D.A. Davidson Keeps Their Buy Rating on Armada Hoffler Properties


In a report released today, James Lykins from D.A. Davidson maintained a Buy rating on Armada Hoffler Properties (NYSE: AHH), with a price target of $18. The company’s shares closed on Tuesday at $15.15.

According to TipRanks.com, Lykins is a 3-star analyst with an average return of 9.7% and a 69.2% success rate. Lykins covers the Financial sector, focusing on stocks such as Urstadt Biddle Properties Inc, Hersha Hospitality Trust, and Ramco-Gershenson.

Currently, the analyst consensus on Armada Hoffler Properties is a Moderate Buy with an average price target of $16.75.

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Armada Hoffler Properties’ market cap is currently $684.9M and has a P/E ratio of 33.67. The company has a Price to Book ratio of 3.04.

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Armada Hoffler Properties, Inc. operates as a real estate company. It develops, builds, owns and manages institutional-grade office, retail and multifamily properties in the Mid-Atlantic United States. The firm operates through the following business segments: Office, Retail, Multifamily, and General Contracting & Real Estate Services.

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