 5.96% and a net margin of 5.99%. As a group, equities analysts expect that Armada Hoffler Properties will post 1.05 earnings per share for the current fiscal year.

Insider Activity

In other Armada Hoffler Properties news, Director A Russell Kirk purchased 30,000 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The stock was acquired at an average cost of $7.64 per share, with a total value of $229,200.00. Following the completion of the purchase, the director now directly owns 49,430 shares in the company, valued at approximately $377,645.20. This represents a 154.40 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders have acquired 90,954 shares of company stock valued at $699,607. 11.90% of the stock is currently owned by insiders.

Institutional Trading of Armada Hoffler Properties

Institutional investors and hedge funds have recently made changes to their positions in the business. Steward Partners Investment Advisory LLC boosted its position 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 worth $46,000 after purchasing an additional 2,000 shares during the last quarter. Summit Investment Advisors Inc. boosted its holdings in Armada Hoffler Properties by 23.2% during the fourth quarter. Summit Investment Advisors Inc. now owns 8,248 shares of the real estate investment trust’s stock worth $84,000 after buying an additional 1,551 shares during the last quarter. Stoneridge Investment Partners LLC acquired a new position in shares of Armada Hoffler Properties during the 4th quarter worth about $107,000. Caisse Des Depots ET Consignations bought a new stake in shares of Armada Hoffler Properties in the 4th quarter valued at about $110,000. Finally, Quantinno Capital Management LP acquired a new stake in shares of Armada Hoffler Properties in the 4th quarter valued at approximately $115,000. Institutional investors own 66.35% of the company’s stock.

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.