Could Armada Hoffler Properties Inc (AHH) Change Direction After This Double Bottom Chart Pattern

September 17, 2017 - By Maria Brooks

Investors sentiment decreased to 1.43 in 2016 Q4. Its down 0.26, from 1.69 in 2016Q3. It dived, as 11 investors sold Armada Hoffler Properties Inc shares while 47 reduced holdings. 27 funds opened positions while 56 raised stakes. 27.08 million shares or 11.37% more from 24.31 million shares in 2016Q3 were reported.
Allianz Asset Management Ag holds 0% or 16,418 shares in its portfolio. Teachers Insur And Annuity Association Of America invested in 0.02% or 38,282 shares. Nationwide Fund Advisors has 0% invested in Armada Hoffler Properties Inc (NYSE:AHH). First Interstate Bancshares invested in 800 shares. Thompson Davis Company holds 0.01% or 500 shares in its portfolio. Chatham Cap Group Inc holds 0.19% in Armada Hoffler Properties Inc (NYSE:AHH) or 45,750 shares. Sg Americas Securities Ltd has 6,940 shares. Stifel Fincl invested 0% of its portfolio in Armada Hoffler Properties Inc (NYSE:AHH). 59,836 are owned by Sii Invests Wi. Sei owns 33,797 shares. Rhumbline Advisers holds 38,644 shares or 0% of its portfolio. Dupont Mgmt Corporation has invested 0% in Armada Hoffler Properties Inc (NYSE:AHH). Ativo Management Limited Company invested in 0.28% or 81,374 shares. Strs Ohio holds 0% of its portfolio in Armada Hoffler Properties Inc (NYSE:AHH) for 65,704 shares. New York State Teachers Retirement Systems stated it has 0% in Armada Hoffler Properties Inc (NYSE:AHH).

The chart of Armada Hoffler Properties Inc (AHH) shows a double bottom with $12.79 target or 6.00 % below today’s $13.61 share price. The 7 months chart pattern indicates high risk for the $850.66 million company. It was reported on Sep, 17 by Finviz.com. If the $12.79 price target is reached, the company will be worth $51.04 million less. Double bottoms are rare but powerful chart patterns.

It closed at $13.61 lastly. It is up 9.92% since September 17, 2016 and is uptrending. It has underperformed by 6.78% the S&P500.

Analysts expect Armada Hoffler Properties Inc (NYSE:AHH) to report $0.24 EPS on November, 7.They anticipate $0.02 EPS change or 7.69 % from last quarter’s $0.26 EPS. AHH’s profit would be $15.00 million giving it 14.18 P/E if the $0.24 EPS is correct. After having $0.25 EPS previously, Armada Hoffler Properties Inc’s analysts see -4.00 % EPS growth.

Armada Hoffler Properties Inc (NYSE:AHH) Ratings Coverage

Among 5 analysts covering Armada Hoffler Properties (NYSE:AHH), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Armada Hoffler Properties had 8 analyst reports since October 14, 2016 according to SRatingsIntel. Wunderlich downgraded the stock to “Hold” rating in Wednesday, December 14 report. On Wednesday, July 12 the stock rating was maintained by FBR Capital with “Outperform”. The stock of Armada Hoffler Properties Inc (NYSE:AHH) earned “Hold” rating by Stifel Nicolaus on Monday, July 24. On Wednesday, November 2 the stock rating was maintained by Wunderlich with “Buy”. As per Friday, May 12, the company rating was maintained by Stifel Nicolaus. The stock of Armada Hoffler Properties Inc (NYSE:AHH) has “Hold” rating given on Friday, June 23 by Stifel Nicolaus.

More important recent Armada Hoffler Properties Inc (NYSE:AHH) news were published by: Seekingalpha.com which released: “Armada Hoffler Properties’ (AHH) CEO Louis Haddad on Q1 2017 Results …” on May 02, 2017, also Businesswire.com published article titled: “Armada Hoffler Properties Announces $100 Million of New Development in …”, Nasdaq.com published: “Armada Hoffler Properties, Inc. (AHH) Ex-Dividend Date Scheduled for June 26, 2017” on June 23, 2017. More interesting news about Armada Hoffler Properties Inc (NYSE:AHH) was released by: Seekingalpha.com and their article: “Will The Positive Streak Continue For Armada Hoffler Properties?” with publication date: April 24, 2017.

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