Stifel Nicolaus analyst Steve Manaker maintained a Buy rating on Armada Hoffler Properties (AHH – Research Report) today and set a price target of $17.00. The company’s shares closed yesterday at $12.10.
According to TipRanks, Manaker is a 5-star analyst with an average return of 14.9% and a 66.43% success rate. Manaker covers the Real Estate sector, focusing on stocks such as National Health Investors, Medical Properties, and Healthcare Realty Trust.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Armada Hoffler Properties with a $17.00 average price target.
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Based on Armada Hoffler Properties’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $166.01 million and a net profit of $6.94 million. In comparison, last year the company earned a revenue of $126.26 million and had a net profit of $28.88 million
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Armada Hoffler Properties (AHH) Company Description:
Armada Hoffler Properties, Inc. is a real estate company, which develops, builds, owns, and manages institutional-grade office, retail and multifamily properties in the Mid-Atlantic United States. It operates through the following segments: Office Real Estate, Retail Real Estate, Multifamily Residential Real Estate, and General Contracting and Real Estate Services. The General Contracting & Real Estate Services segment provides various real estate services, such as general contractor services, construction management, asset management and development services to third-party property owners. The company was founded by Daniel A. Hoffler in 1979 and is headquartered in Virginia Beach, VA.
Read More on AHH:
- Armada Hoffler Receives Surge in Interest for Class-A Office Space at the Interlock
- Armada Hoffler announces interest in office space at The Interlock
- Armada Hoffler Announces Office Lease With Duane Morris LLP at Wills Wharf in Harbor Point
- Armada Hoffler To Discuss Fourth Quarter Earnings On February 22nd
- Armada Hoffler Finalizes Lease with KPMG LLP at Town Center of Virginia Beach
