Stifel Nicolaus Cuts Armada Hoffler Properties (NYSE:AHH) Price Target to $12.50

Armada Hoffler Properties (NYSE:AHH) had its target price cut by equities research analysts at Stifel Nicolaus from $12.75 to $12.50 in a research note issued on Friday, Benzinga reports. The firm currently has a “buy” rating on the real estate investment trust’s stock. Stifel Nicolaus’ target price would suggest a potential upside of 15.74% from the company’s current price.

A number of other research analysts have also issued reports on the company. StockNews.com upgraded Armada Hoffler Properties from a “sell” rating to a “hold” rating in a research report on Friday, September 13th. Jefferies Financial Group downgraded shares of Armada Hoffler Properties from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $13.00 to $11.00 in a report on Monday, July 15th.

Armada Hoffler Properties Stock Performance

Shares of NYSE AHH opened at $10.80 on Friday. Armada Hoffler Properties has a 12-month low of $9.81 and a 12-month high of $13.11. The company has a market cap of $958.86 million, a PE ratio of 120.00 and a beta of 1.04. The stock has a 50 day simple moving average of $11.83 and a 200-day simple moving average of $11.22. The company has a current ratio of 7.49, a quick ratio of 7.49 and a debt-to-equity ratio of 2.44.

Insider Buying and Selling at Armada Hoffler Properties

In other news, Director Dennis H. Gartman acquired 4,500 shares of the company’s stock in a transaction dated Wednesday, July 10th. The shares were bought at an average price of $11.09 per share, with a total value of $49,905.00. Following the purchase, the director now owns 21,486 shares of the company’s stock, valued at $238,279.74. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 11.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Armada Hoffler Properties

Several hedge funds have recently made changes to their positions in the business. State Board of Administration of Florida Retirement System boosted its holdings in Armada Hoffler Properties by 70.6% during the first quarter. State Board of Administration of Florida Retirement System now owns 114,524 shares of the real estate investment trust’s stock worth $1,191,000 after buying an additional 47,377 shares in the last quarter. First Eagle Investment Management LLC lifted its position in shares of Armada Hoffler Properties by 9.4% during the 1st quarter. First Eagle Investment Management LLC now owns 970,931 shares of the real estate investment trust’s stock valued at $10,098,000 after acquiring an additional 83,500 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Armada Hoffler Properties by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 7,757,553 shares of the real estate investment trust’s stock worth $80,679,000 after acquiring an additional 65,300 shares in the last quarter. Sei Investments Co. grew its holdings in shares of Armada Hoffler Properties by 2.7% in the 1st quarter. Sei Investments Co. now owns 234,366 shares of the real estate investment trust’s stock worth $2,437,000 after acquiring an additional 6,236 shares during the last quarter. Finally, New York State Teachers Retirement System grew its holdings in shares of Armada Hoffler Properties by 6.6% in the 1st quarter. New York State Teachers Retirement System now owns 102,927 shares of the real estate investment trust’s stock worth $1,070,000 after acquiring an additional 6,343 shares during the last quarter. Institutional investors and hedge funds own 66.35% of the company’s stock.

Armada Hoffler Properties Company Profile

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.