Armada Hoffler Properties (NYSE:AHH) Reaches New 1-Year Low – Here’s Why

Armada Hoffler Properties, Inc. (NYSE:AHH)’s stock price hit a new 52-week low during trading on Thursday . The stock traded as low as $8.75 and last traded at $8.73, with a volume of 33022 shares traded. The stock had previously closed at $8.90.

Analyst Ratings Changes

Separately, Scotiabank decreased their price target on shares of Armada Hoffler Properties from $11.00 to $10.00 and set a “sector perform” rating for the company in a research note on Friday, February 28th.

Armada Hoffler Properties Stock Up 2.2 %

The company has a market cap of $917.00 million, a PE ratio of 28.27 and a beta of 1.04. The company has a debt-to-equity ratio of 1.56, a quick ratio of 7.17 and a current ratio of 8.81. The firm has a fifty day simple moving average of $9.59 and a 200 day simple moving average of $10.67.

Armada Hoffler Properties (NYSE:AHH) last announced its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.21. The firm had revenue of $62.95 million during the quarter, compared to analysts’ expectations of $66.67 million. Armada Hoffler Properties had a net margin of 5.99% and a return on equity of 5.96%. Equities research analysts predict that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current year.

Armada Hoffler Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Thursday, December 26th were paid a $0.205 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 9.06%. Armada Hoffler Properties’s dividend payout ratio (DPR) is presently 256.25%.

Insider Buying and Selling

In related news, Director Dennis H. Gartman acquired 4,500 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was purchased at an average cost of $10.85 per share, for a total transaction of $48,825.00. Following the purchase, the director now directly owns 31,649 shares in the company, valued at $343,391.65. This represents a 16.58 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 11.90% of the company’s stock.

Institutional Investors Weigh In On Armada Hoffler Properties

Several hedge funds have recently modified their holdings of the stock. Vision Capital Corp purchased a new position in shares of Armada Hoffler Properties during the third quarter valued at $11,913,000. Sound Income Strategies LLC acquired a new position in shares of Armada Hoffler Properties during the 4th quarter worth $9,049,000. Vanguard Group Inc. raised its holdings in Armada Hoffler Properties by 9.5% during the fourth quarter. Vanguard Group Inc. now owns 9,516,800 shares of the real estate investment trust’s stock valued at $97,357,000 after buying an additional 829,392 shares in the last quarter. Nuveen Asset Management LLC lifted its holdings in Armada Hoffler Properties by 118.4% in the 4th quarter. Nuveen Asset Management LLC now owns 1,315,020 shares of the real estate investment trust’s stock worth $13,453,000 after purchasing an additional 713,010 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Armada Hoffler Properties by 15.3% during the 4th quarter. Geode Capital Management LLC now owns 2,035,178 shares of the real estate investment trust’s stock worth $20,824,000 after buying an additional 269,367 shares during the period. 66.35% of the stock is owned by hedge funds and other institutional investors.

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.