Armada Hoffler Properties, Inc. (NYSE:AHH) Sees Significant Growth in Short Interest

Armada Hoffler Properties, Inc. (NYSE:AHH) was the target of a significant growth in short interest in December. As of December 15th, there was short interest totalling 1,220,000 shares, a growth of 11.9% from the November 30th total of 1,090,000 shares. Based on an average daily trading volume, of 790,100 shares, the days-to-cover ratio is presently 1.5 days.

Analyst Upgrades and Downgrades

AHH has been the topic of a number of analyst reports. Stifel Nicolaus lifted their target price on shares of Armada Hoffler Properties from $12.50 to $12.75 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. StockNews.com lowered shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd.

Insider Transactions at Armada Hoffler Properties

In related news, Director Dennis H. Gartman purchased 4,500 shares of Armada Hoffler Properties stock in a transaction dated Wednesday, December 11th. The shares were acquired at an average price of $10.85 per share, for a total transaction of $48,825.00. Following the acquisition, the director now directly owns 31,649 shares in the company, valued at approximately $343,391.65. The trade was a 16.58 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 11.90% of the company’s stock.

Hedge Funds Weigh In On Armada Hoffler Properties

Institutional investors have recently bought and sold shares of the company. Vision Capital Corp acquired a new position in shares of Armada Hoffler Properties in the third quarter valued at approximately $11,913,000. Great Lakes Advisors LLC purchased a new stake in shares of Armada Hoffler Properties during the second quarter worth $2,961,000. Franklin Resources Inc. raised its stake in shares of Armada Hoffler Properties by 8.9% in the third quarter. Franklin Resources Inc. now owns 1,932,663 shares of the real estate investment trust’s stock valued at $20,989,000 after acquiring an additional 158,625 shares in the last quarter. FMR LLC raised its stake in shares of Armada Hoffler Properties by 6.4% in the third quarter. FMR LLC now owns 2,337,275 shares of the real estate investment trust’s stock valued at $25,313,000 after acquiring an additional 140,964 shares in the last quarter. Finally, Seven Grand Managers LLC purchased a new position in Armada Hoffler Properties in the third quarter valued at $1,451,000. 66.35% of the stock is owned by institutional investors and hedge funds.

Armada Hoffler Properties Trading Up 0.2 %

AHH traded up $0.02 on Monday, hitting $10.08. The company had a trading volume of 543,543 shares, compared to its average volume of 524,987. The company’s fifty day moving average price is $10.87 and its 200 day moving average price is $11.27. Armada Hoffler Properties has a 1 year low of $9.88 and a 1 year high of $12.60. The company has a current ratio of 7.17, a quick ratio of 7.17 and a debt-to-equity ratio of 2.00. The firm has a market cap of $1.02 billion, a P/E ratio of -48.00 and a beta of 1.03.

Armada Hoffler Properties (NYSE:AHH) last released its quarterly earnings results on Monday, November 4th. The real estate investment trust reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.42). Armada Hoffler Properties had a negative net margin of 1.01% and a negative return on equity of 1.18%. The company had revenue of $68.60 million during the quarter, compared to analysts’ expectations of $65.01 million. During the same period last year, the firm posted $0.31 earnings per share. Armada Hoffler Properties’s revenue was up 9.1% on a year-over-year basis. As a group, equities analysts expect that Armada Hoffler Properties will post 1.27 earnings per share for the current year.

Armada Hoffler Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Thursday, December 26th will be issued a $0.205 dividend. The ex-dividend date is Thursday, December 26th. This represents a $0.82 annualized dividend and a dividend yield of 8.13%. Armada Hoffler Properties’s dividend payout ratio is presently -390.48%.

About Armada Hoffler Properties

Armada Hoffler Properties, Inc (the “Company”) is a vertically integrated, self-managed real estate investment trust (“REIT”) with over four decades of experience developing, building, acquiring, and managing high-quality retail, office, and multifamily properties located primarily in the Mid-Atlantic and Southeastern United States.