In a report released today, Dave Rodgers from Robert W. Baird reiterated a Buy rating on Armada Hoffler Properties (NYSE: AHH), with a price target of $16. The company’s shares closed on Friday at $15.14.
According to TipRanks.com, Rodgers is a 4-star analyst with an average return of 6.2% and a 71.6% success rate. Rodgers covers the Financial sector, focusing on stocks such as Washington Real Estate Investment Trust, Franklin Street Properties, and Hudson Pacific Properties.
Currently, the analyst consensus on Armada Hoffler Properties is a Moderate Buy with an average price target of $15.63.
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Based on Armada Hoffler Properties’ latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $5.04 million. In comparison, last year the company had a net profit of $3.47 million.
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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.
