Armada Hoffler Properties, Inc. (NYSE:AHH) was upgraded by stock analysts at TheStreet from a “c+” rating to a “b” rating in a research report issued to clients and investors on Tuesday.

A number of other equities analysts have also recently weighed in on the company. Zacks Investment Research cut Armada Hoffler Properties from a “hold” rating to a “sell” rating in a report on Monday, October 9th. FBR & Co reiterated a “buy” rating on shares of Armada Hoffler Properties in a report on Tuesday, October 3rd. ValuEngine raised Armada Hoffler Properties from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Stifel Nicolaus reissued a “hold” rating and set a $14.00 target price on shares of Armada Hoffler Properties in a research note on Thursday, September 21st. Finally, Bank of America Corporation initiated coverage on Armada Hoffler Properties in a research note on Wednesday, September 6th. They set a “buy” rating and a $15.00 target price on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. Armada Hoffler Properties has an average rating of “Hold” and an average price target of $14.70.

Armada Hoffler Properties (NYSE:AHH) last released its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The business had revenue of $27.10 million during the quarter, compared to analysts’ expectations of $27.06 million. Armada Hoffler Properties had a return on equity of 6.36% and a net margin of 7.78%. The company’s revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.26 EPS.

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A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. lifted its stake in Armada Hoffler Properties by 2.5% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 12,341 shares of the real estate investment trust’s stock worth $160,000 after acquiring an additional 306 shares in the last quarter. California Public Employees Retirement System lifted its stake in Armada Hoffler Properties by 0.3% during the 1st quarter. California Public Employees Retirement System now owns 117,800 shares of the real estate investment trust’s stock worth $1,636,000 after acquiring an additional 400 shares in the last quarter. Navellier & Associates Inc lifted its stake in Armada Hoffler Properties by 0.7% during the 2nd quarter. Navellier & Associates Inc now owns 59,964 shares of the real estate investment trust’s stock worth $777,000 after acquiring an additional 407 shares in the last quarter. Legal & General Group Plc lifted its stake in Armada Hoffler Properties by 12.1% during the 1st quarter. Legal & General Group Plc now owns 8,958 shares of the real estate investment trust’s stock worth $123,000 after acquiring an additional 967 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in Armada Hoffler Properties by 1.2% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 81,975 shares of the real estate investment trust’s stock worth $1,062,000 after acquiring an additional 980 shares in the last quarter. 81.26% of the stock is currently owned by hedge funds and other institutional investors.

About Armada Hoffler Properties

Armada Hoffler Properties, Inc is a real estate company. The Company is engaged in developing, building, owning and managing institutional-grade office, retail and multifamily properties in various markets throughout the Mid-Atlantic and Southeastern United States. In addition to the ownership of its operating property portfolio, the Company develops and builds properties for its own account and through joint ventures between the Company and unaffiliated partners.

Analyst Recommendations for Armada Hoffler Properties (NYSE:AHH)

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