Zacks Investment Research lowered shares of Armada Hoffler Properties (NYSE:AHH) from a hold rating to a sell rating in a research note published on Monday morning.

According to Zacks, “Armada Hoffler Properties, Inc. is a real estate investment trust. It is engaged in developing, building, owning and managing office, retail and multifamily properties primarily in the United States. Its properties are situated in Virginia and North Carolina. Armada Hoffler Properties, Inc. is based in Virginia Beach, United States. “

AHH has been the subject of several other research reports. B. Riley reiterated a buy rating on shares of Armada Hoffler Properties in a report on Thursday, November 2nd. TheStreet upgraded Armada Hoffler Properties from a c+ rating to a b rating in a report on Tuesday, October 31st. ValuEngine upgraded Armada Hoffler Properties from a hold rating to a buy rating in a report on Monday, October 2nd. Citigroup lowered Armada Hoffler Properties to a market perform rating in a report on Monday. They noted that the move was a valuation call. Finally, Raymond James Financial reiterated a market perform rating on shares of Armada Hoffler Properties in a report on Monday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $15.20.

Shares of Armada Hoffler Properties (NYSE AHH) traded up $0.16 on Monday, hitting $14.53. The stock had a trading volume of 379,200 shares, compared to its average volume of 476,575. Armada Hoffler Properties has a 12-month low of $12.65 and a 12-month high of $16.00. The company has a debt-to-equity ratio of 1.13, a quick ratio of 10.44 and a current ratio of 10.44. The stock has a market cap of $901.98, a price-to-earnings ratio of 30.91, a PEG ratio of 4.38 and a beta of 0.58.

Armada Hoffler Properties (NYSE:AHH) last issued its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. Armada Hoffler Properties had a return on equity of 12.92% and a net margin of 15.32%. The firm had revenue of $27.10 million during the quarter, compared to analyst estimates of $27.06 million. During the same quarter in the prior year, the business posted $0.26 EPS. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. research analysts forecast that Armada Hoffler Properties will post 0.99 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, January 4th. Investors of record on Wednesday, December 27th were paid a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, December 26th. This represents a $0.76 dividend on an annualized basis and a yield of 5.23%. Armada Hoffler Properties’s dividend payout ratio (DPR) is 161.70%.

In other news, CEO Louis S. Haddad bought 15,000 shares of Armada Hoffler Properties stock in a transaction that occurred on Wednesday, November 8th. The stock was bought at an average price of $14.92 per share, for a total transaction of $223,800.00. Following the purchase, the chief executive officer now directly owns 267,221 shares of the company’s stock, valued at approximately $3,986,937.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 16.59% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. raised its stake in Armada Hoffler Properties by 2.5% in 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 during the last quarter. Navellier & Associates Inc raised its stake in Armada Hoffler Properties by 0.7% in 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 during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in Armada Hoffler Properties by 1.2% in 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 during the last quarter. Dana Investment Advisors Inc. raised its stake in Armada Hoffler Properties by 0.7% in the 2nd quarter. Dana Investment Advisors Inc. now owns 164,293 shares of the real estate investment trust’s stock worth $2,128,000 after acquiring an additional 1,090 shares during the last quarter. Finally, Advisor Group Inc. raised its stake in Armada Hoffler Properties by 9.0% in the 2nd quarter. Advisor Group Inc. now owns 19,337 shares of the real estate investment trust’s stock worth $251,000 after acquiring an additional 1,594 shares during the last quarter. Institutional investors own 81.98% of the company’s stock.

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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.

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