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

Armada Hoffler Properties, Inc. (NYSE:AHH) shares reached a new 52-week low during trading on Thursday . The company traded as low as $7.35 and last traded at $7.37, with a volume of 1012150 shares changing hands. The stock had previously closed at $7.42.

Analysts Set New Price Targets

Separately, Scotiabank decreased their target price on 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 Down 0.7 %

The firm’s 50 day simple moving average is $8.83 and its 200-day simple moving average is $10.11. The company has a debt-to-equity ratio of 1.56, a current ratio of 8.81 and a quick ratio of 7.17. The company has a market cap of $746.73 million, a price-to-earnings ratio of 23.03 and a beta of 1.04.

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

Armada Hoffler Properties Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, March 26th will be given a $0.14 dividend. The ex-dividend date is Wednesday, March 26th. This represents a $0.56 annualized dividend and a yield of 7.60%. Armada Hoffler Properties’s dividend payout ratio (DPR) is 175.00%.

Insider Buying and Selling

In other Armada Hoffler Properties news, Director A Russell Kirk bought 10,000 shares of Armada Hoffler Properties stock in a transaction dated Thursday, March 20th. The stock was acquired at an average cost of $7.70 per share, with a total value of $77,000.00. Following the completion of the acquisition, the director now owns 69,430 shares of the company’s stock, valued at approximately $534,611. This represents a 16.83 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders acquired a total of 90,000 shares of company stock worth $692,700 in the last 90 days. Company insiders own 11.90% of the company’s stock.

Hedge Funds Weigh In On Armada Hoffler Properties

A number of hedge funds and other institutional investors have recently made changes to their positions in AHH. Intech Investment Management LLC lifted its position in Armada Hoffler Properties by 130.5% during the 3rd quarter. Intech Investment Management LLC now owns 35,191 shares of the real estate investment trust’s stock worth $381,000 after acquiring an additional 19,925 shares during the period. FMR LLC lifted its holdings in shares of Armada Hoffler Properties by 6.4% during the third quarter. FMR LLC now owns 2,337,275 shares of the real estate investment trust’s stock worth $25,313,000 after purchasing an additional 140,964 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of Armada Hoffler Properties by 333.3% during the third quarter. BNP Paribas Financial Markets now owns 72,460 shares of the real estate investment trust’s stock worth $785,000 after purchasing an additional 55,738 shares during the period. Public Sector Pension Investment Board grew its position in Armada Hoffler Properties by 48.4% in the 3rd quarter. Public Sector Pension Investment Board now owns 219,001 shares of the real estate investment trust’s stock valued at $2,372,000 after buying an additional 71,400 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Armada Hoffler Properties by 6.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 483,680 shares of the real estate investment trust’s stock valued at $5,238,000 after buying an additional 29,977 shares during the period. Hedge funds and other institutional investors own 66.35% of the company’s stock.

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.