Armada Hoffler Properties (NYSE:AHH) Upgraded to “Sell” at StockNews.com

StockNews.com upgraded shares of Armada Hoffler Properties (NYSE:AHH) to a sell rating in a research note issued to investors on Saturday.

Armada Hoffler Properties Stock Performance

Shares of NYSE:AHH traded up $0.10 on Friday, hitting $10.83. 449,816 shares of the company were exchanged, compared to its average volume of 353,343. The stock’s 50 day moving average price is $10.45 and its 200 day moving average price is $11.14. The company has a current ratio of 9.55, a quick ratio of 9.55 and a debt-to-equity ratio of 2.35. Armada Hoffler Properties has a 1-year low of $9.81 and a 1-year high of $13.11.

Armada Hoffler Properties (NYSE:AHH) last posted its quarterly earnings results on Thursday, February 22nd. The real estate investment trust reported ($0.27) EPS for the quarter, missing the consensus estimate of $0.32 by ($0.59). The business had revenue of $186.75 million during the quarter, compared to analysts’ expectations of $63.93 million. Armada Hoffler Properties had a net margin of 1.12% and a return on equity of 1.09%. Armada Hoffler Properties’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.35 earnings per share. Equities analysts expect that Armada Hoffler Properties will post 1.24 earnings per share for the current year.

Armada Hoffler Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Wednesday, March 27th were issued a $0.205 dividend. This is a boost from Armada Hoffler Properties’s previous quarterly dividend of $0.20. The ex-dividend date was Tuesday, March 26th. This represents a $0.82 dividend on an annualized basis and a yield of 7.57%. Armada Hoffler Properties’s payout ratio is presently -1,639.67%.

Insider Activity at Armada Hoffler Properties

In other Armada Hoffler Properties news, Director Dennis H. Gartman bought 4,500 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were purchased at an average price of $10.37 per share, for a total transaction of $46,665.00. Following the transaction, the director now directly owns 12,005 shares of the company’s stock, valued at approximately $124,491.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders acquired a total of 7,129 shares of company stock worth $74,291 in the last 90 days. Corporate insiders own 11.90% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AHH. First Eagle Investment Management LLC boosted its position in shares of Armada Hoffler Properties by 40.6% during the 3rd quarter. First Eagle Investment Management LLC now owns 814,806 shares of the real estate investment trust’s stock valued at $8,344,000 after acquiring an additional 235,474 shares during the last quarter. Knights of Columbus Asset Advisors LLC grew its stake in shares of Armada Hoffler Properties by 94.6% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 346,559 shares of the real estate investment trust’s stock valued at $4,287,000 after buying an additional 168,426 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Armada Hoffler Properties by 8.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,551,562 shares of the real estate investment trust’s stock worth $19,193,000 after buying an additional 124,204 shares during the last quarter. Invesco Ltd. raised its position in shares of Armada Hoffler Properties by 11.8% during the 3rd quarter. Invesco Ltd. now owns 1,138,976 shares of the real estate investment trust’s stock valued at $11,663,000 after buying an additional 120,132 shares during the period. Finally, Mesirow Institutional Investment Management Inc. lifted its holdings in Armada Hoffler Properties by 11.3% in the third quarter. Mesirow Institutional Investment Management Inc. now owns 918,413 shares of the real estate investment trust’s stock valued at $9,405,000 after acquiring an additional 93,185 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 (NYSE: AHH) is a vertically-integrated, self-managed real estate investment trust 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.