Armada Hoffler Properties Inc (AHH) was Reiterated by Wunderlich to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 15.50 from a previous price target of $13 . Wunderlich advised their investors in a research report released on Aug 3, 2016.
On the company’s financial health, Armada Hoffler Properties Inc reported $0.26 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.23. The company had revenue of $24.30 million for the quarter, compared to analysts expectations of $23.83 million. The company’s revenue was up 22.1% compared to the same quarter last year.
Armada Hoffler Properties Inc closed down -0.59 points or -3.93% at $14.41 with 9,50,957 shares getting traded on Tusday. Post opening the session at $15.48, the shares hit an intraday low of $14.28 and an intraday high of $15.5 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.
In a different news, on Sep 2, 2015, A Russell Kirk (director) purchased 25,000 shares at $9.65 per share price. According to the SEC, on Aug 11, 2015, Louis S Haddad (CEO) purchased 25,000 shares at $10.12 per share price.
Armada Hoffler Properties Inc. is a real estate company engaged in developing building owning and managing institutional-grade office retail and multifamily properties in markets across the Mid-Atlantic United States. The Company operates through four segments: office real estate retail real estate multifamily residential real estate and general contracting and real estate services. The Company provides general contracting services to third parties. The Company constructs and develops mid and high-rise office buildings retail strip malls and retail power centers multifamily apartment communities hotels and conference centers single and multi-tenant industrial distribution and manufacturing facilities educational medical and special purpose facilities government projects parking garages and mixed-use town centers in Virginia and North Carolina.