Armada Hoffler Properties (NYSE:AHH) Research Coverage Started at Scotiabank

Scotiabank assumed coverage on shares of Armada Hoffler Properties (NYSE:AHH) in a research report sent to investors on Tuesday, Marketbeat reports. The firm issued a sector perform rating and a $11.00 price objective on the real estate investment trust’s stock.

A number of other brokerages also recently weighed in on AHH. Stifel Nicolaus lifted their target price on Armada Hoffler Properties from $12.50 to $12.75 and gave the stock a “buy” rating in a report on Tuesday, November 5th. StockNews.com downgraded Armada Hoffler Properties from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd.

Armada Hoffler Properties Trading Up 1.1 %

Shares of AHH stock opened at $9.69 on Tuesday. The company has a market cap of $981.67 million, a P/E ratio of -46.12 and a beta of 1.03. The stock has a 50 day simple moving average of $10.32 and a two-hundred day simple moving average of $11.07. The company has a debt-to-equity ratio of 2.00, a quick ratio of 7.17 and a current ratio of 7.17. Armada Hoffler Properties has a fifty-two week low of $9.26 and a fifty-two week high of $12.46.

Armada Hoffler Properties (NYSE:AHH) last issued its earnings results on Monday, November 4th. The real estate investment trust reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.42). The business had revenue of $68.60 million during the quarter, compared to the consensus estimate of $65.01 million. Armada Hoffler Properties had a negative return on equity of 1.18% and a negative net margin of 1.01%. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.31 earnings per share. Research analysts forecast that Armada Hoffler Properties will post 1.27 earnings per share for the current year.

Armada Hoffler Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Thursday, December 26th were issued a dividend of $0.205 per share. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $0.82 annualized dividend and a dividend yield of 8.47%. Armada Hoffler Properties’s dividend payout ratio is -390.46%.

Insider Buying and Selling

In related news, Director Dennis H. Gartman purchased 4,500 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The stock was acquired at an average price of $10.85 per share, for a total transaction of $48,825.00. Following the completion of the acquisition, the director now owns 31,649 shares of the company’s stock, valued at $343,391.65. This represents a 16.58 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of AHH. Van ECK Associates Corp lifted its position in shares of Armada Hoffler Properties by 12.3% during the 3rd quarter. Van ECK Associates Corp now owns 11,403 shares of the real estate investment trust’s stock valued at $126,000 after buying an additional 1,251 shares during the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Armada Hoffler Properties by 6.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 22,272 shares of the real estate investment trust’s stock valued at $241,000 after buying an additional 1,316 shares during the last quarter. abrdn plc lifted its position in shares of Armada Hoffler Properties by 10.5% during the 3rd quarter. abrdn plc now owns 13,856 shares of the real estate investment trust’s stock valued at $150,000 after buying an additional 1,322 shares during the last quarter. Asset Management One Co. Ltd. lifted its position in shares of Armada Hoffler Properties by 1.7% during the 3rd quarter. Asset Management One Co. Ltd. now owns 97,243 shares of the real estate investment trust’s stock valued at $1,053,000 after buying an additional 1,642 shares during the last quarter. Finally, KBC Group NV lifted its position in shares of Armada Hoffler Properties by 66.0% during the 3rd quarter. KBC Group NV now owns 4,934 shares of the real estate investment trust’s stock valued at $53,000 after buying an additional 1,962 shares during the last quarter. Hedge funds and other institutional investors own 66.35% of the company’s stock.

Armada Hoffler Properties Company Profile

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.