Armada Hoffler Properties (NYSE:AHH) Price Target Cut to $12.50 by Analysts at Stifel Nicolaus

Armada Hoffler Properties (NYSE:AHH) had its target price lowered by Stifel Nicolaus from $12.75 to $12.50 in a note issued to investors on Friday, Benzinga reports. The firm presently has a “buy” rating on the real estate investment trust’s stock. Stifel Nicolaus’ price objective suggests a potential upside of 14.47% from the stock’s current price.

Other equities research analysts have also issued research reports about the company. Jefferies Financial Group lowered Armada Hoffler Properties from a “buy” rating to a “hold” rating and lowered their target price for the company from $13.00 to $11.00 in a research note on Monday, July 15th. StockNews.com upgraded Armada Hoffler Properties from a “sell” rating to a “hold” rating in a report on Friday, September 13th.

Armada Hoffler Properties Trading Up 1.1 %

Shares of AHH stock opened at $10.92 on Friday. The firm has a market cap of $969.51 million, a P/E ratio of 121.33 and a beta of 1.04. The business has a 50-day moving average price of $11.82 and a two-hundred day moving average price of $11.23. The company has a quick ratio of 7.49, a current ratio of 7.49 and a debt-to-equity ratio of 2.44. Armada Hoffler Properties has a 12-month low of $9.81 and a 12-month high of $13.11.

Insiders Place Their Bets

In other news, Director Dennis H. Gartman purchased 4,500 shares of the business’s stock in a transaction on Wednesday, July 10th. The stock was acquired at an average cost of $11.09 per share, for a total transaction of $49,905.00. Following the purchase, the director now directly owns 21,486 shares in the company, valued at approximately $238,279.74. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 11.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Point72 DIFC Ltd purchased a new position in Armada Hoffler Properties during the 2nd quarter valued at approximately $46,000. Cubist Systematic Strategies LLC bought a new stake in shares of Armada Hoffler Properties during the second quarter valued at approximately $619,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Armada Hoffler Properties in the second quarter worth approximately $55,000. Quarry LP increased its holdings in Armada Hoffler Properties by 446.4% during the 2nd quarter. Quarry LP now owns 5,863 shares of the real estate investment trust’s stock worth $65,000 after purchasing an additional 4,790 shares during the period. Finally, Algert Global LLC increased its holdings in Armada Hoffler Properties by 858.2% during the 2nd quarter. Algert Global LLC now owns 140,738 shares of the real estate investment trust’s stock worth $1,561,000 after purchasing an additional 126,051 shares during the period. 66.35% of the stock is currently owned by institutional investors.

About Armada Hoffler Properties

Armada Hoffler (NYSE: AHH) is a vertically-integrated, self-managed real estate investment trust 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.